Canso Price To Operating Cash Flows Ratio from 2010 to 2024
| PBY-UN Stock | CAD 15.72 0.07 0.44% |
Price To Operating Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 155.95883847 | Current Value 163.76 | Quarterly Volatility 246.26270164 |
Check Canso Credit financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canso Credit's main balance sheet or income statement drivers, such as Depreciation And Amortization of 176.3 K, Selling General Administrative of 3 M or Other Operating Expenses of 5.8 M, as well as many indicators such as Price To Sales Ratio of 10.67, Dividend Yield of 0.0577 or PTB Ratio of 1.13. Canso financial statements analysis is a perfect complement when working with Canso Credit Valuation or Volatility modules.
Canso | Price To Operating Cash Flows Ratio |
Pair Trading with Canso Credit
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 Canso Credit 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 Canso Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with Canso Stock
The ability to find closely correlated positions to Canso Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canso Credit 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 Canso Credit - 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 Canso Credit Trust to buy it.
The correlation of Canso Credit 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 Canso Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canso Credit Trust 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 Canso Credit 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 Canso Stock
Canso Credit financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Credit security.