Collective Graham Net Net from 2010 to 2025
| CNL Stock | CAD 20.71 0.04 0.19% |
Graham Net Net | First Reported 2010-12-31 | Previous Quarter 0.48907347 | Current Value 0.51 | Quarterly Volatility 0.17420936 |
Check Collective Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Collective Mining's main balance sheet or income statement drivers, such as Depreciation And Amortization of 204.1 K, Interest Expense of 31.1 K or Selling General Administrative of 4.3 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 12.53. Collective financial statements analysis is a perfect complement when working with Collective Mining Valuation or Volatility modules.
Collective | Graham Net Net |
Pair Trading with Collective Mining
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 Collective Mining 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 Collective Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Collective Stock
Moving against Collective Stock
The ability to find closely correlated positions to Collective Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Collective Mining 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 Collective Mining - 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 Collective Mining to buy it.
The correlation of Collective Mining 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 Collective Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Collective Mining 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 Collective Mining 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.Check out the analysis of Collective Mining Correlation against competitors. To learn how to invest in Collective Stock, please use our How to Invest in Collective Mining guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.