Brendan Nelson - BP Plc Insider
Stakeholder Brendan Nelson is not found or was disassociated from the entity BP plc
If you believe Brendan Nelson is a valid insider of BP plc please let us know and we will check it out.
Other Suggestions
| BPA | Brookfield Prime Property | ETF |
| BPAQF | BP plc | Company |
| BPAVX | Boston Partners All Cap | Mutual Fund |
| BPAY | BlackRock Future Financial | ETF |
Pair Trading with BP Plc
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 BP Plc 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 BP Plc will appreciate offsetting losses from the drop in the long position's value.Moving together with BPAQF Pink Sheet
| 0.92 | XOM | Exxon Mobil Corp Financial Report 26th of July 2024 | PairCorr |
| 0.81 | CVX | Chevron Corp Financial Report 26th of July 2024 | PairCorr |
| 0.9 | SHEL | Shell PLC ADR | PairCorr |
| 0.84 | RYDAF | Shell PLC | PairCorr |
Moving against BPAQF Pink Sheet
| 0.71 | GLUC | Glucose Health Earnings Call Tomorrow | PairCorr |
| 0.65 | MCAE | Mountain Crest Acqui | PairCorr |
The ability to find closely correlated positions to BP Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BP Plc 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 BP Plc - 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 BP plc to buy it.
The correlation of BP Plc 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 BP Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BP plc 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 BP Plc 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in BP plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for BPAQF Pink Sheet analysis
When running BP Plc's price analysis, check to measure BP Plc'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 BP Plc is operating at the current time. Most of BP Plc's value examination focuses on studying past and present price action to predict the probability of BP Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move BP Plc's price. Additionally, you may evaluate how the addition of BP Plc to your portfolios can decrease your overall portfolio volatility.
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