Siriuspoint Fixed Asset Turnover from 2010 to 2024
| SPNT Stock | USD 12.84 0.05 0.39% |
Fixed Asset Turnover | First Reported 2010-12-31 | Previous Quarter (25.25) | Current Value (23.99) | Quarterly Volatility 535.82496089 |
Check Siriuspoint financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Siriuspoint's main balance sheet or income statement drivers, such as Interest Expense of 67.3 M, Selling General Administrative of 239.6 M or Other Operating Expenses of 2.4 B, as well as many indicators such as Price To Sales Ratio of 0.66, Dividend Yield of 0.013 or PTB Ratio of 1.06. Siriuspoint financial statements analysis is a perfect complement when working with Siriuspoint Valuation or Volatility modules.
Siriuspoint | Fixed Asset Turnover |
Latest Siriuspoint's Fixed Asset Turnover Growth Pattern
Below is the plot of the Fixed Asset Turnover of Siriuspoint over the last few years. It is Siriuspoint's Fixed Asset Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Siriuspoint's overall financial position and show how it may be relating to other accounts over time.
| Fixed Asset Turnover | 10 Years Trend |
|
Fixed Asset Turnover |
| Timeline |
Siriuspoint Fixed Asset Turnover Regression Statistics
| Arithmetic Mean | 626.05 | |
| Geometric Mean | 189.37 | |
| Coefficient Of Variation | 85.59 | |
| Mean Deviation | 511.65 | |
| Median | 1,106 | |
| Standard Deviation | 535.82 | |
| Sample Variance | 287,108 | |
| Range | 1.1K | |
| R-Value | (0.25) | |
| Mean Square Error | 290,386 | |
| R-Squared | 0.06 | |
| Significance | 0.38 | |
| Slope | (29.55) | |
| Total Sum of Squares | 4M |
Siriuspoint Fixed Asset Turnover History
About Siriuspoint Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Siriuspoint income statement, its balance sheet, and the statement of cash flows. Siriuspoint investors use historical funamental indicators, such as Siriuspoint's Fixed Asset Turnover, to determine how well the company is positioned to perform in the future. Although Siriuspoint investors may use each financial statement separately, they are all related. The changes in Siriuspoint's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Siriuspoint's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Siriuspoint Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Siriuspoint. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Fixed Asset Turnover | (25.25) | (23.99) |
Pair Trading with Siriuspoint
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 Siriuspoint 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 Siriuspoint will appreciate offsetting losses from the drop in the long position's value.Moving together with Siriuspoint Stock
| 0.75 | EG | Everest Group Symbol Change | PairCorr |
| 0.62 | HG | Hamilton Insurance Report 21st of October 2024 | PairCorr |
| 0.73 | RGA | Reinsurance Group | PairCorr |
| 0.71 | GLRE | Greenlight Capital | PairCorr |
The ability to find closely correlated positions to Siriuspoint could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Siriuspoint 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 Siriuspoint - 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 Siriuspoint to buy it.
The correlation of Siriuspoint 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 Siriuspoint moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Siriuspoint 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 Siriuspoint 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 Siriuspoint Stock Analysis
When running Siriuspoint's price analysis, check to measure Siriuspoint'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 Siriuspoint is operating at the current time. Most of Siriuspoint's value examination focuses on studying past and present price action to predict the probability of Siriuspoint's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Siriuspoint's price. Additionally, you may evaluate how the addition of Siriuspoint to your portfolios can decrease your overall portfolio volatility.