Patria Historical Income Statement
PLAO Stock | USD 11.63 0.01 0.09% |
Historical analysis of Patria Latin income statement accounts such as Other Operating Expenses of 774.9 K, Ebitda of 11.1 M, Total Operating Expenses of 774.9 K or Income Before Tax of 7.3 M can show how well Patria Latin American performed in making a profits. Evaluating Patria Latin income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Patria Latin's future profits or losses.
Patria Latin Net Income |
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Patria |
About Patria Income Statement Analysis
Patria Latin American Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Patria Latin shareholders. The income statement also shows Patria investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Patria Latin Income Statement Chart
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Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from Patria Latin's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Patria Latin American current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patria Latin American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Patria Latin income statement Correlations
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Patria Latin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Patria Latin
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 Patria Latin 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 Patria Latin will appreciate offsetting losses from the drop in the long position's value.Moving together with Patria Stock
0.61 | V | Visa Class A | PairCorr |
0.72 | DIST | Distoken Acquisition | PairCorr |
0.74 | AB | AllianceBernstein | PairCorr |
0.83 | AC | Associated Capital | PairCorr |
Moving against Patria Stock
The ability to find closely correlated positions to Patria Latin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Patria Latin 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 Patria Latin - 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 Patria Latin American to buy it.
The correlation of Patria Latin 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 Patria Latin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patria Latin American 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 Patria Latin 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 Patria Stock
Patria Latin American Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Patria Latin shareholders. The income statement also shows Patria investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).