Dongbang Financial Statements From 2010 to 2024
| 004140 Stock | 2,310 15.00 0.65% |
Check Dongbang Transport financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Dongbang Transport's main balance sheet or income statement drivers, such as , as well as many indicators such as . Dongbang financial statements analysis is a perfect complement when working with Dongbang Transport Valuation or Volatility modules.
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About Dongbang Transport Financial Statements
Dongbang Transport stakeholders use historical fundamental indicators, such as Dongbang Transport's revenue or net income, to determine how well the company is positioned to perform in the future. Although Dongbang Transport investors may analyze each financial statement separately, they are all interrelated. For example, changes in Dongbang Transport's assets and liabilities are reflected in the revenues and expenses on Dongbang Transport's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Dongbang Transport Logistics. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Dongbang Transport
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 Dongbang Transport 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 Dongbang Transport will appreciate offsetting losses from the drop in the long position's value.Moving together with Dongbang Stock
Moving against Dongbang Stock
The ability to find closely correlated positions to Dongbang Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dongbang Transport 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 Dongbang Transport - 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 Dongbang Transport Logistics to buy it.
The correlation of Dongbang Transport 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 Dongbang Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dongbang Transport 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 Dongbang Transport 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.Other Information on Investing in Dongbang Stock
Dongbang Transport financial ratios help investors to determine whether Dongbang Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Dongbang with respect to the benefits of owning Dongbang Transport security.