Hammond Manufacturing Ownership

HMM-A Stock  CAD 8.51  0.02  0.23%   
The market capitalization of Hammond Manufacturing is C$109.38 Million. Hammond Manufacturing secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
 
Shares in Circulation  
First Issued
1997-03-31
Previous Quarter
11.3 M
Current Value
11.3 M
Avarage Shares Outstanding
11.4 M
Quarterly Volatility
343.6 K
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Hammond Manufacturing's Dividend Payout Ratio is comparatively stable compared to the past year. Dividend Paid And Capex Coverage Ratio is likely to gain to 2.78 in 2025, despite the fact that Dividends Paid is likely to grow to (646 K). Common Stock Shares Outstanding is likely to drop to about 9 M in 2025. Net Income Applicable To Common Shares is likely to drop to about 7.4 M in 2025.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hammond Manufacturing. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Hammond Stock Ownership Analysis

About 20.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.81. Some equities with similar Price to Book (P/B) outperform the market in the long run. Hammond Manufacturing last dividend was issued on the 12th of August 2024. Hammond Manufacturing Company Limited, together with its subsidiaries, designs, manufactures, and sells electrical and electronic components in Canada, the United States, the United Kingdom, and Australia. Hammond Manufacturing Company Limited was founded in 1917 and is headquartered in Guelph, Canada. HAMMOND MANUFACTURING operates under Electronic Components classification in Canada and is traded on Toronto Stock Exchange. It employs 785 people. To learn more about Hammond Manufacturing call Robert Hammond at 519 822 2960 or check out https://www.hammfg.com.

Pair Trading with Hammond Manufacturing

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 Hammond Manufacturing 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 Hammond Manufacturing will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hammond Stock

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Moving against Hammond Stock

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The ability to find closely correlated positions to Hammond Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Manufacturing 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 Hammond Manufacturing - 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 Hammond Manufacturing to buy it.
The correlation of Hammond Manufacturing 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 Hammond Manufacturing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Manufacturing 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 Hammond Manufacturing 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.
Pair CorrelationCorrelation Matching

Additional Tools for Hammond Stock Analysis

When running Hammond Manufacturing's price analysis, check to measure Hammond Manufacturing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hammond Manufacturing is operating at the current time. Most of Hammond Manufacturing's value examination focuses on studying past and present price action to predict the probability of Hammond Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Manufacturing's price. Additionally, you may evaluate how the addition of Hammond Manufacturing to your portfolios can decrease your overall portfolio volatility.