Abak Financial Statements From 2010 to 2024
| ABK Stock | 3.56 0.14 3.78% |
Check Abak SA financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Abak SA's main balance sheet or income statement drivers, such as , as well as many indicators such as . Abak financial statements analysis is a perfect complement when working with Abak SA Valuation or Volatility modules.
Abak |
About Abak SA Financial Statements
Abak SA shareholders use historical fundamental indicators, such as revenue or net income, to determine how well the company is positioned to perform in the future. Although Abak SA investors may analyze each financial statement separately, they are all interrelated. The changes in Abak SA's assets and liabilities, for example, are also reflected in the revenues and expenses on on Abak SA's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Pair Trading with Abak SA
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 Abak SA 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 Abak SA will appreciate offsetting losses from the drop in the long position's value.Moving together with Abak Stock
Moving against Abak Stock
| 0.76 | PZU | Powszechny Zaklad | PairCorr |
| 0.67 | BTK | Biztech Konsulting | PairCorr |
| 0.37 | XTB | X Trade Brokers | PairCorr |
The ability to find closely correlated positions to Abak SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Abak SA 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 Abak SA - 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 Abak SA to buy it.
The correlation of Abak SA 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 Abak SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Abak SA 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 Abak SA 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.Additional Tools for Abak Stock Analysis
When running Abak SA's price analysis, check to measure Abak SA'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 Abak SA is operating at the current time. Most of Abak SA's value examination focuses on studying past and present price action to predict the probability of Abak SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Abak SA's price. Additionally, you may evaluate how the addition of Abak SA to your portfolios can decrease your overall portfolio volatility.