Greenfirst Forest Products Stock Five Year Return
GreenFirst Forest Products fundamentals help investors to digest information that contributes to GreenFirst Forest's financial success or failures. It also enables traders to predict the movement of GreenFirst Stock. The fundamental analysis module provides a way to measure GreenFirst Forest's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to GreenFirst Forest stock.
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GreenFirst Forest Products Company Five Year Return Analysis
GreenFirst Forest's Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
More About Five Year Return | All Equity Analysis
Five Year Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
CompetitionAccording to the company disclosure, GreenFirst Forest Products has a Five Year Return of 0.0%. This indicator is about the same for the Paper & Forest Products average (which is currently at 0.0) sector and about the same as Materials (which currently averages 0.0) industry. This indicator is about the same for all Canada stocks average (which is currently at 0.0).
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GreenFirst Fundamentals
| Return On Equity | -0.0969 | ||||
| Return On Asset | -0.038 | ||||
| Profit Margin | (0.1) % | ||||
| Operating Margin | 0.17 % | ||||
| Current Valuation | 140.74 M | ||||
| Shares Outstanding | 22.6 M | ||||
| Shares Owned By Insiders | 42.09 % | ||||
| Shares Owned By Institutions | 36.22 % | ||||
| Number Of Shares Shorted | 3.83 K | ||||
| Price To Book | 0.60 X | ||||
| Price To Sales | 0.24 X | ||||
| Revenue | 409.62 M | ||||
| Gross Profit | (5.69 M) | ||||
| EBITDA | (30.89 M) | ||||
| Net Income | (48.8 M) | ||||
| Total Debt | 25.63 M | ||||
| Book Value Per Share | 9.34 X | ||||
| Cash Flow From Operations | (58.03 M) | ||||
| Short Ratio | 0.64 X | ||||
| Earnings Per Share | (0.88) X | ||||
| Target Price | 2.0 | ||||
| Number Of Employees | 1.1 K | ||||
| Beta | 0.9 | ||||
| Market Capitalization | 99.9 M | ||||
| Total Asset | 296.29 M | ||||
| Retained Earnings | (82.65 M) | ||||
| Working Capital | 53.44 M | ||||
| Net Asset | 296.29 M |
Pair Trading with GreenFirst Forest
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 GreenFirst Forest 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 GreenFirst Forest will appreciate offsetting losses from the drop in the long position's value.Moving together with GreenFirst Stock
Moving against GreenFirst Stock
| 0.77 | ORE | Orezone Gold Corp | PairCorr |
| 0.74 | NHT-U | NexPoint Hospitality | PairCorr |
| 0.68 | VMY-H | Voice Mobility Inter | PairCorr |
| 0.46 | NTR | Nutrien | PairCorr |
| 0.35 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to GreenFirst Forest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenFirst Forest 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 GreenFirst Forest - 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 GreenFirst Forest Products to buy it.
The correlation of GreenFirst Forest 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 GreenFirst Forest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenFirst Forest 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 GreenFirst Forest 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.Other Information on Investing in GreenFirst Stock
GreenFirst Forest financial ratios help investors to determine whether GreenFirst 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 GreenFirst with respect to the benefits of owning GreenFirst Forest security.