H Dale - Credo Technology Vice Resources

CRDO Stock  USD 47.07  1.23  2.68%   

Executive

H Dale is Vice Resources of Credo Technology Group
Address c/o Maples Corporate Services Limited, Grand Cayman, Cayman Islands, 1-1104
Phone408 664 9329
Webhttps://credosemi.com

Credo Technology Management Efficiency

The company has return on total asset (ROA) of (0.0437) % which means that it has lost $0.0437 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0582) %, meaning that it created substantial loss on money invested by shareholders. Credo Technology's management efficiency ratios could be used to measure how well Credo Technology manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Tangible Assets is likely to drop to -0.06. In addition to that, Return On Capital Employed is likely to grow to -0.05. At this time, Credo Technology's Net Tangible Assets are very stable compared to the past year. As of the 26th of November 2024, Other Current Assets is likely to grow to about 13.8 M, while Total Assets are likely to drop about 360.5 M.
Credo Technology Group currently holds 11.13 M in liabilities with Debt to Equity (D/E) ratio of 0.05, which may suggest the company is not taking enough advantage from borrowing. Credo Technology has a current ratio of 7.96, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Credo Technology's use of debt, we should always consider it together with its cash and equity.

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Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Mainland China, Hong Kong, and internationally. The company was founded in 2008 and is headquartered in San Jose, California. Credo Technology is traded on NASDAQ Exchange in the United States. Credo Technology Group (CRDO) is traded on NASDAQ Exchange in USA. It is located in c/o Maples Corporate Services Limited, Grand Cayman, Cayman Islands, 1-1104 and employs 500 people. Credo Technology is listed under Semiconductors & Semiconductor Equipment category by Fama And French industry classification.

Management Performance

Credo Technology Leadership Team

Elected by the shareholders, the Credo Technology's board of directors comprises two types of representatives: Credo Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Credo. The board's role is to monitor Credo Technology's management team and ensure that shareholders' interests are well served. Credo Technology'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, Credo Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Chi Cheng, CTO Cofounder
Daniel ONeil, Vice Relations
Adam ThorngateGottlund, General Secretary
Daniel Fleming, Chief Officer
Scott Feller, Vice Marketing
James Laufman, Chief Secretary
Jim Laufman, Chief Secretary
William Brennan, CEO President
Yat Lam, COO Cofounder
Michael Lampe, Vice Marketing
Katherine Schuelke, Chief Secretary
H Dale, Vice Resources

Credo 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 Credo Technology 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.

Pair Trading with Credo Technology

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 Credo Technology 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 Credo Technology will appreciate offsetting losses from the drop in the long position's value.

Moving against Credo Stock

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The ability to find closely correlated positions to Credo Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Credo Technology 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 Credo Technology - 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 Credo Technology Group to buy it.
The correlation of Credo Technology 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 Credo Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Credo Technology 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 Credo Technology 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.
Pair CorrelationCorrelation Matching
When determining whether Credo Technology offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Credo Technology's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Credo Technology Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Credo Technology Group Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Credo Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Credo Technology. If investors know Credo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Credo Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.87)
Earnings Share
(0.16)
Revenue Per Share
1.368
Quarterly Revenue Growth
0.702
Return On Assets
(0.04)
The market value of Credo Technology is measured differently than its book value, which is the value of Credo that is recorded on the company's balance sheet. Investors also form their own opinion of Credo Technology's value that differs from its market value or its book value, called intrinsic value, which is Credo Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Credo Technology's market value can be influenced by many factors that don't directly affect Credo Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Credo Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Credo Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Credo Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.