Newport Cost Of Revenue from 2010 to 2024
| NWX Stock | CAD 0.16 0.00 0.00% |
Cost Of Revenue | First Reported 2017-01-31 | Previous Quarter 16.3 K | Current Value 16.3 K | Quarterly Volatility 7.3 K |
Check Newport Exploration financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Newport main balance sheet or income statement drivers, such as Depreciation And Amortization of 60.9 K, Other Operating Expenses of 1.1 M or EBIT of 3.6 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.24 or PTB Ratio of 7.05. Newport financial statements analysis is a perfect complement when working with Newport Exploration Valuation or Volatility modules.
Newport | Cost Of Revenue |
Pair Trading with Newport Exploration
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 Newport Exploration 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 Newport Exploration will appreciate offsetting losses from the drop in the long position's value.Moving against Newport Stock
| 0.6 | BOFA | Bank of America | PairCorr |
| 0.53 | JPM | JPMorgan Chase | PairCorr |
| 0.5 | WMT | Walmart Inc CDR | PairCorr |
| 0.49 | IE | Ivanhoe Energy | PairCorr |
| 0.48 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Newport Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Newport Exploration 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 Newport Exploration - 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 Newport Exploration to buy it.
The correlation of Newport Exploration 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 Newport Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newport Exploration 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 Newport Exploration 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 Newport Exploration Correlation against competitors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Newport Stock analysis
When running Newport Exploration's price analysis, check to measure Newport Exploration'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 Newport Exploration is operating at the current time. Most of Newport Exploration's value examination focuses on studying past and present price action to predict the probability of Newport Exploration's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newport Exploration's price. Additionally, you may evaluate how the addition of Newport Exploration to your portfolios can decrease your overall portfolio volatility.
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