Ceres Price To Book Ratio from 2010 to 2024
| CRP Stock | CAD 3.04 0.07 2.25% |
Price To Book Ratio | First Reported 2010-12-31 | Previous Quarter 0.41733094 | Current Value 0.6384495 | Quarterly Volatility 0.13889877 |
Check Ceres Global financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ceres Global's main balance sheet or income statement drivers, such as Depreciation And Amortization of 4.8 M, Interest Expense of 0.0 or Total Revenue of 263.6 M, as well as many indicators such as Price To Sales Ratio of 0.37, Dividend Yield of 0.0 or PTB Ratio of 0.64. Ceres financial statements analysis is a perfect complement when working with Ceres Global Valuation or Volatility modules.
Ceres | Price To Book Ratio |
Pair Trading with Ceres Global
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 Ceres Global 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 Ceres Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Ceres Stock
Moving against Ceres Stock
The ability to find closely correlated positions to Ceres Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ceres Global 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 Ceres Global - 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 Ceres Global Ag to buy it.
The correlation of Ceres Global 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 Ceres Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ceres Global Ag 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 Ceres Global 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 Ceres Stock
Ceres Global financial ratios help investors to determine whether Ceres 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 Ceres with respect to the benefits of owning Ceres Global security.