Discovery Aggressive (South Africa) Statistic Functions Beta
| 0P00017KS6 | 1.65 0.01 0.61% |
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The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Discovery Aggressive correlated with the market. If Beta is less than 0 Discovery Aggressive generally moves in the opposite direction as compared to the market. If Discovery Aggressive Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Discovery Aggressive is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Discovery Aggressive is generally in the same direction as the market. If Beta > 1 Discovery Aggressive moves generally in the same direction as, but more than the movement of the benchmark.
Discovery Aggressive Technical Analysis Modules
Most technical analysis of Discovery Aggressive 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 Discovery from various momentum indicators to cycle indicators. When you analyze Discovery 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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Discovery Aggressive 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 Discovery Aggressive 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 Discovery Aggressive will appreciate offsetting losses from the drop in the long position's value.Discovery Aggressive Pair Trading
Discovery Aggressive Dynamic Pair Trading Analysis
The ability to find closely correlated positions to Discovery Aggressive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discovery Aggressive 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 Discovery Aggressive - 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 Discovery Aggressive Dynamic to buy it.
The correlation of Discovery Aggressive 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 Discovery Aggressive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discovery Aggressive 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 Discovery Aggressive 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.| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
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