Fury Inventory Turnover from 2010 to 2024
| FURY Stock | CAD 0.60 0.03 5.26% |
Inventory Turnover | First Reported 2010-12-31 | Previous Quarter 1.19 | Current Value 1.25 | Quarterly Volatility 10.41962734 |
Check Fury Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fury Gold's main balance sheet or income statement drivers, such as Other Operating Expenses of 7.8 M, Total Operating Expenses of 7.8 M or Selling General Administrative of 1.2 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 0.5. Fury financial statements analysis is a perfect complement when working with Fury Gold Valuation or Volatility modules.
Fury | Inventory Turnover |
Pair Trading with Fury Gold
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 Fury Gold 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 Fury Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Fury Stock
Moving against Fury Stock
The ability to find closely correlated positions to Fury Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fury Gold 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 Fury Gold - 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 Fury Gold Mines to buy it.
The correlation of Fury Gold 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 Fury Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fury Gold Mines 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 Fury Gold 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 Fury Gold Correlation against competitors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.