Blue Cash Ratio from 2010 to 2024

BOCN Stock  USD 13.16  2.44  22.76%   
Blue Ocean Cash Ratio yearly trend continues to be very stable with very little volatility. Cash Ratio is likely to drop to 0.01. During the period from 2010 to 2024, Blue Ocean Cash Ratio quarterly data regression pattern had sample variance of  7.61 and median of  6.96. View All Fundamentals
 
Cash Ratio  
First Reported
2010-12-31
Previous Quarter
0.01430351
Current Value
0.0136
Quarterly Volatility
2.75875179
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Blue Ocean financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Blue Ocean's main balance sheet or income statement drivers, such as Depreciation And Amortization of 9 M, Interest Expense of 15 K or Selling General Administrative of 2.1 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 4.02. Blue financial statements analysis is a perfect complement when working with Blue Ocean Valuation or Volatility modules.
  
Check out the analysis of Blue Ocean Correlation against competitors.

Pair Trading with Blue Ocean

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 Blue Ocean 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 Blue Ocean will appreciate offsetting losses from the drop in the long position's value.

Moving against Blue Stock

  0.31DB Deutsche Bank AGPairCorr
The ability to find closely correlated positions to Blue Ocean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Ocean 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 Blue Ocean - 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 Blue Ocean Acquisition to buy it.
The correlation of Blue Ocean 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 Blue Ocean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Ocean Acquisition 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 Blue Ocean 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Blue Stock

Blue Ocean financial ratios help investors to determine whether Blue 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 Blue with respect to the benefits of owning Blue Ocean security.