Trigon Capital Stock from 2010 to 2024
| TM Stock | CAD 0.19 0.01 5.56% |
Capital Stock | First Reported 2010-12-31 | Previous Quarter 51.2 M | Current Value 49.9 M | Quarterly Volatility 7.2 M |
Check Trigon Metals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trigon main balance sheet or income statement drivers, such as Depreciation And Amortization of 520 K, Total Revenue of 811.6 K or Other Operating Expenses of 4.3 M, as well as many exotic indicators such as Price To Sales Ratio of 20.62, Dividend Yield of 0.0 or Days Sales Outstanding of 182. Trigon financial statements analysis is a perfect complement when working with Trigon Metals Valuation or Volatility modules.
Trigon | Capital Stock |
Pair Trading with Trigon Metals
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 Trigon Metals 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 Trigon Metals will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Trigon Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trigon Metals 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 Trigon Metals - 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 Trigon Metals to buy it.
The correlation of Trigon Metals 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 Trigon Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trigon Metals 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 Trigon Metals 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 Trigon Metals Correlation against competitors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Trigon Stock analysis
When running Trigon Metals' price analysis, check to measure Trigon Metals' 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 Trigon Metals is operating at the current time. Most of Trigon Metals' value examination focuses on studying past and present price action to predict the probability of Trigon Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Trigon Metals' price. Additionally, you may evaluate how the addition of Trigon Metals to your portfolios can decrease your overall portfolio volatility.
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