Primo Tangible Book Value Per Share from 2010 to 2024
| PRMW Stock | CAD 29.90 0.44 1.45% |
Tangible Book Value Per Share | First Reported 2010-12-31 | Previous Quarter (1.74) | Current Value (1.83) | Quarterly Volatility 4.00906273 |
Check Primo Water financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Primo Water's main balance sheet or income statement drivers, such as Depreciation And Amortization of 299.6 M, Interest Expense of 69.9 M or Selling General Administrative of 1 B, as well as many indicators such as Price To Sales Ratio of 0.84, Dividend Yield of 0.0226 or PTB Ratio of 2.93. Primo financial statements analysis is a perfect complement when working with Primo Water Valuation or Volatility modules.
Primo | Tangible Book Value Per Share |
Pair Trading with Primo Water
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 Primo Water 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 Primo Water will appreciate offsetting losses from the drop in the long position's value.Moving together with Primo Stock
Moving against Primo Stock
The ability to find closely correlated positions to Primo Water could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primo Water 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 Primo Water - 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 Primo Water Corp to buy it.
The correlation of Primo Water 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 Primo Water moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primo Water Corp 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 Primo Water 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 Information and Resources on Investing in Primo Stock
When determining whether Primo Water Corp is a strong investment it is important to analyze Primo Water's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Primo Water's future performance. For an informed investment choice regarding Primo Stock, refer to the following important reports:Check out the analysis of Primo Water Correlation against competitors. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.