Medipharm Net Invested Capital from 2010 to 2025
| LABS Stock | CAD 0.09 0.01 6.25% |
Net Invested Capital | First Reported 2020-03-31 | Previous Quarter 45.6 M | Current Value 43.4 M | Quarterly Volatility 31.8 M |
Check Medipharm Labs financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Medipharm Labs' main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.6 M, Interest Expense of 547.2 K or Selling General Administrative of 15.8 M, as well as many indicators such as Price To Sales Ratio of 0.78, Dividend Yield of 0.0 or PTB Ratio of 0.49. Medipharm financial statements analysis is a perfect complement when working with Medipharm Labs Valuation or Volatility modules.
Medipharm | Net Invested Capital |
Pair Trading with Medipharm Labs
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 Medipharm Labs 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 Medipharm Labs will appreciate offsetting losses from the drop in the long position's value.Moving together with Medipharm Stock
Moving against Medipharm Stock
The ability to find closely correlated positions to Medipharm Labs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medipharm Labs 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 Medipharm Labs - 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 Medipharm Labs Corp to buy it.
The correlation of Medipharm Labs 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 Medipharm Labs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Medipharm Labs Corp 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 Medipharm Labs 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 Medipharm Stock
Medipharm Labs financial ratios help investors to determine whether Medipharm 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 Medipharm with respect to the benefits of owning Medipharm Labs security.