Hemlo Explorers Stock Filter Stocks by Fundamentals
Hemlo Explorers fundamentals help investors to digest information that contributes to Hemlo Explorers' financial success or failures. It also enables traders to predict the movement of Hemlo Pink Sheet. The fundamental analysis module provides a way to measure Hemlo Explorers' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hemlo Explorers pink sheet.
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Hemlo Fundamentals
| Return On Equity | -3.47 | |||
| Return On Asset | -1.95 | |||
| Current Valuation | 865.81 K | |||
| Shares Outstanding | 36.83 M | |||
| Shares Owned By Insiders | 6.58 % | |||
| Shares Owned By Institutions | 28.70 % | |||
| Price To Earning | (4.29) X | |||
| Price To Book | 3.09 X | |||
| EBITDA | (3.35 M) | |||
| Net Income | (3.37 M) | |||
| Cash And Equivalents | 859.95 K | |||
| Cash Per Share | 0.02 X | |||
| Total Debt | 11.76 K | |||
| Debt To Equity | 0.01 % | |||
| Current Ratio | 5.64 X | |||
| Book Value Per Share | 0.02 X | |||
| Cash Flow From Operations | (3.43 M) | |||
| Earnings Per Share | (0.09) X | |||
| Beta | 1.04 | |||
| Market Capitalization | 1.92 M | |||
| Total Asset | 1.81 M | |||
| Z Score | 93.9 | |||
| Net Asset | 1.81 M |
Pair Trading with Hemlo Explorers
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 Hemlo Explorers 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 Hemlo Explorers will appreciate offsetting losses from the drop in the long position's value.Moving against Hemlo Pink Sheet
| 0.49 | GLCNF | Glencore PLC Earnings Call This Week | PairCorr |
| 0.48 | HYMTF | Hyundai Motor | PairCorr |
| 0.44 | GLNCY | Glencore PLC ADR Earnings Call This Week | PairCorr |
| 0.44 | AAUKF | Anglo American plc | PairCorr |
The ability to find closely correlated positions to News Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace News Corp 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 News Corp - 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 News Corp A to buy it.
The correlation of News Corp 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 News Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if News Corp A 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 News Corp 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Hemlo Explorers information on this page should be used as a complementary analysis to other Hemlo Explorers' 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Hemlo Pink Sheet analysis
When running Hemlo Explorers' price analysis, check to measure Hemlo Explorers' 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 Hemlo Explorers is operating at the current time. Most of Hemlo Explorers' value examination focuses on studying past and present price action to predict the probability of Hemlo Explorers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hemlo Explorers' price. Additionally, you may evaluate how the addition of Hemlo Explorers to your portfolios can decrease your overall portfolio volatility.
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