Leons Common Stock Total Equity from 2010 to 2024
| LNF Stock | CAD 27.12 0.46 1.73% |
Common Stock Total Equity | First Reported 2001-09-30 | Previous Quarter 164 M | Current Value 164.7 M | Quarterly Volatility 47.9 M |
Check Leons Furniture financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Leons Furniture's main balance sheet or income statement drivers, such as Depreciation And Amortization of 113.2 M, Interest Expense of 29.6 M or Selling General Administrative of 942.6 M, as well as many indicators such as Price To Sales Ratio of 0.48, Dividend Yield of 0.0246 or PTB Ratio of 2.33. Leons financial statements analysis is a perfect complement when working with Leons Furniture Valuation or Volatility modules.
Leons | Common Stock Total Equity |
Pair Trading with Leons Furniture
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 Leons Furniture 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 Leons Furniture will appreciate offsetting losses from the drop in the long position's value.Moving against Leons Stock
| 0.78 | ONEX | Onex Corp | PairCorr |
| 0.77 | ENB | Enbridge | PairCorr |
| 0.63 | X | TMX Group Limited | PairCorr |
| 0.6 | SU | Suncor Energy | PairCorr |
| 0.53 | MGA | Mega Uranium | PairCorr |
The ability to find closely correlated positions to Leons Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Leons Furniture 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 Leons Furniture - 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 Leons Furniture Limited to buy it.
The correlation of Leons Furniture 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 Leons Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Leons Furniture 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 Leons Furniture 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 Leons Stock
Leons Furniture financial ratios help investors to determine whether Leons 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 Leons with respect to the benefits of owning Leons Furniture security.