Restaurant Price Book Value Ratio from 2010 to 2024
| QSR Stock | CAD 97.51 0.73 0.74% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 8.50542917 | Current Value 5.79 | Quarterly Volatility 3.56902236 |
Check Restaurant Brands financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Restaurant Brands' main balance sheet or income statement drivers, such as Depreciation And Amortization of 176 M, Interest Expense of 489.1 M or Selling General Administrative of 617.8 M, as well as many indicators such as Price To Sales Ratio of 5.2, Dividend Yield of 0.029 or PTB Ratio of 5.79. Restaurant financial statements analysis is a perfect complement when working with Restaurant Brands Valuation or Volatility modules.
Restaurant | Price Book Value Ratio |
Pair Trading with Restaurant Brands
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 Restaurant Brands 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 Restaurant Brands will appreciate offsetting losses from the drop in the long position's value.Moving against Restaurant Stock
The ability to find closely correlated positions to Restaurant Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Restaurant Brands 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 Restaurant Brands - 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 Restaurant Brands International to buy it.
The correlation of Restaurant Brands 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 Restaurant Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Restaurant Brands 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 Restaurant Brands 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.Check out the analysis of Restaurant Brands Correlation against competitors. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.