Magellan Aerospace Ownership
| MAL Stock | CAD 12.24 0.06 0.49% |
Shares in Circulation | First Issued 1992-12-31 | Previous Quarter 57.2 M | Current Value 57.1 M | Avarage Shares Outstanding 34.5 M | Quarterly Volatility 23.6 M |
Magellan |
Magellan Stock Ownership Analysis
About 79.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.8. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Magellan Aerospace has Price/Earnings To Growth (PEG) ratio of 0.98. The entity last dividend was issued on the 19th of March 2025. The firm had 1:5 split on the 26th of May 2008. Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, and manufactures aero engine, and aero structure assemblies and components for aerospace markets in Canada, the United States, Europe, and Asia. Magellan Aerospace Corporation was founded in 1994 and is headquartered in Mississauga, Canada. MAGELLAN AERO operates under Aerospace Defense classification in Canada and is traded on Toronto Stock Exchange. It employs 4200 people. To find out more about Magellan Aerospace contact Phillip Underwood at 905 677 1889 or learn more at https://www.magellan.aero.Magellan Aerospace Outstanding Bonds
Magellan Aerospace 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. Magellan Aerospace 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 Magellan bonds can be classified according to their maturity, which is the date when Magellan Aerospace 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 Magellan Aerospace
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 Magellan Aerospace 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 Magellan Aerospace will appreciate offsetting losses from the drop in the long position's value.Moving against Magellan Stock
| 0.46 | AMZN | Amazon CDR | PairCorr |
| 0.43 | META | Meta Platforms CDR | PairCorr |
| 0.4 | GOOG | Alphabet CDR | PairCorr |
| 0.38 | JPM | JPMorgan Chase | PairCorr |
| 0.38 | PGDC | Patagonia Gold Corp | PairCorr |
The ability to find closely correlated positions to Magellan Aerospace could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Magellan Aerospace 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 Magellan Aerospace - 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 Magellan Aerospace to buy it.
The correlation of Magellan Aerospace 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 Magellan Aerospace moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Magellan Aerospace 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 Magellan Aerospace 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 Magellan Stock
Magellan Aerospace financial ratios help investors to determine whether Magellan 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 Magellan with respect to the benefits of owning Magellan Aerospace security.