Imperial Oil Ownership
| IMO Stock | CAD 96.67 6.82 6.59% |
Shares in Circulation | First Issued 1985-09-30 | Previous Quarter 537 M | Current Value 530.9 M | Avarage Shares Outstanding 1.1 B | Quarterly Volatility 393.9 M |
Imperial |
Imperial Stock Ownership Analysis
About 73.0% of the company shares are held by company insiders. The book value of Imperial Oil was currently reported as 45.16. The company has Price/Earnings To Growth (PEG) ratio of 0.53. Imperial Oil recorded earning per share (EPS) of 9.11. The entity last dividend was issued on the 3rd of December 2024. The firm had 3:1 split on the 17th of May 2006. Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. Imperial Oil Limited is a subsidiary of Exxon Mobil Corporation. IMPERIAL OIL operates under Oil Gas Integrated classification in Canada and is traded on Toronto Stock Exchange. It employs 6000 people. To learn more about Imperial Oil call Bradley Corson at 800 567 3776 or check out https://www.imperialoil.ca.Imperial Oil Outstanding Bonds
Imperial Oil 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. Imperial Oil 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 Imperial bonds can be classified according to their maturity, which is the date when Imperial Oil 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 Imperial Oil
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 Imperial Oil 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 Imperial Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Imperial Stock
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| 0.43 | PPL-PA | Pembina Pipeline Corp | PairCorr |
| 0.38 | SAGE | Sage Potash Corp | PairCorr |
The ability to find closely correlated positions to Imperial Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imperial Oil 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 Imperial Oil - 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 Imperial Oil to buy it.
The correlation of Imperial Oil 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 Imperial Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imperial Oil 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 Imperial Oil 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 Imperial Oil. 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 Imperial Stock, please use our How to Invest in Imperial Oil guide.You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.