Brenda Burns - Canso Credit Corp Limited
| PBY-UN Stock | CAD 15.82 0.01 0.06% |
Executive
Brenda Burns is Corp Limited of Canso Credit Trust
| Address | 100 York Boulevard, Richmond Hill, ON, Canada, L4B 1J8 |
| Phone | 905-881-8853 |
| Web | https://lysanderfunds.com/canso-credit-income-fund |
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Canso Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Canso Credit a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Current Valuation | 168.91 M | ||||
| Shares Outstanding | 13.14 M | ||||
| Shares Owned By Insiders | 27.24 % | ||||
| Shares Owned By Institutions | 11.00 % | ||||
| Revenue | 11.81 M | ||||
| EBITDA | 6.11 M | ||||
| Net Income | 6.11 M | ||||
| Total Debt | 53.15 M | ||||
| Cash Flow From Operations | 850.5 K | ||||
| Beta | 0.19 |
Pair Trading with Canso Credit
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 Canso Credit 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 Canso Credit will appreciate offsetting losses from the drop in the long position's value.Moving together with Canso Stock
Moving against Canso Stock
The ability to find closely correlated positions to Canso Credit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canso Credit 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 Canso Credit - 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 Canso Credit Trust to buy it.
The correlation of Canso Credit 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 Canso Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canso Credit Trust 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 Canso Credit 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 Canso Stock
Canso Credit financial ratios help investors to determine whether Canso 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 Canso with respect to the benefits of owning Canso Credit security.