Axim Market Capitalization from 2010 to 2024
| AXIM Stock | USD 0.01 0 6.25% |
Check Axim Biotechnologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Axim main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Axim financial statements analysis is a perfect complement when working with Axim Biotechnologies Valuation or Volatility modules.
Axim |
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 Axim Biotechnologies 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, Axim Biotechnologies' short interest history, or implied volatility extrapolated from Axim Biotechnologies options trading.
Pair Trading with Axim Biotechnologies
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 Axim Biotechnologies 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 Axim Biotechnologies will appreciate offsetting losses from the drop in the long position's value.Moving together with Axim OTC Stock
| 0.66 | APAC | Stonebridge Acquisition Symbol Change | PairCorr |
Moving against Axim OTC Stock
| 0.86 | CE | Celanese Financial Report 14th of May 2024 | PairCorr |
| 0.86 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.83 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.82 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.81 | MDH | MDH Acquisition Corp | PairCorr |
The ability to find closely correlated positions to Axim Biotechnologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axim Biotechnologies 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 Axim Biotechnologies - 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 Axim Biotechnologies to buy it.
The correlation of Axim Biotechnologies 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 Axim Biotechnologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axim Biotechnologies 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 Axim Biotechnologies 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 the analysis of Axim Biotechnologies Correlation against competitors. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Axim OTC Stock analysis
When running Axim Biotechnologies' price analysis, check to measure Axim Biotechnologies' 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 Axim Biotechnologies is operating at the current time. Most of Axim Biotechnologies' value examination focuses on studying past and present price action to predict the probability of Axim Biotechnologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Axim Biotechnologies' price. Additionally, you may evaluate how the addition of Axim Biotechnologies to your portfolios can decrease your overall portfolio volatility.
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