Yi Jinn (Taiwan) Statistic Functions Pearson Correlation Coefficient
| 1457 Stock | TWD 19.85 0.15 0.75% |
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The output start index for this execution was nine with a total number of output elements of fifty-two. 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 Yi Jinn Industrial and its benchmark or peer.
Yi Jinn Technical Analysis Modules
Most technical analysis of Yi Jinn 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 1457 from various momentum indicators to cycle indicators. When you analyze 1457 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 Yi Jinn 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 Yi Jinn Industrial. We use our internally-developed statistical techniques to arrive at the intrinsic value of Yi Jinn Industrial based on widely used predictive technical indicators. In general, we focus on analyzing 1457 Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Yi Jinn'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 Yi Jinn's intrinsic value. In addition to deriving basic predictive indicators for Yi Jinn, we also check how macroeconomic factors affect Yi Jinn price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Yi Jinn Industrial 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 Yi Jinn 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 Yi Jinn will appreciate offsetting losses from the drop in the long position's value.Yi Jinn Pair Trading
Yi Jinn Industrial Pair Trading Analysis
The ability to find closely correlated positions to Yi Jinn could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yi Jinn 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 Yi Jinn - 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 Yi Jinn Industrial to buy it.
The correlation of Yi Jinn 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 Yi Jinn moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yi Jinn Industrial 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 Yi Jinn 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 1457 Stock Analysis
When running Yi Jinn's price analysis, check to measure Yi Jinn'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 Yi Jinn is operating at the current time. Most of Yi Jinn's value examination focuses on studying past and present price action to predict the probability of Yi Jinn's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Yi Jinn's price. Additionally, you may evaluate how the addition of Yi Jinn to your portfolios can decrease your overall portfolio volatility.