Enthusiast Gaming Ownership
| EGLX Stock | CAD 0.13 0.01 7.14% |
Shares in Circulation | First Issued 2018-09-30 | Previous Quarter 155.7 M | Current Value 155.7 M | Avarage Shares Outstanding 103.6 M | Quarterly Volatility 51.9 M |
Enthusiast |
Enthusiast Stock Ownership Analysis
The company has price-to-book (P/B) ratio of 0.11. Some equities with similar Price to Book (P/B) outperform the market in the long run. Enthusiast Gaming recorded a loss per share of 0.59. The entity last dividend was issued on the 9th of September 2019. The firm had 1:8 split on the 9th of September 2019. Enthusiast Gaming Holdings Inc. engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally. The company was incorporated in 2018 and is headquartered in Toronto, Canada. ENTHUSIAST GAMING operates under Internet Content Information classification in Canada and is traded on Toronto Stock Exchange. It employs 220 people. To learn more about Enthusiast Gaming Holdings check out https://www.enthusiastgaming.com.Enthusiast Gaming Outstanding Bonds
Enthusiast Gaming 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. Enthusiast Gaming 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 Enthusiast bonds can be classified according to their maturity, which is the date when Enthusiast Gaming Holdings 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 Enthusiast Gaming
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 Enthusiast Gaming 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 Enthusiast Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Enthusiast Stock
| 0.44 | CAF | Canaf Investments | PairCorr |
| 0.35 | VMY-H | Voice Mobility Inter | PairCorr |
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| 0.33 | MTN-H | Martina Minerals Corp | PairCorr |
| 0.32 | ALS | Altius Minerals | PairCorr |
The ability to find closely correlated positions to Enthusiast Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enthusiast Gaming 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 Enthusiast Gaming - 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 Enthusiast Gaming Holdings to buy it.
The correlation of Enthusiast Gaming 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 Enthusiast Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enthusiast Gaming 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 Enthusiast Gaming 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 Enthusiast Stock
Enthusiast Gaming financial ratios help investors to determine whether Enthusiast 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 Enthusiast with respect to the benefits of owning Enthusiast Gaming security.