Parkland Earnings Yield from 2010 to 2024
| PKI Stock | CAD 36.15 0.59 1.61% |
Earnings Yield | First Reported 2010-12-31 | Previous Quarter 0.06273923 | Current Value 0.0749 | Quarterly Volatility 0.02241356 |
Check Parkland Fuel financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Parkland Fuel's main balance sheet or income statement drivers, such as Depreciation And Amortization of 864.1 M, Interest Expense of 369.6 M or Selling General Administrative of 1.2 B, as well as many indicators such as Price To Sales Ratio of 0.22, Dividend Yield of 0.0173 or PTB Ratio of 1.96. Parkland financial statements analysis is a perfect complement when working with Parkland Fuel Valuation or Volatility modules.
Parkland | Earnings Yield |
Pair Trading with Parkland Fuel
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 Parkland Fuel 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 Parkland Fuel will appreciate offsetting losses from the drop in the long position's value.Moving against Parkland Stock
| 0.5 | X | TMX Group Limited | PairCorr |
| 0.39 | L | Loblaw Companies | PairCorr |
| 0.37 | WN | George Weston Limited | PairCorr |
| 0.35 | ONEX | Onex Corp | PairCorr |
The ability to find closely correlated positions to Parkland Fuel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parkland Fuel 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 Parkland Fuel - 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 Parkland Fuel to buy it.
The correlation of Parkland Fuel 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 Parkland Fuel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parkland Fuel 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 Parkland Fuel 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 Parkland Stock
Parkland Fuel financial ratios help investors to determine whether Parkland 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 Parkland with respect to the benefits of owning Parkland Fuel security.