Excellon Free Cash Flow from 2010 to 2024
| EXN Stock | CAD 0.1 0.01 5.00% |
Free Cash Flow | First Reported 2002-09-30 | Previous Quarter -345 K | Current Value -595 K | Quarterly Volatility 2.7 M |
Check Excellon Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Excellon Resources' main balance sheet or income statement drivers, such as Interest Expense of 4.9 M, Selling General Administrative of 5.6 M or Other Operating Expenses of 11.1 M, as well as many indicators such as Price To Sales Ratio of 0.48, Dividend Yield of 0.0 or Days Sales Outstanding of 10.65. Excellon financial statements analysis is a perfect complement when working with Excellon Resources Valuation or Volatility modules.
Excellon | Free Cash Flow |
Pair Trading with Excellon Resources
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 Excellon Resources 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 Excellon Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Excellon Stock
The ability to find closely correlated positions to Excellon Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excellon Resources 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 Excellon Resources - 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 Excellon Resources to buy it.
The correlation of Excellon Resources 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 Excellon Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excellon Resources 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 Excellon Resources 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 Excellon Stock
Excellon Resources financial ratios help investors to determine whether Excellon 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 Excellon with respect to the benefits of owning Excellon Resources security.