SNC Operating Cycle from 2010 to 2024
| ATRL Stock | 75.09 0.80 1.08% |
Operating Cycle | First Reported 2010-12-31 | Previous Quarter 139.46631787 | Current Value 144.94 | Quarterly Volatility 13.97163801 |
Check SNC Lavalin financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among SNC Lavalin's main balance sheet or income statement drivers, such as Depreciation And Amortization of 161 M, Total Revenue of 6.4 B or Gross Profit of 779.1 M, as well as many indicators such as Price To Sales Ratio of 0.73, Dividend Yield of 0.0018 or PTB Ratio of 4.11. SNC financial statements analysis is a perfect complement when working with SNC Lavalin Valuation or Volatility modules.
SNC | Operating Cycle |
Pair Trading with SNC Lavalin
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 SNC Lavalin 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 SNC Lavalin will appreciate offsetting losses from the drop in the long position's value.Moving together with SNC Stock
| 0.67 | WSP | WSP Global | PairCorr |
| 0.88 | STN | Stantec | PairCorr |
| 0.85 | ARE | Aecon Group | PairCorr |
| 0.62 | BDT | Bird Construction | PairCorr |
Moving against SNC Stock
The ability to find closely correlated positions to SNC Lavalin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SNC Lavalin 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 SNC Lavalin - 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 SNC Lavalin Group to buy it.
The correlation of SNC Lavalin 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 SNC Lavalin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SNC Lavalin Group 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 SNC Lavalin 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.Other Information on Investing in SNC Stock
SNC Lavalin financial ratios help investors to determine whether SNC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in SNC with respect to the benefits of owning SNC Lavalin security.