Earthworks Other Stockholder Equity from 2010 to 2024
| EWK Stock | CAD 0.19 0.01 5.00% |
Other Stockholder Equity | First Reported 1997-08-31 | Previous Quarter 4.2 M | Current Value 4 M | Quarterly Volatility 4.9 M |
Check Earthworks Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Earthworks main balance sheet or income statement drivers, such as Depreciation And Amortization of 750, Interest Expense of 330 K or Total Revenue of 0.0, as well as many exotic indicators such as Price To Sales Ratio of 3.6 M, Dividend Yield of 0.0 or PTB Ratio of 2.99. Earthworks financial statements analysis is a perfect complement when working with Earthworks Industries Valuation or Volatility modules.
Earthworks | Other Stockholder Equity |
Pair Trading with Earthworks Industries
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 Earthworks Industries 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 Earthworks Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Earthworks Stock
| 0.89 | FLOW | Flow Beverage Corp | PairCorr |
Moving against Earthworks Stock
| 0.69 | LCX | Lycos Energy | PairCorr |
| 0.52 | CH | CHARBONE Hydrogen | PairCorr |
The ability to find closely correlated positions to Earthworks Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Earthworks Industries 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 Earthworks Industries - 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 Earthworks Industries to buy it.
The correlation of Earthworks Industries 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 Earthworks Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Earthworks Industries 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 Earthworks Industries 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 Earthworks Industries Correlation against competitors. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Earthworks Stock analysis
When running Earthworks Industries' price analysis, check to measure Earthworks Industries' 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 Earthworks Industries is operating at the current time. Most of Earthworks Industries' value examination focuses on studying past and present price action to predict the probability of Earthworks Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Earthworks Industries' price. Additionally, you may evaluate how the addition of Earthworks Industries to your portfolios can decrease your overall portfolio volatility.
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