Orbit Price To Free Cash Flows Ratio from 2010 to 2024
| OGD Stock | CAD 0.85 0.05 5.56% |
Price To Free Cash Flows Ratio | First Reported 2010-12-31 | Previous Quarter 51.2807047 | Current Value 53.84 | Quarterly Volatility 63.26368678 |
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 3.6 M or Selling General Administrative of 13.7 M, as well as many indicators such as Price To Sales Ratio of 0.13, Dividend Yield of 0.0011 or PTB Ratio of 0.39. Orbit financial statements analysis is a perfect complement when working with Orbit Garant Valuation or Volatility modules.
Orbit | Price To Free Cash Flows Ratio |
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 against Orbit Stock
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.