Discovery Silver Ownership
| DSV Stock | 2.06 0.04 1.98% |
Shares in Circulation | First Issued 1997-09-30 | Previous Quarter 396 M | Current Value 397.6 M | Avarage Shares Outstanding 78.7 M | Quarterly Volatility 135.7 M |
Discovery |
Discovery Stock Ownership Analysis
About 23.0% of the company shares are held by company insiders. The company recorded a loss per share of 0.04. Discovery Silver Corp had not issued any dividends in recent years. The entity had 2:1 split on the 13th of June 2018. To learn more about Discovery Silver Corp call the company at 416 613 9410 or check out https://discoverysilver.com.Pair Trading with Discovery Silver
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 Discovery Silver 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 Discovery Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Discovery Stock
Moving against Discovery Stock
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| 0.7 | INFM | Infinico Metals Corp | PairCorr |
| 0.69 | RCI-A | Rogers Communications | PairCorr |
The ability to find closely correlated positions to Discovery Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Discovery Silver 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 Discovery Silver - 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 Discovery Silver Corp to buy it.
The correlation of Discovery Silver 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 Discovery Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Discovery Silver Corp 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 Discovery Silver 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 Discovery Stock
Discovery Silver financial ratios help investors to determine whether Discovery 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 Discovery with respect to the benefits of owning Discovery Silver security.