Advantage Intangible Assets from 2010 to 2026
| AAV Stock | CAD 10.61 0.12 1.12% |
Intangible Assets | First Reported 1985-12-31 | Previous Quarter 5.2 M | Current Value 22.5 M | Quarterly Volatility 139.9 M |
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 242.5 M, Interest Expense of 42.3 M or Selling General Administrative of 31.6 M, as well as many indicators such as Price To Sales Ratio of 1.74, Dividend Yield of 0.0217 or PTB Ratio of 0.5. Advantage financial statements analysis is a perfect complement when working with Advantage Oil Valuation or Volatility modules.
Advantage | Intangible Assets |
Evaluating Advantage Oil's Intangible Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Advantage Oil Gas's fundamental strength.
Latest Advantage Oil's Intangible Assets Growth Pattern
Below is the plot of the Intangible Assets of Advantage Oil Gas over the last few years. It is non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value. Advantage Oil's Intangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Advantage Oil's overall financial position and show how it may be relating to other accounts over time.
| Intangible Assets | 10 Years Trend |
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Intangible Assets |
| Timeline |
Advantage Intangible Assets Regression Statistics
| Arithmetic Mean | 24,243,081 | |
| Geometric Mean | 4,535,764 | |
| Coefficient Of Variation | 352.03 | |
| Mean Deviation | 38,960,184 | |
| Median | 2,991,000 | |
| Standard Deviation | 85,342,798 | |
| Sample Variance | 7283.4T | |
| Range | 352.4M | |
| R-Value | (0.40) | |
| Mean Square Error | 6519T | |
| R-Squared | 0.16 | |
| Significance | 0.11 | |
| Slope | (6,778,852) | |
| Total Sum of Squares | 116534.3T |
Advantage Intangible Assets History
About Advantage Oil Financial Statements
Advantage Oil investors utilize fundamental indicators, such as Intangible Assets, to predict how Advantage Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Intangible Assets | 4.7 M | 4.5 M |
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 together with Advantage Stock
Moving against Advantage Stock
| 0.86 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.86 | BNP | BNP Paribas CDR | PairCorr |
| 0.82 | TD | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.82 | BMO | Bank of Montreal Earnings Call This Week | PairCorr |
| 0.75 | ENB-PFC | Enbridge Pref 11 | 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.