Trican Days Of Sales Outstanding from 2010 to 2024

TCW Stock  CAD 4.82  0.01  0.21%   
Trican Well Days Of Sales Outstanding yearly trend continues to be very stable with very little volatility. Days Of Sales Outstanding is likely to grow to 90.06 this year. During the period from 2010 to 2024, Trican Well Days Of Sales Outstanding quarterly data regression pattern had sample variance of  376.06 and median of  82.27. View All Fundamentals
 
Days Of Sales Outstanding  
First Reported
2010-12-31
Previous Quarter
67.96817765
Current Value
90.06
Quarterly Volatility
19.39220992
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Trican Well financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trican Well's main balance sheet or income statement drivers, such as Depreciation And Amortization of 85.2 M, Interest Expense of 2.5 M or Selling General Administrative of 46.4 M, as well as many indicators such as Price To Sales Ratio of 1.76, Dividend Yield of 0.0294 or PTB Ratio of 2.46. Trican financial statements analysis is a perfect complement when working with Trican Well Valuation or Volatility modules.
  
This module can also supplement various Trican Well Technical models . Check out the analysis of Trican Well Correlation against competitors.

Pair Trading with Trican Well

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 Trican Well 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 Trican Well will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Trican Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trican Well 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 Trican Well - 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 Trican Well Service to buy it.
The correlation of Trican Well 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 Trican Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trican Well Service 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 Trican Well 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

Other Information on Investing in Trican Stock

Trican Well financial ratios help investors to determine whether Trican 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 Trican with respect to the benefits of owning Trican Well security.