Nickel Total Liab from 2010 to 2024
| NCP Stock | CAD 0.84 0.00 0.00% |
Total Liabilities | First Reported 2006-12-31 | Previous Quarter 853.8 K | Current Value 879.4 K | Quarterly Volatility 2 M |
Check Nickel Creek financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nickel Creek's main balance sheet or income statement drivers, such as Interest Expense of 5.2 K, Selling General Administrative of 1.1 M or Other Operating Expenses of 2.3 M, as well as many indicators such as Price To Sales Ratio of 144.5 K, Dividend Yield of 0.0 or PTB Ratio of 19.53. Nickel financial statements analysis is a perfect complement when working with Nickel Creek Valuation or Volatility modules.
Nickel | Total Liab |
Pair Trading with Nickel Creek
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 Nickel Creek 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 Nickel Creek will appreciate offsetting losses from the drop in the long position's value.Moving against Nickel Stock
| 0.77 | RY | Royal Bank | PairCorr |
| 0.54 | IE | Ivanhoe Energy | PairCorr |
| 0.49 | FDY | Faraday Copper Corp | PairCorr |
| 0.43 | AG | First Majestic Silver | PairCorr |
| 0.42 | RY-PJ | Royal Bank | PairCorr |
The ability to find closely correlated positions to Nickel Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nickel Creek 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 Nickel Creek - 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 Nickel Creek Platinum to buy it.
The correlation of Nickel Creek 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 Nickel Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nickel Creek Platinum 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 Nickel Creek 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 Nickel Stock
Nickel Creek financial ratios help investors to determine whether Nickel 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 Nickel with respect to the benefits of owning Nickel Creek security.