AKITA Net Income Applicable To Common Shares from 2010 to 2026
| AKT-A Stock | CAD 2.09 0.02 0.97% |
Net Income Applicable To Common Shares | First Reported 2010-12-31 | Previous Quarter 3.9 M | Current Value 4.1 M | Quarterly Volatility 25.7 M |
Check AKITA Drilling financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AKITA Drilling's main balance sheet or income statement drivers, such as Depreciation And Amortization of 19.4 M, Total Revenue of 137.8 M or Gross Profit of 23.9 M, as well as many indicators such as Price To Sales Ratio of 0.36, Dividend Yield of 0.2 or PTB Ratio of 0.4. AKITA financial statements analysis is a perfect complement when working with AKITA Drilling Valuation or Volatility modules.
AKITA | Net Income Applicable To Common Shares |
The evolution of Net Income Applicable To Common Shares for AKITA Drilling provides essential context for understanding the company's financial health trajectory. By analyzing this metric's behavior over time, investors can assess whether recent trends align with long-term patterns, and how AKITA Drilling compares to historical norms and industry peers.
Latest AKITA Drilling's Net Income Applicable To Common Shares Growth Pattern
Below is the plot of the Net Income Applicable To Common Shares of AKITA Drilling over the last few years. It is the net income that remains after preferred dividends have been deducted, available to common shareholders. AKITA Drilling's Net Income Applicable To Common Shares historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AKITA Drilling's overall financial position and show how it may be relating to other accounts over time.
| Net Income Applicable To Common Shares | 10 Years Trend |
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Net Income Applicable To Common Shares |
| Timeline |
AKITA Net Income Applicable To Common Shares Regression Statistics
| Arithmetic Mean | (7,716,273) | |
| Coefficient Of Variation | (333.53) | |
| Mean Deviation | 17,726,310 | |
| Median | 4,288,000 | |
| Standard Deviation | 25,736,150 | |
| Sample Variance | 662.3T | |
| Range | 98.6M | |
| R-Value | (0.14) | |
| Mean Square Error | 692.5T | |
| R-Squared | 0.02 | |
| Significance | 0.59 | |
| Slope | (718,087) | |
| Total Sum of Squares | 10597.6T |
AKITA Net Income Applicable To Common Shares History
About AKITA Drilling Financial Statements
AKITA Drilling shareholders use historical fundamental indicators, such as Net Income Applicable To Common Shares, to determine how well the company is positioned to perform in the future. Although AKITA Drilling investors may analyze each financial statement separately, they are all interrelated. The changes in AKITA Drilling's assets and liabilities, for example, are also reflected in the revenues and expenses on on AKITA Drilling's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Income Applicable To Common Shares | 3.9 M | 4.1 M |
Pair Trading with AKITA Drilling
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 AKITA Drilling 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 AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.Moving together with AKITA Stock
| 0.76 | ENB-PFV | Enbridge Pref 5 Earnings Call Tomorrow | PairCorr |
| 0.71 | ENB-PFC | Enbridge Pref 11 Earnings Call Tomorrow | PairCorr |
Moving against AKITA Stock
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| 0.53 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.53 | MSFT | Microsoft CDR | PairCorr |
| 0.43 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling 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 AKITA Drilling - 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 AKITA Drilling to buy it.
The correlation of AKITA Drilling 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 AKITA Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AKITA Drilling 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 AKITA Drilling 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.Additional Tools for AKITA Stock Analysis
When running AKITA Drilling's price analysis, check to measure AKITA Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.