Taiga Price Sales Ratio from 2010 to 2024
| TBL Stock | CAD 3.84 0.01 0.26% |
Price Sales Ratio | First Reported 2010-12-31 | Previous Quarter 0.18247962 | Current Value 0.19 | Quarterly Volatility 0.06617892 |
Check Taiga Building financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Taiga Building's main balance sheet or income statement drivers, such as Depreciation And Amortization of 12.9 M, Interest Expense of 4.8 M or Total Revenue of 1.4 B, as well as many indicators such as Price To Sales Ratio of 0.19, Dividend Yield of 0.13 or PTB Ratio of 0.81. Taiga financial statements analysis is a perfect complement when working with Taiga Building Valuation or Volatility modules.
Taiga | Price Sales Ratio |
Pair Trading with Taiga Building
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 Taiga Building 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 Taiga Building will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Taiga Building could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiga Building 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 Taiga Building - 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 Taiga Building Products to buy it.
The correlation of Taiga Building 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 Taiga Building moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taiga Building Products 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 Taiga Building 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 Taiga Stock
Taiga Building financial ratios help investors to determine whether Taiga 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 Taiga with respect to the benefits of owning Taiga Building security.