Hammond Net Profit Margin from 2010 to 2024

HPS-A Stock  CAD 126.59  4.95  4.07%   
Hammond Power Net Profit Margin yearly trend continues to be comparatively stable with very little volatility. Net Profit Margin is likely to outpace its year average in 2024. Net Profit Margin is the percentage of revenue left after all expenses have been deducted from sales. The measure is calculated by dividing net profit by revenue. View All Fundamentals
 
Net Profit Margin  
First Reported
2010-12-31
Previous Quarter
0.08928632
Current Value
0.0938
Quarterly Volatility
0.03619361
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Hammond Power financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Hammond Power's main balance sheet or income statement drivers, such as Depreciation And Amortization of 5.6 M, Total Revenue of 745.6 M or Gross Profit of 242.6 M, as well as many indicators such as Price To Sales Ratio of 1.44, Dividend Yield of 0.0064 or PTB Ratio of 4.43. Hammond financial statements analysis is a perfect complement when working with Hammond Power Valuation or Volatility modules.
  
This module can also supplement various Hammond Power Technical models . Check out the analysis of Hammond Power Correlation against competitors.

Pair Trading with Hammond Power

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 Hammond Power 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 Hammond Power will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Hammond Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Power 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 Hammond Power - 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 Hammond Power Solutions to buy it.
The correlation of Hammond Power 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 Hammond Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Power Solutions 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 Hammond Power 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

Additional Tools for Hammond Stock Analysis

When running Hammond Power's price analysis, check to measure Hammond Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hammond Power is operating at the current time. Most of Hammond Power's value examination focuses on studying past and present price action to predict the probability of Hammond Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Power's price. Additionally, you may evaluate how the addition of Hammond Power to your portfolios can decrease your overall portfolio volatility.