Jingbin Wang - East Africa Insider
Stakeholder Jingbin Wang is not found or was disassociated from the entity East Africa Metals
If you believe Jingbin Wang is a valid insider of East Africa Metals please let us know and we will check it out.
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Pair Trading with East Africa
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 East Africa 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 East Africa will appreciate offsetting losses from the drop in the long position's value.Moving together with East Stock
| 0.76 | FDY | Faraday Copper Corp | PairCorr |
Moving against East Stock
| 0.73 | VISA | Visa Inc CDR | PairCorr |
| 0.46 | TSLA | Tesla Inc CDR | PairCorr |
The ability to find closely correlated positions to East Africa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace East Africa 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 East Africa - 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 East Africa Metals to buy it.
The correlation of East Africa 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 East Africa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if East Africa Metals 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 East Africa 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, which includes a position in East Africa Metals. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for East Stock analysis
When running East Africa's price analysis, check to measure East Africa'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 East Africa is operating at the current time. Most of East Africa's value examination focuses on studying past and present price action to predict the probability of East Africa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move East Africa's price. Additionally, you may evaluate how the addition of East Africa to your portfolios can decrease your overall portfolio volatility.
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