Pacific Pretax Profit Margin from 2010 to 2024
| PEX Stock | CAD 0.06 0.01 8.33% |
Pretax Profit Margin | First Reported 2010-12-31 | Previous Quarter 0.0 | Current Value 0.0 | Quarterly Volatility 0.0 |
Check Pacific Ridge financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Pacific Ridge's main balance sheet or income statement drivers, such as Depreciation And Amortization of 30.5 K, Other Operating Expenses of 9.5 M or Total Operating Expenses of 8.8 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 4.28. Pacific financial statements analysis is a perfect complement when working with Pacific Ridge Valuation or Volatility modules.
Pacific | Pretax Profit Margin |
Pair Trading with Pacific Ridge
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 Pacific Ridge 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 Pacific Ridge will appreciate offsetting losses from the drop in the long position's value.Moving against Pacific Stock
| 0.85 | EFN | Element Fleet Management | PairCorr |
| 0.77 | NVDA | NVIDIA CDR | PairCorr |
| 0.71 | GOOG | Alphabet CDR | PairCorr |
| 0.71 | EFN-PC | Element Fleet Management | PairCorr |
| 0.67 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Pacific Ridge could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pacific Ridge 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 Pacific Ridge - 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 Pacific Ridge Exploration to buy it.
The correlation of Pacific Ridge 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 Pacific Ridge moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pacific Ridge Exploration 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 Pacific Ridge 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 Pacific Stock Analysis
When running Pacific Ridge's price analysis, check to measure Pacific Ridge'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 Pacific Ridge is operating at the current time. Most of Pacific Ridge's value examination focuses on studying past and present price action to predict the probability of Pacific Ridge's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pacific Ridge's price. Additionally, you may evaluate how the addition of Pacific Ridge to your portfolios can decrease your overall portfolio volatility.