Kadena Statistic Functions Standard Deviation
| KDA Crypto | USD 0.66 0.04 5.71% |
| Symbol |
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. Kadena Standard Deviation measures the spread of Kadena time series from expected value (the mean).
Kadena Technical Analysis Modules
Most technical analysis of Kadena 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 Kadena from various momentum indicators to cycle indicators. When you analyze Kadena 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 Kadena 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 Kadena. We use our internally-developed statistical techniques to arrive at the intrinsic value of Kadena based on widely used predictive technical indicators. In general, we focus on analyzing Kadena Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Kadena'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 Kadena's intrinsic value. In addition to deriving basic predictive indicators for Kadena, we also check how macroeconomic factors affect Kadena price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Kadena 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 Kadena 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 Kadena will appreciate offsetting losses from the drop in the long position's value.Kadena Pair Trading
Kadena Pair Trading Analysis
The ability to find closely correlated positions to Kadena could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kadena 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 Kadena - 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 Kadena to buy it.
The correlation of Kadena 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 Kadena moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kadena 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 Kadena 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kadena. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.