Brompton Price To Book Ratio from 2010 to 2024
| SBC Stock | CAD 10.46 0.05 0.48% |
Price To Book Ratio | First Reported 2010-12-31 | Previous Quarter 1.02302282 | Current Value 0.8 | Quarterly Volatility 0.09296171 |
Check Brompton Split financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Brompton Split's main balance sheet or income statement drivers, such as Interest Expense of 36.1, Total Revenue of 35.9 M or Gross Profit of 35.9 M, as well as many indicators such as Price To Sales Ratio of 6.24, Dividend Yield of 0.11 or PTB Ratio of 0.8. Brompton financial statements analysis is a perfect complement when working with Brompton Split Valuation or Volatility modules.
Brompton | Price To Book Ratio |
Pair Trading with Brompton Split
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 Brompton Split 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 Brompton Split will appreciate offsetting losses from the drop in the long position's value.Moving against Brompton Stock
The ability to find closely correlated positions to Brompton Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brompton Split 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 Brompton Split - 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 Brompton Split Banc to buy it.
The correlation of Brompton Split 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 Brompton Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brompton Split Banc 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 Brompton Split 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 Brompton Stock
Brompton Split financial ratios help investors to determine whether Brompton 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 Brompton with respect to the benefits of owning Brompton Split security.