International Tower Ownership
| ITH Stock | CAD 1.01 0.04 4.12% |
Shares in Circulation | First Issued 2002-06-30 | Previous Quarter 199.7 M | Current Value 199.7 M | Avarage Shares Outstanding 119.5 M | Quarterly Volatility 70.6 M |
International |
International Stock Ownership Analysis
About 72.0% of the company shares are owned by institutional investors. The book value of International Tower was currently reported as 0.29. The company recorded a loss per share of 0.03. International Tower Hill had not issued any dividends in recent years. International Tower Hill Mines Ltd., a mineral exploration company, acquires and explores for mineral properties Canada and the United States. International Tower Hill Mines Ltd. was founded in 1978 and is headquartered in Vancouver, Canada. INTERNATIONAL TOWER operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 3 people. To learn more about International Tower Hill call Karl Hanneman at (604) 683-6332 or check out https://www.ithmines.com.International Tower Outstanding Bonds
International Tower 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. International Tower Hill 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 International bonds can be classified according to their maturity, which is the date when International Tower Hill 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.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 4875 Corp BondUS55336VAJ98 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Pair Trading with International Tower
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 International Tower 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 International Tower will appreciate offsetting losses from the drop in the long position's value.Moving together with International Stock
| 0.83 | AG | First Majestic Silver | PairCorr |
| 0.66 | ORE | Orezone Gold Corp | PairCorr |
| 0.84 | FDY | Faraday Copper Corp | PairCorr |
Moving against International Stock
| 0.78 | AAPL | Apple Inc CDR | PairCorr |
| 0.7 | AMZN | Amazon CDR | PairCorr |
| 0.68 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.67 | GOOG | Alphabet CDR | PairCorr |
| 0.51 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to International Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Tower 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 International Tower - 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 International Tower Hill to buy it.
The correlation of International Tower 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 International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill 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 International Tower 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 International Tower Hill. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.