Boardwalk Price To Sales Ratio from 2010 to 2024
| BEI-UN Stock | CAD 70.30 0.39 0.56% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 5.99119336 | Current Value 3.89 | Quarterly Volatility 1.14255026 |
Check Boardwalk Real financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Boardwalk Real's main balance sheet or income statement drivers, such as Depreciation And Amortization of 388 M, Interest Expense of 86.9 M or Selling General Administrative of 26.6 M, as well as many indicators such as Price To Sales Ratio of 3.89, Dividend Yield of 0.0286 or PTB Ratio of 0.72. Boardwalk financial statements analysis is a perfect complement when working with Boardwalk Real Valuation or Volatility modules.
Boardwalk | Price To Sales Ratio |
Pair Trading with Boardwalk Real
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 Boardwalk Real 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 Boardwalk Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Boardwalk Stock
Moving against Boardwalk Stock
| 0.93 | LQWD | LQwD FinTech Corp | PairCorr |
| 0.81 | ERC | Eros Resources Corp | PairCorr |
| 0.67 | MATE | Blockmate Ventures Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Boardwalk Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boardwalk Real 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 Boardwalk Real - 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 Boardwalk Real Estate to buy it.
The correlation of Boardwalk Real 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 Boardwalk Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boardwalk Real Estate 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 Boardwalk Real 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 Boardwalk Stock
Boardwalk Real financial ratios help investors to determine whether Boardwalk 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 Boardwalk with respect to the benefits of owning Boardwalk Real security.