STOX Statistic Functions Variance
| STOX Crypto | USD 0 0.000036 1.01% |
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The output start index for this execution was two with a total number of output elements of fifty-nine. STOX Variance is a measurement of the price spread between periods of STOX price series.
STOX Technical Analysis Modules
Most technical analysis of STOX 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 STOX from various momentum indicators to cycle indicators. When you analyze STOX 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 STOX 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 STOX. We use our internally-developed statistical techniques to arrive at the intrinsic value of STOX based on widely used predictive technical indicators. In general, we focus on analyzing STOX Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build STOX'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 STOX's intrinsic value. In addition to deriving basic predictive indicators for STOX, we also check how macroeconomic factors affect STOX price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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STOX 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 STOX 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 STOX will appreciate offsetting losses from the drop in the long position's value.STOX Pair Trading
STOX Pair Trading Analysis
The ability to find closely correlated positions to STOX could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STOX 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 STOX - 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 STOX to buy it.
The correlation of STOX 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 STOX moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STOX 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 STOX 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 World Market Map to better understand how to build diversified portfolios, which includes a position in STOX. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.