Oberweis International Price to Sales vs. Three Year Return
| OBIOX Fund | USD 17.75 0.13 0.74% |
For Oberweis International profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Oberweis International to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Oberweis International Opportunities utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Oberweis International's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Oberweis International Opportunities over time as well as its relative position and ranking within its peers.
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Oberweis International Three Year Return vs. Price to Sales Fundamental Analysis
Oberweis Three Year Return vs. Price to Sales
Oberweis International | = | null |
Tree Year Return shows the total annualized return generated from holding a fund or ETFs for the last three years. The return measure includes capital appreciation, losses, dividends paid, and all capital gains distributions. This return indicator is considered by many investors to be solid measures of fund mid-term performance.
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| = | (13.69) % |
Although Three Year Fund Return indicator can give a sense of overall fund mid-term potential, it is recommended to compare fund performances against other similar funds, ETFs, or market benchmarks for the same 3 year interval.
Oberweis Three Year Return Comparison
Oberweis International is currently under evaluation in three year return among similar funds.
Use Oberweis International 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 Oberweis International 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 Oberweis International will appreciate offsetting losses from the drop in the long position's value.Oberweis International Pair Trading
Oberweis International Opportunities Pair Trading Analysis
The ability to find closely correlated positions to Oberweis International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oberweis International 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 Oberweis International - 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 Oberweis International Opportunities to buy it.
The correlation of Oberweis International 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 Oberweis International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Oberweis International 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 Oberweis International 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 Oberweis International position
In addition to having Oberweis International 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 Data Storage Thematic Idea Now
Data Storage
Companies making data storages or providing data storage services. The Data Storage theme has 48 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 Data Storage Theme or any other thematic opportunities.
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Check out Your Equity Center. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
To fully project Oberweis International's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Oberweis International 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 Oberweis International's income statement, its balance sheet, and the statement of cash flows.