Transport Financial Statements From 2010 to 2024
| TCD Stock | 4,640 30.00 0.65% |
Check Transport financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Transport's main balance sheet or income statement drivers, such as , as well as many indicators such as . Transport financial statements analysis is a perfect complement when working with Transport Valuation or Volatility modules.
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About Transport Financial Statements
Transport investors utilize fundamental indicators, such as revenue or net income, to predict how Transport Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Pair Trading with Transport
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 Transport 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 Transport will appreciate offsetting losses from the drop in the long position's value.Moving together with Transport Stock
The ability to find closely correlated positions to Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transport 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 Transport - 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 Transport and Industry to buy it.
The correlation of Transport 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 Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transport and Industry 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 Transport 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 Transport Stock
Transport financial ratios help investors to determine whether Transport 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 Transport with respect to the benefits of owning Transport security.