Boyd Net Working Capital from 2010 to 2026
| BYD Stock | CAD 230.32 6.93 3.10% |
Net Working Capital | First Reported 2020-03-31 | Previous Quarter -187.5 M | Current Value -143 M | Quarterly Volatility 137.3 M |
Check Boyd Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Boyd Group's main balance sheet or income statement drivers, such as Depreciation And Amortization of 120.2 M, Interest Expense of 83.2 M or Total Revenue of 3.7 B, as well as many indicators such as Price To Sales Ratio of 0.7, Dividend Yield of 0.0021 or PTB Ratio of 3.42. Boyd financial statements analysis is a perfect complement when working with Boyd Group Valuation or Volatility modules.
Boyd | Net Working Capital |
Evaluating Boyd Group's Net Working Capital across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Boyd Group Services's fundamental strength.
Latest Boyd Group's Net Working Capital Growth Pattern
Below is the plot of the Net Working Capital of Boyd Group Services over the last few years. It is Boyd Group's Net Working Capital historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Boyd Group's overall financial position and show how it may be relating to other accounts over time.
| Net Working Capital | 10 Years Trend |
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Net Working Capital |
| Timeline |
Boyd Net Working Capital Regression Statistics
| Arithmetic Mean | (77,349,388) | |
| Coefficient Of Variation | (97.55) | |
| Mean Deviation | 71,164,293 | |
| Median | (58,056,000) | |
| Standard Deviation | 75,454,259 | |
| Sample Variance | 5693.3T | |
| Range | 171.6M | |
| R-Value | (0.89) | |
| Mean Square Error | 1284.2T | |
| R-Squared | 0.79 | |
| Slope | (13,268,603) | |
| Total Sum of Squares | 91093.5T |
Boyd Net Working Capital History
About Boyd Group Financial Statements
Boyd Group investors utilize fundamental indicators, such as Net Working Capital, to predict how Boyd 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 | ||
| Net Working Capital | -147.9 M | -155.3 M |
Pair Trading with Boyd Group
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 Boyd Group 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 Boyd Group will appreciate offsetting losses from the drop in the long position's value.Moving against Boyd Stock
The ability to find closely correlated positions to Boyd Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Group 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 Boyd Group - 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 Boyd Group Services to buy it.
The correlation of Boyd Group 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 Boyd Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Group Services 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 Boyd Group 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 Boyd Group Correlation against competitors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.