Transport And Industry Stock Fundamentals
| TCD Stock | 4,700 70.00 1.51% |
Transport and Industry fundamentals help investors to digest information that contributes to Transport's financial success or failures. It also enables traders to predict the movement of Transport Stock. The fundamental analysis module provides a way to measure Transport'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 Transport stock.
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About Transport Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Transport and Industry's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Transport using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Transport and Industry 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 Transport
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 Transport 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 Transport will appreciate offsetting losses from the drop in the long position's value.Moving together with Transport Stock
The ability to find closely correlated positions to Transport could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Transport 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 Transport - 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 Transport and Industry to buy it.
The correlation of Transport 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 Transport moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Transport and Industry 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 Transport 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 Transport Stock
Transport financial ratios help investors to determine whether Transport 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 Transport with respect to the benefits of owning Transport security.