Gatos Income Quality from 2010 to 2024
| GATO Stock | CAD 22.22 1.72 7.18% |
Income Quality | First Reported 2010-12-31 | Previous Quarter (0.93) | Current Value (0.89) | Quarterly Volatility 0.58344533 |
Check Gatos Silver financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gatos Silver's main balance sheet or income statement drivers, such as Depreciation And Amortization of 75 K, Interest Expense of 691.6 K or Other Operating Expenses of 16.5 M, as well as many indicators such as Price To Sales Ratio of 1.74, Dividend Yield of 0.15 or PTB Ratio of 1.21. Gatos financial statements analysis is a perfect complement when working with Gatos Silver Valuation or Volatility modules.
Gatos | Income Quality |
Pair Trading with Gatos Silver
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 Gatos Silver 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 Gatos Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Gatos Stock
Moving against Gatos Stock
The ability to find closely correlated positions to Gatos Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gatos Silver 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 Gatos Silver - 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 Gatos Silver to buy it.
The correlation of Gatos Silver 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 Gatos Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gatos Silver 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 Gatos Silver 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.Check out the analysis of Gatos Silver Correlation against competitors. To learn how to invest in Gatos Stock, please use our How to Invest in Gatos Silver guide.You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.