Journey Graham Number from 2010 to 2026
| JOY Stock | CAD 3.39 0.08 2.42% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 3.58 | Current Value 3.41 | Quarterly Volatility 4.54119716 |
Check Journey Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Journey Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 29.8 M, Selling General Administrative of 10.5 M or Selling And Marketing Expenses of 2.3 M, as well as many indicators such as Price To Sales Ratio of 0.63, Dividend Yield of 0.0666 or PTB Ratio of 0.39. Journey financial statements analysis is a perfect complement when working with Journey Energy Valuation or Volatility modules.
Journey | Graham Number |
Evaluating Journey Energy's Graham Number across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Journey Energy's fundamental strength.
Latest Journey Energy's Graham Number Growth Pattern
Below is the plot of the Graham Number of Journey Energy over the last few years. It is Journey Energy's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Journey Energy's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
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Graham Number |
| Timeline |
Journey Graham Number Regression Statistics
| Arithmetic Mean | 7.68 | |
| Geometric Mean | 6.46 | |
| Coefficient Of Variation | 59.12 | |
| Mean Deviation | 3.84 | |
| Median | 9.55 | |
| Standard Deviation | 4.54 | |
| Sample Variance | 20.62 | |
| Range | 15.817 | |
| R-Value | 0.09 | |
| Mean Square Error | 21.83 | |
| R-Squared | 0.01 | |
| Significance | 0.74 | |
| Slope | 0.08 | |
| Total Sum of Squares | 329.96 |
Journey Graham Number History
About Journey Energy Financial Statements
Journey Energy investors utilize fundamental indicators, such as Graham Number, to predict how Journey Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 3.58 | 3.41 |
Pair Trading with Journey Energy
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 Journey Energy 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 Journey Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Journey Stock
| 0.91 | RY | Royal Bank | PairCorr |
| 0.9 | TD | Toronto Dominion Bank | PairCorr |
| 0.89 | CITI | CITIGROUP CDR | PairCorr |
| 0.85 | AUUA | Aluula Composites Earnings Call This Week | PairCorr |
| 0.78 | ENB-PFC | Enbridge Pref 11 Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Journey Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Journey Energy 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 Journey Energy - 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 Journey Energy to buy it.
The correlation of Journey Energy 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 Journey Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Energy 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 Journey Energy 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 Journey Stock
Journey Energy financial ratios help investors to determine whether Journey 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 Journey with respect to the benefits of owning Journey Energy security.