Sleep Common Stock Shares Outstanding from 2010 to 2024
| ZZZ Stock | CAD 34.95 0.01 0.03% |
Common Stock Shares Outstanding | First Reported 2014-03-31 | Previous Quarter 34 M | Current Value 34.3 M | Quarterly Volatility 3.7 M |
Check Sleep Country financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Sleep Country's main balance sheet or income statement drivers, such as Depreciation And Amortization of 35.3 M, Selling General Administrative of 53.7 M or Selling And Marketing Expenses of 44.7 M, as well as many indicators such as Price To Sales Ratio of 1.78, Dividend Yield of 0.0196 or PTB Ratio of 3.89. Sleep financial statements analysis is a perfect complement when working with Sleep Country Valuation or Volatility modules.
Sleep | Common Stock Shares Outstanding |
Pair Trading with Sleep Country
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 Sleep Country 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 Sleep Country will appreciate offsetting losses from the drop in the long position's value.Moving together with Sleep Stock
Moving against Sleep Stock
The ability to find closely correlated positions to Sleep Country could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sleep Country 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 Sleep Country - 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 Sleep Country Canada to buy it.
The correlation of Sleep Country 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 Sleep Country moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sleep Country Canada 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 Sleep Country 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.Other Information on Investing in Sleep Stock
Sleep Country financial ratios help investors to determine whether Sleep Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sleep with respect to the benefits of owning Sleep Country security.