Volcanic Reconciled Depreciation from 2010 to 2024
| VG Stock | CAD 0.08 0.01 14.29% |
Reconciled Depreciation | First Reported 2010-12-31 | Previous Quarter 48.1 K | Current Value 50.5 K | Quarterly Volatility 19.1 K |
Check Volcanic Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Volcanic main balance sheet or income statement drivers, such as Other Operating Expenses of 3.3 M, Total Operating Expenses of 1.4 M or Selling General Administrative of 709.3 K, as well as many exotic indicators such as Price To Sales Ratio of 77.6, Dividend Yield of 0.0 or PTB Ratio of 2.3. Volcanic financial statements analysis is a perfect complement when working with Volcanic Gold Valuation or Volatility modules.
Volcanic | Reconciled Depreciation |
Pair Trading with Volcanic Gold
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 Volcanic Gold 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 Volcanic Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Volcanic Stock
| 0.87 | RY-PS | Royal Bank | PairCorr |
| 0.85 | BMO-PE | Bank of Montreal Earnings Call Today | PairCorr |
| 0.77 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.75 | RY | Royal Bank | PairCorr |
| 0.74 | CM-PT | Canadian Imperial Bank | PairCorr |
The ability to find closely correlated positions to Volcanic Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Volcanic Gold 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 Volcanic Gold - 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 Volcanic Gold Mines to buy it.
The correlation of Volcanic Gold 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 Volcanic Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Volcanic Gold Mines 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 Volcanic Gold 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 Volcanic Gold Correlation against competitors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Volcanic Stock analysis
When running Volcanic Gold's price analysis, check to measure Volcanic Gold'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 Volcanic Gold is operating at the current time. Most of Volcanic Gold's value examination focuses on studying past and present price action to predict the probability of Volcanic Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Volcanic Gold's price. Additionally, you may evaluate how the addition of Volcanic Gold to your portfolios can decrease your overall portfolio volatility.
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Top Crypto Exchanges Search and analyze digital assets across top global cryptocurrency exchanges | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios |