Etex Financial Statements From 2010 to 2024
| BE0941244536 | EUR 15.00 0.50 3.45% |
Check Etex SA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Etex SA's main balance sheet or income statement drivers, such as , as well as many indicators such as . Etex financial statements analysis is a perfect complement when working with Etex SA Valuation or Volatility modules.
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About Etex SA Financial Statements
Etex SA stakeholders use historical fundamental indicators, such as Etex SA's revenue or net income, to determine how well the company is positioned to perform in the future. Although Etex SA investors may analyze each financial statement separately, they are all interrelated. For example, changes in Etex SA's assets and liabilities are reflected in the revenues and expenses on Etex SA'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 Etex SA. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Etex 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 Etex 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 Etex SA will appreciate offsetting losses from the drop in the long position's value.Moving against Etex Stock
| 0.6 | UCB | UCB SA | PairCorr |
| 0.58 | ARGX | Argen X | PairCorr |
| 0.54 | ACKB | Ackermans Van Haaren | PairCorr |
| 0.35 | SOLB | Solvay SA | PairCorr |
The ability to find closely correlated positions to Etex 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 Etex 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 Etex 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 Etex SA to buy it.
The correlation of Etex 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 Etex SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etex 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 Etex 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.Other Information on Investing in Etex Stock
Etex SA financial ratios help investors to determine whether Etex 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 Etex with respect to the benefits of owning Etex SA security.