Saigon Financial Statements From 2010 to 2024
| SMA Stock | 13,800 800.00 6.15% |
Check Saigon Machinery financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Saigon Machinery's main balance sheet or income statement drivers, such as , as well as many indicators such as . Saigon financial statements analysis is a perfect complement when working with Saigon Machinery Valuation or Volatility modules.
Saigon |
About Saigon Machinery Financial Statements
Saigon Machinery investors utilize fundamental indicators, such as revenue or net income, to predict how Saigon Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Pair Trading with Saigon Machinery
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 Saigon Machinery 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 Saigon Machinery will appreciate offsetting losses from the drop in the long position's value.Moving against Saigon Stock
| 0.8 | APG | APG Securities Joint | PairCorr |
| 0.67 | AME | Alphanam ME | PairCorr |
| 0.56 | ABT | Bentre Aquaproduct Import | PairCorr |
| 0.52 | ADS | Damsan JSC | PairCorr |
The ability to find closely correlated positions to Saigon Machinery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Saigon Machinery 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 Saigon Machinery - 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 Saigon Machinery Spare to buy it.
The correlation of Saigon Machinery 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 Saigon Machinery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Saigon Machinery Spare 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 Saigon Machinery 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.Other Information on Investing in Saigon Stock
Saigon Machinery financial ratios help investors to determine whether Saigon Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Saigon with respect to the benefits of owning Saigon Machinery security.