STEP Energy Ownership
| STEP Stock | CAD 4.53 0.05 1.09% |
STEP |
STEP Stock Ownership Analysis
About 76.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.83. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. STEP Energy Services recorded a loss per share of 0.21. The entity had not issued any dividends in recent years. STEP Energy Services Ltd., an oilfield service company, provides integrated coiled tubing and fracturing solutions to service oil and natural gas wells in Canada and the United States. STEP Energy Services Ltd. was founded in 2011 and is headquartered in Calgary, Canada. STEP ENERGY operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 1628 people. To find out more about STEP Energy Services contact Stephen Glanville at 403 457 1772 or learn more at https://www.stepenergyservices.com.Pair Trading with STEP Energy
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 STEP Energy 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 STEP Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with STEP Stock
| 0.74 | ENB-PFC | Enbridge Pref 11 Earnings Call Next Week | PairCorr |
| 0.73 | ENB-PFU | Enbridge Pref L Earnings Call Next Week | PairCorr |
Moving against STEP Stock
| 0.67 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.67 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.62 | ENS-PA | E Split Corp | PairCorr |
| 0.45 | SAGE | Sage Potash Corp | PairCorr |
| 0.35 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to STEP Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STEP Energy 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 STEP Energy - 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 STEP Energy Services to buy it.
The correlation of STEP Energy 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 STEP Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STEP Energy Services 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 STEP Energy 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 STEP Stock
STEP Energy financial ratios help investors to determine whether STEP 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 STEP with respect to the benefits of owning STEP Energy security.