Betolar Oyj (Finland) Price Transform Average Price
| BETOLAR Stock | 0.78 0.02 2.50% |
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The output start index for this execution was zero with a total number of output elements of sixty-one. Betolar Oyj Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
Betolar Oyj Technical Analysis Modules
Most technical analysis of Betolar Oyj 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 Betolar from various momentum indicators to cycle indicators. When you analyze Betolar 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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Betolar Oyj 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 Betolar Oyj 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 Betolar Oyj will appreciate offsetting losses from the drop in the long position's value.Betolar Oyj Pair Trading
Betolar Oyj Pair Trading Analysis
The ability to find closely correlated positions to Betolar Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Betolar Oyj 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 Betolar Oyj - 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 Betolar Oyj to buy it.
The correlation of Betolar Oyj 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 Betolar Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Betolar Oyj 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 Betolar Oyj 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.Additional Tools for Betolar Stock Analysis
When running Betolar Oyj's price analysis, check to measure Betolar Oyj's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Betolar Oyj is operating at the current time. Most of Betolar Oyj's value examination focuses on studying past and present price action to predict the probability of Betolar Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Betolar Oyj's price. Additionally, you may evaluate how the addition of Betolar Oyj to your portfolios can decrease your overall portfolio volatility.