ADVO INC Financial Statements From 2010 to 2022

Pair Trading with ADVO INC

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 ADVO INC 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 ADVO INC will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Keycorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keycorp 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 Keycorp - 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 Keycorp to buy it.
The correlation of Keycorp 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 Keycorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Keycorp 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 Keycorp 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 ADVO INC information on this page should be used as a complementary analysis to other ADVO INC'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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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