Mega Perintis (Indonesia) Statistic Functions Beta
| ZONE Stock | IDR 1,105 0.00 0.00% |
| Symbol |
The output start index for this execution was nine with a total number of output elements of fifty-two. The Beta measures systematic risk based on how returns on Mega Perintis Tbk correlated with the market. If Beta is less than 0 Mega Perintis generally moves in the opposite direction as compared to the market. If Mega Perintis Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Mega Perintis Tbk is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Mega Perintis is generally in the same direction as the market. If Beta > 1 Mega Perintis moves generally in the same direction as, but more than the movement of the benchmark.
Mega Perintis Technical Analysis Modules
Most technical analysis of Mega Perintis 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 Mega from various momentum indicators to cycle indicators. When you analyze Mega 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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| Volatility Indicators | ||
| Volume Indicators |
About Mega Perintis 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 Mega Perintis Tbk. We use our internally-developed statistical techniques to arrive at the intrinsic value of Mega Perintis Tbk based on widely used predictive technical indicators. In general, we focus on analyzing Mega Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Mega Perintis'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 Mega Perintis's intrinsic value. In addition to deriving basic predictive indicators for Mega Perintis, we also check how macroeconomic factors affect Mega Perintis 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 Mega Perintis' 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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Mega Perintis Tbk 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 Mega Perintis 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 Mega Perintis will appreciate offsetting losses from the drop in the long position's value.Mega Perintis Pair Trading
Mega Perintis Tbk Pair Trading Analysis
The ability to find closely correlated positions to Mega Perintis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mega Perintis 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 Mega Perintis - 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 Mega Perintis Tbk to buy it.
The correlation of Mega Perintis 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 Mega Perintis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mega Perintis Tbk 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 Mega Perintis 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 Mega Perintis Tbk. 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Mega Stock analysis
When running Mega Perintis' price analysis, check to measure Mega Perintis' 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 Mega Perintis is operating at the current time. Most of Mega Perintis' value examination focuses on studying past and present price action to predict the probability of Mega Perintis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mega Perintis' price. Additionally, you may evaluate how the addition of Mega Perintis to your portfolios can decrease your overall portfolio volatility.
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