Prime Operating Profit Margin from 2010 to 2024
Check Prime Dividend financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Prime Dividend's main balance sheet or income statement drivers, such as , as well as many indicators such as . Prime financial statements analysis is a perfect complement when working with Prime Dividend Valuation or Volatility modules.
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Pair Trading with Prime Dividend
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 Prime Dividend 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 Prime Dividend will appreciate offsetting losses from the drop in the long position's value.Moving against Prime Stock
| 0.91 | AEMC | Alaska Energy Metals | PairCorr |
| 0.79 | EOG | Eco Atlantic Oil | PairCorr |
| 0.68 | CMC | Cielo Waste Solutions | PairCorr |
The ability to find closely correlated positions to International Game could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Game 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 International Game - 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 International Game Technology to buy it.
The correlation of International Game 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 International Game moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Game 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 International Game 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 Your Equity Center 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Other Tools for Prime Stock
When running Prime Dividend's price analysis, check to measure Prime Dividend'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 Prime Dividend is operating at the current time. Most of Prime Dividend's value examination focuses on studying past and present price action to predict the probability of Prime Dividend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prime Dividend's price. Additionally, you may evaluate how the addition of Prime Dividend to your portfolios can decrease your overall portfolio volatility.
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