Cymbria Price To Operating Cash Flows Ratio from 2010 to 2024
| CYB Stock | CAD 73.87 0.17 0.23% |
Price To Operating Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 57.88515936 | Current Value 60.78 | Quarterly Volatility 46.89715983 |
Check Cymbria financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cymbria's main balance sheet or income statement drivers, such as Interest Expense of 2.7 M, Selling General Administrative of 2.7 M or Total Revenue of 252.3 M, as well as many indicators such as Price To Sales Ratio of 10.64, Dividend Yield of 0.0 or PTB Ratio of 0.79. Cymbria financial statements analysis is a perfect complement when working with Cymbria Valuation or Volatility modules.
Cymbria | Price To Operating Cash Flows Ratio |
Pair Trading with Cymbria
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 Cymbria 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 Cymbria will appreciate offsetting losses from the drop in the long position's value.Moving together with Cymbria Stock
Moving against Cymbria Stock
The ability to find closely correlated positions to Cymbria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cymbria 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 Cymbria - 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 Cymbria to buy it.
The correlation of Cymbria 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 Cymbria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cymbria 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 Cymbria 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 Cymbria Stock
Cymbria financial ratios help investors to determine whether Cymbria 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 Cymbria with respect to the benefits of owning Cymbria security.