Nevado Operating Income from 2010 to 2024
| VDO-H Stock | CAD 0.08 0.00 0.00% |
Operating Income | First Reported 2010-12-31 | Previous Quarter -193.5 K | Current Value -203.2 K | Quarterly Volatility 47.6 K |
Check Nevado Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nevado main balance sheet or income statement drivers, such as Interest Expense of 0.0, Other Operating Expenses of 13.1 K or Income Tax Expense of 17.1 K, as well as many exotic indicators such as . Nevado financial statements analysis is a perfect complement when working with Nevado Resources Valuation or Volatility modules.
Nevado | Operating Income |
Pair Trading with Nevado 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 Nevado 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 Nevado Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Nevado Stock
| 0.81 | IE | Ivanhoe Energy | PairCorr |
| 0.72 | FDY | Faraday Copper Corp | PairCorr |
| 0.74 | BN | Brookfield | PairCorr |
| 0.63 | CHEV | CHEVRON CDR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Nevado 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 Nevado 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 Nevado 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 Nevado Resources to buy it.
The correlation of Nevado 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 Nevado Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nevado Resources 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 Nevado 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 Nevado Resources Correlation against competitors. Note that the Nevado Resources information on this page should be used as a complementary analysis to other Nevado Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for Nevado Stock analysis
When running Nevado Resources' price analysis, check to measure Nevado 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 Nevado Resources is operating at the current time. Most of Nevado Resources' value examination focuses on studying past and present price action to predict the probability of Nevado Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nevado Resources' price. Additionally, you may evaluate how the addition of Nevado Resources to your portfolios can decrease your overall portfolio volatility.
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