Tree Island Ownership
| TSL Stock | CAD 2.55 0.03 1.16% |
Shares in Circulation | First Issued 2003-03-31 | Previous Quarter 26.7 M | Current Value 26.1 M | Avarage Shares Outstanding 20.6 M | Quarterly Volatility 9.3 M |
Tree |
Tree Stock Ownership Analysis
About 63.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 0.57. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Tree Island Steel has Price/Earnings (P/E) ratio of 167.69. The entity recorded a loss per share of 0.15. The firm last dividend was issued on the 31st of March 2025. Tree Island had 1:2 split on the 16th of May 2014. Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. Tree Island Steel Ltd. was founded in 1964 and is headquartered in Richmond, Canada. TREE ISLAND operates under Steel classification in Canada and is traded on Toronto Stock Exchange. It employs 383 people. To find out more about Tree Island Steel contact the company at 800 663 0955 or learn more at https://www.treeisland.com.Tree Island Outstanding Bonds
Tree Island 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. Tree Island Steel 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 Tree bonds can be classified according to their maturity, which is the date when Tree Island Steel 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 Tree Island
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 Tree Island 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 Tree Island will appreciate offsetting losses from the drop in the long position's value.Moving against Tree Stock
| 0.74 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.72 | FDY | Faraday Copper Corp | PairCorr |
| 0.65 | VZ | Verizon Communications | PairCorr |
| 0.58 | AG | First Majestic Silver | PairCorr |
| 0.58 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Tree Island could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tree Island 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 Tree Island - 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 Tree Island Steel to buy it.
The correlation of Tree Island 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 Tree Island moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tree Island Steel 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 Tree Island 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 Tree Stock
Tree Island financial ratios help investors to determine whether Tree 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 Tree with respect to the benefits of owning Tree Island security.