Supernova Current Deferred Revenue from 2010 to 2024
| SPRN Stock | USD 0.0003 0.00 0.00% |
Check Supernova Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Supernova Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . Supernova financial statements analysis is a perfect complement when working with Supernova Energy Valuation or Volatility modules.
Supernova |
Pair Trading with Supernova Energy
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 Supernova Energy 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 Supernova Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Supernova Pink Sheet
| 0.78 | EPGG | Empire Global Gaming | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.65 | TPDDF | Talon Energy | PairCorr |
| 0.64 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.61 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
The ability to find closely correlated positions to Supernova Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Supernova Energy 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 Supernova Energy - 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 Supernova Energy to buy it.
The correlation of Supernova Energy 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 Supernova Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Supernova 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 Supernova Energy 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 Supernova Pink Sheet
Supernova Energy financial ratios help investors to determine whether Supernova 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 Supernova with respect to the benefits of owning Supernova Energy security.