BIGSTAR ENTERTAINMENT Earnings Estimate

No earning estimates are available for BIGSTAR ENTERTAINMENT INC -- either current or for the upcoming years. Earnings estimates provided by Macroaxis are the average expectations of expert analysts that we track. If a given stock fails to match professional earnings estimates, it usually performs purely. That's referred by wall street as a 'negative surprise.' If BIGSTAR ENTERTAINMENT INC 'beats' future estimates it's usually called an 'upside surprise.'
  
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Pair Trading with BIGSTAR ENTERTAINMENT

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 BIGSTAR ENTERTAINMENT 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 BIGSTAR ENTERTAINMENT will appreciate offsetting losses from the drop in the long position's value.

BIGSTAR ENTERTAINMENT Pair Correlation

Correlation Analysis For Direct Indexing and Tax-loss Harvesting

The ability to find closely correlated positions to Prudential Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prudential Financial 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 Prudential Financial - 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 Prudential Financial to buy it.
The correlation of Prudential Financial is a statistical measure of how it moves in relation to other equities. 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 Prudential Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential Financial 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 Prudential Financial 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.
Pair CorrelationCorrelation Matching
Check out Trending Equities. Note that the BIGSTAR ENTERTAINMENT INC information on this page should be used as a complementary analysis to other BIGSTAR ENTERTAINMENT's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Other Tools for BIGSTAR Stock

When running BIGSTAR ENTERTAINMENT INC price analysis, check to measure BIGSTAR ENTERTAINMENT'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 BIGSTAR ENTERTAINMENT is operating at the current time. Most of BIGSTAR ENTERTAINMENT's value examination focuses on studying past and present price action to predict the probability of BIGSTAR ENTERTAINMENT's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BIGSTAR ENTERTAINMENT's price. Additionally, you may evaluate how the addition of BIGSTAR ENTERTAINMENT to your portfolios can decrease your overall portfolio volatility.
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