Silver Elephant Ownership
| ELEF Stock | CAD 0.16 0.01 5.88% |
Shares in Circulation | First Issued 1997-12-31 | Previous Quarter 32.8 M | Current Value 32.8 M | Avarage Shares Outstanding 22.9 M | Quarterly Volatility 45 M |
Silver |
Silver Stock Ownership Analysis
About 23.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.22. Some equities with similar Price to Book (P/B) outperform the market in the long run. Silver Elephant Mining recorded a loss per share of 0.27. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 18th of January 2022. Silver Elephant Mining Corp., a mineral exploration stage company, engages in the acquisition, exploration, and development of mineral and energy projects. Silver Elephant Mining Corp. is headquartered in Vancouver, Canada. SILVER ELEPHANT operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 15 people. To learn more about Silver Elephant Mining call BCom BEdpg at 604-569-3661 or check out https://silverelef.com.Silver Elephant Outstanding Bonds
Silver Elephant 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. Silver Elephant Mining 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 Silver bonds can be classified according to their maturity, which is the date when Silver Elephant Mining 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 Silver Elephant
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 Silver Elephant 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 Silver Elephant will appreciate offsetting losses from the drop in the long position's value.Moving together with Silver Stock
| 0.79 | AG | First Majestic Silver | PairCorr |
| 0.88 | IE | Ivanhoe Energy | PairCorr |
| 0.8 | FDY | Faraday Copper Corp | PairCorr |
Moving against Silver Stock
| 0.89 | FDR | Flinders Resources | PairCorr |
| 0.81 | GOOG | Alphabet CDR Earnings Call This Week | PairCorr |
| 0.8 | TSLA | Tesla Inc CDR Earnings Call This Week | PairCorr |
| 0.65 | PYPL | PayPal Holdings CDR | PairCorr |
| 0.64 | BA | BOEING CDR Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Silver Elephant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silver Elephant 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 Silver Elephant - 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 Silver Elephant Mining to buy it.
The correlation of Silver Elephant 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 Silver Elephant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silver Elephant Mining 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 Silver Elephant 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 Silver Stock
Silver Elephant financial ratios help investors to determine whether Silver 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 Silver with respect to the benefits of owning Silver Elephant security.