Stingray Operating Margin from 2010 to 2026
| RAY-A Stock | CAD 15.66 0.13 0.82% |
Check Stingray financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Stingray's main balance sheet or income statement drivers, such as Depreciation And Amortization of 27.7 M, Selling General Administrative of 7.2 M or Selling And Marketing Expenses of 10.4 M, as well as many indicators such as Price To Sales Ratio of 3.15, Dividend Yield of 0.0506 or PTB Ratio of 2.17. Stingray financial statements analysis is a perfect complement when working with Stingray Valuation or Volatility modules.
Stingray | Operating Margin |
Latest Stingray's Operating Margin Growth Pattern
Below is the plot of the Operating Profit Margin of Stingray Group over the last few years. It is Stingray's Operating Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Stingray's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 0.25 % | 10 Years Trend |
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Operating Profit Margin |
| Timeline |
Stingray Operating Margin Regression Statistics
| Arithmetic Mean | 0.19 | |
| Geometric Mean | 0.17 | |
| Coefficient Of Variation | 32.89 | |
| Mean Deviation | 0.05 | |
| Median | 0.21 | |
| Standard Deviation | 0.06 | |
| Sample Variance | 0 | |
| Range | 0.2086 | |
| R-Value | 0.17 | |
| Mean Square Error | 0 | |
| R-Squared | 0.03 | |
| Significance | 0.50 | |
| Slope | 0 | |
| Total Sum of Squares | 0.06 |
Stingray Operating Margin History
About Stingray Financial Statements
Stingray shareholders use historical fundamental indicators, such as Operating Margin, to determine how well the company is positioned to perform in the future. Although Stingray investors may analyze each financial statement separately, they are all interrelated. The changes in Stingray's assets and liabilities, for example, are also reflected in the revenues and expenses on on Stingray's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Stingray Group Inc. provides business-to-business multi-platform music, and in-store music and video solutions to businesses and individuals worldwide. Stingray Group Inc. was incorporated in 2006 and is headquartered in Montreal, Canada. Stingray Digital operates under Media - Diversified classification in Canada and is traded on Toronto Stock Exchange. It employs 1243 people.
Pair Trading with Stingray
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 Stingray 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 Stingray will appreciate offsetting losses from the drop in the long position's value.Moving against Stingray Stock
The ability to find closely correlated positions to Stingray could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stingray 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 Stingray - 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 Stingray Group to buy it.
The correlation of Stingray 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 Stingray moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stingray Group 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 Stingray 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 Stingray Stock Analysis
When running Stingray's price analysis, check to measure Stingray'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 Stingray is operating at the current time. Most of Stingray's value examination focuses on studying past and present price action to predict the probability of Stingray's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stingray's price. Additionally, you may evaluate how the addition of Stingray to your portfolios can decrease your overall portfolio volatility.