Advantage Debt Equity Ratio from 2010 to 2024
| AAV Stock | CAD 9.37 0.23 2.40% |
Debt Equity Ratio | First Reported 2010-12-31 | Previous Quarter 0.22618719 | Current Value 0.21 | Quarterly Volatility 0.18524553 |
Check Advantage Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Advantage Oil's main balance sheet or income statement drivers, such as Depreciation And Amortization of 96.9 M, Interest Expense of 42.3 M or Selling General Administrative of 29.6 M, as well as many indicators such as Price To Sales Ratio of 1.73, Dividend Yield of 0.0217 or PTB Ratio of 0.49. Advantage financial statements analysis is a perfect complement when working with Advantage Oil Valuation or Volatility modules.
Advantage | Debt Equity Ratio |
Pair Trading with Advantage Oil
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 Advantage Oil 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 Advantage Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Advantage Stock
| 0.44 | ENS | E Split Corp | PairCorr |
| 0.4 | FFH | Fairfax Financial | PairCorr |
| 0.38 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.35 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.32 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Advantage Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantage Oil 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 Advantage Oil - 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 Advantage Oil Gas to buy it.
The correlation of Advantage Oil 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 Advantage Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advantage Oil Gas 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 Advantage Oil 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 Advantage Stock
Advantage Oil financial ratios help investors to determine whether Advantage 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 Advantage with respect to the benefits of owning Advantage Oil security.