Tata Financial Statements From 2010 to 2024
| TATM Stock | 46.22 2.95 6.00% |
Check Tata Textile financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tata Textile's main balance sheet or income statement drivers, such as , as well as many indicators such as . Tata financial statements analysis is a perfect complement when working with Tata Textile Valuation or Volatility modules.
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About Tata Textile Financial Statements
Tata Textile stakeholders use historical fundamental indicators, such as Tata Textile's revenue or net income, to determine how well the company is positioned to perform in the future. Although Tata Textile investors may analyze each financial statement separately, they are all interrelated. For example, changes in Tata Textile's assets and liabilities are reflected in the revenues and expenses on Tata Textile's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Tata Textile Mills. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Tata Textile
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 Tata Textile 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 Tata Textile will appreciate offsetting losses from the drop in the long position's value.Moving together with Tata Stock
Moving against Tata Stock
| 0.84 | THCCL | Thatta Cement | PairCorr |
| 0.74 | FFL | Fauji Foods | PairCorr |
| 0.64 | MARI | Mari Petroleum Split | PairCorr |
| 0.62 | REWM | Reliance Weaving Mills | PairCorr |
| 0.47 | KAPCO | KOT Addu Power | PairCorr |
The ability to find closely correlated positions to Tata Textile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tata Textile 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 Tata Textile - 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 Tata Textile Mills to buy it.
The correlation of Tata Textile 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 Tata Textile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tata Textile Mills 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 Tata Textile 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 Tata Stock
Tata Textile financial ratios help investors to determine whether Tata 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 Tata with respect to the benefits of owning Tata Textile security.