Pason Systems Ownership
| PSI Stock | CAD 11.96 0.29 2.37% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 80.4 M | Current Value 79.7 M | Avarage Shares Outstanding 79.1 M | Quarterly Volatility 6.1 M |
Pason |
Pason Stock Ownership Analysis
About 47.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.86. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Pason Systems last dividend was issued on the 16th of June 2025. The entity had 2:1 split on the 26th of May 2006. Pason Systems Inc. provides instrumentation and data management systems for drilling rigs. Pason Systems Inc. was founded in 1978 and is headquartered in Calgary, Canada. PASON SYSTEMS operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. To find out more about Pason Systems contact CFA CPA at 403-301-3400 or learn more at https://www.pason.com.Pason Systems Outstanding Bonds
Pason Systems 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. Pason Systems 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 Pason bonds can be classified according to their maturity, which is the date when Pason Systems 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.
Pair Trading with Pason Systems
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 Pason Systems 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 Pason Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Pason Stock
| 0.85 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.86 | ENB-PFC | Enbridge Pref 11 | PairCorr |
| 0.85 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.63 | ENS | E Split Corp | PairCorr |
Moving against Pason Stock
The ability to find closely correlated positions to Pason Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pason Systems 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 Pason Systems - 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 Pason Systems to buy it.
The correlation of Pason Systems 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 Pason Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pason Systems 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 Pason Systems 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 Pason Stock
Pason Systems financial ratios help investors to determine whether Pason 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 Pason with respect to the benefits of owning Pason Systems security.