GoldMining Ownership
| GOLD Stock | CAD 1.25 0.06 5.04% |
Shares in Circulation | First Issued 2010-06-30 | Previous Quarter 183.6 M | Current Value 186 M | Avarage Shares Outstanding 106.6 M | Quarterly Volatility 49.8 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.
GoldMining |
GoldMining Stock Ownership Analysis
The company has price-to-book (P/B) ratio of 2.0. Some equities with similar Price to Book (P/B) outperform the market in the long run. GoldMining recorded a loss per share of 0.13. The entity had not issued any dividends in recent years. GoldMining Inc., a mineral exploration company, focuses on the acquisition, exploration, and development of projects in Brazil, Colombia, the United States, Canada, Peru, and other regions of the Americas. GoldMining Inc. was incorporated in 2009 and is headquartered in Vancouver, Canada. GOLDMINING INC operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 21 people. To learn more about GoldMining call the company at 604 630 1000 or check out https://www.goldmining.com.GoldMining Outstanding Bonds
GoldMining 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. GoldMining 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 GoldMining bonds can be classified according to their maturity, which is the date when GoldMining 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.
Pair Trading with GoldMining
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 GoldMining 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 GoldMining will appreciate offsetting losses from the drop in the long position's value.Moving against GoldMining Stock
| 0.48 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.42 | JPM | JPMorgan Chase | PairCorr |
| 0.32 | GS | GOLDMAN SACHS CDR | PairCorr |
The ability to find closely correlated positions to GoldMining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GoldMining 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 GoldMining - 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 GoldMining to buy it.
The correlation of GoldMining 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 GoldMining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GoldMining 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 GoldMining 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GoldMining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in GoldMining Stock, please use our How to Invest in GoldMining guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.