Generation Mining Ownership
| GENM Stock | CAD 0.16 0.02 14.29% |
Shares in Circulation | First Issued 2016-12-31 | Previous Quarter 236.1 M | Current Value 236.1 M | Avarage Shares Outstanding 131.9 M | Quarterly Volatility 62.8 M |
Generation |
Generation Stock Ownership Analysis
About 20.0% of the company shares are held by company insiders. The company recorded a loss per share of 0.1. Generation Mining had not issued any dividends in recent years. Generation Mining Limited, a mineral exploration and development stage company, focuses on base and precious metal deposits in Canada. The company was incorporated in 2018 and is based in Toronto, Canada. GENERATION MINING operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. To learn more about Generation Mining call Economics BA at 416-640-0280 or check out https://www.genmining.com.Generation Mining Outstanding Bonds
Generation Mining 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. Generation 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 Generation bonds can be classified according to their maturity, which is the date when Generation 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.
| International Game Technology Corp BondUS460599AD57 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Pair Trading with Generation Mining
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 Generation Mining 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 Generation Mining will appreciate offsetting losses from the drop in the long position's value.Moving together with Generation Stock
| 0.78 | AG | First Majestic Silver | PairCorr |
| 0.74 | IE | Ivanhoe Energy | PairCorr |
| 0.76 | ORE | Orezone Gold Corp | PairCorr |
| 0.68 | FDY | Faraday Copper Corp | PairCorr |
Moving against Generation Stock
| 0.63 | RBA | Ritchie Bros Auctioneers | PairCorr |
| 0.5 | DAY | Dayforce | PairCorr |
| 0.49 | BBUC | Brookfield Business Corp | PairCorr |
| 0.45 | FDR | Flinders Resources | PairCorr |
The ability to find closely correlated positions to Generation Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Generation Mining 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 Generation Mining - 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 Generation Mining to buy it.
The correlation of Generation Mining 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 Generation Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Generation 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 Generation Mining 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 Generation Stock
Generation Mining financial ratios help investors to determine whether Generation 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 Generation with respect to the benefits of owning Generation Mining security.