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