Sandstorm Price To Operating Cash Flows Ratio from 2010 to 2024
| SSL Stock | CAD 8.12 0.08 0.98% |
Price To Operating Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 9.79435326 | Current Value 10.28 | Quarterly Volatility 48.2 K |
Check Sandstorm Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sandstorm Gold's main balance sheet or income statement drivers, such as Interest Expense of 41.5 M, Selling General Administrative of 7.3 M or Other Operating Expenses of 47.4 M, as well as many indicators such as Price To Sales Ratio of 15.77, Dividend Yield of 0.0138 or PTB Ratio of 0.99. Sandstorm financial statements analysis is a perfect complement when working with Sandstorm Gold Valuation or Volatility modules.
Sandstorm | Price To Operating Cash Flows Ratio |
Pair Trading with Sandstorm Gold
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 Sandstorm Gold 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 Sandstorm Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Sandstorm Stock
Moving against Sandstorm Stock
The ability to find closely correlated positions to Sandstorm Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sandstorm Gold 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 Sandstorm Gold - 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 Sandstorm Gold Ltd to buy it.
The correlation of Sandstorm Gold 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 Sandstorm Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sandstorm Gold 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 Sandstorm Gold 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 Sandstorm Gold Correlation against competitors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.