Canagold Resources Ownership
| CCM Stock | CAD 0.38 0.01 2.70% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 173.9 M | Current Value 174.5 M | Avarage Shares Outstanding 62.1 M | Quarterly Volatility 72 M |
Canagold |
Canagold Stock Ownership Analysis
About 41.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.53. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canagold Resources recorded a loss per share of 0.03. The entity last dividend was issued on the 2nd of July 2008. The firm had 1:5 split on the 8th of December 2020. Canarc Resource Corp. engages in the acquisition, exploration, and development of precious metal properties in the United States and Canada. Canarc Resource Corp. was founded in 1987 and is headquartered in Vancouver, Canada. CANARC RES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 3 people. For more info on Canagold Resources please contact the company at 604 685 9700 or go to https://www.canagoldresources.com.Canagold Resources Outstanding Bonds
Canagold Resources 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. Canagold Resources 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 Canagold bonds can be classified according to their maturity, which is the date when Canagold Resources 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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| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Pair Trading with Canagold Resources
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 Canagold Resources 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 Canagold Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Canagold Stock
| 0.84 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
Moving against Canagold Stock
| 0.78 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.68 | IE | Ivanhoe Energy | PairCorr |
| 0.67 | GOOG | Alphabet CDR | PairCorr |
| 0.55 | AMZN | Amazon CDR | PairCorr |
| 0.55 | NVDA | NVIDIA CDR | PairCorr |
The ability to find closely correlated positions to Canagold Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canagold Resources 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 Canagold Resources - 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 Canagold Resources to buy it.
The correlation of Canagold Resources 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 Canagold Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canagold Resources 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 Canagold Resources 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 Canagold Stock
Canagold Resources financial ratios help investors to determine whether Canagold 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 Canagold with respect to the benefits of owning Canagold Resources security.