Ninepoint Canadian Financial Statements From 2010 to 2026
| CQHI Etf | 11.20 0.05 0.45% |
Check Ninepoint Canadian financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ninepoint Canadian's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ninepoint financial statements analysis is a perfect complement when working with Ninepoint Canadian Valuation or Volatility modules.
Ninepoint |
Pair Trading with Ninepoint Canadian
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 Ninepoint Canadian 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 Ninepoint Canadian will appreciate offsetting losses from the drop in the long position's value.Moving against Ninepoint Etf
| 0.85 | HED | BetaPro SPTSX Capped | PairCorr |
| 0.42 | HBLK | Blockchain Technologies | PairCorr |
| 0.35 | HXD | BetaPro SPTSX 60 | PairCorr |
The ability to find closely correlated positions to Ninepoint Canadian could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ninepoint Canadian 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 Ninepoint Canadian - 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 Ninepoint Canadian Natural to buy it.
The correlation of Ninepoint Canadian 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 Ninepoint Canadian moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ninepoint Canadian 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 Ninepoint Canadian 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 Ninepoint Etf
Ninepoint Canadian financial ratios help investors to determine whether Ninepoint Etf 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 Ninepoint with respect to the benefits of owning Ninepoint Canadian security.