Capital Operating Income from 2010 to 2024
| CPX Stock | CAD 61.00 0.07 0.11% |
Operating Income | First Reported 2010-03-31 | Previous Quarter 80 M | Current Value 294 M | Quarterly Volatility 157.2 M |
Check Capital Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Capital Power's main balance sheet or income statement drivers, such as Depreciation And Amortization of 334.6 M, Interest Expense of 128.8 M or Total Revenue of 4.2 B, as well as many indicators such as Price To Sales Ratio of 1.05, Dividend Yield of 0.0847 or PTB Ratio of 1.45. Capital financial statements analysis is a perfect complement when working with Capital Power Valuation or Volatility modules.
Capital | Operating Income |
Pair Trading with Capital Power
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 Capital Power 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 Capital Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Capital Stock
Moving against Capital Stock
The ability to find closely correlated positions to Capital Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Power 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 Capital Power - 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 Capital Power to buy it.
The correlation of Capital Power 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 Capital Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital Power 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 Capital Power 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 Capital Stock
Capital Power financial ratios help investors to determine whether Capital 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 Capital with respect to the benefits of owning Capital Power security.