Cantaloupe Tangible Asset Value from 2010 to 2024
| CTLP Stock | USD 9.08 0.03 0.33% |
Tangible Asset Value | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 0.0 |
Check Cantaloupe financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cantaloupe's main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.8 M, Interest Expense of 1.7 M or Selling General Administrative of 22.3 M, as well as many indicators such as Price To Sales Ratio of 1.69, Dividend Yield of 0.0026 or PTB Ratio of 2.71. Cantaloupe financial statements analysis is a perfect complement when working with Cantaloupe Valuation or Volatility modules.
Cantaloupe | Tangible Asset Value |
Pair Trading with Cantaloupe
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 Cantaloupe 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 Cantaloupe will appreciate offsetting losses from the drop in the long position's value.Moving together with Cantaloupe Stock
| 0.69 | BR | Broadridge Financial | PairCorr |
| 0.87 | FI | Fiserv, | PairCorr |
| 0.71 | IT | Gartner | PairCorr |
| 0.74 | DMRC | Digimarc | PairCorr |
Moving against Cantaloupe Stock
| 0.53 | VEEA | Veea Inc Symbol Change | PairCorr |
The ability to find closely correlated positions to Cantaloupe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cantaloupe 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 Cantaloupe - 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 Cantaloupe to buy it.
The correlation of Cantaloupe 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 Cantaloupe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cantaloupe 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 Cantaloupe 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 Cantaloupe Stock Analysis
When running Cantaloupe's price analysis, check to measure Cantaloupe'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 Cantaloupe is operating at the current time. Most of Cantaloupe's value examination focuses on studying past and present price action to predict the probability of Cantaloupe's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cantaloupe's price. Additionally, you may evaluate how the addition of Cantaloupe to your portfolios can decrease your overall portfolio volatility.