Canadian Utilities Ownership
| CU Stock | CAD 34.89 0.18 0.52% |
Shares in Circulation | First Issued 1993-03-31 | Previous Quarter 271.4 M | Current Value 271.6 M | Avarage Shares Outstanding 258.8 M | Quarterly Volatility 11.3 M |
Canadian |
Canadian Stock Ownership Analysis
About 38.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.78. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canadian Utilities last dividend was issued on the 6th of February 2025. The entity had 2:1 split on the 17th of June 2013. Canadian Utilities Limited and its subsidiaries engage in the electricity, natural gas, and retail energy businesses worldwide. The company was incorporated in 1927 and is headquartered in Calgary, Canada. CANADIAN UTILITIES operates under UtilitiesDiversified classification in Canada and is traded on Toronto Stock Exchange. It employs 4796 people. For more info on Canadian Utilities Limited please contact Siegfried Kiefer at 403 292 7500 or go to https://www.canadianutilities.com.Canadian Utilities Outstanding Bonds
Canadian Utilities 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 Utilities 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 Utilities Limited 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 Utilities
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 Utilities 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 Utilities will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
| 0.75 | GOOG | Alphabet CDR | PairCorr |
| 0.75 | SOU | Southern Energy Corp | PairCorr |
| 0.33 | LOU | Lucero Energy Corp | PairCorr |
The ability to find closely correlated positions to Canadian Utilities 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 Utilities 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 Utilities - 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 Utilities Limited to buy it.
The correlation of Canadian Utilities 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 Utilities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Utilities 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 Utilities 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 Canadian Stock
Canadian Utilities financial ratios help investors to determine whether Canadian 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 Canadian with respect to the benefits of owning Canadian Utilities security.