North Enterprise Value Over E B I T D A from 2010 to 2024
| NSRS Stock | USD 0.0001 0.00 0.00% |
Enterprise Value Over EBITDA | First Reported 2010-12-31 | Previous Quarter (179.05) | Current Value (188.00) | Quarterly Volatility 80.13858207 |
Check North Springs financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among North Springs' main balance sheet or income statement drivers, such as Discontinued Operations of 0.0, Interest Expense of 0.0 or Selling General Administrative of 8.5 K, as well as many indicators such as Price To Sales Ratio of 0.0, Days Sales Outstanding of 0.0 or Free Cash Flow Yield of 0.0027. North financial statements analysis is a perfect complement when working with North Springs Valuation or Volatility modules.
North | Enterprise Value Over E B I T D A |
Pair Trading with North Springs
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 North Springs 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 North Springs will appreciate offsetting losses from the drop in the long position's value.Moving against North Stock
The ability to find closely correlated positions to North Springs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North Springs 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 North Springs - 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 North Springs Resources to buy it.
The correlation of North Springs 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 North Springs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North Springs Resources 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 North Springs 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 North Stock Analysis
When running North Springs' price analysis, check to measure North Springs' 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 North Springs is operating at the current time. Most of North Springs' value examination focuses on studying past and present price action to predict the probability of North Springs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Springs' price. Additionally, you may evaluate how the addition of North Springs to your portfolios can decrease your overall portfolio volatility.