Journey Energy Ownership
| JOY Stock | CAD 2.14 0.04 1.83% |
Shares in Circulation | First Issued 2013-03-31 | Previous Quarter 61.4 M | Current Value 66.7 M | Avarage Shares Outstanding 48.2 M | Quarterly Volatility 9.1 M |
Journey |
Journey Stock Ownership Analysis
About 19.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.45. Some equities with similar Price to Book (P/B) outperform the market in the long run. Journey Energy last dividend was issued on the 28th of September 2015. The entity had 3:2 split on the 13th of December 2005. Journey Energy Inc. engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada. Journey Energy Inc. was founded in 2007 and is headquartered in Calgary, Canada. JOURNEY ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 53 people. To learn more about Journey Energy call Alexander Verge at 403 294 1635 or check out https://www.journeyenergy.ca.Journey Energy Outstanding Bonds
Journey Energy 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. Journey Energy 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 Journey bonds can be classified according to their maturity, which is the date when Journey Energy 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 Journey Energy
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 Journey Energy 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 Journey Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Journey Stock
The ability to find closely correlated positions to Journey Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Journey Energy 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 Journey Energy - 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 Journey Energy to buy it.
The correlation of Journey Energy 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 Journey Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Journey Energy 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 Journey Energy 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 Journey Stock
Journey Energy financial ratios help investors to determine whether Journey 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 Journey with respect to the benefits of owning Journey Energy security.