Zijin Mining (Germany) Statistic Functions Beta
| FJZ Stock | EUR 2.12 0.02 0.95% |
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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Zijin Mining Group correlated with the market. If Beta is less than 0 Zijin Mining generally moves in the opposite direction as compared to the market. If Zijin Mining Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Zijin Mining Group is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Zijin Mining is generally in the same direction as the market. If Beta > 1 Zijin Mining moves generally in the same direction as, but more than the movement of the benchmark.
Zijin Mining Technical Analysis Modules
Most technical analysis of Zijin Mining 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 Zijin from various momentum indicators to cycle indicators. When you analyze Zijin 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 Zijin Mining 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 Zijin Mining Group. We use our internally-developed statistical techniques to arrive at the intrinsic value of Zijin Mining Group based on widely used predictive technical indicators. In general, we focus on analyzing Zijin Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Zijin Mining'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 Zijin Mining's intrinsic value. In addition to deriving basic predictive indicators for Zijin Mining, we also check how macroeconomic factors affect Zijin Mining 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 Zijin Mining'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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Zijin Mining Group 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 Zijin Mining 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 Zijin Mining will appreciate offsetting losses from the drop in the long position's value.Zijin Mining Pair Trading
Zijin Mining Group Pair Trading Analysis
The ability to find closely correlated positions to Zijin Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zijin Mining 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 Zijin Mining - 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 Zijin Mining Group to buy it.
The correlation of Zijin Mining 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 Zijin Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zijin Mining Group 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 Zijin Mining 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 Zijin Mining Group. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Zijin Stock analysis
When running Zijin Mining's price analysis, check to measure Zijin Mining'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 Zijin Mining is operating at the current time. Most of Zijin Mining's value examination focuses on studying past and present price action to predict the probability of Zijin Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zijin Mining's price. Additionally, you may evaluate how the addition of Zijin Mining to your portfolios can decrease your overall portfolio volatility.
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