Gowest Net Income From Continuing Ops from 2010 to 2024
| GWA Stock | CAD 0.07 0.01 7.14% |
Net Loss | First Reported 2016-10-31 | Previous Quarter -813.9 K | Current Value -632 K | Quarterly Volatility 673.1 K |
Check Gowest Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gowest main balance sheet or income statement drivers, such as Depreciation And Amortization of 172.4 K, Total Revenue of 0.0 or Other Operating Expenses of 1.4 M, as well as many exotic indicators such as Price To Sales Ratio of 86.75, Dividend Yield of 0.0 or PTB Ratio of 0.44. Gowest financial statements analysis is a perfect complement when working with Gowest Gold Valuation or Volatility modules.
Gowest | Net Income From Continuing Ops |
Pair Trading with Gowest 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 Gowest 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 Gowest Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Gowest Stock
| 0.53 | COST | Costco Wholesale Corp | PairCorr |
| 0.51 | AAPL | Apple Inc CDR | PairCorr |
| 0.51 | UNH | UnitedHealth Group CDR Earnings Call Today | PairCorr |
| 0.51 | GOOG | Alphabet CDR | PairCorr |
| 0.5 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Gowest 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 Gowest 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 Gowest 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 Gowest Gold to buy it.
The correlation of Gowest 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 Gowest Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gowest Gold 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 Gowest 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 Gowest Gold Correlation against competitors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for Gowest Stock analysis
When running Gowest Gold's price analysis, check to measure Gowest 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 Gowest Gold is operating at the current time. Most of Gowest Gold's value examination focuses on studying past and present price action to predict the probability of Gowest 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 Gowest Gold's price. Additionally, you may evaluate how the addition of Gowest Gold to your portfolios can decrease your overall portfolio volatility.
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