Novatek DRC Cash per Share vs. Market Capitalization
| NOVKYDelisted Stock | USD 38.29 0.00 0.00% |
For Novatek DRC profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Novatek DRC to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Novatek DRC utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Novatek DRC's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Novatek DRC over time as well as its relative position and ranking within its peers.
Novatek |
Novatek DRC Market Capitalization vs. Cash per Share Fundamental Analysis
Novatek Market Capitalization vs. Cash per Share
Novatek DRC | = | null |
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Novatek DRC |
| = | 11.47 B |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Novatek Market Capitalization vs Competition
Novatek DRC is considered to be number one stock in market capitalization category among related companies. Market capitalization of Oil & Gas E&P industry is now estimated at about 11.81 Billion. Novatek DRC totals roughly 11.47 Billion in market capitalization claiming about 97% of all equities under Oil & Gas E&P industry.
Use Novatek DRC 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 Novatek DRC 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 Novatek DRC will appreciate offsetting losses from the drop in the long position's value.Novatek DRC Pair Trading
Novatek DRC Pair Trading Analysis
The ability to find closely correlated positions to Novatek DRC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novatek DRC 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 Novatek DRC - 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 Novatek DRC to buy it.
The correlation of Novatek DRC 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 Novatek DRC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novatek DRC 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 Novatek DRC 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 Novatek DRC position
In addition to having Novatek DRC 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 Macroaxis Index Thematic Idea Now
Macroaxis Index
An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system. The Macroaxis Index theme has 52 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 Macroaxis Index Theme or any other thematic opportunities.
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Check out Correlation Analysis 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 industry. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Other Consideration for investing in Novatek Stock
If you are still planning to invest in Novatek DRC check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Novatek DRC's history and understand the potential risks before investing.
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