Ensign Energy Ownership
| ESI Stock | CAD 3.12 0.04 1.27% |
Shares in Circulation | First Issued 1993-03-31 | Previous Quarter 183.8 M | Current Value 183.9 M | Avarage Shares Outstanding 150.8 M | Quarterly Volatility 15.8 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.
Ensign |
Ensign Stock Ownership Analysis
About 45.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 0.44. Some equities with similar Price to Book (P/B) outperform the market in the long run. Ensign Energy Services last dividend was issued on the 19th of March 2020. The entity had 2:1 split on the 29th of May 2006. Ensign Energy Services Inc., together with its subsidiaries, provides oilfield services to the oil and natural gas industry in Canada, the United States, and internationally. Ensign Energy Services Inc. was founded in 1987 and is headquartered in Calgary, Canada. ENSIGN ENERGY operates under Oil Gas Drilling classification in Canada and is traded on Toronto Stock Exchange. It employs 5155 people. To learn more about Ensign Energy Services call the company at 403 262 1361 or check out https://www.ensignenergy.com.Ensign Energy Outstanding Bonds
Ensign Energy 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. Ensign Energy Services 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 Ensign bonds can be classified according to their maturity, which is the date when Ensign Energy Services 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 Ensign 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 Ensign 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 Ensign Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Ensign Stock
Moving against Ensign Stock
| 0.85 | SLF-PH | Sun Lif Non | PairCorr |
| 0.82 | TC | Tucows Inc | PairCorr |
| 0.8 | DII-B | Dorel Industries | PairCorr |
| 0.33 | AIM | Aimia Inc | PairCorr |
The ability to find closely correlated positions to Ensign 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 Ensign 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 Ensign 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 Ensign Energy Services to buy it.
The correlation of Ensign 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 Ensign Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ensign 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 Ensign 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 Ensign Stock
Ensign Energy financial ratios help investors to determine whether Ensign 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 Ensign with respect to the benefits of owning Ensign Energy security.