T Rex Financial Statements From 2010 to 2026
| NVDQ Etf | 16.80 0.18 1.08% |
Check T Rex financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among T Rex's main balance sheet or income statement drivers, such as , as well as many indicators such as . NVDQ financial statements analysis is a perfect complement when working with T Rex Valuation or Volatility modules.
This module can also supplement various T Rex Technical models . Check out the analysis of T Rex Correlation against competitors. T Rex 2X Inverse ETF Price To Earning Analysis
T Rex's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Current T Rex Price To Earning | (12.09) X |
Most of T Rex's fundamental indicators, such as Price To Earning, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, T Rex 2X Inverse is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
| Competition |
Based on the latest financial disclosure, T Rex 2X Inverse has a Price To Earning of -12.09 times. This is much lower than that of the Health Care Equipment & Supplies family and significantly lower than that of the Trading--Inverse Equity category. The price to earning for all United States etfs is notably higher than that of the company.
About T Rex Financial Statements
T Rex shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although T Rex investors may analyze each financial statement separately, they are all interrelated. The changes in T Rex's assets and liabilities, for example, are also reflected in the revenues and expenses on on T Rex's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Novadaq Technologies Inc. develops, manufactures, and markets fluorescence imaging solutions for use by surgeons in the operating room and other clinical settings in the United States and internationally.
Pair Trading with T Rex
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 T Rex 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 T Rex will appreciate offsetting losses from the drop in the long position's value.Moving against NVDQ Etf
| 0.62 | VUG | Vanguard Growth Index | PairCorr |
| 0.42 | SPY | SPDR SP 500 | PairCorr |
| 0.42 | IVV | iShares Core SP | PairCorr |
| 0.4 | TOT | Advisor Managed Port | PairCorr |
| 0.38 | VTI | Vanguard Total Stock | PairCorr |
The ability to find closely correlated positions to T Rex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T Rex 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 T Rex - 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 T Rex 2X Inverse to buy it.
The correlation of T Rex 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 T Rex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if T Rex 2X 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 T Rex 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.Check out the analysis of T Rex Correlation against competitors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of T Rex 2X is measured differently than its book value, which is the value of NVDQ that is recorded on the company's balance sheet. Investors also form their own opinion of T Rex's value that differs from its market value or its book value, called intrinsic value, which is T Rex's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because T Rex's market value can be influenced by many factors that don't directly affect T Rex's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between T Rex's value and its price as these two are different measures arrived at by different means. Investors typically determine if T Rex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, T Rex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.