Gibson Income Quality from 2010 to 2024
| GEI Stock | CAD 23.61 0.06 0.25% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 2.68359701 | Current Value 2.82 | Quarterly Volatility 2.64863075 |
Check Gibson Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Gibson Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 176.4 M, Interest Expense of 80.8 M or Selling General Administrative of 69.7 M, as well as many indicators such as Price To Sales Ratio of 0.47, Dividend Yield of 0.0465 or PTB Ratio of 2.61. Gibson financial statements analysis is a perfect complement when working with Gibson Energy Valuation or Volatility modules.
Gibson | Income Quality |
Pair Trading with Gibson Energy
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 Gibson Energy 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 Gibson Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Gibson Stock
| 0.84 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.74 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.85 | ENS | E Split Corp | PairCorr |
| 0.71 | ENS-PA | E Split Corp | PairCorr |
Moving against Gibson Stock
The ability to find closely correlated positions to Gibson Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gibson Energy 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 Gibson Energy - 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 Gibson Energy to buy it.
The correlation of Gibson Energy 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 Gibson Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gibson Energy 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 Gibson Energy 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 Gibson Stock
Gibson Energy financial ratios help investors to determine whether Gibson 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 Gibson with respect to the benefits of owning Gibson Energy security.