Star Diamond Ownership
| DIAM Stock | CAD 0.03 0.01 25.00% |
Shares in Circulation | First Issued 2002-03-31 | Previous Quarter 620.9 M | Current Value 710 M | Avarage Shares Outstanding 282 M | Quarterly Volatility 163.8 M |
Star |
Star Stock Ownership Analysis
About 49.0% of the company shares are held by company insiders. The book value of Star Diamond was currently reported as 0.01. The company recorded a loss per share of 0.01. Star Diamond Corp had not issued any dividends in recent years. Star Diamond Corporation, a natural resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. Star Diamond Corporation was incorporated in 1985 and is headquartered in Saskatoon, Canada. STAR DIAMOND operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 5 people. To learn more about Star Diamond Corp call Kenneth MacNeill at 306-664-2202 or check out https://stardiamondcorp.com.Star Diamond Outstanding Bonds
Star Diamond 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. Star Diamond Corp 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 Star bonds can be classified according to their maturity, which is the date when Star Diamond Corp 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 Star Diamond
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 Star Diamond 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 Star Diamond will appreciate offsetting losses from the drop in the long position's value.Moving against Star Stock
| 0.41 | FDY | Faraday Copper Corp | PairCorr |
| 0.4 | GOOG | Alphabet CDR | PairCorr |
| 0.4 | GOOG | Alphabet CDR | PairCorr |
| 0.38 | AAPL | Apple Inc CDR | PairCorr |
| 0.38 | AAPL | Apple CDR | PairCorr |
The ability to find closely correlated positions to Star Diamond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star Diamond 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 Star Diamond - 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 Star Diamond Corp to buy it.
The correlation of Star Diamond 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 Star Diamond moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Diamond 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 Star Diamond 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 Star Stock
Star Diamond financial ratios help investors to determine whether Star 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 Star with respect to the benefits of owning Star Diamond security.