Chorus Roe from 2010 to 2024
| CHR Stock | CAD 2.94 0.01 0.34% |
ROE | First Reported 2010-12-31 | Previous Quarter 0.08489351 | Current Value 0.0806 | Quarterly Volatility 0.27295204 |
Check Chorus Aviation financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chorus Aviation's main balance sheet or income statement drivers, such as Interest Expense of 109.8 M, Selling General Administrative of 547.4 M or Other Operating Expenses of 1.4 B, as well as many indicators such as Price To Sales Ratio of 0.45, Dividend Yield of 0.0924 or PTB Ratio of 0.4. Chorus financial statements analysis is a perfect complement when working with Chorus Aviation Valuation or Volatility modules.
Chorus | Roe |
Pair Trading with Chorus Aviation
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 Chorus Aviation 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 Chorus Aviation will appreciate offsetting losses from the drop in the long position's value.Moving together with Chorus Stock
Moving against Chorus Stock
| 0.7 | TKU | Tarku Resources | PairCorr |
| 0.61 | TD | Toronto Dominion Bank | PairCorr |
| 0.35 | AQN-PD | Algonquin Power Utilities | PairCorr |
The ability to find closely correlated positions to Chorus Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chorus Aviation 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 Chorus Aviation - 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 Chorus Aviation to buy it.
The correlation of Chorus Aviation 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 Chorus Aviation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chorus Aviation 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 Chorus Aviation 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 Chorus Stock
Chorus Aviation financial ratios help investors to determine whether Chorus 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 Chorus with respect to the benefits of owning Chorus Aviation security.