Zedcor Days Sales Outstanding from 2010 to 2024
| ZDC Stock | CAD 1.20 0.01 0.83% |
Days Sales Outstanding | First Reported 2010-12-31 | Previous Quarter 68.73538511 | Current Value 101.12 | Quarterly Volatility 25.0275071 |
Check Zedcor Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Zedcor main balance sheet or income statement drivers, such as Total Revenue of 23.1 M, Gross Profit of 7.3 M or Other Operating Expenses of 21.9 M, as well as many exotic indicators such as Price To Sales Ratio of 1.62, Dividend Yield of 0.08 or PTB Ratio of 4.18. Zedcor financial statements analysis is a perfect complement when working with Zedcor Energy Valuation or Volatility modules.
Zedcor | Days Sales Outstanding |
Pair Trading with Zedcor Energy
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 Zedcor Energy 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 Zedcor Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Zedcor Stock
| 0.86 | ARA | Aclara Resources | PairCorr |
Moving against Zedcor Stock
| 0.85 | DELX | DelphX Capital Markets | PairCorr |
| 0.56 | SBN | S Split Corp | PairCorr |
The ability to find closely correlated positions to Zedcor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zedcor Energy 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 Zedcor Energy - 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 Zedcor Energy to buy it.
The correlation of Zedcor Energy 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 Zedcor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zedcor Energy 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 Zedcor Energy 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 Zedcor Energy Correlation against competitors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Zedcor Stock analysis
When running Zedcor Energy's price analysis, check to measure Zedcor Energy'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 Zedcor Energy is operating at the current time. Most of Zedcor Energy's value examination focuses on studying past and present price action to predict the probability of Zedcor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zedcor Energy's price. Additionally, you may evaluate how the addition of Zedcor Energy to your portfolios can decrease your overall portfolio volatility.
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