USD Total Revenue from 2010 to 2024
| USDPDelisted Stock | USD 0.79 0.01 1.25% |
Check USD Partners financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among USD Partners' main balance sheet or income statement drivers, such as , as well as many indicators such as . USD financial statements analysis is a perfect complement when working with USD Partners Valuation or Volatility modules.
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About USD Partners Financial Statements
USD Partners shareholders use historical fundamental indicators, such as Total Revenue, to determine how well the company is positioned to perform in the future. Although USD Partners investors may analyze each financial statement separately, they are all interrelated. The changes in USD Partners' assets and liabilities, for example, are also reflected in the revenues and expenses on on USD Partners' income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
USD Partners LP acquires, develops, and operates midstream infrastructure assets and logistics solutions for crude oil, biofuels, and other energy-related products in the United States and Canada. The company was incorporated in 2014 and is headquartered in Houston, Texas. USD Partners operates under Railroads classification in the United States and is traded on New York Stock Exchange.
Pair Trading with USD Partners
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 USD Partners 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 USD Partners will appreciate offsetting losses from the drop in the long position's value.Moving against USD Pink Sheet
| 0.85 | CW | Curtiss Wright | PairCorr |
| 0.84 | B | Barnes Group | PairCorr |
| 0.84 | J | Jacobs Solutions | PairCorr |
| 0.8 | BW | Babcock Wilcox Enter | PairCorr |
| 0.7 | AZ | A2Z Smart Technologies | PairCorr |
The ability to find closely correlated positions to USD Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace USD Partners 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 USD Partners - 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 USD Partners LP to buy it.
The correlation of USD Partners 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 USD Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if USD Partners LP 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 USD Partners 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.Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Other Consideration for investing in USD Pink Sheet
If you are still planning to invest in USD Partners LP check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the USD Partners' history and understand the potential risks before investing.
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