Laramide Net Debt To E B I T D A from 2010 to 2024
| LAM Stock | CAD 0.70 0.01 1.41% |
Net Debt To EBITDA | First Reported 2010-12-31 | Previous Quarter 1.72319847 | Current Value 1.81 | Quarterly Volatility 3.93111849 |
Check Laramide Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Laramide Resources' main balance sheet or income statement drivers, such as Depreciation And Amortization of 4 K, Interest Expense of 545.3 K or Selling General Administrative of 1.8 M, as well as many indicators such as Price To Sales Ratio of 833, Dividend Yield of 0.0 or PTB Ratio of 1.65. Laramide financial statements analysis is a perfect complement when working with Laramide Resources Valuation or Volatility modules.
Laramide | Net Debt To E B I T D A |
Pair Trading with Laramide Resources
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 Laramide Resources 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 Laramide Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Laramide Stock
Moving against Laramide Stock
| 0.69 | SLF-PG | Sun Life Non | PairCorr |
| 0.55 | SAGE | Sage Potash Corp | PairCorr |
| 0.49 | MFC-PC | Manulife Finl Srs | PairCorr |
| 0.44 | SLF-PD | Sun Life Financial | PairCorr |
| 0.39 | SLF-PC | Sun Life Financial | PairCorr |
The ability to find closely correlated positions to Laramide Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Laramide Resources 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 Laramide Resources - 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 Laramide Resources to buy it.
The correlation of Laramide Resources 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 Laramide Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Laramide Resources 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 Laramide Resources 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 Laramide Stock
Laramide Resources financial ratios help investors to determine whether Laramide 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 Laramide with respect to the benefits of owning Laramide Resources security.