Crescent Return On Tangible Assets from 2010 to 2024
| CPG Stock | CAD 11.72 0.04 0.34% |
Return On Tangible Assets | First Reported 2010-12-31 | Previous Quarter 0.04562473 | Current Value 0.0479 | Quarterly Volatility 0.14946505 |
Check Crescent Point financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Crescent main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.5 B, Interest Expense of 76.7 M or Selling General Administrative of 101.6 M, as well as many exotic indicators such as Price To Sales Ratio of 1.49, Dividend Yield of 0.0636 or PTB Ratio of 0.69. Crescent financial statements analysis is a perfect complement when working with Crescent Point Valuation or Volatility modules.
Crescent | Return On Tangible Assets |
Pair Trading with Crescent Point
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 Crescent Point 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 Crescent Point will appreciate offsetting losses from the drop in the long position's value.Moving together with Crescent Stock
| 0.85 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.71 | ENB-PFU | Enbridge Pref L | PairCorr |
Moving against Crescent Stock
| 0.64 | TSLA | Tesla Inc CDR | PairCorr |
| 0.59 | HD | HOME DEPOT CDR Earnings Call Tomorrow | PairCorr |
| 0.56 | AMD | Advanced Micro Devices | PairCorr |
| 0.49 | VISA | Visa Inc CDR | PairCorr |
The ability to find closely correlated positions to Crescent Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Point 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 Crescent Point - 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 Crescent Point Energy to buy it.
The correlation of Crescent Point 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 Crescent Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Point 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 Crescent Point 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 Crescent Point Correlation against competitors. Note that the Crescent Point Energy information on this page should be used as a complementary analysis to other Crescent Point's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Crescent Stock analysis
When running Crescent Point's price analysis, check to measure Crescent Point'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 Crescent Point is operating at the current time. Most of Crescent Point's value examination focuses on studying past and present price action to predict the probability of Crescent Point's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Crescent Point's price. Additionally, you may evaluate how the addition of Crescent Point to your portfolios can decrease your overall portfolio volatility.
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