Petrolimex International Trading Stock Filter Stocks by Fundamentals
| PIT Stock | 5,370 10.00 0.19% |
Petrolimex International Trading fundamentals help investors to digest information that contributes to Petrolimex International's financial success or failures. It also enables traders to predict the movement of Petrolimex Stock. The fundamental analysis module provides a way to measure Petrolimex International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Petrolimex International stock.
Petrolimex |
Did you try this?
Run Price Ceiling Movement Now
Price Ceiling MovementCalculate and plot Price Ceiling Movement for different equity instruments |
| All Next | Launch Module |
About Petrolimex International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Petrolimex International Trading's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Petrolimex International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Petrolimex International Trading based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Petrolimex International
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 Petrolimex International 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 Petrolimex International will appreciate offsetting losses from the drop in the long position's value.Moving against Petrolimex Stock
The ability to find closely correlated positions to Petrolimex International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Petrolimex International 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 Petrolimex International - 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 Petrolimex International Trading to buy it.
The correlation of Petrolimex International 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 Petrolimex International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Petrolimex International 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 Petrolimex International 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 Petrolimex Stock
Petrolimex International financial ratios help investors to determine whether Petrolimex 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 Petrolimex with respect to the benefits of owning Petrolimex International security.