Nobel29 Net Working Capital from 2010 to 2024
| NBLC Stock | CAD 0.04 0.01 16.67% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter -451.5 K | Current Value -428.9 K | Quarterly Volatility 1 M |
Check Nobel29 Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nobel29 main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 1.9 M or Total Revenue of 0.0, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 17.44. Nobel29 financial statements analysis is a perfect complement when working with Nobel29 Resources Valuation or Volatility modules.
Nobel29 | Net Working Capital |
Pair Trading with Nobel29 Resources
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 Nobel29 Resources 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 Nobel29 Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Nobel29 Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nobel29 Resources 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 Nobel29 Resources - 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 Nobel29 Resources Corp to buy it.
The correlation of Nobel29 Resources 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 Nobel29 Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nobel29 Resources Corp 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 Nobel29 Resources 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 Nobel29 Resources Correlation against competitors. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Nobel29 Stock analysis
When running Nobel29 Resources' price analysis, check to measure Nobel29 Resources' 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 Nobel29 Resources is operating at the current time. Most of Nobel29 Resources' value examination focuses on studying past and present price action to predict the probability of Nobel29 Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nobel29 Resources' price. Additionally, you may evaluate how the addition of Nobel29 Resources to your portfolios can decrease your overall portfolio volatility.
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