Skeena Resources Ownership
| SKE Stock | CAD 14.27 0.29 2.07% |
Shares in Circulation | First Issued 2002-03-31 | Previous Quarter 90.3 M | Current Value 91.8 M | Avarage Shares Outstanding 17 M | Quarterly Volatility 27.1 M |
Skeena |
Skeena Stock Ownership Analysis
About 78.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 1.9. Skeena Resources last dividend was issued on the 20th of October 2017. The entity had 1:4 split on the 10th of June 2021. Skeena Resources Limited explores and develops mineral properties in Canada. Skeena Resources Limited was incorporated in 1979 and is headquartered in Vancouver, Canada. SKEENA RESOURCES operates under Other Industrial Metals Mining classification in Canada and is traded on Toronto Stock Exchange. To find out more about Skeena Resources contact PEng MSc at 604 684 8725 or learn more at https://www.skeenaresources.com.Skeena Resources Outstanding Bonds
Skeena 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. Skeena Resources 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 Skeena bonds can be classified according to their maturity, which is the date when Skeena Resources 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 | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Pair Trading with Skeena 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 Skeena 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 Skeena Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Skeena Stock
Moving against Skeena Stock
| 0.72 | IE | Ivanhoe Energy | PairCorr |
| 0.59 | INFM | Infinico Metals Corp | PairCorr |
| 0.43 | RY | Royal Bank | PairCorr |
| 0.4 | FDY | Faraday Copper Corp | PairCorr |
The ability to find closely correlated positions to Skeena 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 Skeena 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 Skeena 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 Skeena Resources to buy it.
The correlation of Skeena 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 Skeena Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Skeena Resources 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 Skeena 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Skeena Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Skeena Stock, please use our How to Invest in Skeena Resources guide.You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.