PyroGenesis Total Assets from 2010 to 2024
| PYR Stock | CAD 0.64 0.02 3.03% |
Total Assets | First Reported 2006-03-31 | Previous Quarter 26 M | Current Value 29.5 M | Quarterly Volatility 22.3 M |
Check PyroGenesis Canada financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among PyroGenesis Canada's main balance sheet or income statement drivers, such as Interest Expense of 469 K, Selling General Administrative of 33.6 M or Total Revenue of 8.3 M, as well as many indicators such as Price To Sales Ratio of 5.88, Dividend Yield of 0.0 or Days Sales Outstanding of 208. PyroGenesis financial statements analysis is a perfect complement when working with PyroGenesis Canada Valuation or Volatility modules.
PyroGenesis | Total Assets |
Pair Trading with PyroGenesis Canada
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 PyroGenesis Canada 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 PyroGenesis Canada will appreciate offsetting losses from the drop in the long position's value.Moving against PyroGenesis Stock
| 0.85 | JPM | JPMorgan Chase | PairCorr |
| 0.75 | WMT | Walmart Inc CDR | PairCorr |
| 0.73 | COST | Costco Wholesale Corp | PairCorr |
| 0.67 | BN | Brookfield | PairCorr |
| 0.62 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to PyroGenesis Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PyroGenesis Canada 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 PyroGenesis Canada - 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 PyroGenesis Canada to buy it.
The correlation of PyroGenesis Canada 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 PyroGenesis Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PyroGenesis Canada 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 PyroGenesis Canada 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 PyroGenesis Stock
PyroGenesis Canada financial ratios help investors to determine whether PyroGenesis 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 PyroGenesis with respect to the benefits of owning PyroGenesis Canada security.