ECPN Earning Before Interest and Taxes EBIT from 2010 to 2024
| ECPN Stock | USD 0.0001 0.00 0.00% |
Check El Capitan financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ECPN main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . ECPN financial statements analysis is a perfect complement when working with El Capitan Valuation or Volatility modules.
ECPN |
Pair Trading with El Capitan
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 El Capitan 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 El Capitan will appreciate offsetting losses from the drop in the long position's value.Moving against ECPN Pink Sheet
| 0.87 | CHKEL | Chesapeake Energy | PairCorr |
| 0.8 | CHKEZ | Chesapeake Energy | PairCorr |
| 0.72 | MAPSW | WM Technology | PairCorr |
| 0.64 | ATCOL | Atlas Corp | PairCorr |
| 0.64 | PCTTW | PureCycle Technologies | PairCorr |
The ability to find closely correlated positions to El Capitan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace El Capitan 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 El Capitan - 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 El Capitan Prec to buy it.
The correlation of El Capitan 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 El Capitan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if El Capitan Prec 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 El Capitan 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 El Capitan Correlation against competitors. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for ECPN Pink Sheet analysis
When running El Capitan's price analysis, check to measure El Capitan'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 El Capitan is operating at the current time. Most of El Capitan's value examination focuses on studying past and present price action to predict the probability of El Capitan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move El Capitan's price. Additionally, you may evaluate how the addition of El Capitan to your portfolios can decrease your overall portfolio volatility.
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