Touchstone Exploration Ownership
| TXP Stock | CAD 0.41 0.04 8.89% |
Shares in Circulation | First Issued 1995-03-31 | Previous Quarter 236.4 M | Current Value 236.4 M | Avarage Shares Outstanding 75.3 M | Quarterly Volatility 71.2 M |
Touchstone |
Touchstone Stock Ownership Analysis
About 13.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.97. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Touchstone Exploration recorded a loss per share of 0.08. The entity last dividend was issued on the 6th of August 1999. The firm had 1:2 split on the 20th of May 2014. Touchstone Exploration Inc., together with its subsidiaries, engages in the acquisition, exploration, development, and production of crude oil and natural gas properties in the Republic of Trinidad and Tobago. Touchstone Exploration Inc. is headquartered in Calgary, Canada. TOUCHSTONE EXPLORATION operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. It employs 91 people. To find out more about Touchstone Exploration contact Paul Baay at (403) 750-4400 or learn more at https://www.touchstoneexploration.com.Touchstone Exploration Outstanding Bonds
Touchstone Exploration 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. Touchstone Exploration 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 Touchstone bonds can be classified according to their maturity, which is the date when Touchstone Exploration 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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| MGM Resorts International Corp BondUS552953CD18 | View |
Pair Trading with Touchstone Exploration
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 Touchstone Exploration 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 Touchstone Exploration will appreciate offsetting losses from the drop in the long position's value.Moving together with Touchstone Stock
Moving against Touchstone Stock
| 0.69 | APM | Andean Precious Metals | PairCorr |
| 0.58 | DOL | Dollarama | PairCorr |
| 0.54 | T | Telus Corp | PairCorr |
| 0.45 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.41 | BTO | B2Gold Corp | PairCorr |
The ability to find closely correlated positions to Touchstone Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Touchstone Exploration 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 Touchstone Exploration - 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 Touchstone Exploration to buy it.
The correlation of Touchstone Exploration 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 Touchstone Exploration moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Touchstone Exploration 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 Touchstone Exploration 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 Touchstone Stock
Touchstone Exploration financial ratios help investors to determine whether Touchstone 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 Touchstone with respect to the benefits of owning Touchstone Exploration security.