Endeavour Net Working Capital from 2010 to 2024
| EDV Stock | CAD 28.79 1.78 6.59% |
Net Working Capital | First Reported 2010-12-31 | Previous Quarter 506.8 M | Current Value 405.7 M | Quarterly Volatility 220.4 M |
Check Endeavour Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Endeavour Mining's main balance sheet or income statement drivers, such as Depreciation And Amortization of 569.4 M, Interest Expense of 72.3 M or Selling General Administrative of 21.2 M, as well as many indicators such as Price To Sales Ratio of 2.48, Dividend Yield of 0.0381 or PTB Ratio of 1.63. Endeavour financial statements analysis is a perfect complement when working with Endeavour Mining Valuation or Volatility modules.
Endeavour | Net Working Capital |
Pair Trading with Endeavour Mining
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 Endeavour Mining 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 Endeavour Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Endeavour Stock
Moving against Endeavour Stock
| 0.81 | FFH | Fairfax Financial | PairCorr |
| 0.8 | WCN | Waste Connections | PairCorr |
| 0.66 | CSU | Constellation Software | PairCorr |
| 0.63 | FSV | FirstService Corp | PairCorr |
| 0.49 | BYD | Boyd Group Services | PairCorr |
The ability to find closely correlated positions to Endeavour Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Mining 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 Endeavour Mining - 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 Endeavour Mining Corp to buy it.
The correlation of Endeavour Mining 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 Endeavour Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Mining 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 Endeavour Mining 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 Endeavour Stock
Endeavour Mining financial ratios help investors to determine whether Endeavour 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 Endeavour with respect to the benefits of owning Endeavour Mining security.