Surge Capex To Revenue from 2010 to 2024
| SGY Stock | CAD 5.71 0.15 2.56% |
Capex To Revenue | First Reported 2010-12-31 | Previous Quarter 0.3250239 | Current Value 0.31 | Quarterly Volatility 0.782948 |
Check Surge Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Surge Energy's main balance sheet or income statement drivers, such as Interest Expense of 42.7 M, Total Revenue of 586.6 M or Gross Profit of 98.9 M, as well as many indicators such as Price To Sales Ratio of 1.09, Dividend Yield of 0.0816 or PTB Ratio of 0.59. Surge financial statements analysis is a perfect complement when working with Surge Energy Valuation or Volatility modules.
Surge | Capex To Revenue |
Pair Trading with Surge 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 Surge 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Surge Stock
| 0.58 | FFH | Fairfax Financial | PairCorr |
| 0.54 | ENS | E Split Corp | PairCorr |
| 0.51 | ELF | E L Financial | PairCorr |
| 0.5 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.48 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Surge 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 Surge 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 Surge 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 Surge Energy to buy it.
The correlation of Surge 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 Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge 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 Surge 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 Surge Stock
Surge Energy financial ratios help investors to determine whether Surge 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 Surge with respect to the benefits of owning Surge Energy security.