Picic Insurance Stock Fundamentals
| PIL Stock | 1.61 0.36 18.27% |
PICIC Insurance fundamentals help investors to digest information that contributes to PICIC Insurance's financial success or failures. It also enables traders to predict the movement of PICIC Stock. The fundamental analysis module provides a way to measure PICIC Insurance'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 PICIC Insurance stock.
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About PICIC Insurance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze PICIC Insurance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of PICIC Insurance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of PICIC Insurance 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 PICIC Insurance
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 PICIC Insurance 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 PICIC Insurance will appreciate offsetting losses from the drop in the long position's value.Moving against PICIC Stock
The ability to find closely correlated positions to PICIC Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PICIC Insurance 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 PICIC Insurance - 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 PICIC Insurance to buy it.
The correlation of PICIC Insurance 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 PICIC Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PICIC Insurance 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 PICIC Insurance 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 PICIC Stock Analysis
When running PICIC Insurance's price analysis, check to measure PICIC Insurance'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 PICIC Insurance is operating at the current time. Most of PICIC Insurance's value examination focuses on studying past and present price action to predict the probability of PICIC Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PICIC Insurance's price. Additionally, you may evaluate how the addition of PICIC Insurance to your portfolios can decrease your overall portfolio volatility.