Oxford Biomedica Plc Stock Statistic Functions Beta
| OXBDF Stock | USD 3.79 0.88 30.24% |
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The output start index for this execution was five with a total number of output elements of fifty-six. The Beta measures systematic risk based on how returns on Oxford Biomedica plc correlated with the market. If Beta is less than 0 Oxford Biomedica generally moves in the opposite direction as compared to the market. If Oxford Biomedica Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Oxford Biomedica plc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Oxford Biomedica is generally in the same direction as the market. If Beta > 1 Oxford Biomedica moves generally in the same direction as, but more than the movement of the benchmark.
Oxford Biomedica Technical Analysis Modules
Most technical analysis of Oxford Biomedica 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 Oxford from various momentum indicators to cycle indicators. When you analyze Oxford 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.| Cycle Indicators | ||
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About Oxford Biomedica Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Oxford Biomedica plc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Oxford Biomedica plc based on widely used predictive technical indicators. In general, we focus on analyzing Oxford Pink Sheet price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Oxford Biomedica's daily price indicators and compare them against related drivers, such as statistic functions and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Oxford Biomedica's intrinsic value. In addition to deriving basic predictive indicators for Oxford Biomedica, we also check how macroeconomic factors affect Oxford Biomedica price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Oxford Biomedica's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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Oxford Biomedica plc 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 Oxford Biomedica 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 Oxford Biomedica will appreciate offsetting losses from the drop in the long position's value.Oxford Biomedica Pair Trading
Oxford Biomedica plc Pair Trading Analysis
The ability to find closely correlated positions to Oxford Biomedica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oxford Biomedica 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 Oxford Biomedica - 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 Oxford Biomedica plc to buy it.
The correlation of Oxford Biomedica 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 Oxford Biomedica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oxford Biomedica plc 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 Oxford Biomedica 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oxford Biomedica plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. Note that the Oxford Biomedica plc information on this page should be used as a complementary analysis to other Oxford Biomedica'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 the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Oxford Pink Sheet analysis
When running Oxford Biomedica's price analysis, check to measure Oxford Biomedica'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 Oxford Biomedica is operating at the current time. Most of Oxford Biomedica's value examination focuses on studying past and present price action to predict the probability of Oxford Biomedica's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oxford Biomedica's price. Additionally, you may evaluate how the addition of Oxford Biomedica to your portfolios can decrease your overall portfolio volatility.
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