Mandalay Resources Ownership
| MND Stock | CAD 5.37 0.10 1.83% |
Shares in Circulation | First Issued 2000-03-31 | Previous Quarter 96.3 M | Current Value 95.9 M | Avarage Shares Outstanding 34.7 M | Quarterly Volatility 35.9 M |
Mandalay |
Mandalay Stock Ownership Analysis
About 74.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.54. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Mandalay Resources Corp last dividend was issued on the 17th of May 2017. The entity had 1:10 split on the 2nd of July 2019. Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of mineral properties. Mandalay Resources Corporation was incorporated in 1997 and is headquartered in Toronto, Canada. MANDALAY RESOURCES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. To find out more about Mandalay Resources Corp contact Dominic Duffy at 647 258 9722 or learn more at https://mandalayresources.com.Mandalay Resources Outstanding Bonds
Mandalay Resources 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. Mandalay Resources Corp 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 Mandalay bonds can be classified according to their maturity, which is the date when Mandalay Resources Corp 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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| Valero Energy Partners Corp BondUS91914JAA07 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Pair Trading with Mandalay Resources
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 Mandalay Resources 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 Mandalay Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Mandalay Stock
Moving against Mandalay Stock
| 0.71 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.66 | IE | Ivanhoe Energy | PairCorr |
| 0.62 | AAPL | Apple Inc CDR | PairCorr |
| 0.61 | GOOG | Alphabet CDR | PairCorr |
| 0.5 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Mandalay Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mandalay Resources 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 Mandalay Resources - 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 Mandalay Resources Corp to buy it.
The correlation of Mandalay Resources 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 Mandalay Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mandalay Resources Corp 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 Mandalay Resources 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 Mandalay Stock
Mandalay Resources financial ratios help investors to determine whether Mandalay 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 Mandalay with respect to the benefits of owning Mandalay Resources security.