Helios Fairfax Ownership
| HFPC-U Stock | USD 2.40 0.01 0.42% |
Helios |
Helios Stock Ownership Analysis
About 61.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.57. Some equities with similar Price to Book (P/B) outperform the market in the long run. Helios Fairfax Partners recorded a loss per share of 0.91. The entity had not issued any dividends in recent years. Helios Fairfax Partners Corporation, an investment holding company, engages in the investment activities in Africa. Helios Fairfax Partners Corporation was incorporated in 2016 and is headquartered in Toronto, Canada. HELIOS FAIRFAX operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange. It employs 10 people. To learn more about Helios Fairfax Partners call MBA BEng at 647 846 1881 or check out https://www.heliosinvestment.com/helios-fairfax-pa.Pair Trading with Helios Fairfax
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 Helios Fairfax 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 Helios Fairfax will appreciate offsetting losses from the drop in the long position's value.Moving against Helios Stock
| 0.84 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.83 | STC | Sangoma Technologies Corp Earnings Call This Week | PairCorr |
| 0.78 | RY-PM | Royal Bank | PairCorr |
| 0.75 | TD-PFD | Toronto Dominion Bank | PairCorr |
| 0.67 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to Helios Fairfax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helios Fairfax 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 Helios Fairfax - 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 Helios Fairfax Partners to buy it.
The correlation of Helios Fairfax 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 Helios Fairfax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helios Fairfax Partners 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 Helios Fairfax 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 Helios Stock
Helios Fairfax financial ratios help investors to determine whether Helios 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 Helios with respect to the benefits of owning Helios Fairfax security.