Hites SA Earnings Estimate
Hites SA Earnings per Share Projection vs Actual
About Hites SA Earnings Estimate
The earnings estimate module is a useful tool to check what professional financial analysts are assuming about the future of Hites SA earnings. We show available consensus EPS estimates for the upcoming years and quarters. Investors can also examine how these consensus opinions have evolved historically. We show current Hites SA estimates, future projections, as well as estimates 1, 2, and three years ago. Investors can search for a specific entity to conduct investment planning and build diversified portfolios. Please note, earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock such as Hites SA fails to match professional earnings estimates, it usually performs purely. Wall Street refers to that as a 'negative surprise.' If a company 'beats' future estimates, it's usually called an 'upside surprise.'
Please read more on our stock advisor page.Empresas Hites S.A. engages in the retail business in Chile. Empresas Hites S.A. was founded in 1940 and is based in Santiago, Chile. EMPRESAS HITES is traded on Commodity Exchange in Exotistan.
Pair Trading with Hites SA
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 Hites SA 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 Hites SA will appreciate offsetting losses from the drop in the long position's value.Moving against Hites Stock
| 0.95 | ENLASA | Energia Latina SA | PairCorr |
| 0.91 | AFPCAPITAL | AFP Capital SA | PairCorr |
| 0.41 | AAISA | Administradora Americana | PairCorr |
The ability to find closely correlated positions to Hites SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hites SA 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 Hites SA - 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 Hites SA to buy it.
The correlation of Hites SA 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 Hites SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hites 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 Hites SA 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 Hites Stock Analysis
When running Hites SA's price analysis, check to measure Hites SA'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 Hites SA is operating at the current time. Most of Hites SA's value examination focuses on studying past and present price action to predict the probability of Hites SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hites SA's price. Additionally, you may evaluate how the addition of Hites SA to your portfolios can decrease your overall portfolio volatility.