Rubellite Return On Assets from 2010 to 2026
| RBY Stock | 2.61 0.02 0.76% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.0799 | Current Value 0.0689 | Quarterly Volatility 0.01390889 |
Check Rubellite Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Rubellite Energy's main balance sheet or income statement drivers, such as Tax Provision of 10.9 M, Interest Income of 9.8 M or Depreciation And Amortization of 60.2 M, as well as many indicators such as Price To Sales Ratio of 0.91, Dividend Yield of 0.0 or PTB Ratio of 0.74. Rubellite financial statements analysis is a perfect complement when working with Rubellite Energy Valuation or Volatility modules.
Rubellite | Return On Assets |
Evaluating Rubellite Energy's Return On Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Rubellite Energy's fundamental strength.
Latest Rubellite Energy's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Rubellite Energy over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Rubellite Energy's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Rubellite Energy's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Rubellite Return On Assets Regression Statistics
| Arithmetic Mean | 0.07 | |
| Geometric Mean | 0.07 | |
| Coefficient Of Variation | 19.31 | |
| Mean Deviation | 0.01 | |
| Median | 0.07 | |
| Standard Deviation | 0.01 | |
| Sample Variance | 0.0002 | |
| Range | 0.0541 | |
| R-Value | 0.42 | |
| Mean Square Error | 0.0002 | |
| R-Squared | 0.18 | |
| Significance | 0.09 | |
| Slope | 0 | |
| Total Sum of Squares | 0 |
Rubellite Return On Assets History
About Rubellite Energy Financial Statements
Rubellite Energy investors utilize fundamental indicators, such as Return On Assets, to predict how Rubellite Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.08 | 0.07 |
Pair Trading with Rubellite Energy
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 Rubellite Energy 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 Rubellite Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Rubellite Stock
The ability to find closely correlated positions to Rubellite Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rubellite Energy 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 Rubellite Energy - 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 Rubellite Energy to buy it.
The correlation of Rubellite Energy 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 Rubellite Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rubellite Energy 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 Rubellite Energy 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 Rubellite Stock
Rubellite Energy financial ratios help investors to determine whether Rubellite 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 Rubellite with respect to the benefits of owning Rubellite Energy security.