Metro AG (Germany) Statistic Functions Linear Regression Slope
| B4B3 Stock | EUR 4.94 0.21 4.08% |
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The output start index for this execution was twenty-nine with a total number of output elements of thirty-two. The Linear Regression Slope is the rate of change in Metro AG price series over its benchmark or peer price series.
Metro AG Technical Analysis Modules
Most technical analysis of Metro AG 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 Metro from various momentum indicators to cycle indicators. When you analyze Metro 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 Metro AG 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 Metro AG. We use our internally-developed statistical techniques to arrive at the intrinsic value of Metro AG based on widely used predictive technical indicators. In general, we focus on analyzing Metro Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Metro AG's daily price indicators and compare them against related drivers, such as statistic functions 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 Metro AG's intrinsic value. In addition to deriving basic predictive indicators for Metro AG, we also check how macroeconomic factors affect Metro AG price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Metro AG 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 Metro AG 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 Metro AG will appreciate offsetting losses from the drop in the long position's value.Metro AG Pair Trading
Metro AG Pair Trading Analysis
The ability to find closely correlated positions to Metro AG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metro AG 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 Metro AG - 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 Metro AG to buy it.
The correlation of Metro AG 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 Metro AG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metro AG 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 Metro AG 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 Metro Stock
Metro AG financial ratios help investors to determine whether Metro Stock 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 Metro with respect to the benefits of owning Metro AG security.