International Free Cash Flow Yield from 2010 to 2024
| ITH Stock | CAD 0.67 0.01 1.47% |
Free Cash Flow Yield | First Reported 2010-12-31 | Previous Quarter (0.03) | Current Value (0.03) | Quarterly Volatility 0.10988959 |
Check International Tower financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among International Tower's main balance sheet or income statement drivers, such as Interest Expense of 8.2 K, Other Operating Expenses of 3.1 M or Total Operating Expenses of 3.1 M, as well as many indicators such as Price To Sales Ratio of 303.6 K, Dividend Yield of 0.0 or PTB Ratio of 1.9. International financial statements analysis is a perfect complement when working with International Tower Valuation or Volatility modules.
International | Free Cash Flow Yield |
Pair Trading with International Tower
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 Tower 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 Tower will appreciate offsetting losses from the drop in the long position's value.Moving together with International Stock
Moving against International Stock
| 0.65 | ARX | ARC Resources | PairCorr |
| 0.54 | WMT | Walmart Inc CDR | PairCorr |
| 0.53 | AMZN | Amazon CDR | PairCorr |
| 0.38 | GOOG | Alphabet CDR | PairCorr |
| 0.37 | BRK | Berkshire Hathaway CDR | PairCorr |
The ability to find closely correlated positions to International Tower 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 Tower 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 Tower - 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 Tower Hill to buy it.
The correlation of International Tower 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 Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill 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 Tower 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 International Tower Correlation against competitors. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.