Roots Operating Income from 2010 to 2026
| ROOT Stock | CAD 3.20 0.05 1.54% |
Operating Income | First Reported 2016-04-30 | Previous Quarter -3.9 M | Current Value 5.3 M | Quarterly Volatility 12.4 M |
Check Roots Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Roots Corp's main balance sheet or income statement drivers, such as Interest Income of 8 M, Depreciation And Amortization of 25.3 M or Interest Expense of 8.8 M, as well as many indicators such as Price To Sales Ratio of 0.4, Dividend Yield of 0.0385 or PTB Ratio of 1.21. Roots financial statements analysis is a perfect complement when working with Roots Corp Valuation or Volatility modules.
Roots | Operating Income |
Latest Roots Corp's Operating Income Growth Pattern
Below is the plot of the Operating Income of Roots Corp over the last few years. Operating Income is the amount of profit realized from Roots Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Roots Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. It is earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations. Roots Corp's Operating Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Roots Corp's overall financial position and show how it may be relating to other accounts over time.
| Operating Income | 10 Years Trend |
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Operating Income |
| Timeline |
Roots Operating Income Regression Statistics
| Arithmetic Mean | 10,662,599 | |
| Coefficient Of Variation | 137.19 | |
| Mean Deviation | 12,417,552 | |
| Median | 13,630,000 | |
| Standard Deviation | 14,628,219 | |
| Sample Variance | 214T | |
| Range | 52.1M | |
| R-Value | 0.56 | |
| Mean Square Error | 156T | |
| R-Squared | 0.32 | |
| Significance | 0.02 | |
| Slope | 1,629,630 | |
| Total Sum of Squares | 3423.8T |
Roots Operating Income History
About Roots Corp Financial Statements
Roots Corp investors utilize fundamental indicators, such as Operating Income, to predict how Roots 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 | ||
| Operating Income | 15.7 M | 18 M |
Pair Trading with Roots Corp
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 Roots Corp 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 Roots Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Roots Stock
| 0.65 | FFH-PI | Fairfax Financial | PairCorr |
| 0.58 | TIG | Triumph Gold Corp | PairCorr |
| 0.56 | FFH | Fairfax Financial | PairCorr |
| 0.46 | FFH-PK | Fairfax Financial | PairCorr |
| 0.46 | DRM | Dream Unlimited Corp | PairCorr |
The ability to find closely correlated positions to Roots Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Roots Corp 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 Roots Corp - 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 Roots Corp to buy it.
The correlation of Roots Corp 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 Roots Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Roots 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 Roots Corp 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 Roots Stock
Roots Corp financial ratios help investors to determine whether Roots 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 Roots with respect to the benefits of owning Roots Corp security.