Klp Aksjeeuropa Indeks Fund Cash Position Weight
0P00016TMM | 1,874 0.00 0.00% |
KLP |
0P00016TMM.IR fundamentals not found at this time
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Pair Trading with KLP AksjeEuropa
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 AksjeEuropa 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 AksjeEuropa will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to KLP AksjeEuropa 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 AksjeEuropa 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 AksjeEuropa - 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 AksjeEuropa Indeks to buy it.
The correlation of KLP AksjeEuropa 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 AksjeEuropa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KLP AksjeEuropa 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 AksjeEuropa 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.Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
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