Outfront Market Cap from 2010 to 2024
| OUT Stock | USD 13.80 0.12 0.86% |
Market Cap | First Reported 2010-12-31 | Previous Quarter 2.4 B | Current Value 2.1 B | Quarterly Volatility 149.7 M |
Check Outfront Media financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Outfront Media's main balance sheet or income statement drivers, such as Depreciation And Amortization of 152.3 M, Interest Expense of 97.6 M or Total Revenue of 1.6 B, as well as many indicators such as Price To Sales Ratio of 2.43, Dividend Yield of 0.12 or PTB Ratio of 2.02. Outfront financial statements analysis is a perfect complement when working with Outfront Media Valuation or Volatility modules.
Outfront | Market Cap |
Pair Trading with Outfront Media
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 Outfront Media 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 Outfront Media will appreciate offsetting losses from the drop in the long position's value.Moving together with Outfront Stock
Moving against Outfront Stock
| 0.77 | HR | Healthcare Realty Trust | PairCorr |
| 0.76 | WELL | Welltower | PairCorr |
| 0.65 | ELME | Elme Communities | PairCorr |
| 0.54 | EPRT | Essential Properties | PairCorr |
| 0.46 | UE | Urban Edge Properties | PairCorr |
The ability to find closely correlated positions to Outfront Media could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Outfront Media 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 Outfront Media - 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 Outfront Media to buy it.
The correlation of Outfront Media 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 Outfront Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Outfront Media 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 Outfront Media 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 Outfront Stock Analysis
When running Outfront Media's price analysis, check to measure Outfront Media'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 Outfront Media is operating at the current time. Most of Outfront Media's value examination focuses on studying past and present price action to predict the probability of Outfront Media's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outfront Media's price. Additionally, you may evaluate how the addition of Outfront Media to your portfolios can decrease your overall portfolio volatility.