NET Historical Valuation
| NPWR Stock | 2.78 0.10 3.47% |
Some fundamental drivers such as market cap or NET Power enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze NET Power valuation indicators such as to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of NET Power's future value.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NET Power. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment. About NET Valuation Data Analysis
Valuation is the financial process of determining what NET Power is worth. NET Power valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. NET Power valuation ratios help investors to determine whether NET 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 NET with respect to the benefits of owning NET Power security.
NET Power Valuation Data Chart
Pair Trading with NET Power
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 NET Power 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 NET Power will appreciate offsetting losses from the drop in the long position's value.Moving together with NET Stock
Moving against NET Stock
| 0.81 | EPAC | Enerpac Tool Group | PairCorr |
| 0.55 | CSW | CSW Industrials, Symbol Change | PairCorr |
| 0.54 | RR | Richtech Robotics Class Buyout Trend | PairCorr |
| 0.4 | ENOV | Enovis Corp | PairCorr |
The ability to find closely correlated positions to NET Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NET Power 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 NET Power - 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 NET Power to buy it.
The correlation of NET Power 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 NET Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NET Power 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 NET Power 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.Additional Tools for NET Stock Analysis
When running NET Power's price analysis, check to measure NET Power'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 NET Power is operating at the current time. Most of NET Power's value examination focuses on studying past and present price action to predict the probability of NET Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NET Power's price. Additionally, you may evaluate how the addition of NET Power to your portfolios can decrease your overall portfolio volatility.