Alithya Price To Free Cash Flows Ratio from 2010 to 2024
| ALYA Stock | CAD 1.69 0.09 5.62% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 13.0305464 | Current Value 12.38 | Quarterly Volatility 280.50955847 |
Check Alithya Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Alithya Group's main balance sheet or income statement drivers, such as Tax Provision of 58 K, Interest Income of 1.1 M or Depreciation And Amortization of 16.9 M, as well as many indicators such as Price To Sales Ratio of 0.38, Dividend Yield of 0.15 or PTB Ratio of 1.05. Alithya financial statements analysis is a perfect complement when working with Alithya Group Valuation or Volatility modules.
Alithya | Price To Free Cash Flows Ratio |
Pair Trading with Alithya Group
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 Alithya Group 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 Alithya Group will appreciate offsetting losses from the drop in the long position's value.Moving against Alithya Stock
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| 0.62 | VISA | Visa Inc CDR | PairCorr |
| 0.44 | GOOG | Alphabet CDR | PairCorr |
| 0.42 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.31 | INTC | INTEL CDR | PairCorr |
The ability to find closely correlated positions to Alithya Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alithya Group 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 Alithya Group - 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 Alithya Group inc to buy it.
The correlation of Alithya Group 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 Alithya Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alithya Group inc 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 Alithya Group 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 Alithya Stock
Alithya Group financial ratios help investors to determine whether Alithya 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 Alithya with respect to the benefits of owning Alithya Group security.