Gfl Environmental Ownership
| GFL Stock | CAD 63.63 0.64 1.02% |
Shares in Circulation | First Issued 2018-03-31 | Previous Quarter 373 M | Current Value 376.6 M | Avarage Shares Outstanding 537.8 M | Quarterly Volatility 681.3 M |
Gfl |
Gfl Stock Ownership Analysis
About 80.0% of the company shares are owned by institutional investors. The book value of Gfl Environmental was currently reported as 17.74. The company recorded a loss per share of 2.13. Gfl Environmental last dividend was issued on the 13th of January 2025. GFL Environmental Inc. operates as a diversified environmental services company in Canada and the United States. The company was incorporated in 2007 and is headquartered in Vaughan, Canada. GFL ENVIRONMENTAL operates under Waste Management classification in Canada and is traded on Toronto Stock Exchange. It employs 19000 people. To learn more about Gfl Environmental Holdings call the company at 905 326 0101 or check out https://gflenv.com.Gfl Environmental Outstanding Bonds
Gfl Environmental 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. Gfl Environmental 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 Gfl bonds can be classified according to their maturity, which is the date when Gfl Environmental Holdings 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 Gfl Environmental
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 Gfl Environmental 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 Gfl Environmental will appreciate offsetting losses from the drop in the long position's value.Moving against Gfl Stock
The ability to find closely correlated positions to Gfl Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfl Environmental 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 Gfl Environmental - 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 Gfl Environmental Holdings to buy it.
The correlation of Gfl Environmental 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 Gfl Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfl Environmental 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 Gfl Environmental 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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfl Environmental Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.