Armstrong Flooring Ownership
| AFIIQDelisted Stock | USD 0.01 0.00 0.00% |
Armstrong |
Armstrong OTC Stock Ownership Analysis
The company has price-to-book (P/B) ratio of 0.0. Some equities with similar Price to Book (P/B) outperform the market in the long run. Armstrong Flooring recorded a loss per share of 2.41. The entity had not issued any dividends in recent years. Armstrong Flooring, Inc., together with its subsidiaries, designs, manufactures, sources, and sells flooring products in North America and the Pacific Rim. On May 8, 2022, Armstrong Flooring, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Armstrong Flooring operates under Building Products Equipment classification in the United States and is traded on OTC Exchange. It employs 1568 people.The quote for Armstrong Flooring is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. For more info on Armstrong Flooring please contact Michel Vermette at 717 672 9611 or go to https://www.armstrongflooring.com.Pair Trading with Armstrong Flooring
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 Armstrong Flooring 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 Armstrong Flooring will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Armstrong Flooring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Armstrong Flooring 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 Armstrong Flooring - 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 Armstrong Flooring to buy it.
The correlation of Armstrong Flooring 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 Armstrong Flooring moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Armstrong Flooring 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 Armstrong Flooring 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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Other Consideration for investing in Armstrong OTC Stock
If you are still planning to invest in Armstrong Flooring check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Armstrong Flooring's history and understand the potential risks before investing.
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