Pembina Return On Capital Employed from 2010 to 2024
| PPL Stock | CAD 58.66 0.10 0.17% |
Return On Capital Employed | First Reported 2010-12-31 | Previous Quarter 0.09031534 | Current Value 0.0798 | Quarterly Volatility 0.01764468 |
Check Pembina Pipeline financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Pembina Pipeline's main balance sheet or income statement drivers, such as Depreciation And Amortization of 713 M, Interest Expense of 493.5 M or Selling General Administrative of 443.1 M, as well as many indicators such as Price To Sales Ratio of 4.04, Dividend Yield of 0.0712 or PTB Ratio of 1.5. Pembina financial statements analysis is a perfect complement when working with Pembina Pipeline Valuation or Volatility modules.
Pembina | Return On Capital Employed |
Pair Trading with Pembina Pipeline
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 Pembina Pipeline 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 Pembina Pipeline will appreciate offsetting losses from the drop in the long position's value.Moving together with Pembina Stock
| 0.94 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.83 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.92 | ENS | E Split Corp | PairCorr |
| 0.75 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Pembina Pipeline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pembina Pipeline 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 Pembina Pipeline - 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 Pembina Pipeline Corp to buy it.
The correlation of Pembina Pipeline 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 Pembina Pipeline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pembina Pipeline Corp 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 Pembina Pipeline 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 Pembina Pipeline Correlation against competitors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.