| DXT Stock | | | CAD 7.92 0.05 0.63% |
Dexterra financial indicator trend analysis is much more than just examining Dexterra Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dexterra Group is a good investment. Please check the relationship between Dexterra Asset Turnover and its Net Debt accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dexterra Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Asset Turnover vs Net Debt
Asset Turnover vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Dexterra Group Asset Turnover account and
Net Debt. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Dexterra's Asset Turnover and Net Debt is 0.48. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Net Debt in the same time period over historical financial statements of Dexterra Group, assuming nothing else is changed. The correlation between historical values of Dexterra's Asset Turnover and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Dexterra Group are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Asset Turnover i.e., Dexterra's Asset Turnover and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.48 |
| Relationship Direction | Positive |
| Relationship Strength | Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Most indicators from Dexterra's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dexterra Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dexterra Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At this time, Dexterra's
Tax Provision is very stable compared to the past year. As of the 25th of February 2025,
Enterprise Value Over EBITDA is likely to grow to 11.11, while
Selling General Administrative is likely to drop about 30.3
M.
Dexterra fundamental ratios Correlations
Click cells to compare fundamentals
Dexterra Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Dexterra fundamental ratios Accounts
Pair Trading with Dexterra
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 Dexterra 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 Dexterra will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Dexterra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dexterra 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 Dexterra - 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 Dexterra Group to buy it.
The correlation of Dexterra 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 Dexterra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dexterra 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 Dexterra 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 Dexterra Stock
Balance Sheet is a snapshot of the
financial position of Dexterra Group at a specified time, usually calculated after every quarter, six months, or one year. Dexterra Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Dexterra and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Dexterra currently owns. An asset can also be divided into two categories, current and non-current.