Wesdome Gold Ownership
| WDO Stock | CAD 15.82 0.02 0.13% |
Shares in Circulation | First Issued 1993-12-31 | Previous Quarter 150.7 M | Current Value 150.9 M | Avarage Shares Outstanding 82.4 M | Quarterly Volatility 50.1 M |
Wesdome |
Wesdome Stock Ownership Analysis
About 46.0% of the company outstanding shares are owned by institutional investors. The book value of Wesdome Gold was at this time reported as 3.81. The company last dividend was issued on the 13th of April 2011. Wesdome Gold Mines had 1:1.538 split on the 6th of February 2006. Wesdome Gold Mines Ltd. engages in the exploration, extraction, processing, and reclamation of gold in Canada. Wesdome Gold Mines Ltd. was founded in 1976 and is headquartered in Toronto, Canada. WESDOME GOLD operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 301 people. For more information please call Duncan Middlemiss at 416 360 3743 or visit https://www.wesdome.com.Wesdome Gold Outstanding Bonds
Wesdome Gold 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. Wesdome Gold 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 Wesdome bonds can be classified according to their maturity, which is the date when Wesdome Gold 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 Wesdome Gold
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 Wesdome Gold 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 Wesdome Gold will appreciate offsetting losses from the drop in the long position's value.Moving together with Wesdome Stock
| 0.63 | AG | First Majestic Silver | PairCorr |
| 0.88 | ORE | Orezone Gold Corp Earnings Call This Week | PairCorr |
| 0.61 | FDY | Faraday Copper Corp | PairCorr |
Moving against Wesdome Stock
| 0.76 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.73 | AAPL | Apple Inc CDR | PairCorr |
| 0.72 | NVDA | NVIDIA CDR | PairCorr |
| 0.71 | IE | Ivanhoe Energy | PairCorr |
| 0.57 | GOOG | Alphabet CDR | PairCorr |
The ability to find closely correlated positions to Wesdome Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wesdome Gold 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 Wesdome Gold - 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 Wesdome Gold Mines to buy it.
The correlation of Wesdome Gold 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 Wesdome Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wesdome Gold 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 Wesdome Gold 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 Wesdome Stock
Wesdome Gold financial ratios help investors to determine whether Wesdome 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 Wesdome with respect to the benefits of owning Wesdome Gold security.