Bengal Quick Ratio from 2010 to 2026
| BNG Stock | CAD 0.02 0.01 100.00% |
Quick Ratio | First Reported 2010-12-31 | Previous Quarter 2.16 | Current Value 2.05 | Quarterly Volatility 2.5010371 |
Check Bengal Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Bengal Energy's main balance sheet or income statement drivers, such as Interest Expense of 127.8 K, Selling General Administrative of 2.6 M or Total Revenue of 5.9 M, as well as many indicators such as Price To Sales Ratio of 1.55, Dividend Yield of 0.0 or PTB Ratio of 0.33. Bengal financial statements analysis is a perfect complement when working with Bengal Energy Valuation or Volatility modules.
Bengal | Quick Ratio |
Latest Bengal Energy's Quick Ratio Growth Pattern
Below is the plot of the Quick Ratio of Bengal Energy over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Bengal Energy's Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Bengal Energy's overall financial position and show how it may be relating to other accounts over time.
| Quick Ratio | 10 Years Trend |
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Quick Ratio |
| Timeline |
Bengal Quick Ratio Regression Statistics
| Arithmetic Mean | 2.09 | |
| Geometric Mean | 1.40 | |
| Coefficient Of Variation | 119.83 | |
| Mean Deviation | 1.31 | |
| Median | 1.62 | |
| Standard Deviation | 2.50 | |
| Sample Variance | 6.26 | |
| Range | 11.0221 | |
| R-Value | (0.25) | |
| Mean Square Error | 6.24 | |
| R-Squared | 0.06 | |
| Significance | 0.32 | |
| Slope | (0.13) | |
| Total Sum of Squares | 100.08 |
Bengal Quick Ratio History
About Bengal Energy Financial Statements
Bengal Energy investors utilize fundamental indicators, such as Quick Ratio, to predict how Bengal 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 | ||
| Quick Ratio | 2.16 | 2.05 |
Pair Trading with Bengal Energy
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 Bengal Energy 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 Bengal Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Bengal Stock
The ability to find closely correlated positions to Bengal Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bengal Energy 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 Bengal Energy - 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 Bengal Energy to buy it.
The correlation of Bengal Energy 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 Bengal Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bengal Energy 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 Bengal Energy 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 Bengal Stock
Bengal Energy financial ratios help investors to determine whether Bengal 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 Bengal with respect to the benefits of owning Bengal Energy security.