Topaz Current Ratio from 2010 to 2026
| TPZ Stock | CAD 28.63 0.09 0.32% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 6 | Current Value 5.7 | Quarterly Volatility 40.23635684 |
Check Topaz Energy Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Topaz Energy Corp's main balance sheet or income statement drivers, such as Discontinued Operations of 26.2 M, Interest Expense of 33.7 M or Other Operating Expenses of 26.9 M, as well as many indicators such as Price To Sales Ratio of 12.78, Dividend Yield of 0.0414 or PTB Ratio of 1.66. Topaz financial statements analysis is a perfect complement when working with Topaz Energy Corp Valuation or Volatility modules.
Topaz | Current Ratio |
Evaluating Topaz Energy Corp's Current Ratio across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Topaz Energy Corp's fundamental strength.
Latest Topaz Energy Corp's Current Ratio Growth Pattern
Below is the plot of the Current Ratio of Topaz Energy Corp over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Topaz Energy Corp's Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Topaz Energy Corp's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 8.06 X | 10 Years Trend |
|
Current Ratio |
| Timeline |
Topaz Current Ratio Regression Statistics
| Arithmetic Mean | 28.36 | |
| Geometric Mean | 18.70 | |
| Coefficient Of Variation | 141.90 | |
| Mean Deviation | 17.98 | |
| Median | 24.95 | |
| Standard Deviation | 40.24 | |
| Sample Variance | 1,619 | |
| Range | 176 | |
| R-Value | (0.08) | |
| Mean Square Error | 1,716 | |
| R-Squared | 0.01 | |
| Significance | 0.76 | |
| Slope | (0.63) | |
| Total Sum of Squares | 25,903 |
Topaz Current Ratio History
About Topaz Energy Corp Financial Statements
Topaz Energy Corp investors utilize fundamental indicators, such as Current Ratio, to predict how Topaz 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 | ||
| Current Ratio | 6.00 | 5.70 |
Pair Trading with Topaz Energy 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 Topaz Energy 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 Topaz Energy Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Topaz Stock
The ability to find closely correlated positions to Topaz Energy 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 Topaz Energy 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 Topaz Energy 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 Topaz Energy Corp to buy it.
The correlation of Topaz Energy 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 Topaz Energy Corp 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 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 Topaz Stock
Topaz Energy Corp 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 Corp security.