Yangarra Resources Ownership
| YGR Stock | CAD 1.01 0.01 0.98% |
Shares in Circulation | First Issued 2000-03-31 | Previous Quarter 105.3 M | Current Value 105.1 M | Avarage Shares Outstanding 43 M | Quarterly Volatility 38.8 M |
Yangarra |
Yangarra Stock Ownership Analysis
The company has Price to Book (P/B) ratio of 0.18. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Yangarra Resources last dividend was issued on the 1st of December 1999. The entity had 1:3 split on the 30th of May 2014. Yangarra Resources Ltd., a junior oil and gas company, explores for, develops, and produces resource properties in Western Canada. The company holds oil and gas interests in various sections, primarily focusing on Cardium in Central Alberta. YANGARRA RESOURCES operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. For more information please call James Evaskevich at 403 262 9558 or visit https://www.yangarra.ca.Yangarra Resources Outstanding Bonds
Yangarra Resources 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. Yangarra Resources 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 Yangarra bonds can be classified according to their maturity, which is the date when Yangarra Resources 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 Yangarra Resources
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 Yangarra Resources 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 Yangarra Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Yangarra Stock
Moving against Yangarra Stock
The ability to find closely correlated positions to Yangarra Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yangarra Resources 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 Yangarra Resources - 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 Yangarra Resources to buy it.
The correlation of Yangarra Resources 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 Yangarra Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Yangarra Resources 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 Yangarra Resources 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 Yangarra Stock
Yangarra Resources financial ratios help investors to determine whether Yangarra 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 Yangarra with respect to the benefits of owning Yangarra Resources security.