DIRTT Pretax Profit Margin from 2010 to 2024
| DRT Stock | CAD 0.66 0.01 1.49% |
Pretax Profit Margin | First Reported 2010-12-31 | Previous Quarter (0.08) | Current Value (0.08) | Quarterly Volatility 0.12322887 |
Check DIRTT Environmental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among DIRTT main balance sheet or income statement drivers, such as Depreciation And Amortization of 43.6 K, Interest Expense of 5.2 M or Selling General Administrative of 36.2 M, as well as many exotic indicators such as Price To Sales Ratio of 0.19, Dividend Yield of 0.0287 or PTB Ratio of 5.46. DIRTT financial statements analysis is a perfect complement when working with DIRTT Environmental Valuation or Volatility modules.
DIRTT | Pretax Profit Margin |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards DIRTT Environmental in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, DIRTT Environmental's short interest history, or implied volatility extrapolated from DIRTT Environmental options trading.
Pair Trading with DIRTT Environmental
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 DIRTT Environmental 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 DIRTT Environmental will appreciate offsetting losses from the drop in the long position's value.Moving together with DIRTT Stock
| 0.76 | AMZN | Amazon CDR | PairCorr |
| 0.86 | WMT | Walmart Inc CDR | PairCorr |
| 0.65 | MSFT | Microsoft Corp CDR | PairCorr |
Moving against DIRTT Stock
| 0.77 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to DIRTT Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DIRTT Environmental 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 DIRTT Environmental - 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 DIRTT Environmental Solutions to buy it.
The correlation of DIRTT Environmental 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 DIRTT Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DIRTT Environmental 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 DIRTT Environmental 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 DIRTT Environmental Correlation against competitors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for DIRTT Stock analysis
When running DIRTT Environmental's price analysis, check to measure DIRTT Environmental'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 DIRTT Environmental is operating at the current time. Most of DIRTT Environmental's value examination focuses on studying past and present price action to predict the probability of DIRTT Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DIRTT Environmental's price. Additionally, you may evaluate how the addition of DIRTT Environmental to your portfolios can decrease your overall portfolio volatility.
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