Mirasol Return On Equity from 2010 to 2024
| MRZ Stock | CAD 0.54 0.01 1.82% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (1.21) | Current Value (1.15) | Quarterly Volatility 0.56182892 |
Check Mirasol Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mirasol main balance sheet or income statement drivers, such as Other Operating Expenses of 6.6 M, Total Operating Expenses of 5.9 M or Income Tax Expense of 78.5 K, as well as many exotic indicators such as Price To Sales Ratio of 4.5 K, Dividend Yield of 0.0 or PTB Ratio of 4.94. Mirasol financial statements analysis is a perfect complement when working with Mirasol Resources Valuation or Volatility modules.
Mirasol | Return On Equity |
Pair Trading with Mirasol 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 Mirasol 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 Mirasol Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Mirasol 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 Mirasol 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 Mirasol 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 Mirasol Resources to buy it.
The correlation of Mirasol 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 Mirasol Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mirasol 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 Mirasol 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.Check out the analysis of Mirasol Resources Correlation against competitors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Mirasol Stock analysis
When running Mirasol Resources' price analysis, check to measure Mirasol Resources' 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 Mirasol Resources is operating at the current time. Most of Mirasol Resources' value examination focuses on studying past and present price action to predict the probability of Mirasol Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mirasol Resources' price. Additionally, you may evaluate how the addition of Mirasol Resources to your portfolios can decrease your overall portfolio volatility.
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |