Nacel Financial Statements From 2010 to 2026
| NCEN Stock | USD 0.0001 0.00 0.00% |
Check Nacel Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nacel Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . Nacel financial statements analysis is a perfect complement when working with Nacel Energy Valuation or Volatility modules.
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Pair Trading with Nacel Energy
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 Nacel Energy 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 Nacel Energy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nacel Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nacel Energy 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 Nacel Energy - 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 Nacel Energy Corp to buy it.
The correlation of Nacel Energy 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 Nacel Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nacel Energy Corp 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 Nacel Energy 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 Nacel Pink Sheet
Nacel Energy financial ratios help investors to determine whether Nacel Pink Sheet 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 Nacel with respect to the benefits of owning Nacel Energy security.