Toromont Industries Ownership
| TIH Stock | CAD 116.74 0.67 0.58% |
Shares in Circulation | First Issued 1993-03-31 | Previous Quarter 83 M | Current Value 82.7 M | Avarage Shares Outstanding 70.6 M | Quarterly Volatility 11.2 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.
Toromont |
Toromont Stock Ownership Analysis
About 51.0% of the company shares are owned by institutional investors. The book value of Toromont Industries was at this time reported as 35.39. The company recorded earning per share (EPS) of 6.09. Toromont Industries last dividend was issued on the 6th of December 2024. The entity had 2:1 split on the 1st of April 2004. Toromont Industries Ltd. provides specialized capital equipment in Canada, the United States, and internationally. Toromont Industries Ltd. was founded in 1961 and is based in Concord, Canada. TOROMONT IND operates under Industrial Distribution classification in Canada and is traded on Toronto Stock Exchange. It employs 6500 people. To find out more about Toromont Industries contact Scott Medhurst at 416 667 5511 or learn more at https://www.toromont.com.Toromont Industries Outstanding Bonds
Toromont Industries 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. Toromont Industries 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 Toromont bonds can be classified according to their maturity, which is the date when Toromont Industries 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 Toromont Industries
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 Toromont Industries 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 Toromont Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Toromont Stock
| 0.62 | JPM | JPMorgan Chase | PairCorr |
| 0.53 | RY-PS | Royal Bank | PairCorr |
| 0.49 | BOFA | Bank of America | PairCorr |
| 0.44 | RY-PO | Royal Bank | PairCorr |
| 0.44 | RY-PM | Royal Bank | PairCorr |
The ability to find closely correlated positions to Toromont Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toromont Industries 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 Toromont Industries - 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 Toromont Industries to buy it.
The correlation of Toromont Industries 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 Toromont Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Toromont Industries 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 Toromont Industries 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 Toromont Stock
Toromont Industries financial ratios help investors to determine whether Toromont 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 Toromont with respect to the benefits of owning Toromont Industries security.