NanoXplore Ownership
| GRA Stock | 2.45 0.01 0.41% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 169.4 M | Current Value 170.2 M | Avarage Shares Outstanding 41.4 M | Quarterly Volatility 56.8 M |
NanoXplore |
NanoXplore Stock Ownership Analysis
About 30.0% of the company shares are held by company insiders. The book value of NanoXplore was currently reported as 0.62. The company recorded a loss per share of 0.07. NanoXplore last dividend was issued on the 8th of September 2017. To learn more about NanoXplore call the company at 514 935 1377 or check out https://nanoxplore.ca.NanoXplore Outstanding Bonds
NanoXplore 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. NanoXplore 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 NanoXplore bonds can be classified according to their maturity, which is the date when NanoXplore 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 NanoXplore
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 NanoXplore 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 NanoXplore will appreciate offsetting losses from the drop in the long position's value.Moving together with NanoXplore Stock
Moving against NanoXplore Stock
| 0.67 | ONEX | Onex Corp | PairCorr |
| 0.54 | L | Loblaw Companies | PairCorr |
| 0.46 | X | TMX Group Limited | PairCorr |
| 0.46 | WN | George Weston Limited | PairCorr |
The ability to find closely correlated positions to NanoXplore could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NanoXplore 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 NanoXplore - 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 NanoXplore to buy it.
The correlation of NanoXplore 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 NanoXplore moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NanoXplore 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 NanoXplore 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 NanoXplore Stock
NanoXplore financial ratios help investors to determine whether NanoXplore 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 NanoXplore with respect to the benefits of owning NanoXplore security.