Endeavour Silver Ownership
| EDR Stock | CAD 7.39 0.27 3.52% |
Shares in Circulation | First Issued 2000-03-31 | Previous Quarter 242.9 M | Current Value 246 M | Avarage Shares Outstanding 92.9 M | Quarterly Volatility 61.1 M |
Endeavour |
Endeavour Stock Ownership Analysis
About 43.0% of the company shares are held by institutions such as insurance companies. The book value of Endeavour Silver was currently reported as 1.72. The company has Price/Earnings To Growth (PEG) ratio of 0.14. Endeavour Silver Corp recorded a loss per share of 0.34. The entity last dividend was issued on the 31st of August 2009. The firm had 1:4 split on the 27th of August 2002. Endeavour Silver Corp., a mid-tier silver mining company, engages in the acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile. Endeavour Silver Corp. was founded in 1981 and is headquartered in Vancouver, Canada. ENDEAVOUR SILVER operates under Silver classification in Canada and is traded on Toronto Stock Exchange. It employs 12 people. To learn more about Endeavour Silver Corp call BCom BComm at 604 685 9775 or check out https://www.edrsilver.com.Endeavour Silver Outstanding Bonds
Endeavour Silver 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. Endeavour Silver Corp 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 Endeavour bonds can be classified according to their maturity, which is the date when Endeavour Silver Corp 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 Endeavour Silver
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 Endeavour Silver 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 Endeavour Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Endeavour Stock
| 0.97 | AG | First Majestic Silver | PairCorr |
| 0.91 | IE | Ivanhoe Energy | PairCorr |
| 0.72 | FDY | Faraday Copper Corp | PairCorr |
Moving against Endeavour Stock
| 0.72 | FDR | Flinders Resources Earnings Call This Week | PairCorr |
| 0.56 | GOLD | GoldMining | PairCorr |
| 0.43 | INFM | Infinico Metals Corp | PairCorr |
The ability to find closely correlated positions to Endeavour Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Silver 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 Endeavour Silver - 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 Endeavour Silver Corp to buy it.
The correlation of Endeavour Silver 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 Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver Corp 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 Endeavour Silver 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endeavour Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.