Liberty Income Quality from 2010 to 2024

LGD Stock  CAD 0.29  0.01  3.57%   
Liberty Gold Income Quality yearly trend continues to be very stable with very little volatility. Income Quality is likely to drop to 0.48. Income Quality is an assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure. View All Fundamentals
 
Income Quality  
First Reported
2010-12-31
Previous Quarter
0.78270635
Current Value
0.48
Quarterly Volatility
0.7170563
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Liberty Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Liberty Gold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.5 M, Interest Expense of 18.8 M or Selling General Administrative of 1.5 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 2.62. Liberty financial statements analysis is a perfect complement when working with Liberty Gold Valuation or Volatility modules.
  
This module can also supplement various Liberty Gold Technical models . Check out the analysis of Liberty Gold Correlation against competitors.

Pair Trading with Liberty 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 Liberty 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 Liberty Gold will appreciate offsetting losses from the drop in the long position's value.

Moving together with Liberty Stock

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  0.71INFM Infinico Metals CorpPairCorr

Moving against Liberty Stock

  0.84TSLA Tesla Inc CDRPairCorr
  0.8AMZN Amazon CDRPairCorr
  0.8JPM JPMorgan ChasePairCorr
  0.64GOOG Alphabet CDRPairCorr
  0.61NVDA NVIDIA CDRPairCorr
The ability to find closely correlated positions to Liberty 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 Liberty 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 Liberty 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 Liberty Gold Corp to buy it.
The correlation of Liberty 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 Liberty Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Liberty 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 Liberty 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Liberty Stock

Liberty Gold financial ratios help investors to determine whether Liberty 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 Liberty with respect to the benefits of owning Liberty Gold security.