International Income Quality from 2010 to 2024
| IPCO Stock | CAD 15.89 0.33 2.12% |
Income Quality | First Reported 2010-12-31 | Previous Quarter 2.00145706 | Current Value 1.3 | Quarterly Volatility 1.83474065 |
Check International Petroleum financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among International Petroleum's main balance sheet or income statement drivers, such as Depreciation And Amortization of 124.2 M, Interest Expense of 19 M or Selling General Administrative of 13.2 M, as well as many indicators such as Price To Sales Ratio of 1.9, Dividend Yield of 0.0 or PTB Ratio of 0.82. International financial statements analysis is a perfect complement when working with International Petroleum Valuation or Volatility modules.
International | Income Quality |
Pair Trading with International Petroleum
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 International Petroleum 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 International Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving against International Stock
| 0.69 | ENS | E Split Corp | PairCorr |
| 0.62 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.62 | ENS-PA | E Split Corp | PairCorr |
| 0.46 | BUI | Buhler Industries | PairCorr |
The ability to find closely correlated positions to International Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Petroleum 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 International Petroleum - 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 International Petroleum Corp to buy it.
The correlation of International Petroleum 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 International Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Petroleum 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 International Petroleum 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 International Stock
International Petroleum financial ratios help investors to determine whether International 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 International with respect to the benefits of owning International Petroleum security.