INNELEC MULTIMMINHEO153 (Germany) Statistic Functions Beta
| 1W2 Stock | EUR 2.64 0.02 0.76% |
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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. The Beta measures systematic risk based on how returns on INNELEC MULTIMMINHEO153 correlated with the market. If Beta is less than 0 INNELEC MULTIMMINHEO153 generally moves in the opposite direction as compared to the market. If INNELEC MULTIMMINHEO153 Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one INNELEC MULTIMMINHEO153 is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of INNELEC MULTIMMINHEO153 is generally in the same direction as the market. If Beta > 1 INNELEC MULTIMMINHEO153 moves generally in the same direction as, but more than the movement of the benchmark.
INNELEC MULTIMMINHEO153 Technical Analysis Modules
Most technical analysis of INNELEC MULTIMMINHEO153 help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for INNELEC from various momentum indicators to cycle indicators. When you analyze INNELEC charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About INNELEC MULTIMMINHEO153 Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of INNELEC MULTIMMINHEO153. We use our internally-developed statistical techniques to arrive at the intrinsic value of INNELEC MULTIMMINHEO153 based on widely used predictive technical indicators. In general, we focus on analyzing INNELEC Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build INNELEC MULTIMMINHEO153's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of INNELEC MULTIMMINHEO153's intrinsic value. In addition to deriving basic predictive indicators for INNELEC MULTIMMINHEO153, we also check how macroeconomic factors affect INNELEC MULTIMMINHEO153 price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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INNELEC MULTIMMINHEO153 pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if INNELEC MULTIMMINHEO153 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in INNELEC MULTIMMINHEO153 will appreciate offsetting losses from the drop in the long position's value.INNELEC MULTIMMINHEO153 Pair Trading
INNELEC MULTIMMINHEO153 Pair Trading Analysis
The ability to find closely correlated positions to INNELEC MULTIMMINHEO153 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INNELEC MULTIMMINHEO153 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back INNELEC MULTIMMINHEO153 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling INNELEC MULTIMMINHEO153 to buy it.
The correlation of INNELEC MULTIMMINHEO153 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as INNELEC MULTIMMINHEO153 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if INNELEC MULTIMMINHEO153 moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for INNELEC MULTIMMINHEO153 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in INNELEC Stock
INNELEC MULTIMMINHEO153 financial ratios help investors to determine whether INNELEC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in INNELEC with respect to the benefits of owning INNELEC MULTIMMINHEO153 security.