Tangerine Equity Fund Forecast - Period Momentum Indicator
Investors can use prediction functions to forecast Tangerine Equity's fund prices and determine the direction of Tangerine Equity Growth's future trends based on various well-known forecasting models. However, exclusively looking at the historical price movement is usually misleading.
On December 18, 2024 Tangerine Equity Growth 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.Tangerine |
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Generally speaking extended values of the momentum indicator over time are good indicators of oversold or over brought conditions.
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Tangerine Equity 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 Tangerine Equity fund to make a market-neutral strategy. Peer analysis of Tangerine Equity could also be used in its relative valuation, which is a method of valuing Tangerine Equity by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pair Trading with Tangerine Equity
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 Tangerine Equity 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 Tangerine Equity will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Tangerine Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tangerine Equity 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 Tangerine Equity - 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 Tangerine Equity Growth to buy it.
The correlation of Tangerine Equity 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 Tangerine Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tangerine Equity Growth 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 Tangerine Equity 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.| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
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