Boralex Number of Employees vs. Price to Sales

BLX Stock  CAD 28.62  0.07  0.25%   
Based on the key profitability measurements obtained from Boralex's financial statements, Boralex is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in April. Profitability indicators assess Boralex's ability to earn profits and add value for shareholders. As of the 29th of March 2024, Price To Sales Ratio is likely to grow to 3.56. Also, Operating Cash Flow Sales Ratio is likely to grow to 0.51. At this time, Boralex's Net Income From Continuing Ops is very stable compared to the past year. As of the 29th of March 2024, Net Income Applicable To Common Shares is likely to grow to about 36.2 M, while Interest Income is likely to drop about 15.2 M.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.320.3366
Notably Down
Very volatile
Operating Profit Margin0.210.2211
Notably Down
Slightly volatile
For Boralex profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Boralex to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Boralex utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Boralex's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Boralex over time as well as its relative position and ranking within its peers.
  
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Please note, there is a significant difference between Boralex's value and its price as these two are different measures arrived at by different means. Investors typically determine if Boralex is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Boralex's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Boralex Price to Sales vs. Number of Employees Fundamental Analysis

Boralex Price to Sales vs. Number of Employees

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Use Boralex in pair-trading

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 Boralex 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 Boralex will appreciate offsetting losses from the drop in the long position's value.

Boralex Pair Trading

Boralex Pair Trading Analysis

The ability to find closely correlated positions to Boralex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boralex 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 Boralex - 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 Boralex to buy it.
The correlation of Boralex 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 Boralex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boralex 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 Boralex 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.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Boralex position

In addition to having Boralex in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Preferred Stock ETFs Thematic Idea Now

Preferred Stock ETFs
Preferred Stock ETFs Theme
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Preferred Stock ETFs theme has 15 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Preferred Stock ETFs Theme or any other thematic opportunities.
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You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Boralex's price analysis, check to measure Boralex'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 Boralex is operating at the current time. Most of Boralex's value examination focuses on studying past and present price action to predict the probability of Boralex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boralex's price. Additionally, you may evaluate how the addition of Boralex to your portfolios can decrease your overall portfolio volatility.
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To fully project Boralex's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Boralex at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Boralex's income statement, its balance sheet, and the statement of cash flows.
Potential Boralex investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Boralex investors may work on each financial statement separately, they are all related. The changes in Boralex's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Boralex's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.