Seija Turunen - Elisa Oyj Insider
Stakeholder Seija Turunen is not found or was disassociated from the entity Elisa Oyj
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Pair Trading with Elisa Oyj
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 Elisa Oyj 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 Elisa Oyj will appreciate offsetting losses from the drop in the long position's value.Moving against Elisa Pink Sheet
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0.61 | MSFT | Microsoft Financial Report 23rd of July 2024 | PairCorr |
0.5 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
The ability to find closely correlated positions to Elisa Oyj could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elisa Oyj 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 Elisa Oyj - 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 Elisa Oyj to buy it.
The correlation of Elisa Oyj 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 Elisa Oyj moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elisa Oyj 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 Elisa Oyj 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 Elisa Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Elisa Pink Sheet analysis
When running Elisa Oyj's price analysis, check to measure Elisa Oyj'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 Elisa Oyj is operating at the current time. Most of Elisa Oyj's value examination focuses on studying past and present price action to predict the probability of Elisa Oyj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elisa Oyj's price. Additionally, you may evaluate how the addition of Elisa Oyj to your portfolios can decrease your overall portfolio volatility.
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