Hanshin Financial Statements From 2010 to 2024
| 004960 Stock | 6,890 90.00 1.29% |
Check Hanshin Construction financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hanshin Construction's main balance sheet or income statement drivers, such as , as well as many indicators such as . Hanshin financial statements analysis is a perfect complement when working with Hanshin Construction Valuation or Volatility modules.
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About Hanshin Construction Financial Statements
Hanshin Construction stakeholders use historical fundamental indicators, such as Hanshin Construction's revenue or net income, to determine how well the company is positioned to perform in the future. Although Hanshin Construction investors may analyze each financial statement separately, they are all interrelated. For example, changes in Hanshin Construction's assets and liabilities are reflected in the revenues and expenses on Hanshin Construction'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 Hanshin Construction Co. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Hanshin Construction
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 Hanshin Construction 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 Hanshin Construction will appreciate offsetting losses from the drop in the long position's value.Moving against Hanshin Stock
The ability to find closely correlated positions to Hanshin Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hanshin Construction 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 Hanshin Construction - 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 Hanshin Construction Co to buy it.
The correlation of Hanshin Construction 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 Hanshin Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hanshin Construction 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 Hanshin Construction 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 Hanshin Stock
Hanshin Construction financial ratios help investors to determine whether Hanshin 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 Hanshin with respect to the benefits of owning Hanshin Construction security.