North Days Of Inventory On Hand from 2010 to 2024

FFN Stock  CAD 7.27  0.05  0.68%   
North American Days Of Inventory On Hand yearly trend continues to be very stable with very little volatility. Days Of Inventory On Hand is likely to grow to 2.75 this year. During the period from 2010 to 2024, North American Days Of Inventory On Hand quarterly data regression pattern had range of 2.9138 and standard deviation of  1.28. View All Fundamentals
 
Days Of Inventory On Hand  
First Reported
2010-12-31
Previous Quarter
2.62
Current Value
2.75
Quarterly Volatility
1.2830879
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check North American financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among North American's main balance sheet or income statement drivers, such as Interest Expense of 41.4 M, Selling General Administrative of 749.6 K or Other Operating Expenses of 7.9 M, as well as many indicators such as Dividend Yield of 0.32, Ptb Ratio of 1.21 or Book Value Per Share of 3.16. North financial statements analysis is a perfect complement when working with North American Valuation or Volatility modules.
  
This module can also supplement various North American Technical models . Check out the analysis of North American Correlation against competitors.

Pair Trading with North American

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

Moving together with North Stock

  0.75BIP-PB Brookfield InfrastructurePairCorr

Moving against North Stock

  0.93VCM Vecima NetworksPairCorr
  0.44MOX Morien Resources CorpPairCorr
The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American 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 North American - 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 North American Financial to buy it.
The correlation of North American 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 North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Financial 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 North American 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 North Stock

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