TerrAscend Days Sales Outstanding from 2010 to 2025
| TSND Stock | 0.82 0.01 1.23% |
Days Sales Outstanding | First Reported 2010-12-31 | Previous Quarter 32.31594722 | Current Value 30.7 | Quarterly Volatility 286.33570317 |
Check TerrAscend Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among TerrAscend Corp's main balance sheet or income statement drivers, such as Other Operating Expenses of 238.3 M, Ebitda of 6.5 M or Total Operating Expenses of 102.5 M, as well as many indicators such as Price To Sales Ratio of 0.58, Dividend Yield of 0.0 or PTB Ratio of 1.0. TerrAscend financial statements analysis is a perfect complement when working with TerrAscend Corp Valuation or Volatility modules.
TerrAscend | Days Sales Outstanding |
Pair Trading with TerrAscend Corp
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 TerrAscend Corp 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 TerrAscend Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with TerrAscend Stock
Moving against TerrAscend Stock
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| 0.76 | LCS | Brompton Lifeco Split | PairCorr |
The ability to find closely correlated positions to TerrAscend Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TerrAscend Corp 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 TerrAscend Corp - 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 TerrAscend Corp to buy it.
The correlation of TerrAscend Corp 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 TerrAscend Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TerrAscend 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 TerrAscend Corp 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.Other Information on Investing in TerrAscend Stock
TerrAscend Corp financial ratios help investors to determine whether TerrAscend Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in TerrAscend with respect to the benefits of owning TerrAscend Corp security.