Jamieson Net Receivables from 2010 to 2024
| JWEL Stock | CAD 35.91 0.18 0.50% |
Net Receivables | First Reported 2016-12-31 | Previous Quarter 137.5 M | Current Value 152.3 M | Quarterly Volatility 31.1 M |
Check Jamieson Wellness financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Jamieson Wellness' main balance sheet or income statement drivers, such as Depreciation And Amortization of 12 M, Interest Expense of 23.9 M or Selling General Administrative of 85 M, as well as many indicators such as Price To Sales Ratio of 3.0, Dividend Yield of 0.0215 or PTB Ratio of 3.18. Jamieson financial statements analysis is a perfect complement when working with Jamieson Wellness Valuation or Volatility modules.
Jamieson | Net Receivables |
Pair Trading with Jamieson Wellness
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 Jamieson Wellness 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 Jamieson Wellness will appreciate offsetting losses from the drop in the long position's value.Moving together with Jamieson Stock
Moving against Jamieson Stock
The ability to find closely correlated positions to Jamieson Wellness could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jamieson Wellness 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 Jamieson Wellness - 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 Jamieson Wellness to buy it.
The correlation of Jamieson Wellness 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 Jamieson Wellness moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jamieson Wellness 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 Jamieson Wellness 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 Jamieson Stock
Jamieson Wellness financial ratios help investors to determine whether Jamieson 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 Jamieson with respect to the benefits of owning Jamieson Wellness security.