Thong Nhat Rubber Stock Filter Stocks by Fundamentals
| TNC Stock | 31,050 1,800 5.48% |
Thong Nhat Rubber fundamentals help investors to digest information that contributes to Thong Nhat's financial success or failures. It also enables traders to predict the movement of Thong Stock. The fundamental analysis module provides a way to measure Thong Nhat'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 Thong Nhat stock.
Thong |
Did you try this?
Run Bond Analysis Now
Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
| All Next | Launch Module |
About Thong Nhat Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Thong Nhat Rubber's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Thong Nhat using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Thong Nhat Rubber 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 Thong Nhat
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 Thong Nhat 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 Thong Nhat will appreciate offsetting losses from the drop in the long position's value.Moving against Thong Stock
| 0.66 | FPT | FPT Corp | PairCorr |
| 0.63 | CSV | South Basic Chemicals | PairCorr |
| 0.58 | ELC | Elcom Technology Com | PairCorr |
| 0.52 | ABS | Binhthuan Agriculture | PairCorr |
| 0.42 | SMA | Saigon Machinery Spare | PairCorr |
The ability to find closely correlated positions to Thong Nhat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thong Nhat 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 Thong Nhat - 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 Thong Nhat Rubber to buy it.
The correlation of Thong Nhat 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 Thong Nhat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thong Nhat Rubber 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 Thong Nhat 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 Thong Stock
Thong Nhat financial ratios help investors to determine whether Thong 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 Thong with respect to the benefits of owning Thong Nhat security.