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BZB Stock | EUR 4.66 0.06 1.30% |
CONTACT ENERGY fundamentals help investors to digest information that contributes to CONTACT ENERGY's financial success or failures. It also enables traders to predict the movement of CONTACT Stock. The fundamental analysis module provides a way to measure CONTACT ENERGY's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to CONTACT ENERGY stock.
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CONTACT Fundamentals
Current Valuation | 4.19 B | |||
Price To Book | 2.14 X | |||
Price To Sales | 2.55 X | |||
Total Debt | 812 M | |||
Price To Earnings To Growth | 34.15 X | |||
Number Of Employees | 23 | |||
Market Capitalization | 3.62 B | |||
Total Asset | 5.17 B | |||
Z Score | 2.4 | |||
Annual Yield | 0.07 % | |||
Net Asset | 5.17 B | |||
Last Dividend Paid | 0.16 |
About CONTACT ENERGY Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CONTACT ENERGY's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CONTACT ENERGY using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CONTACT ENERGY based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CONTACT ENERGY
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 CONTACT ENERGY 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 CONTACT ENERGY will appreciate offsetting losses from the drop in the long position's value.Moving together with CONTACT Stock
0.64 | MSF | Microsoft Earnings Call Tomorrow | PairCorr |
Moving against CONTACT Stock
0.89 | DBPD | Xtrackers ShortDAX | PairCorr |
0.84 | APC | Apple Inc | PairCorr |
0.84 | APC | Apple Inc | PairCorr |
0.84 | APC | Apple Inc | PairCorr |
0.83 | APC | Apple Inc | PairCorr |
The ability to find closely correlated positions to CONTACT ENERGY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CONTACT ENERGY 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 CONTACT ENERGY - 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 CONTACT ENERGY to buy it.
The correlation of CONTACT ENERGY 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 CONTACT ENERGY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CONTACT ENERGY 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 CONTACT ENERGY 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, which includes a position in CONTACT ENERGY. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the CONTACT ENERGY information on this page should be used as a complementary analysis to other CONTACT ENERGY's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for CONTACT Stock analysis
When running CONTACT ENERGY's price analysis, check to measure CONTACT ENERGY'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 CONTACT ENERGY is operating at the current time. Most of CONTACT ENERGY's value examination focuses on studying past and present price action to predict the probability of CONTACT ENERGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CONTACT ENERGY's price. Additionally, you may evaluate how the addition of CONTACT ENERGY to your portfolios can decrease your overall portfolio volatility.
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