Exxaro Resources Limited Stock Market Value
| EXXAF Stock | USD 9.91 0.11 1.12% |
| Symbol | Exxaro |
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| EU | enCore Energy Corp | ETF |
| EVZ | CBOE Euro Currency | Index |
| EM | EM | Cryptocurrency |
| ESUSD | E Mini SP 500 | Commodity |
Pair Trading with Exxaro Resources
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 Exxaro Resources 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 Exxaro Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Exxaro Pink Sheet
| 0.73 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
Moving against Exxaro Pink Sheet
| 0.8 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.79 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.76 | MMM | 3M Company Earnings Call This Week | PairCorr |
| 0.75 | NVDA | NVIDIA Financial Report 22nd of May 2024 | PairCorr |
| 0.74 | GE | GE Aerospace Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Exxaro Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exxaro Resources 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 Exxaro Resources - 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 Exxaro Resources Limited to buy it.
The correlation of Exxaro Resources 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 Exxaro Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exxaro Resources 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 Exxaro Resources 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Exxaro Resources information on this page should be used as a complementary analysis to other Exxaro Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Exxaro Pink Sheet analysis
When running Exxaro Resources' price analysis, check to measure Exxaro Resources' 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 Exxaro Resources is operating at the current time. Most of Exxaro Resources' value examination focuses on studying past and present price action to predict the probability of Exxaro Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exxaro Resources' price. Additionally, you may evaluate how the addition of Exxaro Resources to your portfolios can decrease your overall portfolio volatility.
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Exxaro Resources technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.