Tata Textile Mills Stock Fundamentals
| TATM Stock | 49.17 4.47 10.00% |
Tata Textile Mills fundamentals help investors to digest information that contributes to Tata Textile's financial success or failures. It also enables traders to predict the movement of Tata Stock. The fundamental analysis module provides a way to measure Tata Textile'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 Tata Textile stock.
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About Tata Textile Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Tata Textile Mills's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tata Textile using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tata Textile Mills 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 Tata Textile
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 Tata Textile 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 Tata Textile will appreciate offsetting losses from the drop in the long position's value.Moving together with Tata Stock
Moving against Tata Stock
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| 0.58 | REWM | Reliance Weaving Mills | PairCorr |
| 0.5 | KAPCO | KOT Addu Power | PairCorr |
The ability to find closely correlated positions to Tata Textile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tata Textile 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 Tata Textile - 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 Tata Textile Mills to buy it.
The correlation of Tata Textile 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 Tata Textile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tata Textile Mills 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 Tata Textile 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 Tata Stock
Tata Textile financial ratios help investors to determine whether Tata 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 Tata with respect to the benefits of owning Tata Textile security.