T3 Entertainment Co Stock Beneish M Score
| 204610 Stock | 1,434 5.00 0.35% |
204610 |
At this time, T3 Entertainment's M Score is inapplicable. The earnings manipulation may begin if T3 Entertainment's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by T3 Entertainment executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of T3 Entertainment's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About T3 Entertainment Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze T3 Entertainment Co's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of T3 Entertainment using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of T3 Entertainment Co based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with T3 Entertainment
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 T3 Entertainment 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 T3 Entertainment will appreciate offsetting losses from the drop in the long position's value.Moving against 204610 Stock
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The ability to find closely correlated positions to T3 Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T3 Entertainment 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 T3 Entertainment - 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 T3 Entertainment Co to buy it.
The correlation of T3 Entertainment 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 T3 Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if T3 Entertainment 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 T3 Entertainment 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 204610 Stock
T3 Entertainment financial ratios help investors to determine whether 204610 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 204610 with respect to the benefits of owning T3 Entertainment security.