EcoSynthetix Ownership
| ECO Stock | CAD 4.10 0.05 1.23% |
Shares in Circulation | First Issued 2010-06-30 | Previous Quarter 58.7 M | Current Value 58.8 M | Avarage Shares Outstanding 52.6 M | Quarterly Volatility 16.4 M |
EcoSynthetix |
EcoSynthetix Stock Ownership Analysis
About 14.0% of the company shares are held by company insiders. The book value of EcoSynthetix was currently reported as 0.66. The company recorded a loss per share of 0.03. EcoSynthetix had not issued any dividends in recent years. EcoSynthetix Inc., a renewable chemicals company, develops and commercializes bio-based technologies that are used as replacement solutions for synthetic, petrochemical-based adhesives, and other related products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. EcoSynthetix Inc. was founded in 1996 and is headquartered in Burlington, Canada. ECOSYNTHETIX INC operates under Specialty Chemicals classification in Canada and is traded on Toronto Stock Exchange. It employs 30 people. To learn more about EcoSynthetix call Jeffrey MacDonald at 905 335 5669 or check out https://www.ecosynthetix.com.EcoSynthetix Outstanding Bonds
EcoSynthetix 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. EcoSynthetix 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 EcoSynthetix bonds can be classified according to their maturity, which is the date when EcoSynthetix 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.
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Pair Trading with EcoSynthetix
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 EcoSynthetix 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 EcoSynthetix will appreciate offsetting losses from the drop in the long position's value.Moving against EcoSynthetix Stock
The ability to find closely correlated positions to EcoSynthetix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EcoSynthetix 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 EcoSynthetix - 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 EcoSynthetix to buy it.
The correlation of EcoSynthetix 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 EcoSynthetix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EcoSynthetix 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 EcoSynthetix 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 EcoSynthetix Stock
EcoSynthetix financial ratios help investors to determine whether EcoSynthetix 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 EcoSynthetix with respect to the benefits of owning EcoSynthetix security.