News Common Stock Total Equity from 2010 to 2024
| NWS Stock | USD 27.79 0.52 1.84% |
Common Stock Total Equity | First Reported 2013-06-30 | Previous Quarter 6 M | Current Value 6 M | Quarterly Volatility 0.0 |
Check News Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among News Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 612.4 M, Interest Expense of 59.5 M or Total Revenue of 10 B, as well as many indicators such as Price To Sales Ratio of 1.36, Dividend Yield of 0.0088 or PTB Ratio of 0.87. News financial statements analysis is a perfect complement when working with News Corp Valuation or Volatility modules.
News | Common Stock Total Equity |
Pair Trading with News Corp
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 News Corp 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 News Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with News Stock
| 0.73 | AMC | AMC Entertainment Aggressive Push | PairCorr |
Moving against News Stock
| 0.67 | MSGE | Madison Square Garden Fiscal Year End 16th of August 2024 | PairCorr |
| 0.49 | WMG | Warner Music Group Fiscal Year End 21st of November 2024 | PairCorr |
| 0.47 | WLYB | John Wiley Sons Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to News Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace News Corp 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 News Corp - 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 News Corp B to buy it.
The correlation of News Corp 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 News Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if News Corp B 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 News Corp 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.Additional Tools for News Stock Analysis
When running News Corp's price analysis, check to measure News Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy News Corp is operating at the current time. Most of News Corp's value examination focuses on studying past and present price action to predict the probability of News Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move News Corp's price. Additionally, you may evaluate how the addition of News Corp to your portfolios can decrease your overall portfolio volatility.