BCE Net Income From Continuing Ops from 2010 to 2024
| BCE Stock | CAD 37.90 0.08 0.21% |
Net Income From Continuing Ops | First Reported 2016-12-31 | Previous Quarter 604 M | Current Value -1.2 B | Quarterly Volatility 363.4 M |
Check BCE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among BCE's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.5 B, Interest Expense of 1.6 B or Selling General Administrative of 2.6 B, as well as many indicators such as Price To Sales Ratio of 1.29, Dividend Yield of 0.0416 or PTB Ratio of 1.71. BCE financial statements analysis is a perfect complement when working with BCE Valuation or Volatility modules.
BCE | Net Income From Continuing Ops |
Pair Trading with BCE
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 BCE 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 BCE will appreciate offsetting losses from the drop in the long position's value.Moving against BCE Stock
| 0.92 | BOFA | Bank of America | PairCorr |
| 0.9 | JPM | JPMorgan Chase | PairCorr |
| 0.86 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.83 | TD-PFI | Toronto Dominion Bank Earnings Call This Week | PairCorr |
| 0.82 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to BCE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BCE 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 BCE - 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 BCE Inc to buy it.
The correlation of BCE 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 BCE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BCE 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 BCE 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 BCE Correlation against competitors. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.