Lisen Agnevik - Wise Group Insider
Stakeholder Lisen Agnevik is not found or was disassociated from the entity Wise Group AB
If you believe Lisen Agnevik is a valid insider of Wise Group AB please let us know and we will check it out.
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Pair Trading with Wise Group
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 Wise 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 Wise Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Wise Stock
| 0.73 | GENO | Genovis AB | PairCorr |
Moving against Wise Stock
| 0.62 | EQT | EQT AB | PairCorr |
| 0.5 | HAV-B | Havsfrun Investment | PairCorr |
| 0.43 | TALK | TalkPool AG | PairCorr |
The ability to find closely correlated positions to Wise 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 Wise 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 Wise 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 Wise Group AB to buy it.
The correlation of Wise 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 Wise Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wise 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 Wise 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wise 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Wise Stock analysis
When running Wise Group's price analysis, check to measure Wise 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 Wise Group is operating at the current time. Most of Wise Group's value examination focuses on studying past and present price action to predict the probability of Wise 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 Wise Group's price. Additionally, you may evaluate how the addition of Wise Group to your portfolios can decrease your overall portfolio volatility.
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
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| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |