First National Ownership
| FN Stock | CAD 40.00 0.31 0.78% |
Shares in Circulation | First Issued 2006-06-30 | Previous Quarter 60 M | Current Value 60 M | Avarage Shares Outstanding 50.8 M | Quarterly Volatility 18.9 M |
First |
First Stock Ownership Analysis
About 71.0% of the company shares are held by company insiders. The book value of First National was currently reported as 10.69. The company has Price/Earnings To Growth (PEG) ratio of 0.58. First National Financial last dividend was issued on the 31st of March 2025. First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. The company was founded in 1988 and is headquartered in Toronto, Canada. FIRST NATIONAL operates under Mortgage Finance classification in Canada and is traded on Toronto Stock Exchange. It employs 1131 people. To learn more about First National Financial call Stephen Smith at 416 593 1100 or check out https://www.firstnational.ca.First National Outstanding Bonds
First National 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. First National Financial 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 First bonds can be classified according to their maturity, which is the date when First National Financial 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 First National
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 First National 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 First National will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to First National could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First National 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 First National - 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 First National Financial to buy it.
The correlation of First National 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 First National moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First National Financial 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 First National 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 First Stock
First National financial ratios help investors to determine whether First 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 First with respect to the benefits of owning First National security.