Cogeco Free Cash Flow from 2010 to 2024
| CCA Stock | CAD 68.63 0.65 0.94% |
Free Cash Flow | First Reported 1996-11-30 | Previous Quarter -36.6 M | Current Value 160.9 M | Quarterly Volatility 80.7 M |
Check Cogeco Communications financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cogeco Communications' main balance sheet or income statement drivers, such as Depreciation And Amortization of 749.2 M, Interest Expense of 284 M or Selling General Administrative of 19.9 M, as well as many indicators such as Price To Sales Ratio of 1.74, Dividend Yield of 0.0553 or PTB Ratio of 1.26. Cogeco financial statements analysis is a perfect complement when working with Cogeco Communications Valuation or Volatility modules.
Cogeco | Free Cash Flow |
Pair Trading with Cogeco Communications
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 Cogeco Communications 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 Cogeco Communications will appreciate offsetting losses from the drop in the long position's value.Moving together with Cogeco Stock
Moving against Cogeco Stock
The ability to find closely correlated positions to Cogeco Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cogeco Communications 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 Cogeco Communications - 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 Cogeco Communications to buy it.
The correlation of Cogeco Communications 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 Cogeco Communications moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cogeco Communications 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 Cogeco Communications 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 Cogeco Stock
Cogeco Communications financial ratios help investors to determine whether Cogeco 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 Cogeco with respect to the benefits of owning Cogeco Communications security.