Calfrac Well Ownership
| CFW Stock | CAD 4.15 0.09 2.12% |
Shares in Circulation | First Issued 1997-03-31 | Previous Quarter 84.4 M | Current Value 90 M | Avarage Shares Outstanding 9.7 M | Quarterly Volatility 24.5 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Calfrac |
Calfrac Stock Ownership Analysis
About 47.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.63. Some equities with similar Price to Book (P/B) outperform the market in the long run. Calfrac Well Services has Price/Earnings To Growth (PEG) ratio of 0.5. The entity last dividend was issued on the 29th of December 2015. The firm had 1:50 split on the 29th of December 2020. Calfrac Well Services Ltd., together with its subsidiaries, provides specialized oilfield services in Canada, the United States, Russia, and Argentina. Calfrac Well Services Ltd. was founded in 1999 and is headquartered in Calgary, Canada. CALFRAC WELL operates under Oil Gas Equipment Services classification in Canada and is traded on Toronto Stock Exchange. It employs 3300 people. For more info on Calfrac Well Services please contact Fernando Aguilar at 866-770-3722 or go to https://calfrac.com.Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Calfrac Well in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Calfrac Well's short interest history, or implied volatility extrapolated from Calfrac Well options trading.
Pair Trading with Calfrac Well
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 Calfrac Well 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 Calfrac Well will appreciate offsetting losses from the drop in the long position's value.Moving against Calfrac Stock
| 0.8 | JPM | JPMorgan Chase | PairCorr |
| 0.8 | L | Loblaw Companies | PairCorr |
| 0.68 | DIS | Walt Disney | PairCorr |
| 0.66 | ENB-PFC | Enbridge Pref 11 Earnings Call This Week | PairCorr |
| 0.62 | AMZN | Amazon CDR | PairCorr |
The ability to find closely correlated positions to Calfrac Well could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calfrac Well 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 Calfrac Well - 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 Calfrac Well Services to buy it.
The correlation of Calfrac Well 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 Calfrac Well moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calfrac Well 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 Calfrac Well 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Calfrac Well Services. Also, note that the market value of any company could be tightly coupled 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.
Complementary Tools for Calfrac Stock analysis
When running Calfrac Well's price analysis, check to measure Calfrac Well's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Calfrac Well is operating at the current time. Most of Calfrac Well's value examination focuses on studying past and present price action to predict the probability of Calfrac Well's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calfrac Well's price. Additionally, you may evaluate how the addition of Calfrac Well to your portfolios can decrease your overall portfolio volatility.
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