Ascendant Payables Turnover from 2010 to 2024
| ASND Stock | CAD 0.06 0.01 14.29% |
Payables Turnover | First Reported 2010-12-31 | Previous Quarter 0.10108255 | Current Value 0.096 | Quarterly Volatility 425.32494665 |
Check Ascendant Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ascendant main balance sheet or income statement drivers, such as Interest Expense of 383.1 K, Selling General Administrative of 3.7 M or Other Operating Expenses of 2.4 M, as well as many exotic indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.0 or Days Sales Outstanding of 19.54. Ascendant financial statements analysis is a perfect complement when working with Ascendant Resources Valuation or Volatility modules.
Ascendant | Payables Turnover |
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 Ascendant Resources 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, Ascendant Resources' short interest history, or implied volatility extrapolated from Ascendant Resources options trading.
Pair Trading with Ascendant Resources
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 Ascendant Resources 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 Ascendant Resources will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ascendant Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascendant Resources 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 Ascendant Resources - 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 Ascendant Resources to buy it.
The correlation of Ascendant Resources 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 Ascendant Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascendant Resources 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 Ascendant Resources 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 Ascendant Resources Correlation against competitors. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Ascendant Stock analysis
When running Ascendant Resources' price analysis, check to measure Ascendant Resources' 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 Ascendant Resources is operating at the current time. Most of Ascendant Resources' value examination focuses on studying past and present price action to predict the probability of Ascendant Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ascendant Resources' price. Additionally, you may evaluate how the addition of Ascendant Resources to your portfolios can decrease your overall portfolio volatility.
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