Parex Resources Ownership
PXT Stock | CAD 15.24 0.21 1.40% |
Shares in Circulation | First Issued 2009-03-31 | Previous Quarter 103.5 M | Current Value 102.3 M | Avarage Shares Outstanding 121.2 M | Quarterly Volatility 31.7 M |
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.
Parex |
Parex Stock Ownership Analysis
About 56.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.55. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Parex Resources has Price/Earnings To Growth (PEG) ratio of 1.96. The entity last dividend was issued on the 9th of December 2024. The firm had 1:10 split on the 7th of August 2007. Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company was incorporated in 2009 and is headquartered in Calgary, Canada. PAREX RESOURCES operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 371 people. To find out more about Parex Resources contact David Taylor at 403 265 4800 or learn more at https://www.parexresources.com.Parex Resources Outstanding Bonds
Parex Resources 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. Parex Resources 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 Parex bonds can be classified according to their maturity, which is the date when Parex Resources 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 Parex Resources
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 Parex Resources 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 Parex Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Parex Stock
The ability to find closely correlated positions to Parex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parex Resources 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 Parex Resources - 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 Parex Resources to buy it.
The correlation of Parex Resources 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 Parex Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parex Resources 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 Parex Resources 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 Parex Stock
Parex Resources financial ratios help investors to determine whether Parex 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 Parex with respect to the benefits of owning Parex Resources security.