Gfl Price Earnings Ratio from 2010 to 2024
| GFL Stock | CAD 64.11 0.18 0.28% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 372.18032144 | Current Value 390.79 | Quarterly Volatility 150.13924948 |
Check Gfl Environmental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gfl Environmental's main balance sheet or income statement drivers, such as Tax Provision of 167.9 M, Interest Income of 494.8 M or Depreciation And Amortization of 1 B, as well as many indicators such as Price To Sales Ratio of 4.05, Dividend Yield of 0.001 or PTB Ratio of 4.51. Gfl financial statements analysis is a perfect complement when working with Gfl Environmental Valuation or Volatility modules.
Gfl | Price Earnings Ratio |
Pair Trading with Gfl Environmental
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 Gfl Environmental 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 Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with Gfl Stock
Moving against Gfl Stock
| 0.86 | GUD | Knight Therapeutics | PairCorr |
| 0.52 | EDV | Endeavour Mining Corp | PairCorr |
| 0.49 | PKI | Parkland Fuel | PairCorr |
The ability to find closely correlated positions to Gfl Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfl Environmental 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 Gfl Environmental - 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 Gfl Environmental Holdings to buy it.
The correlation of Gfl Environmental 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 Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental 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 Gfl Environmental 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 Gfl Environmental Correlation against competitors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.