Stingray Cash Flow To Debt Ratio from 2010 to 2024

RAY-A Stock  CAD 7.80  0.07  0.89%   
Stingray Cash Flow To Debt Ratio yearly trend continues to be comparatively stable with very little volatility. Cash Flow To Debt Ratio is likely to outpace its year average in 2024. From the period from 2010 to 2024, Stingray Cash Flow To Debt Ratio quarterly data regression had r-value of  0.21 and coefficient of variation of  54.59. View All Fundamentals
 
Cash Flow To Debt Ratio  
First Reported
2010-12-31
Previous Quarter
0.32536077
Current Value
0.33
Quarterly Volatility
0.15084563
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Stingray financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Stingray's main balance sheet or income statement drivers, such as Depreciation And Amortization of 27.2 M, Selling General Administrative of 96.9 K or Selling And Marketing Expenses of 10.4 M, as well as many indicators such as Price To Sales Ratio of 1.49, Dividend Yield of 0.0517 or PTB Ratio of 2.29. Stingray financial statements analysis is a perfect complement when working with Stingray Valuation or Volatility modules.
  
This module can also supplement various Stingray Technical models . Check out the analysis of Stingray Correlation against competitors.

Pair Trading with Stingray

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 Stingray 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 Stingray will appreciate offsetting losses from the drop in the long position's value.

Moving together with Stingray Stock

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Moving against Stingray Stock

  0.33VZ Verizon CommunicationsPairCorr
The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray 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 Stingray - 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 Stingray Group to buy it.
The correlation of Stingray 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 Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray Group 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 Stingray 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.
Pair CorrelationCorrelation Matching

Additional Tools for Stingray Stock Analysis

When running Stingray's price analysis, check to measure Stingray'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 Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.