Finning Price To Free Cash Flows Ratio from 2010 to 2024
| FTT Stock | CAD 37.68 0.42 1.13% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 706.3934187 | Current Value 741.71 | Quarterly Volatility 253.8967229 |
Check Finning International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Finning International's main balance sheet or income statement drivers, such as Depreciation And Amortization of 279.1 M, Interest Expense of 169.1 M or Selling General Administrative of 1.1 B, as well as many indicators such as Price To Sales Ratio of 0.5, Dividend Yield of 0.0166 or PTB Ratio of 1.7. Finning financial statements analysis is a perfect complement when working with Finning International Valuation or Volatility modules.
Finning | Price To Free Cash Flows Ratio |
Pair Trading with Finning International
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 Finning International 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 Finning International will appreciate offsetting losses from the drop in the long position's value.Moving against Finning Stock
The ability to find closely correlated positions to Finning International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Finning International 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 Finning International - 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 Finning International to buy it.
The correlation of Finning International 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 Finning International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Finning International 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 Finning International 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 Finning Stock
Finning International financial ratios help investors to determine whether Finning 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 Finning with respect to the benefits of owning Finning International security.