Carnegie Wealth Management Stock Target Price
| CMINOA Stock | DKK 125.70 0.25 0.20% |
Carnegie Wealth Management fundamentals help investors to digest information that contributes to Carnegie Wealth's financial success or failures. It also enables traders to predict the movement of Carnegie Stock. The fundamental analysis module provides a way to measure Carnegie Wealth's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Carnegie Wealth stock.
Carnegie |
Carnegie Target Price Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Carnegie Wealth's direct or indirect competition against its Target Price to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Carnegie Wealth could also be used in its relative valuation, which is a method of valuing Carnegie Wealth by comparing valuation metrics of similar companies.Carnegie Wealth is currently under evaluation in target price category among its peers.
About Carnegie Wealth Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Carnegie Wealth Management's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Carnegie Wealth using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Carnegie Wealth Management 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 Carnegie Wealth
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 Carnegie Wealth 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 Carnegie Wealth will appreciate offsetting losses from the drop in the long position's value.Moving together with Carnegie Stock
Moving against Carnegie Stock
| 0.5 | DSV | DSV Panalpina AS | PairCorr |
| 0.5 | MAERSK-A | AP Mller | PairCorr |
| 0.5 | DKIGLOVO | Danske Invest | PairCorr |
| 0.49 | MAERSK-B | AP Mller | PairCorr |
| 0.49 | MAJDKO | Maj Invest | PairCorr |
The ability to find closely correlated positions to Carnegie Wealth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnegie Wealth 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 Carnegie Wealth - 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 Carnegie Wealth Management to buy it.
The correlation of Carnegie Wealth 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 Carnegie Wealth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnegie Wealth Mana 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 Carnegie Wealth 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 Carnegie Stock
Carnegie Wealth financial ratios help investors to determine whether Carnegie 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 Carnegie with respect to the benefits of owning Carnegie Wealth security.