CORNERSTONE INSURANCE (Nigeria) Statistic Functions Beta
| CORNERST | 4.50 0.31 7.40% |
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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 CORNERSTONE INSURANCE PLC correlated with the market. If Beta is less than 0 CORNERSTONE INSURANCE generally moves in the opposite direction as compared to the market. If CORNERSTONE INSURANCE Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CORNERSTONE INSURANCE PLC is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CORNERSTONE INSURANCE is generally in the same direction as the market. If Beta > 1 CORNERSTONE INSURANCE moves generally in the same direction as, but more than the movement of the benchmark.
CORNERSTONE INSURANCE Technical Analysis Modules
Most technical analysis of CORNERSTONE INSURANCE 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 CORNERSTONE from various momentum indicators to cycle indicators. When you analyze CORNERSTONE 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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CORNERSTONE INSURANCE PLC 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 CORNERSTONE INSURANCE 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 CORNERSTONE INSURANCE will appreciate offsetting losses from the drop in the long position's value.CORNERSTONE INSURANCE Pair Trading
CORNERSTONE INSURANCE PLC Pair Trading Analysis
The ability to find closely correlated positions to CORNERSTONE INSURANCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CORNERSTONE INSURANCE 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 CORNERSTONE INSURANCE - 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 CORNERSTONE INSURANCE PLC to buy it.
The correlation of CORNERSTONE INSURANCE 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 CORNERSTONE INSURANCE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CORNERSTONE INSURANCE PLC 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 CORNERSTONE INSURANCE 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.Additional Tools for CORNERSTONE Stock Analysis
When running CORNERSTONE INSURANCE's price analysis, check to measure CORNERSTONE INSURANCE'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 CORNERSTONE INSURANCE is operating at the current time. Most of CORNERSTONE INSURANCE's value examination focuses on studying past and present price action to predict the probability of CORNERSTONE INSURANCE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CORNERSTONE INSURANCE's price. Additionally, you may evaluate how the addition of CORNERSTONE INSURANCE to your portfolios can decrease your overall portfolio volatility.