Kohinoor Financial Statements From 2010 to 2024
| KOIL Stock | 8.10 0.09 1.12% |
Check Kohinoor Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Kohinoor Industries' main balance sheet or income statement drivers, such as , as well as many indicators such as . Kohinoor financial statements analysis is a perfect complement when working with Kohinoor Industries Valuation or Volatility modules.
Kohinoor |
About Kohinoor Industries Financial Statements
Kohinoor Industries stakeholders use historical fundamental indicators, such as Kohinoor Industries' revenue or net income, to determine how well the company is positioned to perform in the future. Although Kohinoor Industries investors may analyze each financial statement separately, they are all interrelated. For example, changes in Kohinoor Industries' assets and liabilities are reflected in the revenues and expenses on Kohinoor Industries' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Kohinoor Industries. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Kohinoor Industries
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 Kohinoor Industries 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 Kohinoor Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Kohinoor Stock
| 0.74 | THCCL | Thatta Cement | PairCorr |
| 0.63 | MARI | Mari Petroleum Split | PairCorr |
| 0.59 | REWM | Reliance Weaving Mills | PairCorr |
| 0.45 | FFL | Fauji Foods | PairCorr |
| 0.33 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Kohinoor Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kohinoor Industries 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 Kohinoor Industries - 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 Kohinoor Industries to buy it.
The correlation of Kohinoor Industries 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 Kohinoor Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kohinoor Industries 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 Kohinoor Industries 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 Kohinoor Stock
Kohinoor Industries financial ratios help investors to determine whether Kohinoor 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 Kohinoor with respect to the benefits of owning Kohinoor Industries security.