Mccoy Return On Capital Employed from 2010 to 2024
| MCB Stock | CAD 2.96 0.02 0.68% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter 0.13517861 | Current Value 0.0933 | Quarterly Volatility 0.16547452 |
Check Mccoy Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mccoy Global's main balance sheet or income statement drivers, such as Depreciation And Amortization of 4 M, Interest Expense of 539.8 K or Selling General Administrative of 14.1 M, as well as many indicators such as Price To Sales Ratio of 0.52, Dividend Yield of 0.0081 or PTB Ratio of 1.75. Mccoy financial statements analysis is a perfect complement when working with Mccoy Global Valuation or Volatility modules.
Mccoy | Return On Capital Employed |
Pair Trading with Mccoy Global
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 Mccoy Global 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 Mccoy Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Mccoy Stock
| 0.81 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.64 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.69 | ENS | E Split Corp | PairCorr |
Moving against Mccoy Stock
The ability to find closely correlated positions to Mccoy Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mccoy Global 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 Mccoy Global - 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 Mccoy Global to buy it.
The correlation of Mccoy Global 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 Mccoy Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mccoy Global 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 Mccoy Global 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 Mccoy Stock
Mccoy Global financial ratios help investors to determine whether Mccoy 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 Mccoy with respect to the benefits of owning Mccoy Global security.