Americas Enterprise Value Multiple from 2010 to 2024
| USA Stock | CAD 0.53 0.02 3.64% |
Enterprise Value Multiple | First Reported 2010-12-31 | Previous Quarter (6.84) | Current Value (6.50) | Quarterly Volatility 20.89087121 |
Check Americas Silver financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Americas Silver's main balance sheet or income statement drivers, such as Depreciation And Amortization of 21.9 M, Interest Expense of 10.2 M or Selling General Administrative of 5.5 M, as well as many indicators such as Price To Sales Ratio of 0.57, Dividend Yield of 0.0 or PTB Ratio of 0.97. Americas financial statements analysis is a perfect complement when working with Americas Silver Valuation or Volatility modules.
Americas | Enterprise Value Multiple |
Pair Trading with Americas Silver
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 Americas Silver 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 Americas Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Americas Stock
| 0.91 | AG | First Majestic Silver | PairCorr |
| 0.94 | IE | Ivanhoe Energy | PairCorr |
| 0.86 | FDY | Faraday Copper Corp | PairCorr |
Moving against Americas Stock
The ability to find closely correlated positions to Americas Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Americas Silver 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 Americas Silver - 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 Americas Silver Corp to buy it.
The correlation of Americas Silver 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 Americas Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Americas Silver 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 Americas Silver 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.Check out the analysis of Americas Silver Correlation against competitors. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.