Nexxen International Ownership
| NEXN Stock | 10.39 0.48 4.84% |
Nexxen |
Nexxen Pink Sheet Ownership Analysis
The company has price-to-book ratio of 1.25. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Nexxen International had not issued any dividends in recent years. The quote for Nexxen International is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To find out more about Nexxen International contact Ofer Druker at 972 3 545 3900 or learn more at https://nexxen.com.Pair Trading with Nexxen International
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 Nexxen International 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 Nexxen International will appreciate offsetting losses from the drop in the long position's value.Moving against Nexxen Pink Sheet
| 0.77 | ABLV | Able View Global | PairCorr |
| 0.7 | SWAG | Software Acquisition | PairCorr |
| 0.56 | ABLVW | Able View Global | PairCorr |
| 0.51 | OMC | Omnicom Group | PairCorr |
| 0.48 | MGOL | MGO Global Common | PairCorr |
The ability to find closely correlated positions to Nexxen International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nexxen International 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 Nexxen International - 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 Nexxen International to buy it.
The correlation of Nexxen International 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 Nexxen International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nexxen International 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 Nexxen International 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.Other Information on Investing in Nexxen Pink Sheet
Nexxen International financial ratios help investors to determine whether Nexxen Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nexxen with respect to the benefits of owning Nexxen International security.