Interfor Good Will from 2010 to 2024
| IFP Stock | CAD 19.17 0.08 0.42% |
Good Will | First Reported 2005-12-31 | Previous Quarter 573 M | Current Value 566.9 M | Quarterly Volatility 174.8 M |
Check Interfor Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Interfor Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 241.1 M, Interest Expense of 73.9 M or Selling General Administrative of 78.2 M, as well as many indicators such as Price To Sales Ratio of 0.38, Dividend Yield of 0.0406 or PTB Ratio of 0.82. Interfor financial statements analysis is a perfect complement when working with Interfor Corp Valuation or Volatility modules.
Interfor | Good Will |
Pair Trading with Interfor Corp
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 Interfor Corp 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 Interfor Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Interfor Stock
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Moving against Interfor Stock
The ability to find closely correlated positions to Interfor Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Interfor Corp 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 Interfor Corp - 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 Interfor Corp to buy it.
The correlation of Interfor Corp 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 Interfor Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Interfor Corp 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 Interfor Corp 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 Interfor Stock
Interfor Corp financial ratios help investors to determine whether Interfor 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 Interfor with respect to the benefits of owning Interfor Corp security.