Excelsior Total Debt To Capitalization from 2010 to 2024
| MIN Stock | CAD 0.18 0.03 14.29% |
Total Debt To Capitalization | First Reported 2010-12-31 | Previous Quarter (1.85) | Current Value (1.76) | Quarterly Volatility 0.95640715 |
Check Excelsior Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Excelsior Mining's main balance sheet or income statement drivers, such as Interest Expense of 3.7 M, Selling General Administrative of 3.4 M or Other Operating Expenses of 7.5 M, as well as many indicators such as Price To Sales Ratio of 13.0, Dividend Yield of 0.0 or Days Sales Outstanding of 17.68. Excelsior financial statements analysis is a perfect complement when working with Excelsior Mining Valuation or Volatility modules.
Excelsior | Total Debt To Capitalization |
Pair Trading with Excelsior Mining
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 Excelsior Mining 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 Excelsior Mining will appreciate offsetting losses from the drop in the long position's value.Moving against Excelsior Stock
| 0.64 | ORE | Orezone Gold Corp | PairCorr |
| 0.54 | TD | Toronto Dominion Bank | PairCorr |
| 0.52 | INFM | Infinico Metals Corp | PairCorr |
| 0.4 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Excelsior Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excelsior Mining 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 Excelsior Mining - 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 Excelsior Mining Corp to buy it.
The correlation of Excelsior Mining 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 Excelsior Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excelsior Mining 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 Excelsior Mining 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 Excelsior Stock
Excelsior Mining financial ratios help investors to determine whether Excelsior 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 Excelsior with respect to the benefits of owning Excelsior Mining security.