Omni Ebitda from 2010 to 2024
| OML Stock | CAD 1.06 0.04 3.64% |
EBITDA | First Reported 2010-12-31 | Previous Quarter -805.4 K | Current Value -845.7 K | Quarterly Volatility 1.7 M |
Check Omni Lite financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Omni Lite's main balance sheet or income statement drivers, such as Interest Expense of 582.3 K, Selling General Administrative of 1.6 M or Total Revenue of 8.5 M, as well as many indicators such as . Omni financial statements analysis is a perfect complement when working with Omni Lite Valuation or Volatility modules.
Omni | Ebitda |
Pair Trading with Omni Lite
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 Omni Lite 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 Omni Lite will appreciate offsetting losses from the drop in the long position's value.Moving together with Omni Stock
| 0.79 | AAPL | Apple Inc CDR | PairCorr |
| 0.7 | BN | Brookfield | PairCorr |
| 0.73 | WMT | Walmart Inc CDR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Omni Lite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Omni Lite 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 Omni Lite - 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 Omni Lite Industries Canada to buy it.
The correlation of Omni Lite 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 Omni Lite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Omni Lite Industries 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 Omni Lite 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 Omni Stock Analysis
When running Omni Lite's price analysis, check to measure Omni Lite's 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 Omni Lite is operating at the current time. Most of Omni Lite's value examination focuses on studying past and present price action to predict the probability of Omni Lite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Omni Lite's price. Additionally, you may evaluate how the addition of Omni Lite to your portfolios can decrease your overall portfolio volatility.