Yangarra Price Earnings Ratio from 2010 to 2024
| YGR Stock | CAD 1.02 0.03 3.03% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter 2.55618721 | Current Value 2.68 | Quarterly Volatility 54.7923086 |
Check Yangarra Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Yangarra Resources' main balance sheet or income statement drivers, such as Interest Expense of 12.5 M, Selling General Administrative of 4 M or Other Operating Expenses of 87.5 M, as well as many indicators such as Price To Sales Ratio of 0.74, Dividend Yield of 0.0 or PTB Ratio of 0.21. Yangarra financial statements analysis is a perfect complement when working with Yangarra Resources Valuation or Volatility modules.
Yangarra | Price Earnings Ratio |
Pair Trading with Yangarra Resources
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 Yangarra Resources 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 Yangarra Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Yangarra Stock
| 0.63 | ENS-PA | E Split Corp | PairCorr |
| 0.56 | ENS | E Split Corp | PairCorr |
| 0.54 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.34 | ENB-PFU | Enbridge Pref L | PairCorr |
The ability to find closely correlated positions to Yangarra Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yangarra Resources 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 Yangarra Resources - 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 Yangarra Resources to buy it.
The correlation of Yangarra Resources 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 Yangarra Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yangarra Resources 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 Yangarra Resources 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 Yangarra Stock
Yangarra Resources financial ratios help investors to determine whether Yangarra 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 Yangarra with respect to the benefits of owning Yangarra Resources security.