Progate Financial Statements From 2010 to 2024
| 8227 Stock | 162.50 4.50 2.69% |
Check Progate financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Progate's main balance sheet or income statement drivers, such as , as well as many indicators such as . Progate financial statements analysis is a perfect complement when working with Progate Valuation or Volatility modules.
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About Progate Financial Statements
Progate investors use historical fundamental indicators, such as Progate's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Progate. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Progate
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 Progate 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 Progate will appreciate offsetting losses from the drop in the long position's value.Moving together with Progate Stock
Moving against Progate Stock
| 0.8 | 8935 | Pontex Polyblend CoLtd | PairCorr |
| 0.45 | 2321 | Tecom | PairCorr |
| 0.43 | 2454 | MediaTek | PairCorr |
| 0.41 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.36 | 2317 | Hon Hai Precision | PairCorr |
The ability to find closely correlated positions to Progate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Progate 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 Progate - 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 Progate Group to buy it.
The correlation of Progate 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 Progate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Progate Group 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 Progate 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.Additional Tools for Progate Stock Analysis
When running Progate's price analysis, check to measure Progate'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 Progate is operating at the current time. Most of Progate's value examination focuses on studying past and present price action to predict the probability of Progate's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Progate's price. Additionally, you may evaluate how the addition of Progate to your portfolios can decrease your overall portfolio volatility.