Canfor Ownership
| CFP Stock | CAD 18.05 0.24 1.31% |
Shares in Circulation | First Issued 1993-03-31 | Previous Quarter 118.6 M | Current Value 118.4 M | Avarage Shares Outstanding 111.8 M | Quarterly Volatility 33.1 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.
Canfor |
Canfor Stock Ownership Analysis
About 54.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.67. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canfor recorded a loss per share of 6.08. The entity last dividend was issued on the 11th of June 2003. The firm had 1:4 split on the 29th of December 2014. Canfor Corporation operates as an integrated forest products company in the United States, Canada, Europe, Asia, and internationally. Canfor Corporation was founded in 1938 and is based in Vancouver, Canada. CANFOR CORP operates under Lumber Wood Production classification in Canada and is traded on Toronto Stock Exchange. It employs 6766 people. For more info on Canfor please contact Donald Kayne at 604 661 5241 or go to https://www.canfor.com.Canfor Outstanding Bonds
Canfor 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. Canfor 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 Canfor bonds can be classified according to their maturity, which is the date when Canfor 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 Canfor
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 Canfor 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 Canfor will appreciate offsetting losses from the drop in the long position's value.Moving together with Canfor Stock
| 0.71 | AG | First Majestic Silver | PairCorr |
| 0.75 | IE | Ivanhoe Energy | PairCorr |
| 0.82 | FDY | Faraday Copper Corp | PairCorr |
Moving against Canfor Stock
The ability to find closely correlated positions to Canfor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canfor 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 Canfor - 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 Canfor to buy it.
The correlation of Canfor 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 Canfor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canfor 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 Canfor 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 Canfor Stock
Canfor financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor security.