New Stock Based Compensation To Revenue from 2010 to 2024
| NUAG Stock | CAD 1.76 0.01 0.56% |
Stock Based Compensation To Revenue | First Reported 2010-12-31 | Previous Quarter 412.71 | Current Value 366.85 | Quarterly Volatility 25.70673499 |
Check New Pacific financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Pacific's main balance sheet or income statement drivers, such as Depreciation And Amortization of 345.4 K, Interest Expense of 178.3 K or Selling General Administrative of 6.9 M, as well as many indicators such as Price To Sales Ratio of 564, Ptb Ratio of 4.73 or Days Sales Outstanding of 475. New financial statements analysis is a perfect complement when working with New Pacific Valuation or Volatility modules.
New | Stock Based Compensation To Revenue |
Pair Trading with New Pacific
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 New Pacific 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 New Pacific will appreciate offsetting losses from the drop in the long position's value.Moving together with New Stock
Moving against New Stock
| 0.49 | DBO | D Box Technologies | PairCorr |
| 0.48 | OM | Osisko Metals | PairCorr |
| 0.44 | MAC | Themac Resources | PairCorr |
| 0.42 | AQN-PD | Algonquin Power Utilities | PairCorr |
| 0.42 | QNC | Quantum Numbers | PairCorr |
The ability to find closely correlated positions to New Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Pacific 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 New Pacific - 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 New Pacific Metals to buy it.
The correlation of New Pacific 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 New Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Pacific Metals 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 New Pacific 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 the analysis of New Pacific Correlation against competitors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.