TenX Enterprise Value Multiple from 2010 to 2024
TENKU Stock | USD 12.00 0.00 0.00% |
Enterprise Value Multiple | First Reported 2010-12-31 | Previous Quarter (97.90) | Current Value (102.79) | Quarterly Volatility 160.58478943 |
Check TenX Keane financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TenX Keane's main balance sheet or income statement drivers, such as Income Before Tax of 2.5 M, Total Other Income Expense Net of 3.6 M or Net Income of 1.2 M, as well as many indicators such as Price To Sales Ratio of 141, Dividend Yield of 0.0 or PTB Ratio of 1.46. TenX financial statements analysis is a perfect complement when working with TenX Keane Valuation or Volatility modules.
TenX |
Pair Trading with TenX Keane
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 TenX Keane 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 TenX Keane will appreciate offsetting losses from the drop in the long position's value.Moving together with TenX Stock
0.66 | BK | Bank of New York Financial Report 16th of July 2024 | PairCorr |
0.85 | AXP | American Express Financial Report 19th of July 2024 | PairCorr |
Moving against TenX Stock
0.67 | CG | Carlyle Group | PairCorr |
0.55 | IVZ | Invesco Plc Financial Report 23rd of July 2024 | PairCorr |
0.52 | GL | Globe Life | PairCorr |
The ability to find closely correlated positions to TenX Keane could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TenX Keane 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 TenX Keane - 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 TenX Keane Acquisition to buy it.
The correlation of TenX Keane 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 TenX Keane moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TenX Keane Acquisition 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 TenX Keane 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 TenX Stock Analysis
When running TenX Keane's price analysis, check to measure TenX Keane'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 TenX Keane is operating at the current time. Most of TenX Keane's value examination focuses on studying past and present price action to predict the probability of TenX Keane's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TenX Keane's price. Additionally, you may evaluate how the addition of TenX Keane to your portfolios can decrease your overall portfolio volatility.