AFP Provida Ownership
| PROVIDA Stock | CLP 4,112 79.00 1.96% |
AFP |
AFP Stock Ownership Analysis
About 96.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.35. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. AFP Provida recorded earning per share (EPS) of 374.94. The entity last dividend was issued on the 27th of September 2022. The firm had 99931:6662 split on the 25th of August 1999. Administradora de Fondos de Pensiones Provida SA operates as an investment arm of MetLife, Inc. The company was incorporated in 1981 and is headquartered in Santiago, Chile. AFP PROVIDA is traded on Commodity Exchange in Exotistan. To find out more about AFP Provida go to https://www.provida.cl.AFP Provida Outstanding Bonds
AFP Provida 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. AFP Provida 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 AFP bonds can be classified according to their maturity, which is the date when AFP Provida 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 AFP Provida
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 AFP Provida 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 AFP Provida will appreciate offsetting losses from the drop in the long position's value.Moving together with AFP Stock
The ability to find closely correlated positions to AFP Provida could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AFP Provida 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 AFP Provida - 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 AFP Provida to buy it.
The correlation of AFP Provida 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 AFP Provida moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AFP Provida 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 AFP Provida 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 AFP Stock
AFP Provida financial ratios help investors to determine whether AFP 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 AFP with respect to the benefits of owning AFP Provida security.