Jaxon Other Current Liab from 2010 to 2024
| JAX Stock | CAD 0.01 0.01 25.00% |
Other Current Liabilities | First Reported 2010-12-31 | Previous Quarter 265.4 K | Current Value 278.7 K | Quarterly Volatility 119.4 K |
Check Jaxon Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Jaxon main balance sheet or income statement drivers, such as Interest Expense of 27.3 K, Selling General Administrative of 787.1 K or Total Revenue of 0.0, as well as many exotic indicators such as . Jaxon financial statements analysis is a perfect complement when working with Jaxon Mining Valuation or Volatility modules.
Jaxon | Other Current Liab |
Pair Trading with Jaxon Mining
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 Jaxon Mining 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 Jaxon Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Jaxon Stock
| 0.6 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Jaxon Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jaxon Mining 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 Jaxon Mining - 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 Jaxon Mining to buy it.
The correlation of Jaxon Mining 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 Jaxon Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jaxon Mining 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 Jaxon Mining 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 the analysis of Jaxon Mining Correlation against competitors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Jaxon Stock analysis
When running Jaxon Mining's price analysis, check to measure Jaxon Mining'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 Jaxon Mining is operating at the current time. Most of Jaxon Mining's value examination focuses on studying past and present price action to predict the probability of Jaxon Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Jaxon Mining's price. Additionally, you may evaluate how the addition of Jaxon Mining to your portfolios can decrease your overall portfolio volatility.
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