Generation Price Book Value Ratio from 2010 to 2024
| GENM Stock | CAD 0.14 0.01 6.67% |
Price Book Value Ratio | First Reported 2010-12-31 | Previous Quarter (1.48) | Current Value (1.40) | Quarterly Volatility 10.47359158 |
Check Generation Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Generation Mining's main balance sheet or income statement drivers, such as Depreciation And Amortization of 909 K, Interest Expense of 277.3 K or Selling General Administrative of 2.7 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or Days Sales Outstanding of 0.0. Generation financial statements analysis is a perfect complement when working with Generation Mining Valuation or Volatility modules.
Generation | Price Book Value Ratio |
Pair Trading with Generation 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 Generation 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 Generation Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Generation Stock
| 0.75 | AG | First Majestic Silver | PairCorr |
| 0.67 | IE | Ivanhoe Energy | PairCorr |
| 0.74 | ORE | Orezone Gold Corp | PairCorr |
| 0.63 | FDY | Faraday Copper Corp | PairCorr |
| 0.66 | INFM | Infinico Metals Corp | PairCorr |
Moving against Generation Stock
| 0.85 | ERE-UN | European Residential Real | PairCorr |
| 0.85 | TCS | TECSYS Inc | PairCorr |
| 0.84 | DBO | D Box Technologies | PairCorr |
| 0.76 | ENS-PA | E Split Corp | PairCorr |
| 0.74 | FFH | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Generation 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 Generation 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 Generation 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 Generation Mining to buy it.
The correlation of Generation 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 Generation Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Generation Mining 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 Generation 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 Generation Stock
Generation Mining financial ratios help investors to determine whether Generation 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 Generation with respect to the benefits of owning Generation Mining security.