MacDonald Price Book Value Ratio from 2010 to 2024
| BMK Stock | CAD 0.04 0.00 0.00% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter (4.44) | Current Value (4.22) | Quarterly Volatility 24.61412997 |
Check MacDonald Mines financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among MacDonald main balance sheet or income statement drivers, such as Depreciation And Amortization of 17 K, Interest Expense of 0.0 or Total Revenue of 0.0, as well as many exotic indicators such as Price To Sales Ratio of 172, Dividend Yield of 0.0 or Days Sales Outstanding of 1.7 K. MacDonald financial statements analysis is a perfect complement when working with MacDonald Mines Valuation or Volatility modules.
MacDonald | Price Book Value Ratio |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards MacDonald Mines in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, MacDonald Mines' short interest history, or implied volatility extrapolated from MacDonald Mines options trading.
Pair Trading with MacDonald Mines
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 MacDonald Mines 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 MacDonald Mines will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to MacDonald Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MacDonald Mines 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 MacDonald Mines - 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 MacDonald Mines Exploration to buy it.
The correlation of MacDonald Mines 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 MacDonald Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MacDonald Mines Expl 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 MacDonald Mines 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.Check out the analysis of MacDonald Mines Correlation against competitors. You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for MacDonald Stock analysis
When running MacDonald Mines' price analysis, check to measure MacDonald Mines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MacDonald Mines is operating at the current time. Most of MacDonald Mines' value examination focuses on studying past and present price action to predict the probability of MacDonald Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MacDonald Mines' price. Additionally, you may evaluate how the addition of MacDonald Mines to your portfolios can decrease your overall portfolio volatility.
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