Fairfax Price Fair Value from 2010 to 2024
| FFH Stock | CAD 1,971 15.75 0.81% |
Price Fair Value | First Reported 2010-12-31 | Previous Quarter 1.01574369 | Current Value 1.34 | Quarterly Volatility 0.29149863 |
Check Fairfax Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fairfax Financial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 940.8 M, Interest Expense of 535.5 M or Selling General Administrative of 408.7 M, as well as many indicators such as Price To Sales Ratio of 0.99, Dividend Yield of 0.0162 or PTB Ratio of 1.34. Fairfax financial statements analysis is a perfect complement when working with Fairfax Financial Valuation or Volatility modules.
Fairfax | Price Fair Value |
Pair Trading with Fairfax Financial
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 Fairfax Financial 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 Fairfax Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Fairfax Stock
| 0.73 | ELF | E L Financial | PairCorr |
| 0.88 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.66 | FFH-PK | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Fairfax Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fairfax Financial 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 Fairfax Financial - 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 Fairfax Financial Holdings to buy it.
The correlation of Fairfax Financial 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 Fairfax Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairfax Financial 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 Fairfax Financial 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 Fairfax Stock
Fairfax Financial financial ratios help investors to determine whether Fairfax 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 Fairfax with respect to the benefits of owning Fairfax Financial security.