AKITA Drilling Ownership
| AKT-A Stock | CAD 1.62 0.02 1.22% |
Shares in Circulation | First Issued 1993-03-31 | Previous Quarter 40.1 M | Current Value 39.7 M | Avarage Shares Outstanding 22.4 M | Quarterly Volatility 8.3 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
AKITA |
AKITA Stock Ownership Analysis
About 18.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.41. Some equities with similar Price to Book (P/B) outperform the market in the long run. AKITA Drilling last dividend was issued on the 18th of June 2019. The entity had 2:1 split on the 8th of June 2005. AKITA Drilling Ltd. provides contract drilling services in Canada and the United States. AKITA Drilling Ltd. was founded in 1964 and is headquartered in Calgary, Canada. AKITA DRILLING operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. It employs 1067 people. For more info on AKITA Drilling please contact Colin Dease at 403 292 7979 or go to https://www.akita-drilling.com.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
| 0.89 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.77 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.78 | ENS | E Split Corp | PairCorr |
| 0.73 | ENS-PA | E Split Corp | PairCorr |
Moving against AKITA Stock
| 0.84 | TC | Tucows Inc | PairCorr |
| 0.78 | DII-B | Dorel Industries | PairCorr |
| 0.76 | SLF-PH | Sun Lif Non | PairCorr |
| 0.42 | AIM | Aimia Inc | 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.