Thumzup Price to Sales Ratio from 2010 to 2024
| TZUP Stock | USD 4.41 0.36 8.89% |
Check Thumzup Media financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thumzup Media's main balance sheet or income statement drivers, such as , as well as many indicators such as . Thumzup financial statements analysis is a perfect complement when working with Thumzup Media Valuation or Volatility modules.
Thumzup |
About Thumzup Media Financial Statements
Thumzup Media shareholders use historical fundamental indicators, such as Price to Sales Ratio, to determine how well the company is positioned to perform in the future. Although Thumzup Media investors may analyze each financial statement separately, they are all interrelated. The changes in Thumzup Media's assets and liabilities, for example, are also reflected in the revenues and expenses on on Thumzup Media's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Thumzup Media Corporation, a software company, engages in building an influencer community around its mobile app. The company was incorporated in 2019 and is headquartered in Carson City, Nevada. Thumzup Media operates under Advertising Agencies classification in the United States and is traded on OTC Exchange. It employs 1 people.
Pair Trading with Thumzup Media
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 Thumzup Media 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 Thumzup Media will appreciate offsetting losses from the drop in the long position's value.Moving together with Thumzup OTC Stock
Moving against Thumzup OTC Stock
| 0.73 | EA | Electronic Arts | PairCorr |
| 0.7 | ZD | Ziff Davis | PairCorr |
| 0.7 | EB | Eventbrite Class A | PairCorr |
| 0.6 | DJCO | Daily Journal Corp | PairCorr |
| 0.59 | OB | Outbrain | PairCorr |
The ability to find closely correlated positions to Thumzup Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thumzup Media 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 Thumzup Media - 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 Thumzup Media to buy it.
The correlation of Thumzup Media 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 Thumzup Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thumzup Media 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 Thumzup Media 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 Thumzup OTC Stock Analysis
When running Thumzup Media's price analysis, check to measure Thumzup Media'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 Thumzup Media is operating at the current time. Most of Thumzup Media's value examination focuses on studying past and present price action to predict the probability of Thumzup Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thumzup Media's price. Additionally, you may evaluate how the addition of Thumzup Media to your portfolios can decrease your overall portfolio volatility.