| GBBKR Stock | | | USD 0.11 0.01 10.00% |
Global Blockchain financial statements provide useful quarterly and yearly information to potential Global Blockchain Acquisition investors about the company's current and past financial position, as well as its overall
management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Global Blockchain financial statements helps investors assess Global Blockchain's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Global Blockchain's valuation are summarized below:
Quarterly Earnings Growth |
Global Blockchain Acquisition does not presently have any fundamental trends for analysis.
Check out the analysis of
Global Blockchain Correlation against competitors.
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Global Fundamental Market Drivers
| Cash And Short Term Investments | 305.8 K |
About Global Blockchain Financial Statements
Global Blockchain shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Global Blockchain investors may analyze each financial statement separately, they are all interrelated. The changes in Global Blockchain's assets and liabilities, for example, are also reflected in the revenues and expenses on on Global Blockchain's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our
fundamental analysis page.
| | Last Reported | Projected for Next Year |
Pair Trading with Global Blockchain
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 Global Blockchain 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 Global Blockchain will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Global Blockchain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Blockchain 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 Global Blockchain - 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 Global Blockchain Acquisition to buy it.
The correlation of Global Blockchain 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 Global Blockchain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Blockchain 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 Global Blockchain 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 Global Stock Analysis
When running Global Blockchain's price analysis, check to
measure Global Blockchain's 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 Global Blockchain is operating at the current time. Most of Global Blockchain's value examination focuses on studying past and present price action to
predict the probability of Global Blockchain's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Blockchain's price. Additionally, you may evaluate how the addition of Global Blockchain to your portfolios can decrease your overall portfolio volatility.