Canfor Pulp Ownership
| CFX Stock | CAD 0.67 0.01 1.47% |
Shares in Circulation | First Issued 2006-03-31 | Previous Quarter 65.2 M | Current Value 65.2 M | Avarage Shares Outstanding 58.1 M | Quarterly Volatility 15.1 M |
Canfor |
Canfor Stock Ownership Analysis
About 55.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.24. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canfor Pulp Products has Price/Earnings (P/E) ratio of 171.02. The entity recorded a loss per share of 2.36. The firm last dividend was issued on the 3rd of March 2020. Canfor Pulp had 1:3 split on the 5th of April 2022. Canfor Pulp Products Inc., together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. Canfor Pulp Products Inc. is a subsidiary of Canadian Forest Products Ltd. CANFOR PULP operates under Paper Paper Products classification in Canada and is traded on Toronto Stock Exchange. It employs 1292 people. For more info on Canfor Pulp Products please contact MBA CMA at 604 661 5241 or go to https://www.canfor.com.Canfor Pulp Outstanding Bonds
Canfor Pulp 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. Canfor Pulp Products 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 Canfor bonds can be classified according to their maturity, which is the date when Canfor Pulp Products 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.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Pair Trading with Canfor Pulp
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 Canfor Pulp 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 Canfor Pulp will appreciate offsetting losses from the drop in the long position's value.Moving against Canfor Stock
| 0.41 | AG | First Majestic Silver | PairCorr |
| 0.39 | FDY | Faraday Copper Corp | PairCorr |
| 0.39 | RCI-A | Rogers Communications Earnings Call Today | PairCorr |
| 0.38 | IE | Ivanhoe Energy | PairCorr |
| 0.38 | AUAU | Allegiant Gold Split | PairCorr |
The ability to find closely correlated positions to Canfor Pulp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canfor Pulp 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 Canfor Pulp - 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 Canfor Pulp Products to buy it.
The correlation of Canfor Pulp 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 Canfor Pulp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canfor Pulp Products 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 Canfor Pulp 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 Canfor Stock
Canfor Pulp financial ratios help investors to determine whether Canfor 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 Canfor with respect to the benefits of owning Canfor Pulp security.