B2Gold Income Quality from 2010 to 2024
| BTO Stock | CAD 3.98 0.02 0.51% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 17.17930653 | Current Value 18.04 | Quarterly Volatility 6.19517533 |
Check B2Gold Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among B2Gold Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 422.5 M, Interest Expense of 10.7 M or Selling General Administrative of 56.7 M, as well as many indicators such as Price To Sales Ratio of 1.91, Dividend Yield of 0.025 or PTB Ratio of 1.21. B2Gold financial statements analysis is a perfect complement when working with B2Gold Corp Valuation or Volatility modules.
B2Gold | Income Quality |
Pair Trading with B2Gold Corp
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 B2Gold Corp 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 B2Gold Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with B2Gold Stock
Moving against B2Gold Stock
The ability to find closely correlated positions to B2Gold Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace B2Gold Corp 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 B2Gold Corp - 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 B2Gold Corp to buy it.
The correlation of B2Gold Corp 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 B2Gold Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if B2Gold Corp 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 B2Gold Corp 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 B2Gold Corp Correlation against competitors. To learn how to invest in B2Gold Stock, please use our How to Invest in B2Gold Corp guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.