Cymbria Other Assets from 2010 to 2024

CYB Stock  CAD 72.45  0.45  0.63%   
Cymbria Other Assets yearly trend continues to be very stable with very little volatility. Other Assets are likely to grow to about -1.6 B this year. During the period from 2010 to 2024, Cymbria Other Assets quarterly data regression pattern had sample variance of 633220.4 T and median of  16,564,000. View All Fundamentals
 
Other Assets  
First Reported
2012-12-31
Previous Quarter
1.7 B
Current Value
1.8 B
Quarterly Volatility
551.5 M
 
Yuan Drop
 
Covid
Check Cymbria financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cymbria's main balance sheet or income statement drivers, such as Interest Expense of 2.7 M, Selling General Administrative of 2.7 M or Total Revenue of 252.3 M, as well as many indicators such as Price To Sales Ratio of 10.64, Dividend Yield of 0.0 or PTB Ratio of 0.79. Cymbria financial statements analysis is a perfect complement when working with Cymbria Valuation or Volatility modules.
  
This module can also supplement various Cymbria Technical models . Check out the analysis of Cymbria Correlation against competitors.

Pair Trading with Cymbria

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 Cymbria 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 Cymbria will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cymbria Stock

  0.69JPM JPMorgan ChasePairCorr
  0.72BOFA Bank of AmericaPairCorr

Moving against Cymbria Stock

  0.65PFE Pfizer Inc CDRPairCorr
  0.55TKU Tarku ResourcesPairCorr
  0.46ENB-PH Enbridge H CumPairCorr
The ability to find closely correlated positions to Cymbria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cymbria 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 Cymbria - 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 Cymbria to buy it.
The correlation of Cymbria 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 Cymbria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cymbria 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 Cymbria 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Cymbria Stock

Cymbria financial ratios help investors to determine whether Cymbria 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 Cymbria with respect to the benefits of owning Cymbria security.