HR-UN Price To Book Ratio from 2010 to 2024
| HR-UN Stock | CAD 9.93 0.02 0.20% |
Price To Book Ratio | First Reported 2010-12-31 | Previous Quarter 0.50711536 | Current Value 0.48 | Quarterly Volatility 0.28396977 |
Check HR Real financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among HR Real's main balance sheet or income statement drivers, such as Depreciation And Amortization of 45.9 M, Total Revenue of 739.5 M or Gross Profit of 494.7 M, as well as many indicators such as Price To Sales Ratio of 2.77, Dividend Yield of 0.0784 or PTB Ratio of 0.48. HR-UN financial statements analysis is a perfect complement when working with HR Real Valuation or Volatility modules.
HR-UN | Price To Book Ratio |
Pair Trading with HR Real
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 HR Real 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 HR Real will appreciate offsetting losses from the drop in the long position's value.Moving together with HR-UN Stock
Moving against HR-UN Stock
The ability to find closely correlated positions to HR Real could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HR Real 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 HR Real - 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 HR Real Estate to buy it.
The correlation of HR Real 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 HR Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HR Real Estate 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 HR Real 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.Additional Tools for HR-UN Stock Analysis
When running HR Real's price analysis, check to measure HR Real's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HR Real is operating at the current time. Most of HR Real's value examination focuses on studying past and present price action to predict the probability of HR Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HR Real's price. Additionally, you may evaluate how the addition of HR Real to your portfolios can decrease your overall portfolio volatility.