STEP Net Working Capital from 2010 to 2024

STEP Stock  CAD 5.25  0.09  1.74%   
STEP Energy Net Working Capital yearly trend continues to be very stable with very little volatility. Net Working Capital is likely to grow to about 47.5 M this year. During the period from 2010 to 2024, STEP Energy Net Working Capital quarterly data regression pattern had sample variance of 1622.9 T and median of  121,032,000. View All Fundamentals
 
Net Working Capital  
First Reported
2010-12-31
Previous Quarter
42.1 M
Current Value
47.5 M
Quarterly Volatility
40.3 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check STEP Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among STEP Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 62.4 M, Interest Expense of 7.8 M or Selling General Administrative of 11.2 M, as well as many indicators such as Price To Sales Ratio of 0.28, Dividend Yield of 0.0 or PTB Ratio of 0.75. STEP financial statements analysis is a perfect complement when working with STEP Energy Valuation or Volatility modules.
  
This module can also supplement various STEP Energy Technical models . Check out the analysis of STEP Energy Correlation against competitors.

Pair Trading with STEP Energy

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

Moving together with STEP Stock

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Moving against STEP Stock

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

Other Information on Investing in STEP Stock

STEP Energy financial ratios help investors to determine whether STEP Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in STEP with respect to the benefits of owning STEP Energy security.