Andrew Newbury - Chibougamau Independent Co Sec
| CBG Stock | CAD 0.14 0.00 0.00% |
Insider
Andrew Newbury is Co Sec of Chibougamau Independent Mines
| Address | 86, 14th Street, Rouyn-Noranda, QC, Canada, J9X 2J1 |
| Phone | 819 797 5242 |
| Web | https://www.chibougamaumines.com |
Chibougamau Independent Management Efficiency
The company has return on total asset (ROA) of 0.0491 % which means that it generated a profit of $0.0491 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1719 %, meaning that it generated $0.1719 on every $100 dollars invested by stockholders. Chibougamau Independent's management efficiency ratios could be used to measure how well Chibougamau Independent manages its routine affairs as well as how well it operates its assets and liabilities. Total Assets is likely to climb to about 1 M in 2024, whereas Net Tangible Assets are likely to drop slightly above 392.5 K in 2024.Similar Executives
| Found 2 records | INSIDER Age | ||
| BSc BSc | Stillwater Critical Minerals | 55 | |
| LLB LLB | Stillwater Critical Minerals | N/A | |
Management Performance
| Return On Equity | 0.17 | |||
| Return On Asset | 0.0491 |
Chibougamau Independent Management Team
Elected by the shareholders, the Chibougamau Independent's board of directors comprises two types of representatives: Chibougamau Independent inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chibougamau. The board's role is to monitor Chibougamau Independent's management team and ensure that shareholders' interests are well served. Chibougamau Independent's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Chibougamau Independent's outside directors are responsible for providing unbiased perspectives on the board's policies.
| AccDir BSc, CEO Pres | ||
| Andrew Newbury, Co Sec | ||
| Andrew CPA, Corporate Secretary |
Chibougamau Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Chibougamau Independent a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.17 | |||
| Return On Asset | 0.0491 | |||
| Profit Margin | 0.15 % | |||
| Operating Margin | 0.08 % | |||
| Current Valuation | 7.63 M | |||
| Shares Outstanding | 61.07 M | |||
| Shares Owned By Insiders | 27.17 % | |||
| Shares Owned By Institutions | 8.97 % | |||
| Number Of Shares Shorted | 1.3 K | |||
| Price To Earning | 12.00 X |
Pair Trading with Chibougamau Independent
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 Chibougamau Independent 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 Chibougamau Independent will appreciate offsetting losses from the drop in the long position's value.Moving together with Chibougamau Stock
Moving against Chibougamau Stock
The ability to find closely correlated positions to Chibougamau Independent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chibougamau Independent 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 Chibougamau Independent - 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 Chibougamau Independent Mines to buy it.
The correlation of Chibougamau Independent 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 Chibougamau Independent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chibougamau Independent 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 Chibougamau Independent 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.Additional Tools for Chibougamau Stock Analysis
When running Chibougamau Independent's price analysis, check to measure Chibougamau Independent'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 Chibougamau Independent is operating at the current time. Most of Chibougamau Independent's value examination focuses on studying past and present price action to predict the probability of Chibougamau Independent's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chibougamau Independent's price. Additionally, you may evaluate how the addition of Chibougamau Independent to your portfolios can decrease your overall portfolio volatility.