TECSYS Ownership
| TCS Stock | CAD 45.47 1.04 2.34% |
Shares in Circulation | First Issued 1997-09-30 | Previous Quarter 14.8 M | Current Value 14.9 M | Avarage Shares Outstanding 12.7 M | Quarterly Volatility 2.3 M |
TECSYS |
TECSYS Stock Ownership Analysis
About 17.0% of the company outstanding shares are owned by corporate insiders. The company has Price/Earnings (P/E) ratio of 190.27. TECSYS Inc last dividend was issued on the 18th of December 2024. The entity had 1:15 split on the 4th of September 2024. Tecsys Inc. engages in the development, marketing, and sale of supply chain management software for distribution, warehousing, transportation logistics, point-of-use, and order management in Canada, the United States, and internationally. Tecsys Inc. was founded in 1983 and is headquartered in Montreal, Canada. TECSYS INC operates under Software - Application classification in Canada and is traded on Toronto Stock Exchange. It employs 480 people. To find out more about TECSYS Inc contact Peter Brereton at 514 866 0001 or learn more at https://www.tecsys.com.TECSYS Outstanding Bonds
TECSYS 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. TECSYS Inc 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 TECSYS bonds can be classified according to their maturity, which is the date when TECSYS Inc 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 TECSYS
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 TECSYS 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 TECSYS will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to TECSYS could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TECSYS 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 TECSYS - 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 TECSYS Inc to buy it.
The correlation of TECSYS 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 TECSYS moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TECSYS Inc 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 TECSYS 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 TECSYS Stock
TECSYS financial ratios help investors to determine whether TECSYS 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 TECSYS with respect to the benefits of owning TECSYS security.