Topaz Energy Ownership
| TPZ Stock | CAD 25.05 0.54 2.11% |
Shares in Circulation | First Issued 2019-06-30 | Previous Quarter 145.3 M | Current Value 145.5 M | Avarage Shares Outstanding 123.8 M | Quarterly Volatility 25.3 M |
Topaz |
Topaz Stock Ownership Analysis
About 26.0% of the company outstanding shares are owned by corporate insiders. The book value of Topaz Energy was at this time reported as 7.94. The company last dividend was issued on the 13th of December 2024. Topaz Energy Corp. operates as a royalty and energy infrastructure company. Topaz Energy Corp. was incorporated in 2006 and is headquartered in Calgary, Canada. TOPAZ ENERGY operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. It employs 8 people. To find out more about Topaz Energy Corp contact Marty Staples at 587 747 4830 or learn more at https://topazenergy.ca.Topaz Energy Outstanding Bonds
Topaz 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. Topaz Energy Corp 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 Topaz bonds can be classified according to their maturity, which is the date when Topaz Energy Corp 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.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View |
Pair Trading with Topaz 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 Topaz 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 Topaz Energy will appreciate offsetting losses from the drop in the long position's value.Moving against Topaz Stock
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| 0.37 | ENB-PFC | Enbridge Pref 11 Earnings Call This Week | PairCorr |
| 0.34 | ENB-PFV | Enbridge Pref 5 Earnings Call This Week | PairCorr |
| 0.32 | SPRX | Sparx Technology | PairCorr |
The ability to find closely correlated positions to Topaz 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 Topaz 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 Topaz 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 Topaz Energy Corp to buy it.
The correlation of Topaz 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 Topaz Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Topaz Energy Corp 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 Topaz 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 Topaz Stock
Topaz Energy financial ratios help investors to determine whether Topaz 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 Topaz with respect to the benefits of owning Topaz Energy security.