Chemtrade Price To Sales Ratio from 2010 to 2024
| CHE-UN Stock | CAD 11.50 0.06 0.52% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.53614152 | Current Value 0.89 | Quarterly Volatility 0.32959983 |
Check Chemtrade Logistics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Chemtrade Logistics' main balance sheet or income statement drivers, such as Depreciation And Amortization of 124.8 M, Total Revenue of 1.1 B or Gross Profit of 441.7 M, as well as many indicators such as Price To Sales Ratio of 0.89, Dividend Yield of 0.1 or PTB Ratio of 1.25. Chemtrade financial statements analysis is a perfect complement when working with Chemtrade Logistics Valuation or Volatility modules.
Chemtrade | Price To Sales Ratio |
Pair Trading with Chemtrade Logistics
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 Chemtrade Logistics 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 Chemtrade Logistics will appreciate offsetting losses from the drop in the long position's value.Moving together with Chemtrade Stock
| 0.7 | AG | First Majestic Silver | PairCorr |
| 0.8 | IE | Ivanhoe Energy | PairCorr |
| 0.87 | FDY | Faraday Copper Corp | PairCorr |
Moving against Chemtrade Stock
The ability to find closely correlated positions to Chemtrade Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chemtrade Logistics 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 Chemtrade Logistics - 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 Chemtrade Logistics Income to buy it.
The correlation of Chemtrade Logistics 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 Chemtrade Logistics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chemtrade Logistics 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 Chemtrade Logistics 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 Chemtrade Stock
Chemtrade Logistics financial ratios help investors to determine whether Chemtrade 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 Chemtrade with respect to the benefits of owning Chemtrade Logistics security.