West Net Debt To E B I T D A from 2010 to 2024
| WFG Stock | CAD 137.52 0.61 0.44% |
Net Debt To EBITDA | First Reported 2010-12-31 | Previous Quarter (1.07) | Current Value (1.02) | Quarterly Volatility 1.78356819 |
Check West Fraser financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among West Fraser's main balance sheet or income statement drivers, such as Depreciation And Amortization of 766.7 M, Total Revenue of 3.5 B or Gross Profit of 1.2 B, as well as many indicators such as Price To Sales Ratio of 0.73, Dividend Yield of 0.0113 or PTB Ratio of 1.25. West financial statements analysis is a perfect complement when working with West Fraser Valuation or Volatility modules.
West | Net Debt To E B I T D A |
Pair Trading with West Fraser
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 West Fraser 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 West Fraser will appreciate offsetting losses from the drop in the long position's value.Moving together with West Stock
Moving against West Stock
The ability to find closely correlated positions to West Fraser could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace West Fraser 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 West Fraser - 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 West Fraser Timber to buy it.
The correlation of West Fraser 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 West Fraser moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if West Fraser Timber 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 West Fraser 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 West Fraser Correlation against competitors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.