Quarterhill Ownership
| QTRH Stock | CAD 1.50 0.04 2.60% |
Shares in Circulation | First Issued 1998-12-31 | Previous Quarter 115.3 M | Current Value 115.3 M | Avarage Shares Outstanding 88.4 M | Quarterly Volatility 39.1 M |
Quarterhill |
Quarterhill Stock Ownership Analysis
The company has price-to-book ratio of 0.94. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Quarterhill has Price/Earnings To Growth (PEG) ratio of 0.4. The entity recorded a loss per share of 0.3. The firm last dividend was issued on the 30th of March 2023. Quarterhill Inc. operates in the intelligent transportation system and intellectual property licensing industries worldwide. Quarterhill Inc. was incorporated in 1992 and is headquartered in Toronto, Canada. QUARTERHILL INC operates under Communication Equipment classification in Canada and is traded on Toronto Stock Exchange. It employs 562 people. To find out more about Quarterhill contact John Vujicic at 416 247 9652 or learn more at https://www.quarterhill.com.Quarterhill Outstanding Bonds
Quarterhill 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. Quarterhill 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 Quarterhill bonds can be classified according to their maturity, which is the date when Quarterhill 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.
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Pair Trading with Quarterhill
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 Quarterhill 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 Quarterhill will appreciate offsetting losses from the drop in the long position's value.Moving against Quarterhill Stock
| 0.56 | PPL | Pembina Pipeline Corp | PairCorr |
| 0.51 | TGX | True North Gems | PairCorr |
| 0.38 | MFC-PM | Manulife Financial Corp | PairCorr |
The ability to find closely correlated positions to Quarterhill could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Quarterhill 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 Quarterhill - 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 Quarterhill to buy it.
The correlation of Quarterhill 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 Quarterhill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Quarterhill 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 Quarterhill 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 Quarterhill Stock
Quarterhill financial ratios help investors to determine whether Quarterhill 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 Quarterhill with respect to the benefits of owning Quarterhill security.