Wajax Ownership
| WJX Stock | CAD 22.80 0.29 1.26% |
Shares in Circulation | First Issued 2006-03-31 | Previous Quarter 22.2 M | Current Value 22.3 M | Avarage Shares Outstanding 18.9 M | Quarterly Volatility 2.2 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.
Wajax |
Wajax Stock Ownership Analysis
About 24.0% of the company outstanding shares are owned by institutional investors. The company has Price to Book (P/B) ratio of 0.97. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Wajax has Price/Earnings To Growth (PEG) ratio of 2.6. The entity last dividend was issued on the 16th of December 2024. Wajax Corporation, an integrated distribution company, provides sales, parts, and services to construction, forestry, mining, industrialcommercial, oil sands, transportation, metal processing, government, utilities, and oil and gas sectors. Wajax Corporation was founded in 1858 and is headquartered in Mississauga, Canada. WAJAX CORPORATION operates under Industrial Distribution classification in Canada and is traded on Toronto Stock Exchange. It employs 2900 people. For more information please call A Foote at 877 469 2529 or visit https://www.wajax.com.Wajax Outstanding Bonds
Wajax 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. Wajax 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 Wajax bonds can be classified according to their maturity, which is the date when Wajax 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 Wajax
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 Wajax 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 Wajax will appreciate offsetting losses from the drop in the long position's value.Moving against Wajax Stock
| 0.68 | TSLA | Tesla Inc CDR | PairCorr |
| 0.64 | AMZN | Amazon CDR | PairCorr |
| 0.61 | GOOG | Alphabet CDR | PairCorr |
| 0.6 | NVDA | NVIDIA CDR | PairCorr |
| 0.51 | WMT | Walmart Inc CDR | PairCorr |
The ability to find closely correlated positions to Wajax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wajax 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 Wajax - 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 Wajax to buy it.
The correlation of Wajax 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 Wajax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wajax 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 Wajax 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 Wajax Stock
Wajax financial ratios help investors to determine whether Wajax 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 Wajax with respect to the benefits of owning Wajax security.