Otto Energy Limited Stock Math Operators Price Series Summation
OTTEF Stock | USD 0 0.00 0.00% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Otto Energy Limited Price Series Summation is a cross summation of Otto Energy price series and its benchmark/peer.
Otto Energy Technical Analysis Modules
Most technical analysis of Otto 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 Otto from various momentum indicators to cycle indicators. When you analyze Otto 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 Otto 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 Otto Energy Limited. We use our internally-developed statistical techniques to arrive at the intrinsic value of Otto Energy Limited based on widely used predictive technical indicators. In general, we focus on analyzing Otto Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Otto Energy's daily price indicators and compare them against related drivers, such as math operators 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 Otto Energy's intrinsic value. In addition to deriving basic predictive indicators for Otto Energy, we also check how macroeconomic factors affect Otto Energy price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Otto Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Otto 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 Otto 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 Otto Energy will appreciate offsetting losses from the drop in the long position's value.Otto Energy Pair Trading
Otto Energy Limited Pair Trading Analysis
The ability to find closely correlated positions to Otto 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 Otto 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 Otto 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 Otto Energy Limited to buy it.
The correlation of Otto 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 Otto Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Otto 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 Otto 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 Otto Pink Sheet
Otto Energy financial ratios help investors to determine whether Otto 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 Otto with respect to the benefits of owning Otto Energy security.