Alvin Chau - CareRx Corp Senior Technology
| CRRX Stock | CAD 1.90 0.13 7.34% |
Executive
Alvin Chau is Senior Technology of CareRx Corp
| Address | 320 Bay Street, Toronto, ON, Canada, M5H 4A6 |
| Phone | 416 927 8400 |
| Web | https://www.carerx.ca |
CareRx Corp Management Efficiency
The company has return on total asset (ROA) of 0.0218 % which means that it generated a profit of $0.0218 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.075) %, meaning that it generated substantial loss on money invested by shareholders. CareRx Corp's management efficiency ratios could be used to measure how well CareRx Corp 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 -0.05. In addition to that, Return On Capital Employed is likely to drop to 0.03. As of the 26th of November 2024, Debt To Assets is likely to grow to 0.41, while Total Assets are likely to drop about 178.4 M.Similar Executives
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Management Performance
| Return On Equity | -0.075 | ||||
| Return On Asset | 0.0218 |
CareRx Corp Leadership Team
Elected by the shareholders, the CareRx Corp's board of directors comprises two types of representatives: CareRx Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CareRx. The board's role is to monitor CareRx Corp's management team and ensure that shareholders' interests are well served. CareRx Corp'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, CareRx Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Puneet Khanna, Chief Officer | ||
| Ryan Stempfle, VP Division | ||
| Davide Pernarella, Interim Officer | ||
| Adrianne Campeau, Chief Officer | ||
| Travis Featherstone, Senior Integration | ||
| Alpinder Grewal, Senior Transformation | ||
| David Murphy, CEO Pres | ||
| Andrew Mok, Chief Officer | ||
| Alvin Chau, Senior Technology | ||
| Paul Rakowski, General Development | ||
| Suzanne Brand, Chief Officer |
CareRx 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 CareRx Corp 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 | -0.075 | ||||
| Return On Asset | 0.0218 | ||||
| Profit Margin | (0.02) % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 194.15 M | ||||
| Shares Outstanding | 59.95 M | ||||
| Shares Owned By Insiders | 10.58 % | ||||
| Shares Owned By Institutions | 50.14 % | ||||
| Number Of Shares Shorted | 8.6 K | ||||
| Price To Book | 1.42 X |
Pair Trading with CareRx Corp
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 CareRx Corp 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 CareRx Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to CareRx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareRx Corp 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 CareRx Corp - 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 CareRx Corp to buy it.
The correlation of CareRx Corp 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 CareRx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareRx Corp 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 CareRx Corp 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 CareRx Stock
CareRx Corp financial ratios help investors to determine whether CareRx 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 CareRx with respect to the benefits of owning CareRx Corp security.