Cascades Historical Valuation
| CAS Stock | CAD 11.71 0.37 3.26% |
Some fundamental drivers such as market cap or Cascades enterprice value can be analyzed from historical perspective to project value of the company into the future. Some investors analyze Cascades valuation indicators such as Working Capital of 0.0 or Enterprise Value of 1.9 B to time the market or to short-sell their positions based on the trend in valuation ratios. It is a perfect tool to project the direction of Cascades's future value.
Cascades |
About Cascades Valuation Data Analysis
Valuation is the financial process of determining what Cascades is worth. Cascades valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Cascades valuation ratios help investors to determine whether Cascades 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 Cascades with respect to the benefits of owning Cascades security.
Cascades Valuation Data Chart
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity and operational efficiency of the business.Enterprise Value
Enterprise Value (or EV) is usually referred to as Cascades theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Cascades debt, but would also pocket its cash. Enterprise Value is more accurate representation of Cascades value than its market capitalization because it takes into account all of Cascades existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Pair Trading with Cascades
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 Cascades 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 Cascades will appreciate offsetting losses from the drop in the long position's value.Moving together with Cascades Stock
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.88 | IE | Ivanhoe Energy | PairCorr |
| 0.91 | FDY | Faraday Copper Corp | PairCorr |
Moving against Cascades Stock
The ability to find closely correlated positions to Cascades could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cascades 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 Cascades - 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 Cascades to buy it.
The correlation of Cascades 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 Cascades moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cascades 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 Cascades 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 Cascades Stock
Valuation is the financial process of determining what Cascades is worth. Cascades valuation ratios put that insight into the context of a company's share price, where they serve as useful tools for evaluating and utilizing investment potential. Cascades valuation ratios help investors to determine whether Cascades 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 Cascades with respect to the benefits of owning Cascades security.