NSTAR Total Revenue from 2010 to 2024
| NSARO Stock | USD 84.00 0.50 0.60% |
Check NSTAR Electric financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NSTAR Electric's main balance sheet or income statement drivers, such as , as well as many indicators such as . NSTAR financial statements analysis is a perfect complement when working with NSTAR Electric Valuation or Volatility modules.
NSTAR |
Pair Trading with NSTAR Electric
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 NSTAR Electric 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 NSTAR Electric will appreciate offsetting losses from the drop in the long position's value.Moving against NSTAR Pink Sheet
| 0.81 | NGG | National Grid PLC | PairCorr |
| 0.77 | BKRKY | Bank Rakyat | PairCorr |
| 0.77 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.76 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | NGGTF | National Grid plc | PairCorr |
The ability to find closely correlated positions to NSTAR Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NSTAR Electric 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 NSTAR Electric - 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 NSTAR Electric to buy it.
The correlation of NSTAR Electric 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 NSTAR Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NSTAR Electric 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 NSTAR Electric 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 NSTAR Pink Sheet
NSTAR Electric financial ratios help investors to determine whether NSTAR 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 NSTAR with respect to the benefits of owning NSTAR Electric security.