Dunelm Historical Income Statement
Pair Trading with Dunelm Group
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 Dunelm Group 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 Dunelm Group will appreciate offsetting losses from the drop in the long position's value.Moving against Dunelm Pink Sheet
| 0.46 | LNDNF | Lundin Energy AB | PairCorr |
The ability to find closely correlated positions to Dunelm Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dunelm Group 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 Dunelm Group - 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 Dunelm Group PLC to buy it.
The correlation of Dunelm Group 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 Dunelm Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dunelm Group PLC 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 Dunelm Group 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dunelm Group PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Complementary Tools for Dunelm Pink Sheet analysis
When running Dunelm Group's price analysis, check to measure Dunelm Group'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 Dunelm Group is operating at the current time. Most of Dunelm Group's value examination focuses on studying past and present price action to predict the probability of Dunelm Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dunelm Group's price. Additionally, you may evaluate how the addition of Dunelm Group to your portfolios can decrease your overall portfolio volatility.
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