Anoto Group (Sweden) Statistic Functions Beta
| ANOT Stock | SEK 0.21 0.01 4.55% |
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The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on Anoto Group AB correlated with the market. If Beta is less than 0 Anoto Group generally moves in the opposite direction as compared to the market. If Anoto Group Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Anoto Group AB is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Anoto Group is generally in the same direction as the market. If Beta > 1 Anoto Group moves generally in the same direction as, but more than the movement of the benchmark.
Anoto Group Technical Analysis Modules
Most technical analysis of Anoto Group 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 Anoto from various momentum indicators to cycle indicators. When you analyze Anoto 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 Anoto Group 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 Anoto Group AB. We use our internally-developed statistical techniques to arrive at the intrinsic value of Anoto Group AB based on widely used predictive technical indicators. In general, we focus on analyzing Anoto Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Anoto Group'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 Anoto Group's intrinsic value. In addition to deriving basic predictive indicators for Anoto Group, we also check how macroeconomic factors affect Anoto Group price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Anoto Group's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Anoto Group AB 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 Anoto Group 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 Anoto Group will appreciate offsetting losses from the drop in the long position's value.Anoto Group Pair Trading
Anoto Group AB Pair Trading Analysis
The ability to find closely correlated positions to Anoto Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anoto Group 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 Anoto Group - 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 Anoto Group AB to buy it.
The correlation of Anoto Group 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 Anoto Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Anoto Group AB 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 Anoto Group 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Anoto Group AB. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Anoto Stock analysis
When running Anoto Group's price analysis, check to measure Anoto Group'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 Anoto Group is operating at the current time. Most of Anoto Group's value examination focuses on studying past and present price action to predict the probability of Anoto Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Anoto Group's price. Additionally, you may evaluate how the addition of Anoto Group to your portfolios can decrease your overall portfolio volatility.
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