Agnico Current Deferred Revenue from 2010 to 2024
| AEM Stock | CAD 117.92 1.16 0.99% |
Current Deferred Revenue | First Reported 1993-12-31 | Previous Quarter 157.8 M | Current Value 215.5 M | Quarterly Volatility 86.6 M |
Check Agnico Eagle financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Agnico Eagle's main balance sheet or income statement drivers, such as Interest Expense of 95.8 M, Total Revenue of 7 B or Gross Profit of 2.3 B, as well as many indicators such as Price To Sales Ratio of 7.16, Dividend Yield of 0.025 or PTB Ratio of 1.32. Agnico financial statements analysis is a perfect complement when working with Agnico Eagle Valuation or Volatility modules.
Agnico | Current Deferred Revenue |
Pair Trading with Agnico Eagle
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 Agnico Eagle 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 Agnico Eagle will appreciate offsetting losses from the drop in the long position's value.Moving together with Agnico Stock
The ability to find closely correlated positions to Agnico Eagle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agnico Eagle 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 Agnico Eagle - 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 Agnico Eagle Mines to buy it.
The correlation of Agnico Eagle 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 Agnico Eagle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Agnico Eagle Mines 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 Agnico Eagle 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 Agnico Eagle Correlation against competitors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.