Burcon Gross Profit from 2010 to 2024
| BU Stock | CAD 0.10 0.02 16.67% |
Gross Profit | First Reported 1999-06-30 | Previous Quarter -219.5 K | Current Value 24.3 K | Quarterly Volatility 186.9 K |
Check Burcon NutraScience financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Burcon NutraScience's main balance sheet or income statement drivers, such as Interest Expense of 537.2 K, Other Operating Expenses of 5.3 M or Total Operating Expenses of 5.3 M, as well as many indicators such as Price To Sales Ratio of 181, Dividend Yield of 0.0 or PTB Ratio of 6.49. Burcon financial statements analysis is a perfect complement when working with Burcon NutraScience Valuation or Volatility modules.
Burcon | Gross Profit |
Pair Trading with Burcon NutraScience
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 Burcon NutraScience 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 Burcon NutraScience will appreciate offsetting losses from the drop in the long position's value.Moving against Burcon Stock
| 0.57 | FFH | Fairfax Financial | PairCorr |
| 0.51 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.41 | FFH-PD | Fairfax Financial | PairCorr |
| 0.4 | FFH-PM | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Burcon NutraScience could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Burcon NutraScience 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 Burcon NutraScience - 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 Burcon NutraScience to buy it.
The correlation of Burcon NutraScience 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 Burcon NutraScience moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Burcon NutraScience 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 Burcon NutraScience 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 Burcon Stock
Burcon NutraScience financial ratios help investors to determine whether Burcon 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 Burcon with respect to the benefits of owning Burcon NutraScience security.