Mullen Ownership
| MTL Stock | CAD 13.01 0.14 1.09% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 97.1 M | Current Value 97 M | Avarage Shares Outstanding 77.2 M | Quarterly Volatility 24.6 M |
Mullen |
Mullen Stock Ownership Analysis
About 25.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.11. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Mullen Group has Price/Earnings To Growth (PEG) ratio of 1.64. The entity last dividend was issued on the 28th of February 2025. The firm had 3:1 split on the 7th of July 2005. Mullen Group Ltd. provides trucking and logistics services in Canada and the United States. Mullen Group Ltd. was founded in 1949 and is headquartered in Okotoks, Canada. MULLEN GROUP operates under Trucking classification in Canada and is traded on Toronto Stock Exchange. It employs 6124 people. To find out more about Mullen Group contact Murray Mullen at 403-995-5200 or learn more at https://www.mullen-group.com.Mullen Outstanding Bonds
Mullen 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. Mullen Group 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 Mullen bonds can be classified according to their maturity, which is the date when Mullen Group 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 Mullen
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 Mullen 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 Mullen will appreciate offsetting losses from the drop in the long position's value.Moving together with Mullen Stock
Moving against Mullen Stock
| 0.9 | EDT | Spectral Med Earnings Call This Week | PairCorr |
| 0.86 | ERD | Erdene Resource Deve | PairCorr |
| 0.85 | III | Imperial Metals | PairCorr |
| 0.85 | AGI | Alamos Gold | PairCorr |
| 0.84 | EPL | Eagle Plains Resources | PairCorr |
The ability to find closely correlated positions to Mullen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen 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 Mullen - 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 Mullen Group to buy it.
The correlation of Mullen 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 Mullen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Group 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 Mullen 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 Mullen Stock
Mullen financial ratios help investors to determine whether Mullen 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 Mullen with respect to the benefits of owning Mullen security.