Canadian TireLimited Ownership
| CTC-A Stock | CAD 148.53 0.72 0.49% |
Shares in Circulation | First Issued 1996-12-31 | Previous Quarter 55.8 M | Current Value 55.8 M | Avarage Shares Outstanding 75.6 M | Quarterly Volatility 9 M |
Canadian |
Canadian Stock Ownership Analysis
About 34.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.34. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canadian TireLimited has Price/Earnings To Growth (PEG) ratio of 0.32. The entity recorded earning per share (EPS) of 15.98. The firm last dividend was issued on the 30th of April 2025. Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. Canadian Tire Corporation, Limited was founded in 1922 and is headquartered in Toronto, Canada. CANADIAN TIRE operates under Specialty Retail classification in Canada and is traded on Toronto Stock Exchange. It employs 13303 people. For more info on Canadian Tire please contact Gregory Hicks at 416 480 3000 or go to https://corp.canadiantire.ca.Canadian TireLimited Outstanding Bonds
Canadian TireLimited 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. Canadian TireLimited 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 Canadian bonds can be classified according to their maturity, which is the date when Canadian Tire 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 Canadian TireLimited
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 Canadian TireLimited 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 Canadian TireLimited will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.69 | DOL | Dollarama | PairCorr |
| 0.48 | RY-PO | Royal Bank | PairCorr |
| 0.42 | RY-PS | Royal Bank | PairCorr |
| 0.42 | RY-PN | Royal Bank | PairCorr |
| 0.41 | VCU | Vizsla Copper Corp | PairCorr |
The ability to find closely correlated positions to Canadian TireLimited could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian TireLimited 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 Canadian TireLimited - 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 Canadian Tire to buy it.
The correlation of Canadian TireLimited 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 Canadian TireLimited moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian TireLimited 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 Canadian TireLimited 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 Canadian Stock Analysis
When running Canadian TireLimited's price analysis, check to measure Canadian TireLimited's 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 Canadian TireLimited is operating at the current time. Most of Canadian TireLimited's value examination focuses on studying past and present price action to predict the probability of Canadian TireLimited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian TireLimited's price. Additionally, you may evaluate how the addition of Canadian TireLimited to your portfolios can decrease your overall portfolio volatility.