Orla Operating Margin from 2010 to 2024
| OLA Stock | CAD 6.42 0.01 0.16% |
Check Orla Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Orla Mining's main balance sheet or income statement drivers, such as Interest Expense of 11.9 M, Selling General Administrative of 17.5 M or Other Operating Expenses of 151.6 M, as well as many indicators such as Price To Sales Ratio of 4.13, Dividend Yield of 0.0 or PTB Ratio of 2.41. Orla financial statements analysis is a perfect complement when working with Orla Mining Valuation or Volatility modules.
Orla | Operating Margin |
Pair Trading with Orla Mining
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 Orla Mining 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 Orla Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Orla Stock
| 0.84 | AG | First Majestic Silver | PairCorr |
| 0.78 | IE | Ivanhoe Energy | PairCorr |
| 0.68 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Orla Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orla Mining 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 Orla Mining - 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 Orla Mining to buy it.
The correlation of Orla Mining 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 Orla Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orla Mining 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 Orla Mining 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.Check out the analysis of Orla Mining Correlation against competitors. To learn how to invest in Orla Stock, please use our How to Invest in Orla Mining guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.