IAMGold Ownership
| IMG Stock | CAD 8.67 0.21 2.48% |
Shares in Circulation | First Issued 1996-09-30 | Previous Quarter 530.7 M | Current Value 530.7 M | Avarage Shares Outstanding 301 M | Quarterly Volatility 159.1 M |
IAMGold |
IAMGold Stock Ownership Analysis
About 71.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.01. Some equities with similar Price to Book (P/B) outperform the market in the long run. IAMGold last dividend was issued on the 28th of June 2013. The entity had 3:2 split on the 22nd of February 2006. IAMGOLD Corporation explores for, develops, and operates gold mining properties in North and South America, and West Africa. IAMGOLD Corporation was incorporated in 1990 and is headquartered in Toronto, Canada. IAMGOLD CORP operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 5222 people. To learn more about IAMGold call Renaud PEng at 416 360 4710 or check out https://www.iamgold.com.IAMGold Outstanding Bonds
IAMGold 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. IAMGold 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 IAMGold bonds can be classified according to their maturity, which is the date when IAMGold 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.
Pair Trading with IAMGold
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 IAMGold 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 IAMGold will appreciate offsetting losses from the drop in the long position's value.Moving against IAMGold Stock
| 0.5 | IE | Ivanhoe Energy | PairCorr |
| 0.42 | INFM | Infinico Metals Corp | PairCorr |
| 0.4 | VCM | Vecima Networks | PairCorr |
| 0.35 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to IAMGold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IAMGold 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 IAMGold - 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 IAMGold to buy it.
The correlation of IAMGold 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 IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold 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 IAMGold 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 IAMGold. 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. To learn how to invest in IAMGold Stock, please use our How to Invest in IAMGold guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..