Prime Free Cash Flow Yield from 2010 to 2024
| PDV Stock | CAD 8.35 0.02 0.24% |
Free Cash Flow Yield | First Reported 2010-12-31 | Previous Quarter 0.38 | Current Value 0.4 | Quarterly Volatility 0.11374887 |
Check Prime Dividend financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Prime Dividend's main balance sheet or income statement drivers, such as Depreciation And Amortization of 79.7 K, Interest Expense of 0.0 or Selling General Administrative of 181.5 K, as well as many indicators such as Price To Sales Ratio of 49.12, Dividend Yield of 0.3 or PTB Ratio of 1.06. Prime financial statements analysis is a perfect complement when working with Prime Dividend Valuation or Volatility modules.
Prime | Free Cash Flow Yield |
Pair Trading with Prime Dividend
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 Prime Dividend 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 Prime Dividend will appreciate offsetting losses from the drop in the long position's value.Moving together with Prime Stock
Moving against Prime Stock
The ability to find closely correlated positions to Prime Dividend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Dividend 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 Prime Dividend - 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 Prime Dividend Corp to buy it.
The correlation of Prime Dividend 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 Prime Dividend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prime Dividend 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 Prime Dividend 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 Prime Stock
Prime Dividend financial ratios help investors to determine whether Prime 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 Prime with respect to the benefits of owning Prime Dividend security.