MDA Ownership
| MDA Stock | CAD 27.00 0.01 0.04% |
Shares in Circulation | First Issued 2020-06-30 | Previous Quarter 128.1 M | Current Value 130.1 M | Avarage Shares Outstanding 114.6 M | Quarterly Volatility 28.1 M |
MDA |
MDA Stock Ownership Analysis
About 39.0% of the company shares are owned by institutional investors. The book value of MDA was now reported as 10.53. The company last dividend was issued on the 14th of September 2017. MacDonald, Dettwiler and Associates Ltd., a communications and information company, offer operational solutions to commercial and government organizations worldwide. To find out more about MDA contact Michael Pmp at 905 790 2800 or learn more at https://mda.space.MDA Outstanding Bonds
MDA 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. MDA 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 MDA bonds can be classified according to their maturity, which is the date when MDA 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.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Pair Trading with MDA
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 MDA 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 MDA will appreciate offsetting losses from the drop in the long position's value.Moving against MDA Stock
| 0.86 | RY-PN | Royal Bank | PairCorr |
| 0.86 | KEC | Kiwetinohk Energy Corp | PairCorr |
| 0.72 | DRT | DIRTT Environmental | PairCorr |
| 0.68 | RY-PM | Royal Bank | PairCorr |
| 0.67 | IGM | IGM Financial | PairCorr |
The ability to find closely correlated positions to MDA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MDA 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 MDA - 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 MDA to buy it.
The correlation of MDA 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 MDA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDA 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 MDA 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 MDA Stock
MDA financial ratios help investors to determine whether MDA 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 MDA with respect to the benefits of owning MDA security.