Satrix 40 (South Africa) Statistic Functions Beta
| STX40 Etf | 7,651 21.00 0.27% |
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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 Beta measures systematic risk based on how returns on Satrix 40 ETF correlated with the market. If Beta is less than 0 Satrix 40 generally moves in the opposite direction as compared to the market. If Satrix 40 Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Satrix 40 ETF is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Satrix 40 is generally in the same direction as the market. If Beta > 1 Satrix 40 moves generally in the same direction as, but more than the movement of the benchmark.
Satrix 40 Technical Analysis Modules
Most technical analysis of Satrix 40 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 Satrix from various momentum indicators to cycle indicators. When you analyze Satrix 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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| Volume Indicators |
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