Partner Beta vs. Price to Book
| PTNR Stock | ILA 1,655 4.00 0.24% |
For Partner profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Partner to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Partner utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Partner's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Partner over time as well as its relative position and ranking within its peers.
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Partner Price to Book vs. Beta Fundamental Analysis
Partner Price to Book vs. Beta
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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| = | 0.78 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Partner | = | null |
Use Partner in pair-trading
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 Partner 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 Partner will appreciate offsetting losses from the drop in the long position's value.Partner Pair Trading
Partner Pair Trading Analysis
The ability to find closely correlated positions to Partner could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Partner 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 Partner - 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 Partner to buy it.
The correlation of Partner 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 Partner moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Partner 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 Partner 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.Use Investing Themes to Complement your Partner position
In addition to having Partner in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Technology Thematic Idea Now
Technology
Companies that are involved in development or distribution of technologically based goods and services such as software, IT or electronics. The Technology theme has 30 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Technology Theme or any other thematic opportunities.
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Complementary Tools for Partner Stock analysis
When running Partner's price analysis, check to measure Partner'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 Partner is operating at the current time. Most of Partner's value examination focuses on studying past and present price action to predict the probability of Partner's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Partner's price. Additionally, you may evaluate how the addition of Partner to your portfolios can decrease your overall portfolio volatility.
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To fully project Partner's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Partner at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Partner's income statement, its balance sheet, and the statement of cash flows.