Orbit Garant Ownership
| OGD Stock | CAD 1.19 0.04 3.48% |
Shares in Circulation | First Issued 2007-09-30 | Previous Quarter 37.4 M | Current Value 37.5 M | Avarage Shares Outstanding 35.2 M | Quarterly Volatility 2.8 M |
Orbit |
Orbit Stock Ownership Analysis
About 22.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.69. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Orbit Garant Drilling had not issued any dividends in recent years. Orbit Garant Drilling Inc. provides mineral drilling services in Canada, the United States, South America, and West Africa. Orbit Garant Drilling Inc. was founded in 1965 and is headquartered in Val-dOr, Canada. ORBIT GARANT operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. It employs 1116 people. To find out more about Orbit Garant Drilling contact Eric Alexandre at 866 824 2707 or learn more at https://www.orbitgarant.com.Orbit Garant Outstanding Bonds
Orbit Garant 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. Orbit Garant Drilling 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 Orbit bonds can be classified according to their maturity, which is the date when Orbit Garant Drilling 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 | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Pair Trading with Orbit Garant
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 Orbit Garant 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 Orbit Garant will appreciate offsetting losses from the drop in the long position's value.Moving together with Orbit Stock
| 0.91 | ORE | Orezone Gold Corp Earnings Call Today | PairCorr |
Moving against Orbit Stock
| 0.73 | IE | Ivanhoe Energy | PairCorr |
| 0.72 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.59 | GOOG | Alphabet CDR | PairCorr |
| 0.49 | NVDA | NVIDIA CDR | PairCorr |
| 0.42 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Orbit Garant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit Garant 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 Orbit Garant - 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 Orbit Garant Drilling to buy it.
The correlation of Orbit Garant 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 Orbit Garant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbit Garant Drilling 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 Orbit Garant 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 Orbit Stock
Orbit Garant financial ratios help investors to determine whether Orbit 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 Orbit with respect to the benefits of owning Orbit Garant security.