IAMGold Return On Assets from 2010 to 2024
| IMG Stock | CAD 7.99 0.04 0.50% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.01852861 | Current Value 0.0102 | Quarterly Volatility 0.10699172 |
Check IAMGold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among IAMGold's main balance sheet or income statement drivers, such as Depreciation And Amortization of 148.5 M, Interest Expense of 36.2 M or Selling General Administrative of 32.7 M, as well as many indicators such as Price To Sales Ratio of 1.17, Dividend Yield of 0.0034 or PTB Ratio of 0.52. IAMGold financial statements analysis is a perfect complement when working with IAMGold Valuation or Volatility modules.
IAMGold | Return On Assets |
Pair Trading with IAMGold
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 IAMGold 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 IAMGold will appreciate offsetting losses from the drop in the long position's value.Moving together with IAMGold Stock
The ability to find closely correlated positions to IAMGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAMGold 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 IAMGold - 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 IAMGold to buy it.
The correlation of IAMGold 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 IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold 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 IAMGold 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 IAMGold Correlation against competitors. To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.