Goodfood Price To Sales Ratio from 2010 to 2024
| FOOD Stock | CAD 0.45 0.01 2.17% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 13.18867182 | Current Value 13.85 | Quarterly Volatility 5.11560548 |
Check Goodfood Market financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Goodfood Market's main balance sheet or income statement drivers, such as Depreciation And Amortization of 13.1 M, Interest Expense of 0.0 or Selling General Administrative of 60.3 K, as well as many indicators such as Price To Sales Ratio of 13.85, Dividend Yield of 0.0 or PTB Ratio of 8.15. Goodfood financial statements analysis is a perfect complement when working with Goodfood Market Valuation or Volatility modules.
Goodfood | Price To Sales Ratio |
Pair Trading with Goodfood Market
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 Goodfood Market 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 Goodfood Market will appreciate offsetting losses from the drop in the long position's value.Moving together with Goodfood Stock
| 0.85 | RY-PS | Royal Bank | PairCorr |
| 0.68 | RY | Royal Bank | PairCorr |
| 0.79 | RY-PM | Royal Bank | PairCorr |
| 0.75 | TD-PFI | Toronto Dominion Bank Earnings Call Tomorrow | PairCorr |
Moving against Goodfood Stock
| 0.46 | TD | Toronto Dominion Bank Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Goodfood Market could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodfood Market 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 Goodfood Market - 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 Goodfood Market Corp to buy it.
The correlation of Goodfood Market 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 Goodfood Market moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Goodfood Market 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 Goodfood Market 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 Goodfood Stock
Goodfood Market financial ratios help investors to determine whether Goodfood 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 Goodfood with respect to the benefits of owning Goodfood Market security.