Five Below (Germany) Statistic Functions Pearson Correlation Coefficient
| 6F1 Stock | EUR 100.95 3.15 3.03% |
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Five Below and its benchmark or peer.
Five Below Technical Analysis Modules
Most technical analysis of Five Below 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 Five from various momentum indicators to cycle indicators. When you analyze Five 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 Five Below 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 Five Below. We use our internally-developed statistical techniques to arrive at the intrinsic value of Five Below based on widely used predictive technical indicators. In general, we focus on analyzing Five Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Five Below'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 Five Below's intrinsic value. In addition to deriving basic predictive indicators for Five Below, we also check how macroeconomic factors affect Five Below price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Five Below 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 Five Below 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 Five Below will appreciate offsetting losses from the drop in the long position's value.Five Below Pair Trading
Five Below Pair Trading Analysis
The ability to find closely correlated positions to Five Below could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Five Below 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 Five Below - 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 Five Below to buy it.
The correlation of Five Below 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 Five Below moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Five Below 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 Five Below 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 Information and Resources on Investing in Five Stock
When determining whether Five Below is a strong investment it is important to analyze Five Below's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Five Below's future performance. For an informed investment choice regarding Five Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Five Below. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Five Stock please use our How to Invest in Five Below guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.