KLP AksjeNorge Fund Forecast - Period Momentum Indicator
Investors can use prediction functions to forecast KLP AksjeNorge's fund prices and determine the direction of KLP AksjeNorge Indeks's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
On November 22, 2024 KLP AksjeNorge Indeks had Period Momentum Indicator of 0. Momentum indicator evaluates the difference between todays closing price and the close price n periods ago. It is the velocity with which the price is rising or falling. It also reflects how aggressively the asset is purchased or sold by the public.KLP |
| Check KLP AksjeNorge Volatility | Backtest KLP AksjeNorge | Information Ratio |
Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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KLP AksjeNorge Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with KLP AksjeNorge fund to make a market-neutral strategy. Peer analysis of KLP AksjeNorge could also be used in its relative valuation, which is a method of valuing KLP AksjeNorge by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pair Trading with KLP AksjeNorge
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 KLP AksjeNorge 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 KLP AksjeNorge will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KLP AksjeNorge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KLP AksjeNorge 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 KLP AksjeNorge - 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 KLP AksjeNorge Indeks to buy it.
The correlation of KLP AksjeNorge 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 KLP AksjeNorge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KLP AksjeNorge Indeks 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 KLP AksjeNorge 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.| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
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| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators |