Dynacor Gold Ownership
| DNG Stock | CAD 6.13 0.02 0.33% |
Shares in Circulation | First Issued 2007-06-30 | Previous Quarter 37.2 M | Current Value 27.1 M | Avarage Shares Outstanding 37.2 M | Quarterly Volatility 4.3 M |
Dynacor |
Dynacor Stock Ownership Analysis
About 19.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.57. Some equities with similar Price to Book (P/B) outperform the market in the long run. Dynacor Gold Mines last dividend was issued on the 8th of November 2024. Dynacor Gold Mines Inc., an ore processing and exploration company, produces gold and silver in Peru. Dynacor Gold Mines Inc. was incorporated in 2006 and is headquartered in Montreal, Canada. DYNACOR GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 350 people. To learn more about Dynacor Gold Mines call Jean Martineau at 514 393 9000 or check out https://www.dynacor.com.Dynacor Gold Outstanding Bonds
Dynacor Gold 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. Dynacor Gold Mines 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 Dynacor bonds can be classified according to their maturity, which is the date when Dynacor Gold Mines 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 Dynacor Gold
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 Dynacor Gold 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 Dynacor Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Dynacor Stock
| 0.67 | FDY | Faraday Copper Corp | PairCorr |
| 0.62 | IE | Ivanhoe Energy | PairCorr |
| 0.5 | LCX | Lycos Energy | PairCorr |
| 0.47 | SCD | Scandium Canada | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Dynacor Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynacor Gold 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 Dynacor Gold - 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 Dynacor Gold Mines to buy it.
The correlation of Dynacor Gold 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 Dynacor Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dynacor Gold Mines 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 Dynacor Gold 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 Dynacor Stock
Dynacor Gold financial ratios help investors to determine whether Dynacor 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 Dynacor with respect to the benefits of owning Dynacor Gold security.