Erdene Resource Ownership
| ERD Stock | CAD 0.65 0.03 4.41% |
Shares in Circulation | First Issued 2004-03-31 | Previous Quarter 346.7 M | Current Value 348.6 M | Avarage Shares Outstanding 127.2 M | Quarterly Volatility 109.3 M |
Erdene |
Erdene Stock Ownership Analysis
About 22.0% of the company shares are held by company insiders. The book value of Erdene Resource was currently reported as 0.16. The company recorded a loss per share of 0.03. Erdene Resource Deve had not issued any dividends in recent years. The entity had 1:2 split on the 9th of November 2012. Erdene Resource Development Corporation focuses in the acquisition, exploration, and development of precious and base mineral deposits in Mongolia. Erdene Resource Development Corporation was incorporated in 2000 and is headquartered in Dartmouth, Canada. ERDENE RESOURCE operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. To learn more about Erdene Resource Development call Peter BSc at 902 423 6419 or check out https://www.erdene.com.Erdene Resource Outstanding Bonds
Erdene Resource 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. Erdene Resource Deve 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 Erdene bonds can be classified according to their maturity, which is the date when Erdene Resource Development 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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| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Pair Trading with Erdene Resource
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 Erdene Resource 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 Erdene Resource will appreciate offsetting losses from the drop in the long position's value.Moving together with Erdene Stock
Moving against Erdene Stock
| 0.43 | RY | Royal Bank Earnings Call Today | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | PairCorr |
| 0.36 | IE | Ivanhoe Energy | PairCorr |
The ability to find closely correlated positions to Erdene Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erdene Resource 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 Erdene Resource - 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 Erdene Resource Development to buy it.
The correlation of Erdene Resource 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 Erdene Resource moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erdene Resource Deve 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 Erdene Resource 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 Erdene Stock
Erdene Resource financial ratios help investors to determine whether Erdene 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 Erdene with respect to the benefits of owning Erdene Resource security.