Taseko Mines Ownership
| TKO Stock | CAD 3.50 0.08 2.34% |
Shares in Circulation | First Issued 1989-12-31 | Previous Quarter 291.8 M | Current Value 295.1 M | Avarage Shares Outstanding 129.6 M | Quarterly Volatility 103.7 M |
Taseko |
Taseko Stock Ownership Analysis
About 28.0% of the company shares are owned by institutional investors. The book value of Taseko Mines was at this time reported as 1.65. The company has Price/Earnings To Growth (PEG) ratio of 0.32. Taseko Mines recorded a loss per share of 0.05. The entity last dividend was issued on the 18th of August 1999. Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. Taseko Mines Limited was founded in 1966 and is headquartered in Vancouver, Canada. TASEKO MINES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 703 people. To find out more about Taseko Mines contact the company at 778 373 4533 or learn more at https://www.tasekomines.com.Taseko Mines Outstanding Bonds
Taseko Mines 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. Taseko Mines 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 Taseko bonds can be classified according to their maturity, which is the date when Taseko Mines 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 Taseko Mines
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 Taseko Mines 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 Taseko Mines will appreciate offsetting losses from the drop in the long position's value.Moving together with Taseko Stock
Moving against Taseko Stock
The ability to find closely correlated positions to Taseko Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taseko Mines 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 Taseko Mines - 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 Taseko Mines to buy it.
The correlation of Taseko Mines 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 Taseko Mines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taseko Mines 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 Taseko Mines 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 Taseko Mines. 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 Taseko Stock, please use our How to Invest in Taseko Mines guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.