Auxly Price Earnings Ratio from 2010 to 2024
| XLY Stock | CAD 0.04 0 5.26% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter (0.22) | Current Value (0.23) | Quarterly Volatility 140.15450958 |
Check Auxly Cannabis financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Auxly Cannabis' main balance sheet or income statement drivers, such as Depreciation And Amortization of 11.8 M, Interest Expense of 26.9 M or Total Revenue of 106.1 M, as well as many indicators such as Price To Sales Ratio of 0.0931, Dividend Yield of 0.0 or PTB Ratio of 0.18. Auxly financial statements analysis is a perfect complement when working with Auxly Cannabis Valuation or Volatility modules.
Auxly | Price Earnings Ratio |
Pair Trading with Auxly Cannabis
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 Auxly Cannabis 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 Auxly Cannabis will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Auxly Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Auxly Cannabis 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 Auxly Cannabis - 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 Auxly Cannabis Group to buy it.
The correlation of Auxly Cannabis 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 Auxly Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auxly Cannabis Group 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 Auxly Cannabis 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 Auxly Stock
Auxly Cannabis financial ratios help investors to determine whether Auxly 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 Auxly with respect to the benefits of owning Auxly Cannabis security.