NanoXplore Property Plant And Equipment Net from 2010 to 2024
| GRA Stock | 2.25 0.02 0.88% |
Property Plant And Equipment Net | First Reported 1997-12-31 | Previous Quarter 71.8 M | Current Value 72.3 M | Quarterly Volatility 27 M |
Check NanoXplore financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NanoXplore's main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.7 M, Interest Expense of 1.5 M or Total Revenue of 130.5 M, as well as many indicators such as Price To Sales Ratio of 15.43, Dividend Yield of 0.0 or PTB Ratio of 342. NanoXplore financial statements analysis is a perfect complement when working with NanoXplore Valuation or Volatility modules.
NanoXplore | Property Plant And Equipment Net |
Pair Trading with NanoXplore
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 NanoXplore 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 NanoXplore will appreciate offsetting losses from the drop in the long position's value.Moving together with NanoXplore Stock
The ability to find closely correlated positions to NanoXplore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NanoXplore 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 NanoXplore - 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 NanoXplore to buy it.
The correlation of NanoXplore 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 NanoXplore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NanoXplore 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 NanoXplore 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 NanoXplore Stock
NanoXplore financial ratios help investors to determine whether NanoXplore 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 NanoXplore with respect to the benefits of owning NanoXplore security.