Onex Price To Sales Ratio from 2010 to 2024
| ONEX Stock | CAD 113.93 1.31 1.14% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 5.04424039 | Current Value 5.3 | Quarterly Volatility 2.97636951 |
Check Onex Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Onex Corp's main balance sheet or income statement drivers, such as Depreciation And Amortization of 33.2 M, Interest Expense of 2.2 M or Total Revenue of 1 B, as well as many indicators such as Price To Sales Ratio of 5.3, Dividend Yield of 0.0042 or PTB Ratio of 0.74. Onex financial statements analysis is a perfect complement when working with Onex Corp Valuation or Volatility modules.
Onex | Price To Sales Ratio |
Pair Trading with Onex Corp
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 Onex Corp 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 Onex Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Onex Stock
| 0.86 | RY-PS | Royal Bank Earnings Call This Week | PairCorr |
| 0.69 | RY | Royal Bank Earnings Call This Week | PairCorr |
| 0.82 | RY-PM | Royal Bank Earnings Call This Week | PairCorr |
| 0.82 | TD-PFI | Toronto Dominion Bank | PairCorr |
Moving against Onex Stock
The ability to find closely correlated positions to Onex Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Onex Corp 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 Onex Corp - 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 Onex Corp to buy it.
The correlation of Onex Corp 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 Onex Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onex Corp 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 Onex Corp 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 Onex Stock
Onex Corp financial ratios help investors to determine whether Onex 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 Onex with respect to the benefits of owning Onex Corp security.