Kevin Reddy - Noodles Insider
Stakeholder Kevin Reddy is not found or was disassociated from the entity Noodles Company
If you believe Kevin Reddy is a valid insider of Noodles Company please let us know and we will check it out.
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Pair Trading with Noodles
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 Noodles 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 Noodles will appreciate offsetting losses from the drop in the long position's value.Moving against Noodles Stock
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| 0.52 | XPOF | Xponential Fitness Buyout Trend | PairCorr |
| 0.51 | CMG | Chipotle Mexican Grill | PairCorr |
The ability to find closely correlated positions to Noodles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noodles 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 Noodles - 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 Noodles Company to buy it.
The correlation of Noodles 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 Noodles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noodles Company 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 Noodles 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Noodles Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Noodles Stock analysis
When running Noodles' price analysis, check to measure Noodles' 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 Noodles is operating at the current time. Most of Noodles' value examination focuses on studying past and present price action to predict the probability of Noodles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Noodles' price. Additionally, you may evaluate how the addition of Noodles to your portfolios can decrease your overall portfolio volatility.
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Is Noodles' industry 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 Noodles. If investors know Noodles 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 Noodles listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.12) | Earnings Share (0.28) | Revenue Per Share 10.936 | Quarterly Revenue Growth (0.04) | Return On Assets 0.0048 |
The market value of Noodles Company is measured differently than its book value, which is the value of Noodles that is recorded on the company's balance sheet. Investors also form their own opinion of Noodles' value that differs from its market value or its book value, called intrinsic value, which is Noodles' 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 Noodles' market value can be influenced by many factors that don't directly affect Noodles' 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 Noodles' value and its price as these two are different measures arrived at by different means. Investors typically determine if Noodles is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Noodles' 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.