Sentry Average Payables from 2010 to 2025
| PME Stock | CAD 4.90 0.01 0.20% |
Average Payables | First Reported 2010-12-31 | Previous Quarter 239.4 K | Current Value 212.8 K | Quarterly Volatility 14.5 K |
Check Sentry Select financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sentry Select's main balance sheet or income statement drivers, such as Selling General Administrative of 330.6 K, Selling And Marketing Expenses of 900.8 K or Total Revenue of 60.9 K, as well as many indicators such as Price To Sales Ratio of 295, Dividend Yield of 0.13 or PTB Ratio of 1.1. Sentry financial statements analysis is a perfect complement when working with Sentry Select Valuation or Volatility modules.
Sentry | Average Payables |
Pair Trading with Sentry Select
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 Sentry Select 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 Sentry Select will appreciate offsetting losses from the drop in the long position's value.Moving together with Sentry Stock
| 0.92 | AG | First Majestic Silver | PairCorr |
| 0.91 | ORE | Orezone Gold Corp | PairCorr |
| 0.68 | FDR | Flinders Resources Earnings Call Today | PairCorr |
| 0.64 | FDY | Faraday Copper Corp | PairCorr |
Moving against Sentry Stock
The ability to find closely correlated positions to Sentry Select could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sentry Select 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 Sentry Select - 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 Sentry Select Primary to buy it.
The correlation of Sentry Select 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 Sentry Select moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sentry Select Primary 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 Sentry Select 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 Sentry Stock
Sentry Select financial ratios help investors to determine whether Sentry 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 Sentry with respect to the benefits of owning Sentry Select security.