Boyd Financial Statements From 2010 to 2025
| BYD Stock | CAD 233.14 2.32 0.99% |
Check Boyd Group financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Boyd Group's main balance sheet or income statement drivers, such as , as well as many indicators such as . Boyd financial statements analysis is a perfect complement when working with Boyd Group Valuation or Volatility modules.
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Boyd Group Services Company Operating Margin Analysis
Boyd Group's Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
Current Boyd Group Operating Margin | 0.05 % |
Most of Boyd Group's fundamental indicators, such as Operating Margin, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Boyd Group Services is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
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Based on the recorded statements, Boyd Group Services has an Operating Margin of 0.0468%. This is 99.27% lower than that of the Diversified Consumer Services sector and 99.76% lower than that of the Consumer Discretionary industry. The operating margin for all Canada stocks is 100.85% lower than that of the firm.
Boyd Group Services Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Boyd Group's current stock value. Our valuation model uses many indicators to compare Boyd Group value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Boyd Group competition to find correlations between indicators driving Boyd Group's intrinsic value. More Info.Boyd Group Services is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers reporting about 1.49 of Return On Asset per Return On Equity. Comparative valuation analysis is a catch-all model that can be used if you cannot value Boyd Group by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Boyd Group's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Boyd Group Financial Statements
Boyd Group investors utilize fundamental indicators, such as revenue or net income, to predict how Boyd Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Boyd Group Services Inc., together with its subsidiaries, operates non-franchised collision repair centers in North America. The company was founded in 1990 and is headquartered in Winnipeg, Canada. BOYD GROUP operates under Personal Services classification in Canada and is traded on Toronto Stock Exchange. It employs 10145 people.
Pair Trading with Boyd Group
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 Boyd Group 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 Boyd Group will appreciate offsetting losses from the drop in the long position's value.Moving against Boyd Stock
| 0.5 | NVDA | NVIDIA CDR | PairCorr |
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| 0.46 | ICE | Canlan Ice Sports | PairCorr |
| 0.4 | PRN | Profound Medical Corp | PairCorr |
The ability to find closely correlated positions to Boyd Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Boyd Group 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 Boyd Group - 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 Boyd Group Services to buy it.
The correlation of Boyd Group 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 Boyd Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Boyd Group Services 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 Boyd Group 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 Boyd Group Correlation against competitors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.