Automotive Properties Ownership
| APR-UN Stock | CAD 10.53 0.11 1.03% |
Shares in Circulation | First Issued 2014-03-31 | Previous Quarter 50.3 M | Current Value 49.1 M | Avarage Shares Outstanding 29.6 M | Quarterly Volatility 15.3 M |
Automotive |
Automotive Stock Ownership Analysis
About 33.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.79. Some equities with similar Price to Book (P/B) outperform the market in the long run. Automotive Properties last dividend was issued on the 31st of October 2024. The entity had 959:1000 split on the 31st of December 2024. Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive dealership real estate properties. AUTOMOTIVE PROPERTIES operates under REIT - Diversified classification in Canada and is traded on Toronto Stock Exchange. For more info on Automotive Properties Real please contact Milton Lamb at 647 789 2440 or go to https://www.automotivepropertiesreit.ca.Automotive Properties Outstanding Bonds
Automotive Properties issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Automotive Properties uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Automotive bonds can be classified according to their maturity, which is the date when Automotive Properties Real has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
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Pair Trading with Automotive Properties
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 Automotive Properties 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 Automotive Properties will appreciate offsetting losses from the drop in the long position's value.Moving against Automotive Stock
| 0.94 | FFH-PK | Fairfax Financial | PairCorr |
| 0.94 | PBY-UN | Canso Credit Trust | PairCorr |
| 0.93 | RY-PJ | Royal Bank | PairCorr |
| 0.92 | NA-PW | National Bank | PairCorr |
| 0.9 | WELL | WELL Health Technologies | PairCorr |
The ability to find closely correlated positions to Automotive Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Automotive Properties 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 Automotive Properties - 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 Automotive Properties Real to buy it.
The correlation of Automotive Properties 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 Automotive Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Automotive Properties 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 Automotive Properties 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 Automotive Stock
Automotive Properties financial ratios help investors to determine whether Automotive 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 Automotive with respect to the benefits of owning Automotive Properties security.