Buru Energy Limited Stock Statistic Functions Beta
| BRNGF Stock | USD 0.02 0.03 60.00% |
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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Buru Energy Limited correlated with the market. If Beta is less than 0 Buru Energy generally moves in the opposite direction as compared to the market. If Buru Energy Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Buru Energy Limited is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Buru Energy is generally in the same direction as the market. If Beta > 1 Buru Energy moves generally in the same direction as, but more than the movement of the benchmark.
Buru Energy Technical Analysis Modules
Most technical analysis of Buru Energy 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 Buru from various momentum indicators to cycle indicators. When you analyze Buru 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 Buru Energy 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 Buru Energy Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Buru Energy Limited based on widely used predictive technical indicators. In general, we focus on analyzing Buru Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Buru Energy'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 Buru Energy's intrinsic value. In addition to deriving basic predictive indicators for Buru Energy, we also check how macroeconomic factors affect Buru Energy price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Buru Energy Limited 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 Buru Energy 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 Buru Energy will appreciate offsetting losses from the drop in the long position's value.Buru Energy Pair Trading
Buru Energy Limited Pair Trading Analysis
The ability to find closely correlated positions to Buru Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Buru Energy 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 Buru Energy - 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 Buru Energy Limited to buy it.
The correlation of Buru Energy 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 Buru Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Buru Energy Limited 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 Buru Energy 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 Buru Pink Sheet
Buru Energy financial ratios help investors to determine whether Buru Pink Sheet 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 Buru with respect to the benefits of owning Buru Energy security.