Noranda Aluminum Ownership
Roughly 94.08 % of Noranda Aluminum outstanding shares are held by general public with 5.92 % by institutional investors. Some institutional investors establish a significant position in pink sheets such as Noranda Aluminum in order to find ways to drive up its value. Retail investors, on the other hand, need to know that institutional holders can own millions of shares of Noranda Aluminum, and when they decide to sell, the pink sheet will often sell-off, which may instantly impact shareholders' value. So, traders who get in early or near the beginning of the institutional investor's buying cycle could potentially generate profits.
Check out Correlation Analysis to better understand how to build diversified portfolios. 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.
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Noranda |
Noranda Pink Sheet Ownership Analysis
The company recorded a loss per share of 26.09. Noranda Aluminum Holding last dividend was issued on the 14th of May 2015. The entity had 1:7 split on the 26th of August 2015. Noranda Aluminum Holding Corporation produces and sells primary aluminum, alumina, bauxite, and rolled aluminum coils in the United States. The company was founded in 2007 and is headquartered in Franklin, Tennessee. NORANDA ALUM operates under Aluminum classification in the United States and is traded on PNK Exchange. It employs 2200 people.The quote for Noranda Aluminum Holding is published daily by the National Quotation Bureau and the company does not need to meet minimum requirements or file with the SEC. To find out more about Noranda Aluminum Holding contact Layle Smith at 615-771-5700 or learn more at http://www.norandaaluminum.com.Noranda Aluminum Outstanding Bonds
Noranda Aluminum 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. Noranda Aluminum Holding 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 Noranda bonds can be classified according to their maturity, which is the date when Noranda Aluminum Holding 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 Noranda Aluminum
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 Noranda Aluminum 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 Noranda Aluminum will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Noranda Aluminum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Noranda Aluminum 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 Noranda Aluminum - 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 Noranda Aluminum Holding to buy it.
The correlation of Noranda Aluminum 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 Noranda Aluminum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Noranda Aluminum Holding 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 Noranda Aluminum 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 Correlation Analysis to better understand how to build diversified portfolios. 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. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Other Consideration for investing in Noranda Pink Sheet
If you are still planning to invest in Noranda Aluminum Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Noranda Aluminum's history and understand the potential risks before investing.
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