Barrick Debt Ratio from 2010 to 2024
| ABX Stock | CAD 24.31 0.08 0.33% |
Debt Ratio | First Reported 2010-12-31 | Previous Quarter 0.1127895 | Current Value 0.15 | Quarterly Volatility 0.09997858 |
Check Barrick Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Barrick Gold's main balance sheet or income statement drivers, such as Interest Expense of 158.6 M, Total Revenue of 5.7 B or Gross Profit of 2.4 B, as well as many indicators such as Price To Sales Ratio of 4.72, Dividend Yield of 0.0232 or PTB Ratio of 1.37. Barrick financial statements analysis is a perfect complement when working with Barrick Gold Valuation or Volatility modules.
Barrick | Debt Ratio |
Pair Trading with Barrick 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 Barrick 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 Barrick Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Barrick Stock
Moving against Barrick Stock
| 0.83 | FFH | Fairfax Financial | PairCorr |
| 0.76 | WCN | Waste Connections | PairCorr |
| 0.67 | CSU | Constellation Software | PairCorr |
| 0.62 | FSV | FirstService Corp | PairCorr |
| 0.47 | IFC | Intact Financial | PairCorr |
The ability to find closely correlated positions to Barrick 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 Barrick 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 Barrick 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 Barrick Gold Corp to buy it.
The correlation of Barrick 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 Barrick Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Barrick 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 Barrick 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 Barrick Gold Correlation against competitors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.