Tristar Payables Turnover from 2010 to 2024
TSG Stock | CAD 0.15 0.01 7.14% |
Payables Turnover | First Reported 2010-12-31 | Previous Quarter 4.3 | Current Value 4.51 | Quarterly Volatility 2.12834827 |
Check Tristar Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tristar main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.7 K, Selling General Administrative of 1.4 M or Other Operating Expenses of 1.5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 0.57. Tristar financial statements analysis is a perfect complement when working with Tristar Gold Valuation or Volatility modules.
Tristar | Payables Turnover |
Pair Trading with Tristar 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 Tristar 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 Tristar Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Tristar Stock
0.9 | IE | Ivanhoe Energy | PairCorr |
0.82 | FDY | Faraday Copper Corp | PairCorr |
0.66 | JPM | JPMorgan Chase Earnings Call This Week | PairCorr |
0.8 | BOFA | Bank of America | PairCorr |
Moving against Tristar Stock
0.48 | IBM | International Business | PairCorr |
The ability to find closely correlated positions to Tristar 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 Tristar 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 Tristar 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 Tristar Gold to buy it.
The correlation of Tristar 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 Tristar Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tristar Gold 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 Tristar 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 Tristar Gold Correlation against competitors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Tristar Stock analysis
When running Tristar Gold's price analysis, check to measure Tristar 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 Tristar Gold is operating at the current time. Most of Tristar Gold's value examination focuses on studying past and present price action to predict the probability of Tristar 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 Tristar Gold's price. Additionally, you may evaluate how the addition of Tristar Gold to your portfolios can decrease your overall portfolio volatility.
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