Orbit Operating Margin from 2010 to 2026
| OGD Stock | CAD 1.77 0.03 1.67% |
Check Orbit Garant financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Orbit Garant's main balance sheet or income statement drivers, such as Depreciation And Amortization of 10.8 M, Interest Expense of 1.8 M or Selling General Administrative of 13.9 M, as well as many indicators such as Price To Sales Ratio of 0.68, Dividend Yield of 0.0011 or PTB Ratio of 1.01. Orbit financial statements analysis is a perfect complement when working with Orbit Garant Valuation or Volatility modules.
Orbit | Operating Margin |
Evaluating Orbit Garant's Operating Margin across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Orbit Garant Drilling's fundamental strength.
Latest Orbit Garant's Operating Margin Growth Pattern
Below is the plot of the Operating Profit Margin of Orbit Garant Drilling over the last few years. It is Orbit Garant's Operating Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Orbit Garant's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.03 % | 10 Years Trend |
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Operating Profit Margin |
| Timeline |
Orbit Operating Margin Regression Statistics
| Arithmetic Mean | (0.01) | |
| Geometric Mean | 0.03 | |
| Coefficient Of Variation | (1,074) | |
| Mean Deviation | 0.06 | |
| Median | 0.0007 | |
| Standard Deviation | 0.09 | |
| Sample Variance | 0.01 | |
| Range | 0.3424 | |
| R-Value | 0.41 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.16 | |
| Significance | 0.11 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.12 |
Orbit Operating Margin History
About Orbit Garant Financial Statements
Orbit Garant investors utilize fundamental indicators, such as Operating Margin, to predict how Orbit Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Africa. Orbit Garant Drilling Inc. was founded in 1965 and is headquartered in Val-dOr, Canada. ORBIT GARANT operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 1116 people.
Pair Trading with Orbit Garant
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 Orbit Garant 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 Orbit Garant will appreciate offsetting losses from the drop in the long position's value.Moving together with Orbit Stock
Moving against Orbit Stock
| 0.74 | CSU | Constellation Software | PairCorr |
| 0.71 | IFC | Intact Financial | PairCorr |
| 0.41 | FFH | Fairfax Financial Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Orbit Garant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit Garant 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 Orbit Garant - 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 Orbit Garant Drilling to buy it.
The correlation of Orbit Garant 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 Orbit Garant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbit Garant Drilling 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 Orbit Garant 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 Orbit Stock
Orbit Garant financial ratios help investors to determine whether Orbit 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 Orbit with respect to the benefits of owning Orbit Garant security.