Igm Financial Stock Today
| IGIFF Stock | USD 24.34 0.07 0.29% |
Performance0 of 100
| Odds Of DistressLess than 9
|
IGM Financial is trading at 24.34 as of the 20th of April 2024. This is a 0.29 percent increase since the beginning of the trading day. The stock's lowest day price was 24.33. IGM Financial has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for IGM Financial are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of March 2024 and ending today, the 20th of April 2024. Click here to learn more.
IGM Financial Inc. operates as a wealth and asset management company in Canada. IGM Financial Inc. is a subsidiary of Power Financial Corporation. Igm Financial is traded on OTC Exchange in the United States. The company has 237.78 M outstanding shares. More on IGM Financial
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Follow Valuation Odds of Bankruptcy
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IGM Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IGM Financial's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IGM Financial or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Murray Taylor |
| Business Concentration | Financials, Capital Markets, Asset Management, Financial Services (View all Sectors) |
IGM Financial [IGIFF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC). The company currently falls under 'Mid-Cap' category with a current market capitalization of 7.49 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate IGM Financial's market, we take the total number of its shares issued and multiply it by IGM Financial'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. IGM Financial classifies itself under Capital Markets sector and is part of Financials industry. The entity has 237.78 M outstanding shares.
IGM Financial has accumulated about 1.12 B in cash with 737.67 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.7.
Check IGM Financial Probability Of Bankruptcy
Ownership AllocationIGM Financial has a total of 237.78 Million outstanding shares. Roughly 91.0 (percent) of IGM Financial outstanding shares are held by general public with 0.09 % owned by insiders and only 8.6 pct. by outside corporations. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check IGM Ownership Details
IGM Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of IGM Financial jumping above the current price in 90 days from now is roughly 97.0%. The IGM Financial probability density function shows the probability of IGM Financial pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon IGM Financial has a beta of 0.7142. This usually indicates as returns on the market go up, IGM Financial average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding IGM Financial will be expected to be much smaller as well. Additionally, iGM Financial has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of IGM Financial to move above the current price in 90 days from now is roughly 97.0 (This IGM Financial probability density function shows the probability of IGM Pink Sheet to fall within a particular range of prices over 90 days) .
IGM Financial Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. IGM Financial market risk premium is the additional return an investor will receive from holding IGM Financial 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 IGM Financial. 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 IGM Financial's alpha and beta are two of the key measurements used to evaluate IGM Financial's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 1.06 | |||
| Standard Deviation | 1.83 | |||
| Variance | 3.36 | |||
| Risk Adjusted Performance | (0.000067) |
IGM Stock Against Markets
Picking the right benchmark for IGM Financial pink sheet 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 IGM Financial pink sheet 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 IGM Financial is critical whether you are bullish or bearish towards IGM Financial at a given time. Please also check how IGM Financial'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 IGM Financial 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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IGM Financial Corporate Directors
IGM Financial corporate directors refer to members of an IGM Financial board of directors. The board of directors generally takes responsibility for the IGM Financial'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 IGM Financial's board members must vote for the resolution. The IGM Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sharon Hodgson | Independent Director | Profile | |
| Sharon MacLeod | Independent Director | Profile | |
| Andre Desmarais | Independent Director | Profile | |
| Claude Genereux | Director | Profile |
How to buy IGM Pink Sheet?
Before investing in IGM Financial, 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 IGM Financial. To buy IGM Financial stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of IGM Financial. 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 IGM Financial stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located IGM Financial 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 IGM Financial 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 IGM Financial, 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 IGM Financial?
The danger of trading IGM Financial 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 IGM Financial 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 IGM Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile IGM Financial 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IGM Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the IGM Financial information on this page should be used as a complementary analysis to other IGM Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for IGM Pink Sheet analysis
When running IGM Financial's price analysis, check to measure IGM Financial'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 IGM Financial is operating at the current time. Most of IGM Financial's value examination focuses on studying past and present price action to predict the probability of IGM Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Financial's price. Additionally, you may evaluate how the addition of IGM Financial to your portfolios can decrease your overall portfolio volatility.
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