Mako Tax Provision from 2010 to 2024
| MKO Stock | CAD 3.47 0.01 0.29% |
Tax Provision | First Reported 2010-12-31 | Previous Quarter 2.1 M | Current Value 2.2 M | Quarterly Volatility 862.5 K |
Check Mako Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Mako Mining's main balance sheet or income statement drivers, such as Depreciation And Amortization of 14.2 M, Other Operating Expenses of 56.3 M or Operating Income of 24 M, as well as many indicators such as Price To Sales Ratio of 1.95, Dividend Yield of 0.0 or PTB Ratio of 3.43. Mako financial statements analysis is a perfect complement when working with Mako Mining Valuation or Volatility modules.
Mako | Tax Provision |
Pair Trading with Mako Mining
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 Mako Mining 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 Mako Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Mako Stock
| 0.86 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | FDY | Faraday Copper Corp | PairCorr |
| 0.85 | CEF | Sprott Physical Gold | PairCorr |
Moving against Mako Stock
| 0.86 | PVF-UN | Partners Value Inves | PairCorr |
| 0.65 | HFPC-U | Helios Fairfax Partners | PairCorr |
| 0.62 | CSOC-A | Canso Select Opportu | PairCorr |
The ability to find closely correlated positions to Mako Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mako Mining 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 Mako Mining - 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 Mako Mining Corp to buy it.
The correlation of Mako Mining 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 Mako Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mako Mining 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 Mako Mining 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 Mako Stock Analysis
When running Mako Mining's price analysis, check to measure Mako Mining'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 Mako Mining is operating at the current time. Most of Mako Mining's value examination focuses on studying past and present price action to predict the probability of Mako Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mako Mining's price. Additionally, you may evaluate how the addition of Mako Mining to your portfolios can decrease your overall portfolio volatility.