PROCTER Total Revenue from 2010 to 2024
| PG Stock | 30.03 0.70 2.28% |
Check PROCTER GAMBLE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PROCTER GAMBLE's main balance sheet or income statement drivers, such as , as well as many indicators such as . PROCTER financial statements analysis is a perfect complement when working with PROCTER GAMBLE Valuation or Volatility modules.
PROCTER |
Pair Trading with PROCTER GAMBLE
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 PROCTER GAMBLE 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 PROCTER GAMBLE will appreciate offsetting losses from the drop in the long position's value.Moving against PROCTER Stock
The ability to find closely correlated positions to PROCTER GAMBLE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PROCTER GAMBLE 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 PROCTER GAMBLE - 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 PROCTER GAMBLE CDR to buy it.
The correlation of PROCTER GAMBLE 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 PROCTER GAMBLE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PROCTER GAMBLE CDR 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 PROCTER GAMBLE 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 PROCTER Stock
PROCTER GAMBLE financial ratios help investors to determine whether PROCTER Stock 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 PROCTER with respect to the benefits of owning PROCTER GAMBLE security.