Great Financial Statements From 2010 to 2024
| GWO-PQ Preferred Stock | CAD 21.32 0.09 0.42% |
Check Great Wes financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Great Wes' main balance sheet or income statement drivers, such as , as well as many indicators such as . Great financial statements analysis is a perfect complement when working with Great Wes Valuation or Volatility modules.
Great |
Great Wes 515 Company Beta Analysis
Great Wes' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Great Wes Beta | 0.83 |
Most of Great Wes' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Great Wes 515 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Great Wes 515 has a Beta of 0.8345. This indicator is about the same for the Financial Services average (which is currently at 0.82) sector and 24.14% lower than that of the Insurance - Life industry. The beta for all Canada preferred stocks is notably lower than that of the firm.
Great Wes 515 Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Great Wes's current stock value. Our valuation model uses many indicators to compare Great Wes value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Great Wes competition to find correlations between indicators driving Great Wes's intrinsic value. More Info.Great Wes 515 is one of the top stocks in price to earning category among its peers. It also is one of the top stocks in price to sales category among its peers fabricating about 0.06 of Price To Sales per Price To Earning. The ratio of Price To Earning to Price To Sales for Great Wes 515 is roughly 16.10 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Great Wes by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Great Wes' Preferred Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Great Wes Financial Statements
Great Wes stakeholders use historical fundamental indicators, such as Great Wes' revenue or net income, to determine how well the company is positioned to perform in the future. Although Great Wes investors may analyze each financial statement separately, they are all interrelated. For example, changes in Great Wes' assets and liabilities are reflected in the revenues and expenses on Great Wes' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Great Wes 515. Please read more on our technical analysis and fundamental analysis pages.
Great-West Lifeco Inc., a financial services holding company, engages in life and health insurance, asset management, investment and retirement savings, and reinsurance businesses in Canada, the United States, and Europe. Great-West Lifeco Inc. is a subsidiary of Power Financial Corporation. GREAT WEST operates under Insurance - Life classification in Canada and is traded on Toronto Stock Exchange. It employs 24200 people.
Pair Trading with Great Wes
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 Great Wes 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 Great Wes will appreciate offsetting losses from the drop in the long position's value.Moving against Great Preferred Stock
| 0.81 | JPM | JPMorgan Chase | PairCorr |
| 0.6 | AMZN | Amazon CDR | PairCorr |
| 0.55 | BN | Brookfield | PairCorr |
| 0.53 | WMT | Walmart Inc CDR | PairCorr |
| 0.49 | COST | Costco Wholesale Corp | PairCorr |
The ability to find closely correlated positions to Great Wes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Wes 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 Great Wes - 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 Great Wes 515 to buy it.
The correlation of Great Wes 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 Great Wes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Wes 515 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 Great Wes 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 Great Preferred Stock
Great Wes financial ratios help investors to determine whether Great Preferred 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 Great with respect to the benefits of owning Great Wes security.