Bfit Etf Market Value
| BFIT Etf | USD 21.39 0.00 0.00% |
| Symbol | BFIT |
Search Suggestions
| BF | BF | Cryptocurrency |
| BFS-PD | Saul Centers | Company |
| BFC | Bank First National | Company |
| BFAFX | Bond Fund Of | Mutual Fund |
| BFEB | Innovator SP 500 | ETF |
Pair Trading with BFIT
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 BFIT 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 BFIT will appreciate offsetting losses from the drop in the long position's value.Moving against BFIT Etf
| 0.77 | INFL | Horizon Kinetics Inf | PairCorr |
| 0.6 | FDVV | Fidelity High Dividend | PairCorr |
| 0.58 | KROP | Global X AgTech | PairCorr |
| 0.56 | IVEG | iShares Emergent Food | PairCorr |
| 0.54 | VTV | Vanguard Value Index | PairCorr |
The ability to find closely correlated positions to BFIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BFIT 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 BFIT - 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 BFIT to buy it.
The correlation of BFIT 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 BFIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BFIT 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 BFIT 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 etf could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
BFIT technical etf analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, etf market cycles, or different charting patterns.