CareRx Corp Ownership
| CRRX Stock | CAD 1.89 0.01 0.53% |
Shares in Circulation | First Issued 2002-06-30 | Previous Quarter 59.9 M | Current Value 60.1 M | Avarage Shares Outstanding 14.2 M | Quarterly Volatility 16.7 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.
CareRx |
CareRx Stock Ownership Analysis
About 50.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.5. Some equities with similar Price to Book (P/B) outperform the market in the long run. CareRx Corp recorded a loss per share of 0.1. The entity last dividend was issued on the 25th of June 2020. The firm had 1:20 split on the 25th of June 2020. CareRx Corporation, together with its subsidiaries, provides specialty pharmacy services to seniors in Canada. CareRx Corporation was incorporated in 2001 and is headquartered in Toronto, Canada. CARERX CORPORATION operates under Medical Care Facilities classification in Canada and is traded on Toronto Stock Exchange. It employs 1378 people. For more info on CareRx Corp please contact David Murphy at 416 927 8400 or go to https://www.carerx.ca.CareRx Corp Outstanding Bonds
CareRx Corp 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. CareRx Corp 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 CareRx bonds can be classified according to their maturity, which is the date when CareRx Corp 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 CareRx Corp
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 CareRx Corp 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 CareRx Corp will appreciate offsetting losses from the drop in the long position's value.Moving against CareRx Stock
The ability to find closely correlated positions to CareRx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareRx Corp 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 CareRx Corp - 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 CareRx Corp to buy it.
The correlation of CareRx Corp 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 CareRx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareRx Corp 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 CareRx Corp 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 CareRx Stock
CareRx Corp financial ratios help investors to determine whether CareRx 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 CareRx with respect to the benefits of owning CareRx Corp security.