SOFR Financial Statements From 2010 to 2024
| SOFR Etf | 100.50 0.07 0.07% |
Check SOFR financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SOFR's main balance sheet or income statement drivers, such as , as well as many indicators such as . SOFR financial statements analysis is a perfect complement when working with SOFR Valuation or Volatility modules.
SOFR |
About SOFR Financial Statements
SOFR 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 SOFR investors may analyze each financial statement separately, they are all interrelated. The changes in SOFR's assets and liabilities, for example, are also reflected in the revenues and expenses on on SOFR's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Pair Trading with SOFR
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 SOFR 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 SOFR will appreciate offsetting losses from the drop in the long position's value.Moving together with SOFR Etf
Moving against SOFR Etf
| 0.81 | VEA | Vanguard FTSE Developed Sell-off Trend | PairCorr |
| 0.61 | BND | Vanguard Total Bond | PairCorr |
| 0.59 | VWO | Vanguard FTSE Emerging | PairCorr |
| 0.43 | AMPD | Tidal Trust II | PairCorr |
| 0.36 | PMBS | PIMCO Mortgage Backed | PairCorr |
The ability to find closely correlated positions to SOFR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SOFR 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 SOFR - 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 SOFR to buy it.
The correlation of SOFR 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 SOFR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SOFR 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 SOFR 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 SOFR Etf
SOFR financial ratios help investors to determine whether SOFR Etf 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 SOFR with respect to the benefits of owning SOFR security.