Vista Price Earnings Ratio from 2010 to 2024
| VGZ Stock | CAD 0.81 0.02 2.53% |
Price Earnings Ratio | First Reported 2010-12-31 | Previous Quarter (8.31) | Current Value (7.90) | Quarterly Volatility 44.88530145 |
Check Vista Gold financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Vista Gold's main balance sheet or income statement drivers, such as Interest Expense of 121.3 K, Total Revenue of 0.0 or Total Other Income Expense Net of 145.9 K, as well as many indicators such as Price To Sales Ratio of 182, Dividend Yield of 0.0 or PTB Ratio of 11.61. Vista financial statements analysis is a perfect complement when working with Vista Gold Valuation or Volatility modules.
Vista | Price Earnings Ratio |
Pair Trading with Vista Gold
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 Vista Gold 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 Vista Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Vista Stock
Moving against Vista Stock
| 0.78 | FFH | Fairfax Financial | PairCorr |
| 0.76 | WCN | Waste Connections | PairCorr |
| 0.7 | FSV | FirstService Corp | PairCorr |
| 0.56 | BYD | Boyd Group Services | PairCorr |
| 0.55 | CSU | Constellation Software | PairCorr |
The ability to find closely correlated positions to Vista Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vista Gold 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 Vista Gold - 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 Vista Gold to buy it.
The correlation of Vista Gold 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 Vista Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vista Gold 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 Vista Gold 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 Vista Gold Correlation against competitors. To learn how to invest in Vista Stock, please use our How to Invest in Vista Gold guide.You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.