WonderFi Technologies Ownership
| WNDR Stock | 0.29 0.01 3.57% |
Shares in Circulation | First Issued 2015-06-30 | Previous Quarter 664.1 M | Current Value 664.6 M | Avarage Shares Outstanding 187.8 M | Quarterly Volatility 272.8 M |
WonderFi |
WonderFi Stock Ownership Analysis
About 22.0% of the company outstanding shares are owned by insiders. The book value of WonderFi Technologies was at this time reported as 0.11. The company recorded a loss per share of 0.04. WonderFi Technologies had not issued any dividends in recent years. For more information please call the company at 680 254 2291 or visit https://www.wonder.fi.Pair Trading with WonderFi Technologies
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 WonderFi Technologies 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 WonderFi Technologies will appreciate offsetting losses from the drop in the long position's value.Moving together with WonderFi Stock
Moving against WonderFi Stock
| 0.91 | RY-PN | Royal Bank | PairCorr |
| 0.8 | RY-PM | Royal Bank | PairCorr |
| 0.7 | TD | Toronto Dominion Bank | PairCorr |
| 0.63 | BOFA | Bank of America | PairCorr |
| 0.59 | RY | Royal Bank | PairCorr |
The ability to find closely correlated positions to WonderFi Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WonderFi Technologies 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 WonderFi Technologies - 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 WonderFi Technologies to buy it.
The correlation of WonderFi Technologies 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 WonderFi Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WonderFi Technologies 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 WonderFi Technologies 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 WonderFi Stock
WonderFi Technologies financial ratios help investors to determine whether WonderFi 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 WonderFi with respect to the benefits of owning WonderFi Technologies security.