Calfrac Well Ownership
| CFW Stock | CAD 3.85 0.13 3.49% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 86.1 M | Current Value 86.1 M | Avarage Shares Outstanding 13.8 M | Quarterly Volatility 29.5 M |
Calfrac |
Calfrac Stock Ownership Analysis
About 47.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.51. Some equities with similar Price to Book (P/B) outperform the market in the long run. Calfrac Well Services has Price/Earnings To Growth (PEG) ratio of 0.5. The entity last dividend was issued on the 29th of December 2015. The firm had 1:50 split on the 29th of December 2020. Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, Russia, and Argentina. Calfrac Well Services Ltd. was founded in 1999 and is headquartered in Calgary, Canada. CALFRAC WELL operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 3300 people. For more info on Calfrac Well Services please contact J Aguilar at 866-770-3722 or go to https://calfrac.com.Calfrac Well Outstanding Bonds
Calfrac Well 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. Calfrac Well Services 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 Calfrac bonds can be classified according to their maturity, which is the date when Calfrac Well Services 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 Calfrac Well
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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.Moving against Calfrac Stock
| 0.57 | SAGE | Sage Potash Corp | PairCorr |
| 0.54 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.45 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.44 | ENB-PFV | Enbridge Pref 5 | PairCorr |
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well Services 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 Calfrac Well 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 Calfrac Stock
Calfrac Well financial ratios help investors to determine whether Calfrac 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 Calfrac with respect to the benefits of owning Calfrac Well security.