Yorbeau Non Current Assets Total from 2010 to 2024
| YRB Stock | CAD 0.04 0.00 0.00% |
Non Current Assets Total | First Reported 1997-03-31 | Previous Quarter 25.5 M | Current Value 25.6 M | Quarterly Volatility 8.4 M |
Check Yorbeau Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Yorbeau Resources' main balance sheet or income statement drivers, such as Interest Expense of 8.1 K, Selling General Administrative of 915.5 K or Total Revenue of 19.1 K, as well as many indicators such as Price To Sales Ratio of 797, Dividend Yield of 0.0 or PTB Ratio of 0.66. Yorbeau financial statements analysis is a perfect complement when working with Yorbeau Resources Valuation or Volatility modules.
Yorbeau | Non Current Assets Total |
Pair Trading with Yorbeau Resources
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 Yorbeau Resources 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 Yorbeau Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Yorbeau Stock
| 0.5 | WMT | Walmart Inc CDR | PairCorr |
| 0.49 | AMZN | Amazon CDR | PairCorr |
| 0.42 | AAPL | Apple Inc CDR | PairCorr |
| 0.38 | GOOG | Alphabet CDR | PairCorr |
| 0.31 | MSFT | Microsoft Corp CDR | PairCorr |
The ability to find closely correlated positions to Yorbeau Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yorbeau Resources 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 Yorbeau Resources - 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 Yorbeau Resources to buy it.
The correlation of Yorbeau Resources 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 Yorbeau Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yorbeau Resources 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 Yorbeau Resources 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 Yorbeau Stock
Yorbeau Resources financial ratios help investors to determine whether Yorbeau 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 Yorbeau with respect to the benefits of owning Yorbeau Resources security.