Shawcor Cash from 2010 to 2024
| MATR Stock | 13.51 0.29 2.19% |
Cash | First Reported 1992-12-31 | Previous Quarter 316 M | Current Value 253.6 M | Quarterly Volatility 84.5 M |
Check Shawcor financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Shawcor's main balance sheet or income statement drivers, such as Depreciation And Amortization of 56.1 M, Total Revenue of 1.1 B or Gross Profit of 316.7 M, as well as many indicators such as Price To Sales Ratio of 1.4, Dividend Yield of 0.0402 or PTB Ratio of 2.37. Shawcor financial statements analysis is a perfect complement when working with Shawcor Valuation or Volatility modules.
Shawcor | Cash |
Pair Trading with Shawcor
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 Shawcor 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 Shawcor will appreciate offsetting losses from the drop in the long position's value.Moving against Shawcor Stock
| 0.37 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.35 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.35 | AAPL | Apple Inc CDR | PairCorr |
| 0.35 | NVDA | NVIDIA CDR | PairCorr |
| 0.34 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to Shawcor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shawcor 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 Shawcor - 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 Shawcor to buy it.
The correlation of Shawcor 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 Shawcor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shawcor 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 Shawcor 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 Shawcor Stock
Shawcor financial ratios help investors to determine whether Shawcor 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 Shawcor with respect to the benefits of owning Shawcor security.