Wheaton Precious Ownership
| WPM Stock | CAD 91.42 4.23 4.85% |
Shares in Circulation | First Issued 1998-09-30 | Previous Quarter 454.1 M | Current Value 454.3 M | Avarage Shares Outstanding 284.2 M | Quarterly Volatility 173.6 M |
Wheaton |
Wheaton Stock Ownership Analysis
About 71.0% of the company outstanding shares are owned by institutional investors. The book value of Wheaton Precious was at this time reported as 16.0. The company last dividend was issued on the 21st of November 2024. Wheaton Precious Metals had 1:5 split on the 21st of December 2004. Wheaton Precious Metals Corp., a mining company, primarily sells precious metals in Canada and internationally. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada. WHEATON PRECIOUS operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs people. For more information please call Randy Smallwood at 604 684 9648 or visit https://www.wheatonpm.com.Wheaton Precious Outstanding Bonds
Wheaton Precious 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. Wheaton Precious Metals 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 Wheaton bonds can be classified according to their maturity, which is the date when Wheaton Precious Metals 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 Wheaton Precious
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 Wheaton Precious 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 Wheaton Precious will appreciate offsetting losses from the drop in the long position's value.Moving together with Wheaton Stock
Moving against Wheaton Stock
| 0.62 | TD-PFD | Toronto Dominion Bank | PairCorr |
| 0.55 | STC | Sangoma Technologies Corp Earnings Call This Week | PairCorr |
| 0.53 | SPRX | Sparx Technology | PairCorr |
| 0.49 | FDR | Flinders Resources | PairCorr |
| 0.47 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Wheaton Precious could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wheaton Precious 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 Wheaton Precious - 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 Wheaton Precious Metals to buy it.
The correlation of Wheaton Precious 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 Wheaton Precious moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wheaton Precious Metals 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 Wheaton Precious 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wheaton Precious Metals. 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 Global Correlations module to find global opportunities by holding instruments from different markets.