Spolytech (Korea) Statistic Functions Pearson Correlation Coefficient
| 050760 Stock | KRW 1,419 82.00 6.13% |
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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Pearsons Correlation Coefficient is one of the most common measures of correlation in financial statistics. It shows the linear relationship between price series of Spolytech and its benchmark or peer.
Spolytech Technical Analysis Modules
Most technical analysis of Spolytech 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 Spolytech from various momentum indicators to cycle indicators. When you analyze Spolytech 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 Spolytech 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 Spolytech Co. We use our internally-developed statistical techniques to arrive at the intrinsic value of Spolytech Co based on widely used predictive technical indicators. In general, we focus on analyzing Spolytech Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Spolytech'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 Spolytech's intrinsic value. In addition to deriving basic predictive indicators for Spolytech, we also check how macroeconomic factors affect Spolytech price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Spolytech 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 Spolytech 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 Spolytech will appreciate offsetting losses from the drop in the long position's value.Spolytech Pair Trading
Spolytech Co Pair Trading Analysis
The ability to find closely correlated positions to Spolytech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Spolytech 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 Spolytech - 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 Spolytech Co to buy it.
The correlation of Spolytech 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 Spolytech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Spolytech 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 Spolytech 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 Spolytech Stock
Spolytech financial ratios help investors to determine whether Spolytech 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 Spolytech with respect to the benefits of owning Spolytech security.