Taiga Building Products Stock Today
| TBL Stock | CAD 3.40 0.01 0.29% |
Performance13 of 100
| Odds Of DistressLess than 3
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Taiga Building is selling at 3.40 as of the 23rd of April 2024; that is 0.29 percent increase since the beginning of the trading day. The stock's open price was 3.39. Taiga Building has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Taiga Building Products are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
Taiga Building Products Ltd. operates as a wholesale distributor of building products in Canada and the United States. As of September 29, 2018, Taiga Building Products Ltd. operates as a subsidiary of Avarga Limited. TAIGA BUILDING operates under Home Improvement Stores classification in Canada and is traded on Toronto Stock Exchange. The company has 107.95 M outstanding shares of which 1.96 K shares are at this time shorted by private and institutional investors with about 0.23 days to cover all short positions. More on Taiga Building Products
Moving together with Taiga Stock
| 0.74 | JPM | JPMorgan Chase | PairCorr |
| 0.82 | BOFA | Bank of America | PairCorr |
| 0.75 | GS | GOLDMAN SACHS CDR | PairCorr |
Moving against Taiga Stock
| 0.63 | PFE | Pfizer Inc CDR | PairCorr |
Follow Valuation Profit Patterns Odds of Bankruptcy
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Taiga Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Taiga Building's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Taiga Building or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO | Russell Permann | ||||
| Business Concentration | Construction Materials, Building Materials, Basic Materials, Materials, Construction Materials, Home Improvement Stores, Consumer Cyclical (View all Sectors) | ||||
Taiga Building's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Taiga Building's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Taiga Building's financial leverage. It provides some insight into what part of Taiga Building's total assets is financed by creditors.
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Taiga Building Products (TBL) is traded on Toronto Exchange in Canada and employs 570 people. Taiga Building is listed under Construction Materials category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 365.97 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Taiga Building's market, we take the total number of its shares issued and multiply it by Taiga Building's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Taiga Building Products operates under Construction Materials sector and is part of Materials industry. The entity has 107.95 M outstanding shares of which 1.96 K shares are at this time shorted by private and institutional investors with about 0.23 days to cover all short positions.
Taiga Building Products has accumulated about 94.49 M in cash with 73.83 M of positive cash flow from operations.
Check Taiga Building Probability Of Bankruptcy
Ownership AllocationTaiga Building maintains a total of 107.95 Million outstanding shares. Taiga Building Products has majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 72.03 % of Taiga Building outstanding shares that are owned by insiders indicates they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Taiga Ownership Details
Taiga Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Taiga Building jumping above the current price in 90 days from now is about 1.96%. The Taiga Building Products probability density function shows the probability of Taiga Building stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Taiga Building Products has a beta of -0.0028. This usually implies as returns on the benchmark increase, returns on holding Taiga Building are expected to decrease at a much lower rate. During a bear market, however, Taiga Building Products is likely to outperform the market. Additionally, taiga Building Products has an alpha of 0.2604, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Taiga Building to move above the current price in 90 days from now is about 1.96 (This Taiga Building Products probability density function shows the probability of Taiga Stock to fall within a particular range of prices over 90 days) .
Taiga Building Products Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Taiga Building market risk premium is the additional return an investor will receive from holding Taiga Building long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Taiga Building. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Taiga Building's alpha and beta are two of the key measurements used to evaluate Taiga Building's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.17 | |||
| Semi Deviation | 0.9427 | |||
| Standard Deviation | 1.58 | |||
| Variance | 2.51 |
Taiga Stock Against Markets
Picking the right benchmark for Taiga Building stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Taiga Building stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Taiga Building is critical whether you are bullish or bearish towards Taiga Building Products at a given time. Please also check how Taiga Building's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Taiga Building without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Taiga Building Corporate Directors
Taiga Building corporate directors refer to members of a Taiga Building board of directors. The board of directors generally takes responsibility for the Taiga Building's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Taiga Building's board members must vote for the resolution. The Taiga Building board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brian Flagel | Independent Director | Profile | |
| OttoHans Nowak | Independent Director | Profile | |
| Trent Balog | Consultant Director | Profile | |
| Thiam Tan | Director | Profile |
How to buy Taiga Stock?
Before investing in Taiga Building, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Taiga Building. To buy Taiga Building stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Taiga Building. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Taiga Building stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Taiga Building Products stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Taiga Building Products stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Taiga Building Products, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Taiga Building Products?
The danger of trading Taiga Building Products is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Taiga Building is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Taiga Building. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Taiga Building Products is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taiga Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Taiga Stock analysis
When running Taiga Building's price analysis, check to measure Taiga Building's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Taiga Building is operating at the current time. Most of Taiga Building's value examination focuses on studying past and present price action to predict the probability of Taiga Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taiga Building's price. Additionally, you may evaluate how the addition of Taiga Building to your portfolios can decrease your overall portfolio volatility.
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