Central Debt Ratio from 2010 to 2024
Central Wireless Debt Ratio yearly trend continues to be relatively stable with very little volatility. Debt Ratio is likely to drop to 2.33. During the period from 2010 to 2024, Central Wireless Debt Ratio destribution of quarterly values had range of 1.1208 from its regression line and mean deviation of 0.19. View All Fundamentals
Check out the analysis of Central Wireless Correlation against competitors. To learn how to invest in Central Stock, please use our How to Invest in Central Wireless guide.
Debt Ratio | First Reported 2010-12-31 | Previous Quarter 2.45 | Current Value 2.33 | Quarterly Volatility 0.30188356 |
Check Central Wireless financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Central Wireless' main balance sheet or income statement drivers, such as Discontinued Operations of 0.0, Interest Expense of 0.0 or Selling General Administrative of 146.5 K, as well as many indicators such as Price To Sales Ratio of 3.42, Dividend Yield of 0.0 or Days Sales Outstanding of 308. Central financial statements analysis is a perfect complement when working with Central Wireless Valuation or Volatility modules.
Central | Debt Ratio |
Pair Trading with Central Wireless
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 Central Wireless 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 Central Wireless will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Central Wireless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Wireless 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 Central Wireless - 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 Central Wireless to buy it.
The correlation of Central Wireless 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 Central Wireless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Wireless 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 Central Wireless 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 Central Stock Analysis
When running Central Wireless' price analysis, check to measure Central Wireless' 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 Central Wireless is operating at the current time. Most of Central Wireless' value examination focuses on studying past and present price action to predict the probability of Central Wireless' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Wireless' price. Additionally, you may evaluate how the addition of Central Wireless to your portfolios can decrease your overall portfolio volatility.