Outcrop Return On Equity from 2010 to 2024
| OCG Stock | CAD 0.24 0.01 4.00% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter (1.29) | Current Value (1.35) | Quarterly Volatility 1.00331063 |
Check Outcrop Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Outcrop main balance sheet or income statement drivers, such as Depreciation And Amortization of 68.9 K, Other Operating Expenses of 11.5 M or Total Operating Expenses of 11.4 M, as well as many exotic indicators such as Price To Sales Ratio of 57.99, Dividend Yield of 0.0 or PTB Ratio of 2.6. Outcrop financial statements analysis is a perfect complement when working with Outcrop Gold Valuation or Volatility modules.
Outcrop | Return On Equity |
Pair Trading with Outcrop Gold
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 Outcrop Gold 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 Outcrop Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Outcrop Stock
| 0.89 | IE | Ivanhoe Energy | PairCorr |
| 0.76 | FDY | Faraday Copper Corp | PairCorr |
| 0.78 | TD-PFL | Toronto Dominion Bank | PairCorr |
| 0.82 | TD-PFM | Toronto Dominion Bank | PairCorr |
| 0.67 | TD-PFI | Toronto Dominion Bank | PairCorr |
Moving against Outcrop Stock
| 0.54 | TD | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Outcrop Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Outcrop Gold 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 Outcrop Gold - 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 Outcrop Gold Corp to buy it.
The correlation of Outcrop Gold 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 Outcrop Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Outcrop Gold 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 Outcrop Gold 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 Outcrop Gold Correlation against competitors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Outcrop Stock analysis
When running Outcrop Gold's price analysis, check to measure Outcrop Gold'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 Outcrop Gold is operating at the current time. Most of Outcrop Gold's value examination focuses on studying past and present price action to predict the probability of Outcrop Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Outcrop Gold's price. Additionally, you may evaluate how the addition of Outcrop Gold to your portfolios can decrease your overall portfolio volatility.
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