New Financial Statements From 2010 to 2026
| NSLPQ Stock | USD 0.0001 0.00 0.00% |
Check New Source financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among New Source's main balance sheet or income statement drivers, such as , as well as many indicators such as . New financial statements analysis is a perfect complement when working with New Source Valuation or Volatility modules.
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Pair Trading with New Source
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 New Source 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 New Source will appreciate offsetting losses from the drop in the long position's value.Moving against New Pink Sheet
| 0.91 | FMCB | Farmers Merchants Bancorp Earnings Call Today | PairCorr |
| 0.84 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.83 | AA | Alcoa Corp | PairCorr |
| 0.74 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.74 | MRK | Merck Company Earnings Call Today | PairCorr |
The ability to find closely correlated positions to New Source could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Source 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 New Source - 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 New Source Energy to buy it.
The correlation of New Source 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 New Source moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Source Energy 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 New Source 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 New Pink Sheet Analysis
When running New Source's price analysis, check to measure New Source'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 New Source is operating at the current time. Most of New Source's value examination focuses on studying past and present price action to predict the probability of New Source's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move New Source's price. Additionally, you may evaluate how the addition of New Source to your portfolios can decrease your overall portfolio volatility.