Trilogy Return On Capital Employed from 2010 to 2024
| TMQ Stock | CAD 1.52 0.04 2.56% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter (0.05) | Current Value (0.05) | Quarterly Volatility 0.30268784 |
Check Trilogy Metals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trilogy Metals' main balance sheet or income statement drivers, such as Depreciation And Amortization of 6.8 K, Interest Expense of 65.2 K or Selling General Administrative of 1.7 M, as well as many indicators such as Price To Sales Ratio of 8.5, Dividend Yield of 0.0 or PTB Ratio of 0.52. Trilogy financial statements analysis is a perfect complement when working with Trilogy Metals Valuation or Volatility modules.
Trilogy | Return On Capital Employed |
Pair Trading with Trilogy Metals
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 Trilogy Metals 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 Trilogy Metals will appreciate offsetting losses from the drop in the long position's value.Moving against Trilogy Stock
| 0.89 | HPQ | HPQ Silicon Resources | PairCorr |
| 0.74 | ORE | Orezone Gold Corp | PairCorr |
| 0.72 | IZ | International Zeolite | PairCorr |
| 0.69 | INFM | Infinico Metals Corp | PairCorr |
| 0.41 | NG | NovaGold Resources | PairCorr |
The ability to find closely correlated positions to Trilogy Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trilogy Metals 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 Trilogy Metals - 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 Trilogy Metals to buy it.
The correlation of Trilogy Metals 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 Trilogy Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trilogy Metals 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 Trilogy Metals 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 Trilogy Metals Correlation against competitors. To learn how to invest in Trilogy Stock, please use our How to Invest in Trilogy Metals guide.You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.