ODYSSEY RESOURCES (Exotistan) Math Transform Inverse Tangent Over Price Movement

ODYSSEY RESOURCES math transform tool provides the execution environment for running the Inverse Tangent Over Price Movement transformation and other technical functions against ODYSSEY RESOURCES. ODYSSEY RESOURCES value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of math transform indicators. As with most other technical indicators, the Inverse Tangent Over Price Movement transformation function is designed to identify and follow existing trends. Analysts that use price transformation techniques rely on the belief that biggest profits from investing in ODYSSEY RESOURCES can be made when ODYSSEY RESOURCES shifts in price trends from positive to negative or vice versa.

Transformation
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ODYSSEY RESOURCES Technical Analysis Modules

Most technical analysis of ODYSSEY RESOURCES 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 ODYSSEY from various momentum indicators to cycle indicators. When you analyze ODYSSEY 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.

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ODYSSEY RESOURCES LTD 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 ODYSSEY RESOURCES 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 ODYSSEY RESOURCES will appreciate offsetting losses from the drop in the long position's value.

ODYSSEY RESOURCES Pair Trading

ODYSSEY RESOURCES LTD Pair Trading Analysis

The ability to find closely correlated positions to Starbucks Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starbucks Corp 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 Starbucks Corp - 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 Starbucks Corp to buy it.
The correlation of Starbucks Corp is a statistical measure of how it moves in relation to other equities. 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 Starbucks Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Starbucks Corp 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 Starbucks Corp 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.
Pair CorrelationCorrelation Matching
Check out Your Equity Center. Note that the ODYSSEY RESOURCES LTD information on this page should be used as a complementary analysis to other ODYSSEY RESOURCES's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Tools for ODYSSEY Stock

When running ODYSSEY RESOURCES LTD price analysis, check to measure ODYSSEY RESOURCES'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 ODYSSEY RESOURCES is operating at the current time. Most of ODYSSEY RESOURCES's value examination focuses on studying past and present price action to predict the probability of ODYSSEY RESOURCES's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move ODYSSEY RESOURCES's price. Additionally, you may evaluate how the addition of ODYSSEY RESOURCES to your portfolios can decrease your overall portfolio volatility.
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