GoldMoney Price Book Value Ratio from 2010 to 2024
| XAU Stock | CAD 8.35 0.07 0.85% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter 0.85499384 | Current Value 0.81 | Quarterly Volatility 54.02231116 |
Check GoldMoney financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among GoldMoney's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Selling General Administrative of 747.6 K or Other Operating Expenses of 48.3 M, as well as many indicators such as Price To Sales Ratio of 1.75, Dividend Yield of 0.0013 or PTB Ratio of 0.81. GoldMoney financial statements analysis is a perfect complement when working with GoldMoney Valuation or Volatility modules.
GoldMoney | Price Book Value Ratio |
Pair Trading with GoldMoney
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 GoldMoney 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 GoldMoney will appreciate offsetting losses from the drop in the long position's value.Moving against GoldMoney Stock
| 0.58 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.5 | JPM | JPMorgan Chase | PairCorr |
| 0.49 | BOFA | Bank of America | PairCorr |
| 0.48 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.4 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to GoldMoney could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMoney 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 GoldMoney - 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 GoldMoney to buy it.
The correlation of GoldMoney 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 GoldMoney moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMoney 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 GoldMoney 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 GoldMoney Stock
GoldMoney financial ratios help investors to determine whether GoldMoney 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 GoldMoney with respect to the benefits of owning GoldMoney security.