Goeasy Financial Statements From 2010 to 2024
| GSY Stock | CAD 174.03 1.03 0.60% |
Check Goeasy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Goeasy's main balance sheet or income statement drivers, such as , as well as many indicators such as . Goeasy financial statements analysis is a perfect complement when working with Goeasy Valuation or Volatility modules.
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goeasy Company Profit Margin Analysis
Goeasy's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Goeasy Profit Margin | 0.35 % |
Most of Goeasy's fundamental indicators, such as Profit Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, goeasy is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
| Competition |
Based on the latest financial disclosure, goeasy has a Profit Margin of 0.3531%. This is 96.97% lower than that of the Consumer Finance sector and 97.65% lower than that of the Financials industry. The profit margin for all Canada stocks is 127.8% lower than that of the firm.
goeasy Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Goeasy's current stock value. Our valuation model uses many indicators to compare Goeasy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Goeasy competition to find correlations between indicators driving Goeasy's intrinsic value. More Info.goeasy is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers reporting about 0.25 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for goeasy is roughly 4.00 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Goeasy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Goeasy's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Goeasy Financial Statements
Goeasy investors utilize fundamental indicators, such as revenue or net income, to predict how Goeasy Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
goeasy Ltd. provides loans and other financial services to consumers in Canada. The company was formerly known as easyhome Ltd. and changed its name to goeasy Ltd. in September 2015. goeasy Ltd. was founded in 1990 and is headquartered in Mississauga, Canada. GOEASY operates under Credit Services classification in Canada and is traded on Toronto Stock Exchange.
Pair Trading with Goeasy
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 Goeasy 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 Goeasy will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Goeasy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goeasy 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 Goeasy - 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 goeasy to buy it.
The correlation of Goeasy 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 Goeasy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if goeasy 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 Goeasy 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 Goeasy Stock
Goeasy financial ratios help investors to determine whether Goeasy 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 Goeasy with respect to the benefits of owning Goeasy security.