Bukit Book Value Per Share vs Income Quality Analysis
| BUJAR Stock | 0.10 0.00 0.00% |
Bukit Jalil financial indicator trend analysis is way more than just evaluating Bukit Jalil Global prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bukit Jalil Global is a good investment. Please check the relationship between Bukit Jalil Book Value Per Share and its Income Quality accounts. 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 nation.
Book Value Per Share vs Income Quality
Book Value Per Share vs Income Quality Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bukit Jalil Global Book Value Per Share account and Income Quality. At this time, the significance of the direction appears to have strong relationship.
The correlation between Bukit Jalil's Book Value Per Share and Income Quality is 0.72. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Income Quality in the same time period over historical financial statements of Bukit Jalil Global, assuming nothing else is changed. The correlation between historical values of Bukit Jalil's Book Value Per Share and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Bukit Jalil Global are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Book Value Per Share i.e., Bukit Jalil's Book Value Per Share and Income Quality go up and down completely randomly.
Correlation Coefficient | 0.72 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Income Quality
An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.Pair Trading with Bukit Jalil
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 Bukit Jalil 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 Bukit Jalil will appreciate offsetting losses from the drop in the long position's value.Moving against Bukit Stock
| 0.77 | EURK | Eureka Acquisition Corp | PairCorr |
| 0.72 | DTSQ | DT Cloud Star | PairCorr |
| 0.71 | EVGR | Evergreen Corp | PairCorr |
| 0.69 | DSAQ | Direct Selling Acqui | PairCorr |
| 0.65 | DUET | DUET Acquisition Corp | PairCorr |
The ability to find closely correlated positions to Bukit Jalil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bukit Jalil 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 Bukit Jalil - 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 Bukit Jalil Global to buy it.
The correlation of Bukit Jalil 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 Bukit Jalil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bukit Jalil Global 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 Bukit Jalil 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 Bukit Stock Analysis
When running Bukit Jalil's price analysis, check to measure Bukit Jalil'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 Bukit Jalil is operating at the current time. Most of Bukit Jalil's value examination focuses on studying past and present price action to predict the probability of Bukit Jalil's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bukit Jalil's price. Additionally, you may evaluate how the addition of Bukit Jalil to your portfolios can decrease your overall portfolio volatility.