Canaf Net Working Capital from 2010 to 2024
| CAF Stock | CAD 0.22 0.01 4.35% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter 8.8 M | Current Value 9.2 M | Quarterly Volatility 3 M |
Check Canaf Investments financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canaf Investments' main balance sheet or income statement drivers, such as Interest Expense of 11 K, Selling General Administrative of 581.6 K or Total Revenue of 39 M, as well as many indicators such as . Canaf financial statements analysis is a perfect complement when working with Canaf Investments Valuation or Volatility modules.
Canaf | Net Working Capital |
Pair Trading with Canaf Investments
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 Canaf Investments 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 Canaf Investments will appreciate offsetting losses from the drop in the long position's value.Moving against Canaf Stock
| 0.6 | GOOG | Alphabet CDR | PairCorr |
| 0.59 | FDY | Faraday Copper Corp | PairCorr |
| 0.52 | EU | enCore Energy Corp | PairCorr |
| 0.51 | BOFA | Bank of America | PairCorr |
| 0.5 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to Canaf Investments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaf Investments 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 Canaf Investments - 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 Canaf Investments to buy it.
The correlation of Canaf Investments 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 Canaf Investments moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaf Investments 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 Canaf Investments 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.Additional Tools for Canaf Stock Analysis
When running Canaf Investments' price analysis, check to measure Canaf Investments' 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 Canaf Investments is operating at the current time. Most of Canaf Investments' value examination focuses on studying past and present price action to predict the probability of Canaf Investments' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canaf Investments' price. Additionally, you may evaluate how the addition of Canaf Investments to your portfolios can decrease your overall portfolio volatility.