Surge Energy Ownership
| SGY Stock | CAD 5.71 0.15 2.56% |
Shares in Circulation | First Issued 1999-03-31 | Previous Quarter 100.5 M | Current Value 100.6 M | Avarage Shares Outstanding 21.9 M | Quarterly Volatility 28.7 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.
Surge |
Surge Stock Ownership Analysis
The company has price-to-book ratio of 0.81. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Surge Energy last dividend was issued on the 29th of November 2024. The entity had 117:100 split on the 20th of August 2021. Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada. SURGE ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 76 people. To find out more about Surge Energy contact Paul Colborne at 403 930 1010 or learn more at https://www.surgeenergy.ca.Surge Energy Outstanding Bonds
Surge 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. Surge 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 Surge bonds can be classified according to their maturity, which is the date when Surge 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 Surge 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 Surge 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 Surge Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Surge Stock
| 0.58 | FFH | Fairfax Financial | PairCorr |
| 0.54 | ENS | E Split Corp | PairCorr |
| 0.51 | ELF | E L Financial | PairCorr |
| 0.5 | FFH-PC | Fairfax Fin Hld | PairCorr |
| 0.48 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Surge 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 Surge 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 Surge 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 Surge Energy to buy it.
The correlation of Surge 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 Surge Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surge 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 Surge 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 Surge Stock
Surge Energy financial ratios help investors to determine whether Surge 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 Surge with respect to the benefits of owning Surge Energy security.