Topaz Cash Flow To Debt Ratio from 2010 to 2024
| TPZ Stock | CAD 27.81 1.17 4.04% |
Cash Flow To Debt Ratio | First Reported 2010-12-31 | Previous Quarter 0.76748426 | Current Value 0.54 | Quarterly Volatility 0.05178998 |
Check Topaz Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Topaz Energy's main balance sheet or income statement drivers, such as Discontinued Operations of 26.2 M, Interest Expense of 31.3 M or Other Operating Expenses of 247.8 M, as well as many indicators such as Price To Sales Ratio of 8.67, Dividend Yield of 0.0425 or PTB Ratio of 1.5. Topaz financial statements analysis is a perfect complement when working with Topaz Energy Valuation or Volatility modules.
Topaz | Cash Flow To Debt Ratio |
Pair Trading with Topaz 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 Topaz 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Topaz Stock
Moving against Topaz Stock
The ability to find closely correlated positions to Topaz 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 Topaz 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 Topaz 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 Topaz Energy Corp to buy it.
The correlation of Topaz 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy 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 Topaz 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 Topaz Stock
Topaz Energy financial ratios help investors to determine whether Topaz 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 Topaz with respect to the benefits of owning Topaz Energy security.