Jaguar Pb Ratio from 2010 to 2024
| JAG Stock | CAD 2.23 0.04 1.76% |
PB Ratio | First Reported 2010-12-31 | Previous Quarter 0.41691625 | Current Value 0.65 | Quarterly Volatility 0.75574966 |
Check Jaguar Mining financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Jaguar Mining's main balance sheet or income statement drivers, such as Depreciation And Amortization of 18.3 M, Interest Expense of 3.2 M or Selling General Administrative of 10.1 M, as well as many indicators such as Price To Sales Ratio of 0.7, Dividend Yield of 0.0326 or PTB Ratio of 0.65. Jaguar financial statements analysis is a perfect complement when working with Jaguar Mining Valuation or Volatility modules.
Jaguar | Pb Ratio |
Pair Trading with Jaguar 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 Jaguar 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 Jaguar Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Jaguar Stock
Moving against Jaguar Stock
| 0.85 | AMZN | Amazon CDR | PairCorr |
| 0.83 | WMT | Walmart Inc CDR | PairCorr |
| 0.79 | GOOG | Alphabet CDR | PairCorr |
| 0.66 | AAPL | Apple Inc CDR | PairCorr |
| 0.55 | ARX | ARC Resources | PairCorr |
The ability to find closely correlated positions to Jaguar 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 Jaguar 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 Jaguar 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 Jaguar Mining to buy it.
The correlation of Jaguar 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 Jaguar Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jaguar 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 Jaguar 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 Jaguar Stock
Jaguar Mining financial ratios help investors to determine whether Jaguar 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 Jaguar with respect to the benefits of owning Jaguar Mining security.