Blue Other Stockholder Equity from 2010 to 2024
| MOON Stock | CAD 0.05 0.01 25.00% |
Other Stockholder Equity | First Reported 2007-03-31 | Previous Quarter 1.6 M | Current Value 1.6 M | Quarterly Volatility 3.3 M |
Check Blue Moon financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Blue Moon's main balance sheet or income statement drivers, such as Depreciation And Amortization of 660, Other Operating Expenses of 621.5 K or Total Operating Expenses of 606.2 K, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 1.41. Blue financial statements analysis is a perfect complement when working with Blue Moon Valuation or Volatility modules.
Blue | Other Stockholder Equity |
Pair Trading with Blue Moon
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 Blue Moon 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 Blue Moon will appreciate offsetting losses from the drop in the long position's value.Moving against Blue Stock
| 0.88 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.85 | FFH-PD | Fairfax Financial | PairCorr |
| 0.84 | FFH-PK | Fairfax Financial | PairCorr |
| 0.84 | FFH-PI | Fairfax Financial | PairCorr |
| 0.79 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to Blue Moon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Blue Moon 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 Blue Moon - 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 Blue Moon Zinc to buy it.
The correlation of Blue Moon 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 Blue Moon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Blue Moon Zinc 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 Blue Moon 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.Additional Tools for Blue Stock Analysis
When running Blue Moon's price analysis, check to measure Blue Moon'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 Blue Moon is operating at the current time. Most of Blue Moon's value examination focuses on studying past and present price action to predict the probability of Blue Moon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Blue Moon's price. Additionally, you may evaluate how the addition of Blue Moon to your portfolios can decrease your overall portfolio volatility.