NewtekOne, Total Assets from 2010 to 2025
| NEWTP Stock | 22.85 0.08 0.35% |
Total Assets | First Reported 2000-06-30 | Previous Quarter 2.1 B | Current Value 2.4 B | Quarterly Volatility 517 M |
Check NewtekOne, Depositary financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NewtekOne, Depositary's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.9 M, Total Revenue of 334.8 M or Gross Profit of 222.1 M, as well as many indicators such as Price To Sales Ratio of 0.91, Dividend Yield of 0.0013 or PTB Ratio of 2.07. NewtekOne, financial statements analysis is a perfect complement when working with NewtekOne, Depositary Valuation or Volatility modules.
NewtekOne, | Total Assets | Build AI portfolio with NewtekOne, Stock |
Pair Trading with NewtekOne, Depositary
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 NewtekOne, Depositary 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 NewtekOne, Depositary will appreciate offsetting losses from the drop in the long position's value.Moving against NewtekOne, Stock
| 0.74 | NBBK | NB Bancorp, Common | PairCorr |
| 0.7 | FBLA | FB Bancorp, Common | PairCorr |
| 0.68 | SRBK | SR Bancorp, Common | PairCorr |
| 0.64 | OBK | Origin Bancorp, | PairCorr |
| 0.56 | CBNA | Chain Bridge Bancorp, | PairCorr |
The ability to find closely correlated positions to NewtekOne, Depositary could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NewtekOne, Depositary 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 NewtekOne, Depositary - 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 NewtekOne, Depositary Shares, to buy it.
The correlation of NewtekOne, Depositary 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 NewtekOne, Depositary moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NewtekOne, Depositary 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 NewtekOne, Depositary 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 NewtekOne, Stock Analysis
When running NewtekOne, Depositary's price analysis, check to measure NewtekOne, Depositary'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 NewtekOne, Depositary is operating at the current time. Most of NewtekOne, Depositary's value examination focuses on studying past and present price action to predict the probability of NewtekOne, Depositary's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewtekOne, Depositary's price. Additionally, you may evaluate how the addition of NewtekOne, Depositary to your portfolios can decrease your overall portfolio volatility.