IMO Stock | | | CAD 101.01 1.14 1.12% |
Imperial Oil financial indicator trend analysis is infinitely more than just investigating Imperial Oil recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Imperial Oil is a good investment. Please check the relationship between Imperial Oil Book Value Per Share and its Free Cash Flow Yield accounts. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imperial Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Imperial Stock, please use our
How to Invest in Imperial Oil guide.
Book Value Per Share vs Free Cash Flow Yield
Book Value Per Share vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Imperial Oil Book Value Per Share account and
Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.
The correlation between Imperial Oil's Book Value Per Share and Free Cash Flow Yield is 0.2. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Imperial Oil, assuming nothing else is changed. The correlation between historical values of Imperial Oil's Book Value Per Share and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Imperial Oil are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Book Value Per Share i.e., Imperial Oil's Book Value Per Share and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.2 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.
Most indicators from Imperial Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Imperial Oil current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imperial Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Imperial Stock, please use our
How to Invest in Imperial Oil guide.As of the 9th of December 2024,
Selling General Administrative is likely to grow to about 1
B. Also,
Tax Provision is likely to grow to about 1.6
BImperial Oil fundamental ratios Correlations
Click cells to compare fundamentals
Imperial Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Imperial Oil fundamental ratios Accounts
Pair Trading with Imperial Oil
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 Imperial Oil 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 Imperial Oil will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Imperial Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Oil 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 Imperial Oil - 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 Imperial Oil to buy it.
The correlation of Imperial Oil 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 Imperial Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Oil 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 Imperial Oil 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 MatchingWhen determining whether Imperial Oil offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Imperial Oil's
financial statements, including income statements, balance sheets, and cash flow statements, to assess its
financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Imperial Oil Stock.
Outlined below are crucial reports that will aid in making a well-informed decision on Imperial Oil Stock: Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Imperial Oil. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
To learn how to invest in Imperial Stock, please use our
How to Invest in Imperial Oil guide.
You can also try the
Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Please note, there is a significant difference between Imperial Oil's value and its price as these two are different measures arrived at by different means. Investors typically determine if Imperial Oil is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Imperial Oil'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.