Trican Well Ownership
| TCW Stock | CAD 4.50 0.09 1.96% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 207.2 M | Current Value 200.1 M | Avarage Shares Outstanding 159.5 M | Quarterly Volatility 72.2 M |
Trican |
Trican Stock Ownership Analysis
About 30.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.77. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Trican Well Service has Price/Earnings To Growth (PEG) ratio of 0.87. The entity last dividend was issued on the 14th of March 2025. The firm had 2:1 split on the 23rd of May 2006. Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells primarily in Canada. Trican Well Service Ltd. was founded in 1979 and is headquartered in Calgary, Canada. TRICAN WELL operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 1447 people. To find out more about Trican Well Service contact Dale Dusterhoft at 403 266 0202 or learn more at https://tricanwellservice.com.Trican Well Outstanding Bonds
Trican Well 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. Trican Well Service 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 Trican bonds can be classified according to their maturity, which is the date when Trican Well Service 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 Trican Well
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 Trican Well 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 Trican Well will appreciate offsetting losses from the drop in the long position's value.Moving against Trican Stock
The ability to find closely correlated positions to Trican Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trican Well 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 Trican Well - 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 Trican Well Service to buy it.
The correlation of Trican Well 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 Trican Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trican Well Service 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 Trican Well 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 Trican Stock
Trican Well financial ratios help investors to determine whether Trican 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 Trican with respect to the benefits of owning Trican Well security.