Broad Capital Acquisition Stock Gross Profit
Broad Capital Acquisition fundamentals help investors to digest information that contributes to Broad Capital's financial success or failures. It also enables traders to predict the movement of Broad Stock. The fundamental analysis module provides a way to measure Broad Capital's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Broad Capital stock.
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Broad Capital Acquisition Company Gross Profit Analysis
Broad Capital's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
CompetitionAccording to the company disclosure, Broad Capital Acquisition reported 0.0 of gross profit. This is 100.0% lower than that of the Industrials sector and about the same as Other (which currently averages 0.0) industry. The gross profit for all United States stocks is 100.0% higher than that of the company.
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Broad Fundamentals
| Return On Asset | -0.043 | |||
| Number Of Shares Shorted | 19.88 K | |||
| EBITDA | 142.52 K | |||
| Net Income | (513.92 K) | |||
| Total Debt | 3.66 M | |||
| Book Value Per Share | (1.30) X | |||
| Cash Flow From Operations | (1.77 M) | |||
| Beta | -0.008 | |||
| Total Asset | 50.82 M | |||
| Retained Earnings | (9.74 M) | |||
| Net Asset | 50.82 M |
Pair Trading with Broad Capital
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 Broad Capital 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 Broad Capital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Illinois Tool could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Illinois Tool 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 Illinois Tool - 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 Illinois Tool Works to buy it.
The correlation of Illinois Tool 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 Illinois Tool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Illinois Tool Works 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 Illinois Tool 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 main economic indicators. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in Broad Stock
If you are still planning to invest in Broad Capital Acquisition 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 Broad Capital's history and understand the potential risks before investing.
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