Tecogen Ownership
| TGEN Stock | USD 8.50 0.15 1.80% |
Tecogen |
Tecogen OTC Stock Ownership Analysis
About 45.0% of the company outstanding shares are owned by corporate insiders. The company has price-to-book ratio of 1.57. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Tecogen had not issued any dividends in recent years. Tecogen Inc. designs, manufactures, markets, and maintains industrial and commercial cogeneration systems for residential, commercial, recreational, and industrial use in the United States and internationally. The company was incorporated in 2000 and is headquartered in Waltham, Massachusetts. Tecogen operates under Electrical Equipment Parts classification in the United States and is traded on OTC Exchange. It employs 77 people.The quote for Tecogen is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. To find out more about Tecogen contact Benjamin Locke at 781 466 6400 or learn more at https://www.tecogen.com.Tecogen Outstanding Bonds
Tecogen 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. Tecogen 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 Tecogen bonds can be classified according to their maturity, which is the date when Tecogen 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.
| TCKBCN 39 15 JUL 30 Corp BondUS878742BG94 | View | |
| Teck Resources 6125 Corp BondUS878742AE55 | View | |
| Teck Resources 6 Corp BondUS878742AS42 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Pair Trading with Tecogen
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 Tecogen 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 Tecogen will appreciate offsetting losses from the drop in the long position's value.Moving together with Tecogen OTC Stock
| 0.84 | BE | Bloom Energy Corp Earnings Call This Week | PairCorr |
| 0.82 | ELVA | Electrovaya Common Shares | PairCorr |
| 0.78 | ENVX | Enovix Corp Earnings Call This Week | PairCorr |
Moving against Tecogen OTC Stock
| 0.74 | ADSEW | ADS TEC ENERGY | PairCorr |
| 0.53 | GWH | ESS Tech | PairCorr |
| 0.49 | SDSTW | Stardust Power | PairCorr |
| 0.42 | LNKS | Linkers Industries | PairCorr |
| 0.35 | ADN | Advent Technologies | PairCorr |
The ability to find closely correlated positions to Tecogen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tecogen 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 Tecogen - 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 Tecogen to buy it.
The correlation of Tecogen 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 Tecogen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tecogen 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 Tecogen 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 Tecogen OTC Stock
Tecogen financial ratios help investors to determine whether Tecogen OTC 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 Tecogen with respect to the benefits of owning Tecogen security.