Cameco Total Liab from 2010 to 2024
| CCO Stock | CAD 77.22 0.06 0.08% |
Total Liabilities | First Reported 1993-03-31 | Previous Quarter 3.2 B | Current Value 3.1 B | Quarterly Volatility 990.8 M |
Check Cameco Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cameco Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 235.1 M, Interest Expense of 96.6 M or Selling General Administrative of 123.2 M, as well as many indicators such as Price To Sales Ratio of 10.08, Dividend Yield of 0.002 or PTB Ratio of 4.28. Cameco financial statements analysis is a perfect complement when working with Cameco Corp Valuation or Volatility modules.
Cameco | Total Liab |
Pair Trading with Cameco 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 Cameco 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 Cameco Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Cameco Stock
Moving against Cameco Stock
| 0.72 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.61 | SLF-PC | Sun Life Financial | PairCorr |
| 0.6 | SLF-PD | Sun Life Financial | PairCorr |
| 0.58 | SAGE | Sage Potash Corp | PairCorr |
| 0.39 | SLF-PG | Sun Life Non | PairCorr |
The ability to find closely correlated positions to Cameco 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 Cameco 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 Cameco 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 Cameco Corp to buy it.
The correlation of Cameco 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 Cameco Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cameco 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 Cameco 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.Check out the analysis of Cameco Corp Correlation against competitors. To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.