TeraGo Ownership
| TGO Stock | CAD 1.16 0.09 7.20% |
Shares in Circulation | First Issued 2005-03-31 | Previous Quarter 19.9 M | Current Value 19.9 M | Avarage Shares Outstanding 15.9 M | Quarterly Volatility 7.2 M |
TeraGo |
TeraGo Stock Ownership Analysis
About 25.0% of the company shares are owned by institutional investors. The book value of TeraGo was at this time reported as 0.39. The company recorded a loss per share of 0.69. TeraGo Inc had not issued any dividends in recent years. The entity had 2:1 split on the 11th of June 1998. TeraGo Inc., together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud services for businesses primarily in Canada. TeraGo Inc. was incorporated in 2000 and is headquartered in Thornhill, Canada. TERAGO INC operates under Telecom Services classification in Canada and is traded on Toronto Stock Exchange. It employs 148 people. To find out more about TeraGo Inc contact Daniel Vucinic at 866 837 2461 or learn more at https://terago.ca.TeraGo Outstanding Bonds
TeraGo 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. TeraGo 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 TeraGo bonds can be classified according to their maturity, which is the date when TeraGo 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.
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Pair Trading with TeraGo
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 TeraGo 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 TeraGo will appreciate offsetting losses from the drop in the long position's value.Moving against TeraGo Stock
| 0.43 | SEVN-P | Seven Oaks Capital | PairCorr |
| 0.37 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.34 | MFC-PN | Manulife Financial Corp | PairCorr |
The ability to find closely correlated positions to TeraGo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TeraGo 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 TeraGo - 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 TeraGo Inc to buy it.
The correlation of TeraGo 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 TeraGo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TeraGo 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 TeraGo 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 TeraGo Stock
TeraGo financial ratios help investors to determine whether TeraGo 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 TeraGo with respect to the benefits of owning TeraGo security.