Bynordic Other Assets from 2010 to 2025
BYNODelisted Stock | USD 11.15 0.00 0.00% |
Check Bynordic Acquisition financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bynordic Acquisition's main balance sheet or income statement drivers, such as , as well as many indicators such as . Bynordic financial statements analysis is a perfect complement when working with Bynordic Acquisition Valuation or Volatility modules.
Bynordic |
About Bynordic Acquisition Financial Statements
Bynordic Acquisition investors utilize fundamental indicators, such as Other Assets, to predict how Bynordic Pink Sheet might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
byNordic Acquisition Corporation does not have significant operations. The company was incorporated in 2019 and is based in Malm, Sweden. Bynordic Acquisition is traded on NASDAQ Exchange in the United States.
Pair Trading with Bynordic Acquisition
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 Bynordic Acquisition 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 Bynordic Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against Bynordic Pink Sheet
0.96 | EURKU | Eureka Acquisition Corp | PairCorr |
0.75 | MBAVW | M3 Brigade Acquisition | PairCorr |
0.69 | MBAV | M3 Brigade Acquisition | PairCorr |
0.62 | DYCQ | DT Cloud Acquisition | PairCorr |
0.54 | DTSQ | DT Cloud Star | PairCorr |
The ability to find closely correlated positions to Bynordic Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bynordic Acquisition 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 Bynordic Acquisition - 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 Bynordic Acquisition Corp to buy it.
The correlation of Bynordic Acquisition 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 Bynordic Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bynordic Acquisition Corp 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 Bynordic Acquisition 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Other Consideration for investing in Bynordic Pink Sheet
If you are still planning to invest in Bynordic Acquisition Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Bynordic Acquisition's history and understand the potential risks before investing.
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