MEG Financial Statements From 2010 to 2025
| MEG Stock | CAD 22.98 0.36 1.54% |
Check MEG Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MEG Energy's main balance sheet or income statement drivers, such as , as well as many indicators such as . MEG financial statements analysis is a perfect complement when working with MEG Energy Valuation or Volatility modules.
MEG |
MEG Energy Corp Company Return On Asset Analysis
MEG Energy's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current MEG Energy Return On Asset | 0.075 |
Most of MEG Energy's fundamental indicators, such as Return On Asset, 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, MEG Energy Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
| Competition |
Based on the latest financial disclosure, MEG Energy Corp has a Return On Asset of 0.075. This is 87.5% higher than that of the Oil, Gas & Consumable Fuels sector and 101.03% lower than that of the Energy industry. The return on asset for all Canada stocks is 153.57% lower than that of the firm.
MEG Energy Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining MEG Energy's current stock value. Our valuation model uses many indicators to compare MEG Energy value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across MEG Energy competition to find correlations between indicators driving MEG Energy's intrinsic value. More Info.MEG Energy Corp is regarded third in return on equity category among its peers. It is regarded second in return on asset category among its peers reporting about 0.69 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for MEG Energy Corp is roughly 1.45 . Comparative valuation analysis is a catch-all model that can be used if you cannot value MEG Energy by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for MEG Energy'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 MEG Energy Financial Statements
MEG Energy investors utilize fundamental indicators, such as revenue or net income, to predict how MEG 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.
MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. The company was incorporated in 1999 and is headquartered in Calgary, Canada. MEG ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 449 people.
Pair Trading with MEG Energy
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 MEG Energy 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 MEG Energy will appreciate offsetting losses from the drop in the long position's value.Moving against MEG Stock
| 0.62 | OIII | O3 Mining | PairCorr |
| 0.47 | FFH-PH | Fairfax Financial | PairCorr |
| 0.45 | FFH | Fairfax Financial | PairCorr |
| 0.42 | FFH-PG | Fairfax Fin Hld | PairCorr |
| 0.39 | FFH-PF | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to MEG Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MEG Energy 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 MEG Energy - 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 MEG Energy Corp to buy it.
The correlation of MEG Energy 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 MEG Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MEG Energy 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 MEG Energy 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 MEG Stock
MEG Energy financial ratios help investors to determine whether MEG 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 MEG with respect to the benefits of owning MEG Energy security.