Birchtech Corp Ownership
| BCHT Stock | 1.13 0.16 16.49% |
Birchtech |
Birchtech Stock Ownership Analysis
About 22.0% of the company shares are held by company insiders. The company had not issued any dividends in recent years. For more info on Birchtech Corp please contact Richard MacPherson at 614 505 6115 or go to https://www.birchtech.com.Pair Trading with Birchtech Corp
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 Birchtech Corp 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 Birchtech Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Birchtech Stock
Moving against Birchtech Stock
| 0.74 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.74 | MSFT | Microsoft CDR | PairCorr |
| 0.69 | NFLX | Netflix Inc CDR | PairCorr |
| 0.52 | PNC-B | Postmedia Network Canada | PairCorr |
| 0.5 | RBA | Ritchie Bros Auctioneers | PairCorr |
The ability to find closely correlated positions to Birchtech Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Birchtech Corp 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 Birchtech Corp - 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 Birchtech Corp to buy it.
The correlation of Birchtech Corp 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 Birchtech Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Birchtech Corp 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 Birchtech Corp 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 Birchtech Stock
Birchtech Corp financial ratios help investors to determine whether Birchtech 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 Birchtech with respect to the benefits of owning Birchtech Corp security.