CCL Industries Ownership
| CCL-A Stock | CAD 71.49 0.21 0.29% |
Shares in Circulation | First Issued 1996-03-31 | Previous Quarter 180.3 M | Current Value 179.2 M | Avarage Shares Outstanding 174.2 M | Quarterly Volatility 9.5 M |
CCL |
CCL Stock Ownership Analysis
About 95.0% of the company shares are held by company insiders. The book value of CCL Industries was currently reported as 29.87. The company last dividend was issued on the 17th of March 2025. CCL Industries had 5:1 split on the 6th of June 2017. CCL Industries Inc. manufactures and sells labels, containers, consumer printable media products, technology driven label solutions, polymer bank note substrates, and specialty films. CCL Industries Inc. was founded in 1951 and is headquartered in Toronto, Canada. CCL INC operates under Packaging Containers classification in Canada and is traded on Toronto Stock Exchange. It employs 21000 people. For more info on CCL Industries please contact Geoffrey Martin at 416 756 8500 or go to https://www.cclind.com.Pair Trading with CCL 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 CCL 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 CCL Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with CCL Stock
Moving against CCL Stock
| 0.82 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
| 0.74 | SBIO | Sabio Holdings | PairCorr |
| 0.67 | SMD | Strategic Metals | PairCorr |
| 0.66 | IVS | Inventus Mining Corp | PairCorr |
| 0.51 | FDR | Flinders Resources | PairCorr |
The ability to find closely correlated positions to CCL 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 CCL 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 CCL 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 CCL Industries to buy it.
The correlation of CCL 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 CCL Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CCL 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 CCL 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.Additional Tools for CCL Stock Analysis
When running CCL Industries' price analysis, check to measure CCL Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CCL Industries is operating at the current time. Most of CCL Industries' value examination focuses on studying past and present price action to predict the probability of CCL Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CCL Industries' price. Additionally, you may evaluate how the addition of CCL Industries to your portfolios can decrease your overall portfolio volatility.