Tucows Total Liab from 2010 to 2025
| TC Stock | CAD 24.28 0.35 1.46% |
Total Liabilities | First Reported 1996-03-31 | Previous Quarter 852.1 M | Current Value 854.1 M | Quarterly Volatility 213.8 M |
Check Tucows financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tucows' main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.3 M, Interest Expense of 57.2 M or Selling General Administrative of 101.3 M, as well as many indicators such as Price To Sales Ratio of 0.49, Dividend Yield of 0.0 or Days Sales Outstanding of 35.4. Tucows financial statements analysis is a perfect complement when working with Tucows Valuation or Volatility modules.
Tucows | Total Liab |
Pair Trading with Tucows
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 Tucows 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 Tucows will appreciate offsetting losses from the drop in the long position's value.Moving together with Tucows Stock
Moving against Tucows Stock
The ability to find closely correlated positions to Tucows could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tucows 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 Tucows - 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 Tucows Inc to buy it.
The correlation of Tucows 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 Tucows moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tucows Inc 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 Tucows 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 Tucows Correlation against competitors. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.