Toromont Return On Assets from 2010 to 2024
| TIH Stock | CAD 116.61 0.13 0.11% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.11695754 | Current Value 0.0728 | Quarterly Volatility 0.0509296 |
Check Toromont Industries financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Toromont Industries' main balance sheet or income statement drivers, such as Depreciation And Amortization of 191.6 M, Interest Expense of 29.5 M or Selling General Administrative of 567.7 M, as well as many indicators such as Price To Sales Ratio of 2.13, Dividend Yield of 0.0259 or PTB Ratio of 1.97. Toromont financial statements analysis is a perfect complement when working with Toromont Industries Valuation or Volatility modules.
Toromont | Return On Assets |
Pair Trading with Toromont Industries
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 Toromont Industries 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 Toromont Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Toromont Stock
| 0.65 | JPM | JPMorgan Chase | PairCorr |
| 0.55 | RY-PS | Royal Bank | PairCorr |
| 0.52 | BOFA | Bank of America | PairCorr |
| 0.47 | RY-PO | Royal Bank | PairCorr |
| 0.47 | RY-PM | Royal Bank | PairCorr |
The ability to find closely correlated positions to Toromont Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toromont Industries 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 Toromont Industries - 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 Toromont Industries to buy it.
The correlation of Toromont Industries 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 Toromont Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toromont Industries 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 Toromont Industries 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 Toromont Stock
Toromont Industries financial ratios help investors to determine whether Toromont 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 Toromont with respect to the benefits of owning Toromont Industries security.