Imperial Net Income from 2010 to 2024
| IMO Stock | CAD 103.68 2.24 2.11% |
Net Income | First Reported 1990-03-31 | Previous Quarter 1.1 B | Current Value 1.2 B | Quarterly Volatility 485.6 M |
Check Imperial Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Imperial Oil's main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.1 B, Interest Expense of 76.2 M or Selling General Administrative of 1 B, as well as many indicators such as Price To Sales Ratio of 0.9, Dividend Yield of 0.0246 or PTB Ratio of 1.96. Imperial financial statements analysis is a perfect complement when working with Imperial Oil Valuation or Volatility modules.
Imperial | Net Income |
Pair Trading with Imperial Oil
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 Oil 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 Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Imperial Stock
The ability to find closely correlated positions to Imperial Oil 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 Oil 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 Oil - 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 Oil to buy it.
The correlation of Imperial Oil 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 Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Oil 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 Oil 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 Imperial Oil Correlation against competitors. To learn how to invest in Imperial Stock, please use our How to Invest in Imperial Oil guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.