OFS Debt Equity Ratio from 2010 to 2024
| OCCIN Preferred Stock | USD 23.75 0.03 0.13% |
Check OFS Credit financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among OFS Credit's main balance sheet or income statement drivers, such as , as well as many indicators such as . OFS financial statements analysis is a perfect complement when working with OFS Credit Valuation or Volatility modules.
OFS |
About OFS Credit Financial Statements
OFS Credit investors utilize fundamental indicators, such as Debt Equity Ratio, to predict how OFS Preferred Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Ofs Credit operates under Asset Management classification in the United States and is traded on NASDAQ Exchange.
Pair Trading with OFS Credit
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 OFS Credit 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 OFS Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with OFS Preferred Stock
| 0.88 | PSEC-PA | Prospect Capital Normal Trading | PairCorr |
| 0.82 | STT-PG | State Street Earnings Call This Week | PairCorr |
| 0.94 | OCCIO | OFS Credit | PairCorr |
Moving against OFS Preferred Stock
| 0.93 | SVVC | Firsthand Technology | PairCorr |
| 0.8 | GLAE | Glassbridge Enterprises | PairCorr |
| 0.64 | BCGWW | Binah Capital Group, | PairCorr |
| 0.64 | CNVT | CVF Technologies | PairCorr |
| 0.54 | JPPYY | Jupai Holdings | PairCorr |
The ability to find closely correlated positions to OFS Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace OFS Credit 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 OFS Credit - 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 OFS Credit to buy it.
The correlation of OFS Credit 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 OFS Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if OFS Credit 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 OFS Credit 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.Other Information on Investing in OFS Preferred Stock
OFS Credit financial ratios help investors to determine whether OFS Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OFS with respect to the benefits of owning OFS Credit security.