UFG Financial Statements From 2010 to 2024
| UFG Stock | 1.07 0.03 2.73% |
Check UF Games financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among UF Games' main balance sheet or income statement drivers, such as , as well as many indicators such as . UFG financial statements analysis is a perfect complement when working with UF Games Valuation or Volatility modules.
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About UF Games Financial Statements
UF Games shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although UF Games investors may analyze each financial statement separately, they are all interrelated. The changes in UF Games' assets and liabilities, for example, are also reflected in the revenues and expenses on on UF Games' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Pair Trading with UF Games
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 UF Games 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 UF Games will appreciate offsetting losses from the drop in the long position's value.Moving together with UFG Stock
Moving against UFG Stock
| 0.77 | CEZ | CEZ as | PairCorr |
| 0.69 | DNP | Dino Polska SA | PairCorr |
| 0.52 | UCG | UniCredit SpA | PairCorr |
| 0.33 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to UF Games could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace UF Games 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 UF Games - 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 UF Games SA to buy it.
The correlation of UF Games 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 UF Games moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if UF Games SA 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 UF Games 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 UFG Stock Analysis
When running UF Games' price analysis, check to measure UF Games' 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 UF Games is operating at the current time. Most of UF Games' value examination focuses on studying past and present price action to predict the probability of UF Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UF Games' price. Additionally, you may evaluate how the addition of UF Games to your portfolios can decrease your overall portfolio volatility.