Metro Return On Capital Employed from 2010 to 2024
| MRU Stock | CAD 89.73 0.74 0.83% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter 0.19 | Current Value 0.21 | Quarterly Volatility 0.05053697 |
Check Metro financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Metro's main balance sheet or income statement drivers, such as Depreciation And Amortization of 634.2 M, Interest Expense of 181.1 M or Total Revenue of 25 B, as well as many indicators such as Price To Sales Ratio of 0.95, Dividend Yield of 0.011 or PTB Ratio of 1.95. Metro financial statements analysis is a perfect complement when working with Metro Valuation or Volatility modules.
Metro | Return On Capital Employed |
Pair Trading with Metro
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 Metro 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 Metro will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Metro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metro 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 Metro - 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 Metro Inc to buy it.
The correlation of Metro 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 Metro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metro Inc 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 Metro 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 Metro Stock
Metro financial ratios help investors to determine whether Metro 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 Metro with respect to the benefits of owning Metro security.