Solitario Long Term Debt To Capitalization from 2010 to 2024
| SLR Stock | CAD 0.87 0.03 3.57% |
Long Term Debt To Capitalization | First Reported 2010-12-31 | Previous Quarter 0.25 | Current Value 0.16 | Quarterly Volatility 0.05427664 |
Check Solitario Exploration financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Solitario Exploration's main balance sheet or income statement drivers, such as Depreciation And Amortization of 23.8 K, Interest Expense of 800.6 K or Selling General Administrative of 1.6 K, as well as many indicators such as Price To Sales Ratio of 46.72, Dividend Yield of 0.0 or PTB Ratio of 1.41. Solitario financial statements analysis is a perfect complement when working with Solitario Exploration Valuation or Volatility modules.
Solitario | Long Term Debt To Capitalization |
Pair Trading with Solitario Exploration
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 Solitario Exploration 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 Solitario Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Solitario Stock
Moving against Solitario Stock
| 0.46 | IE | Ivanhoe Energy | PairCorr |
| 0.43 | IVS | Inventus Mining Corp | PairCorr |
| 0.33 | DFR | Diamond Fields Resources | PairCorr |
The ability to find closely correlated positions to Solitario Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solitario Exploration 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 Solitario Exploration - 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 Solitario Exploration Royalty to buy it.
The correlation of Solitario Exploration 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 Solitario Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solitario Exploration 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 Solitario Exploration 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 Solitario Exploration Correlation against competitors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.