ShaMaran Current Ratio from 2010 to 2024
| SNM Stock | CAD 0.09 0.01 5.56% |
Current Ratio | First Reported 2010-12-31 | Previous Quarter 1.57218767 | Current Value 1.49 | Quarterly Volatility 3.34155804 |
Check ShaMaran Petroleum financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ShaMaran main balance sheet or income statement drivers, such as Interest Expense of 39.6 M, Other Operating Expenses of 39.9 M or Operating Income of 4.2 M, as well as many exotic indicators such as Price To Sales Ratio of 1.1, Dividend Yield of 0.0 or PTB Ratio of 0.65. ShaMaran financial statements analysis is a perfect complement when working with ShaMaran Petroleum Valuation or Volatility modules.
ShaMaran | Current Ratio |
Pair Trading with ShaMaran Petroleum
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 ShaMaran Petroleum 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 ShaMaran Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with ShaMaran Stock
| 0.84 | ENB-PFC | Enbridge Pref 11 | PairCorr |
The ability to find closely correlated positions to ShaMaran Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ShaMaran Petroleum 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 ShaMaran Petroleum - 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 ShaMaran Petroleum Corp to buy it.
The correlation of ShaMaran Petroleum 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 ShaMaran Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ShaMaran Petroleum 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 ShaMaran Petroleum 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 ShaMaran Petroleum Correlation against competitors. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for ShaMaran Stock analysis
When running ShaMaran Petroleum's price analysis, check to measure ShaMaran Petroleum'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 ShaMaran Petroleum is operating at the current time. Most of ShaMaran Petroleum's value examination focuses on studying past and present price action to predict the probability of ShaMaran Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ShaMaran Petroleum's price. Additionally, you may evaluate how the addition of ShaMaran Petroleum to your portfolios can decrease your overall portfolio volatility.
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