FirstService Return On Equity from 2010 to 2024
| FSV Stock | CAD 268.05 4.76 1.81% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 0.09802411 | Current Value 0.0526 | Quarterly Volatility 0.21946726 |
Check FirstService Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among FirstService Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 69.7 M, Interest Expense of 49.7 M or Selling General Administrative of 616.9 M, as well as many indicators such as Price To Sales Ratio of 1.76, Dividend Yield of 0.0051 or PTB Ratio of 5.16. FirstService financial statements analysis is a perfect complement when working with FirstService Corp Valuation or Volatility modules.
FirstService | Return On Equity |
Pair Trading with FirstService Corp
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 FirstService Corp 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 FirstService Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with FirstService Stock
Moving against FirstService Stock
| 0.69 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.58 | SLF-PG | Sun Life Non | PairCorr |
| 0.52 | SLF-PC | Sun Life Financial | PairCorr |
| 0.45 | SLF-PD | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to FirstService Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FirstService Corp 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 FirstService Corp - 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 FirstService Corp to buy it.
The correlation of FirstService Corp 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 FirstService Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FirstService Corp 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 FirstService Corp 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.Check out the analysis of FirstService Corp Correlation against competitors. To learn how to invest in FirstService Stock, please use our How to Invest in FirstService Corp guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.