Bank Financial Statements From 2010 to 2024
| BOP Stock | 9.01 0.19 2.07% |
Check Bank of Punjab financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bank of Punjab's main balance sheet or income statement drivers, such as , as well as many indicators such as . Bank financial statements analysis is a perfect complement when working with Bank of Punjab Valuation or Volatility modules.
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About Bank of Punjab Financial Statements
Bank of Punjab 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 Bank of Punjab investors may analyze each financial statement separately, they are all interrelated. The changes in Bank of Punjab's assets and liabilities, for example, are also reflected in the revenues and expenses on on Bank of Punjab's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Pair Trading with Bank of Punjab
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 Bank of Punjab 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 Bank of Punjab will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.86 | HBL | Habib Bank | PairCorr |
| 0.76 | UBL | United Bank | PairCorr |
| 0.74 | MCB | MCB Bank | PairCorr |
| 0.93 | ABL | Allied Bank | PairCorr |
The ability to find closely correlated positions to Bank of Punjab could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Punjab 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 Bank of Punjab - 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 Bank of Punjab to buy it.
The correlation of Bank of Punjab 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 Bank of Punjab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Punjab 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 Bank of Punjab 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 Bank Stock Analysis
When running Bank of Punjab's price analysis, check to measure Bank of Punjab'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 Bank of Punjab is operating at the current time. Most of Bank of Punjab's value examination focuses on studying past and present price action to predict the probability of Bank of Punjab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Punjab's price. Additionally, you may evaluate how the addition of Bank of Punjab to your portfolios can decrease your overall portfolio volatility.