Rafako Sa Stock EBITDA
| RFK Stock | 0.28 0.01 3.70% |
RAFAKO |
RFK.WAR fundamentals not found at this time
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Pair Trading with RAFAKO SA
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 RAFAKO SA 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 RAFAKO SA will appreciate offsetting losses from the drop in the long position's value.Moving together with RAFAKO Stock
Moving against RAFAKO Stock
| 0.73 | DNP | Dino Polska SA | PairCorr |
| 0.72 | UCG | UniCredit SpA | PairCorr |
| 0.68 | CEZ | CEZ as | PairCorr |
| 0.56 | SAN | Banco Santander SA | PairCorr |
The ability to find closely correlated positions to RAFAKO SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RAFAKO SA 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 RAFAKO SA - 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 RAFAKO SA to buy it.
The correlation of RAFAKO SA 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 RAFAKO SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if RAFAKO SA 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 RAFAKO SA 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 RAFAKO Stock Analysis
When running RAFAKO SA's price analysis, check to measure RAFAKO SA'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 RAFAKO SA is operating at the current time. Most of RAFAKO SA's value examination focuses on studying past and present price action to predict the probability of RAFAKO SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RAFAKO SA's price. Additionally, you may evaluate how the addition of RAFAKO SA to your portfolios can decrease your overall portfolio volatility.