Imperial Common Stock Total Equity from 2010 to 2024
| III Stock | CAD 2.12 0.02 0.93% |
Common Stock Total Equity | First Reported 2012-12-31 | Previous Quarter 319.2 M | Current Value 319.2 M | Quarterly Volatility 84.1 M |
Check Imperial Metals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Imperial Metals' main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.3 M, Interest Expense of 32.9 M or Selling General Administrative of 4 M, as well as many indicators such as Price To Sales Ratio of 0.95, Dividend Yield of 0.0 or PTB Ratio of 0.78. Imperial financial statements analysis is a perfect complement when working with Imperial Metals Valuation or Volatility modules.
Imperial | Common Stock Total Equity |
Pair Trading with Imperial Metals
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 Imperial Metals 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 Imperial Metals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Imperial Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Metals 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 Imperial Metals - 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 Imperial Metals to buy it.
The correlation of Imperial Metals 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 Imperial Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Metals 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 Imperial Metals 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 Imperial Stock
Imperial Metals financial ratios help investors to determine whether Imperial 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 Imperial with respect to the benefits of owning Imperial Metals security.