Austrian Traded Index Index Fundamentals
| ATX Index | 3,580 0.59 0.02% |
ATX.INDX fundamentals not found at this time
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Austrian Traded in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Austrian Traded's short interest history, or implied volatility extrapolated from Austrian Traded options trading.
Pair Trading with Austrian Traded
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 Austrian Traded 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 Austrian Traded will appreciate offsetting losses from the drop in the long position's value.Moving together with Austrian Index
| 0.72 | JD | JD Inc | PairCorr |
Moving against Austrian Index
| 0.64 | ABIN | Anheuser Busch InBev | PairCorr |
| 0.42 | ULVR | Unilever PLC | PairCorr |
The ability to find closely correlated positions to Austrian Traded could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Austrian Traded 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 Austrian Traded - 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 Austrian Traded Index to buy it.
The correlation of Austrian Traded 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 Austrian Traded moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Austrian Traded Index 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 Austrian Traded 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 index could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..