Scott Durchslag - ANGI Homeservices Insider
Stakeholder Scott Durchslag is not found or was disassociated from the entity ANGI Homeservices
If you believe Scott Durchslag is a valid insider of ANGI Homeservices please let us know and we will check it out.
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Pair Trading with ANGI Homeservices
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 ANGI Homeservices 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 ANGI Homeservices will appreciate offsetting losses from the drop in the long position's value.Moving together with ANGI Stock
| 0.69 | Z | Zillow Group Class | PairCorr |
Moving against ANGI Stock
| 0.48 | FENG | Phoenix New Media | PairCorr |
| 0.45 | DOYU | DouYu International Financial Report 16th of May 2024 | PairCorr |
The ability to find closely correlated positions to ANGI Homeservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ANGI Homeservices 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 ANGI Homeservices - 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 ANGI Homeservices to buy it.
The correlation of ANGI Homeservices 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 ANGI Homeservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ANGI Homeservices 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 ANGI Homeservices 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 ANGI Homeservices. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For more detail on how to invest in ANGI Stock please use our How to Invest in ANGI Homeservices guide.Note that the ANGI Homeservices information on this page should be used as a complementary analysis to other ANGI Homeservices' 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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Complementary Tools for ANGI Stock analysis
When running ANGI Homeservices' price analysis, check to measure ANGI Homeservices' 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 ANGI Homeservices is operating at the current time. Most of ANGI Homeservices' value examination focuses on studying past and present price action to predict the probability of ANGI Homeservices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ANGI Homeservices' price. Additionally, you may evaluate how the addition of ANGI Homeservices to your portfolios can decrease your overall portfolio volatility.
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Is ANGI Homeservices' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ANGI Homeservices. If investors know ANGI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ANGI Homeservices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.75) | Earnings Share (0.06) | Revenue Per Share 2.686 | Quarterly Revenue Growth (0.32) | Return On Assets (0.01) |
The market value of ANGI Homeservices is measured differently than its book value, which is the value of ANGI that is recorded on the company's balance sheet. Investors also form their own opinion of ANGI Homeservices' value that differs from its market value or its book value, called intrinsic value, which is ANGI Homeservices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ANGI Homeservices' market value can be influenced by many factors that don't directly affect ANGI Homeservices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ANGI Homeservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if ANGI Homeservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ANGI Homeservices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.