K92 Return On Assets from 2010 to 2024
| KNT Stock | CAD 8.94 0.11 1.22% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.0803305 | Current Value 0.0843 | Quarterly Volatility 0.93974386 |
Check K92 Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among K92 Mining's main balance sheet or income statement drivers, such as Depreciation And Amortization of 33.4 M, Interest Expense of 3.5 M or Selling General Administrative of 12.8 M, as well as many indicators such as Price To Sales Ratio of 4.71, Dividend Yield of 0.0 or PTB Ratio of 3.11. K92 financial statements analysis is a perfect complement when working with K92 Mining Valuation or Volatility modules.
K92 | Return On Assets |
Pair Trading with K92 Mining
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 K92 Mining 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 K92 Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with K92 Stock
Moving against K92 Stock
The ability to find closely correlated positions to K92 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K92 Mining 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 K92 Mining - 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 K92 Mining to buy it.
The correlation of K92 Mining 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 K92 Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if K92 Mining 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 K92 Mining 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 K92 Stock
K92 Mining financial ratios help investors to determine whether K92 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 K92 with respect to the benefits of owning K92 Mining security.