Thesis Graham Number from 2010 to 2024
| TAU Stock | CAD 0.78 0.03 4.00% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 0.01578306 | Current Value 0.015 | Quarterly Volatility 0.3600466 |
Check Thesis Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Thesis main balance sheet or income statement drivers, such as Interest Expense of 0.0, Tax Provision of 3.7 M or Net Interest Income of 550.3 K, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Days Sales Outstanding of 0.0. Thesis financial statements analysis is a perfect complement when working with Thesis Gold Valuation or Volatility modules.
Thesis | Graham Number |
Pair Trading with Thesis Gold
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 Thesis Gold 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 Thesis Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Thesis Stock
| 0.92 | IE | Ivanhoe Energy | PairCorr |
| 0.83 | FDY | Faraday Copper Corp | PairCorr |
Moving against Thesis Stock
| 0.81 | SEC | Senvest Capital | PairCorr |
| 0.72 | SGR-U | Slate Grocery REIT | PairCorr |
| 0.43 | TC | Tucows Inc | PairCorr |
The ability to find closely correlated positions to Thesis Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thesis Gold 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 Thesis Gold - 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 Thesis Gold to buy it.
The correlation of Thesis Gold 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 Thesis Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thesis Gold 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 Thesis Gold 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 Thesis Gold Correlation against competitors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Thesis Stock analysis
When running Thesis Gold's price analysis, check to measure Thesis Gold'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 Thesis Gold is operating at the current time. Most of Thesis Gold's value examination focuses on studying past and present price action to predict the probability of Thesis Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Thesis Gold's price. Additionally, you may evaluate how the addition of Thesis Gold to your portfolios can decrease your overall portfolio volatility.
| CEOs Directory Screen CEOs from public companies around the world | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges |