Athena Value Fund Market Value
Athena Value's market value is the price at which a share of Athena Value trades on a public exchange. It measures the collective expectations of Athena Value Fund investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Athena Value Fund and determine expected loss or profit from investing in Athena Value over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as various price indices.
Symbol | Athena |
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Pair Trading with Athena Value
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 Athena Value 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 Athena Value will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Athena Value could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Athena Value 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 Athena Value - 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 Athena Value Fund to buy it.
The correlation of Athena Value 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 Athena Value moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Athena Value Fund 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 Athena Value 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as various price indices. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Other Tools for Athena Mutual Fund
When running Athena Value's price analysis, check to measure Athena Value'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 Athena Value is operating at the current time. Most of Athena Value's value examination focuses on studying past and present price action to predict the probability of Athena Value's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Athena Value's price. Additionally, you may evaluate how the addition of Athena Value to your portfolios can decrease your overall portfolio volatility.
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