Postmedia Net Invested Capital from 2010 to 2024
| PNC-B Stock | CAD 1.19 0.00 0.00% |
Net Invested Capital | First Reported 2010-12-31 | Previous Quarter 34.2 M | Current Value 32.5 M | Quarterly Volatility 94.1 M |
Check Postmedia Network financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Postmedia Network's main balance sheet or income statement drivers, such as Depreciation And Amortization of 35.5 M, Interest Expense of 35.6 M or Selling General Administrative of 215.3 M, as well as many indicators such as Price To Sales Ratio of 0.4, Dividend Yield of 0.0 or Days Sales Outstanding of 65.93. Postmedia financial statements analysis is a perfect complement when working with Postmedia Network Valuation or Volatility modules.
Postmedia | Net Invested Capital |
Pair Trading with Postmedia Network
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 Postmedia Network 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 Postmedia Network will appreciate offsetting losses from the drop in the long position's value.Moving together with Postmedia Stock
Moving against Postmedia Stock
| 0.77 | NXE | NexGen Energy | PairCorr |
| 0.7 | BIP-PB | Brookfield Infrastructure | PairCorr |
| 0.62 | ECN | ECN Capital Corp | PairCorr |
The ability to find closely correlated positions to Postmedia Network could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Postmedia Network 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 Postmedia Network - 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 Postmedia Network Canada to buy it.
The correlation of Postmedia Network 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 Postmedia Network moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Postmedia Network Canada 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 Postmedia Network 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.Additional Tools for Postmedia Stock Analysis
When running Postmedia Network's price analysis, check to measure Postmedia Network's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Postmedia Network is operating at the current time. Most of Postmedia Network's value examination focuses on studying past and present price action to predict the probability of Postmedia Network's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Postmedia Network's price. Additionally, you may evaluate how the addition of Postmedia Network to your portfolios can decrease your overall portfolio volatility.