Tidewater Fixed Asset Turnover from 2010 to 2024

TWM Stock  CAD 0.14  0.00  0.00%   
Tidewater Midstream Fixed Asset Turnover yearly trend continues to be very stable with very little volatility. Fixed Asset Turnover is likely to grow to 2.51 this year. During the period from 2010 to 2024, Tidewater Midstream Fixed Asset Turnover quarterly data regression pattern had sample variance of  0.74 and median of  0.27. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
2.38864251
Current Value
2.51
Quarterly Volatility
0.85918242
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Tidewater Midstream financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tidewater Midstream's main balance sheet or income statement drivers, such as Interest Income of 19.9 M, Depreciation And Amortization of 63.2 M or Interest Expense of 103.8 M, as well as many indicators such as Price To Sales Ratio of 0.19, Dividend Yield of 0.0245 or PTB Ratio of 1.12. Tidewater financial statements analysis is a perfect complement when working with Tidewater Midstream Valuation or Volatility modules.
  
This module can also supplement various Tidewater Midstream Technical models . Check out the analysis of Tidewater Midstream Correlation against competitors.

Pair Trading with Tidewater Midstream

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 Tidewater Midstream 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 Tidewater Midstream will appreciate offsetting losses from the drop in the long position's value.

Moving against Tidewater Stock

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

Tidewater Midstream financial ratios help investors to determine whether Tidewater 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 Tidewater with respect to the benefits of owning Tidewater Midstream security.