Funko Historical Income Statement
Pair Trading with Funko
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 Funko 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 Funko will appreciate offsetting losses from the drop in the long position's value.Moving together with Funko Stock
| 0.66 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.72 | LE | Lands End Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Funko could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Funko 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 Funko - 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 Funko Inc to buy it.
The correlation of Funko 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 Funko moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Funko Inc 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 Funko 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Funko Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Is Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Funko. If investors know Funko will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Funko listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Funko Inc is measured differently than its book value, which is the value of Funko that is recorded on the company's balance sheet. Investors also form their own opinion of Funko's value that differs from its market value or its book value, called intrinsic value, which is Funko's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Funko's market value can be influenced by many factors that don't directly affect Funko's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Funko's value and its price as these two are different measures arrived at by different means. Investors typically determine if Funko is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Funko's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.