Consol Energy Stock Beneish M Score
| CGD Stock | EUR 21.60 0.40 1.89% |
CONSOL |
At this time, CONSOL ENERGY's M Score is inapplicable. The earnings manipulation may begin if CONSOL ENERGY's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by CONSOL ENERGY executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of CONSOL ENERGY's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-4.84
Beneish M Score - Inapplicable
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About CONSOL ENERGY Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze CONSOL ENERGY's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of CONSOL ENERGY using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of CONSOL ENERGY based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with CONSOL ENERGY
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 CONSOL ENERGY 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 CONSOL ENERGY will appreciate offsetting losses from the drop in the long position's value.Moving against CONSOL Stock
| 0.82 | 03F | IDP EDUCATION LTD | PairCorr |
| 0.76 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.68 | APC | Apple Inc | PairCorr |
| 0.68 | APC | Apple Inc | PairCorr |
| 0.67 | APC | Apple Inc | PairCorr |
The ability to find closely correlated positions to CONSOL ENERGY could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CONSOL ENERGY 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 CONSOL ENERGY - 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 CONSOL ENERGY to buy it.
The correlation of CONSOL ENERGY 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 CONSOL ENERGY moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CONSOL ENERGY 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 CONSOL ENERGY 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 CONSOL ENERGY. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For information on how to trade CONSOL Stock refer to our How to Trade CONSOL Stock guide.Note that the CONSOL ENERGY information on this page should be used as a complementary analysis to other CONSOL ENERGY'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 the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for CONSOL Stock analysis
When running CONSOL ENERGY's price analysis, check to measure CONSOL ENERGY'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 CONSOL ENERGY is operating at the current time. Most of CONSOL ENERGY's value examination focuses on studying past and present price action to predict the probability of CONSOL ENERGY's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CONSOL ENERGY's price. Additionally, you may evaluate how the addition of CONSOL ENERGY to your portfolios can decrease your overall portfolio volatility.
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