BooKook Financial Statements From 2010 to 2024
| 026940 Stock | 2,435 10.00 0.41% |
Check BooKook Steel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BooKook Steel's main balance sheet or income statement drivers, such as , as well as many indicators such as . BooKook financial statements analysis is a perfect complement when working with BooKook Steel Valuation or Volatility modules.
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About BooKook Steel Financial Statements
BooKook Steel stakeholders use historical fundamental indicators, such as BooKook Steel's revenue or net income, to determine how well the company is positioned to perform in the future. Although BooKook Steel investors may analyze each financial statement separately, they are all interrelated. For example, changes in BooKook Steel's assets and liabilities are reflected in the revenues and expenses on BooKook Steel's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in BooKook Steel Co. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with BooKook Steel
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 BooKook Steel 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 BooKook Steel will appreciate offsetting losses from the drop in the long position's value.Moving together with BooKook Stock
The ability to find closely correlated positions to BooKook Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BooKook Steel 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 BooKook Steel - 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 BooKook Steel Co to buy it.
The correlation of BooKook Steel 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 BooKook Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BooKook Steel 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 BooKook Steel 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 BooKook Stock
BooKook Steel financial ratios help investors to determine whether BooKook Stock 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 BooKook with respect to the benefits of owning BooKook Steel security.