Aris Net Working Capital from 2010 to 2024
| ARIS Stock | CAD 5.52 0.31 5.32% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter 154.9 M | Current Value 110.5 M | Quarterly Volatility 73.9 M |
Check Aris Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Aris Gold's main balance sheet or income statement drivers, such as Other Operating Expenses of 347.2 M, Operating Income of 114.3 M or EBIT of 134.3 M, as well as many indicators such as Price To Sales Ratio of 1.0, Dividend Yield of 0.0182 or PTB Ratio of 0.79. Aris financial statements analysis is a perfect complement when working with Aris Gold Valuation or Volatility modules.
Aris | Net Working Capital |
Pair Trading with Aris Gold
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 Aris Gold 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 Aris Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Aris Stock
Moving against Aris Stock
| 0.83 | FFH | Fairfax Financial | PairCorr |
| 0.78 | WCN | Waste Connections | PairCorr |
| 0.76 | CSU | Constellation Software | PairCorr |
| 0.64 | FSV | FirstService Corp | PairCorr |
| 0.44 | IFC | Intact Financial | PairCorr |
The ability to find closely correlated positions to Aris Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aris Gold 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 Aris Gold - 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 Aris Gold Corp to buy it.
The correlation of Aris Gold 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 Aris Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aris Gold 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 Aris Gold 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 Aris Stock
Aris Gold financial ratios help investors to determine whether Aris 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 Aris with respect to the benefits of owning Aris Gold security.