Kootenay Pb Ratio from 2010 to 2024
| KTN Stock | CAD 1.21 0.03 2.54% |
PB Ratio | First Reported 2010-12-31 | Previous Quarter 2.25360097 | Current Value 2.37 | Quarterly Volatility 18.98903535 |
Check Kootenay Silver financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Kootenay Silver's main balance sheet or income statement drivers, such as Total Revenue of 0.0, Other Operating Expenses of 5.9 M or EBITDA of 84.5 M, as well as many indicators such as Price To Sales Ratio of 15 K, Dividend Yield of 0.0 or PTB Ratio of 2.37. Kootenay financial statements analysis is a perfect complement when working with Kootenay Silver Valuation or Volatility modules.
Kootenay | Pb Ratio |
Pair Trading with Kootenay Silver
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 Kootenay Silver 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 Kootenay Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Kootenay Stock
The ability to find closely correlated positions to Kootenay Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kootenay Silver 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 Kootenay Silver - 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 Kootenay Silver to buy it.
The correlation of Kootenay Silver 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 Kootenay Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kootenay Silver 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 Kootenay Silver 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.Additional Tools for Kootenay Stock Analysis
When running Kootenay Silver's price analysis, check to measure Kootenay Silver'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 Kootenay Silver is operating at the current time. Most of Kootenay Silver's value examination focuses on studying past and present price action to predict the probability of Kootenay Silver's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kootenay Silver's price. Additionally, you may evaluate how the addition of Kootenay Silver to your portfolios can decrease your overall portfolio volatility.