Obsidian Ebitda from 2010 to 2024

OBE Stock  CAD 7.71  0.11  1.41%   
Obsidian Energy EBITDA yearly trend continues to be very stable with very little volatility. EBITDA is likely to grow to about 585.1 M this year. During the period from 2010 to 2024, Obsidian Energy EBITDA quarterly data regression pattern had range of 2.7 B and standard deviation of  808,216,498. View All Fundamentals
 
EBITDA  
First Reported
2005-06-30
Previous Quarter
122.5 M
Current Value
121.5 M
Quarterly Volatility
193.8 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Obsidian Energy financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Obsidian Energy's main balance sheet or income statement drivers, such as Depreciation And Amortization of 214.5 M, Interest Expense of 30.2 M or Selling General Administrative of 18.1 M, as well as many indicators such as Price To Sales Ratio of 1.83, Dividend Yield of 0.088 or PTB Ratio of 0.44. Obsidian financial statements analysis is a perfect complement when working with Obsidian Energy Valuation or Volatility modules.
  
This module can also supplement various Obsidian Energy Technical models . Check out the analysis of Obsidian Energy Correlation against competitors.
To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.

Pair Trading with Obsidian Energy

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 Obsidian Energy 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 Obsidian Energy will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Obsidian Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Obsidian Energy 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 Obsidian Energy - 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 Obsidian Energy to buy it.
The correlation of Obsidian Energy 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 Obsidian Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Obsidian Energy 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 Obsidian Energy 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
When determining whether Obsidian Energy is a strong investment it is important to analyze Obsidian Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Obsidian Energy's future performance. For an informed investment choice regarding Obsidian Stock, refer to the following important reports:
Check out the analysis of Obsidian Energy Correlation against competitors.
To learn how to invest in Obsidian Stock, please use our How to Invest in Obsidian Energy guide.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Please note, there is a significant difference between Obsidian Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Obsidian Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Obsidian Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.