Bowleven Historical Income Statement
Pair Trading with Bowleven PLC
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 Bowleven PLC 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 Bowleven PLC will appreciate offsetting losses from the drop in the long position's value.Moving against Bowleven Pink Sheet
| 0.94 | OXY | Occidental Petroleum Financial Report 14th of May 2024 | PairCorr |
| 0.93 | CNQ | Canadian Natural Res Financial Report 2nd of May 2024 | PairCorr |
| 0.92 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.91 | PXD | Pioneer Natural Resources Financial Report 24th of April 2024 | PairCorr |
| 0.88 | EOG | EOG Resources Financial Report 2nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Bowleven PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bowleven PLC 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 Bowleven PLC - 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 Bowleven PLC to buy it.
The correlation of Bowleven PLC 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 Bowleven PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bowleven PLC 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 Bowleven PLC 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, which includes a position in Bowleven PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Bowleven Pink Sheet analysis
When running Bowleven PLC's price analysis, check to measure Bowleven PLC'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 Bowleven PLC is operating at the current time. Most of Bowleven PLC's value examination focuses on studying past and present price action to predict the probability of Bowleven PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bowleven PLC's price. Additionally, you may evaluate how the addition of Bowleven PLC to your portfolios can decrease your overall portfolio volatility.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |