Tidewater Price To Sales Ratio from 2010 to 2024
| TDW-WT Stock | USD 14.47 3.19 18.06% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 3.68344778 | Current Value 3.5 | Quarterly Volatility 11.65474925 |
Check Tidewater financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tidewater main balance sheet or income statement drivers, such as Depreciation And Amortization of 121 M, Selling General Administrative of 117.1 M or Total Revenue of 933.8 M, as well as many exotic indicators such as Price To Sales Ratio of 3.5, Dividend Yield of 0.0082 or PTB Ratio of 4.55. Tidewater financial statements analysis is a perfect complement when working with Tidewater Valuation or Volatility modules.
Tidewater | Price To Sales Ratio |
Pair Trading with Tidewater
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 Tidewater 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 Tidewater will appreciate offsetting losses from the drop in the long position's value.Moving together with Tidewater Stock
| 0.77 | GECCM | Great Elm Capital | PairCorr |
| 0.88 | INBKZ | INBKZ | PairCorr |
| 0.74 | RCB | Ready Capital | PairCorr |
Moving against Tidewater Stock
| 0.68 | ARGD | Argo Group 65 | PairCorr |
| 0.66 | DHCNI | DHCNI | PairCorr |
| 0.59 | JSM | Navient SR | PairCorr |
The ability to find closely correlated positions to Tidewater could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tidewater 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 Tidewater - 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 Tidewater to buy it.
The correlation of Tidewater 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 Tidewater moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidewater 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 Tidewater 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 Tidewater Correlation against competitors. For more information on how to buy Tidewater Stock please use our How to Invest in Tidewater guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Tidewater Stock analysis
When running Tidewater's price analysis, check to measure Tidewater'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 Tidewater is operating at the current time. Most of Tidewater's value examination focuses on studying past and present price action to predict the probability of Tidewater's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tidewater's price. Additionally, you may evaluate how the addition of Tidewater to your portfolios can decrease your overall portfolio volatility.
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