Christopher Smernoff - Ellington Residential Chief Financial Officer
| EARN Stock | USD 6.65 0.08 1.22% |
CFO
Mr. Christopher Smernoff is appointed as Chief Financial Officer of the company effective March 30, 2018. He joined Ellington Management Group L.L.C. in January 2007 and was the Companys Controller since April 2013. As the Companys Controller, Mr. Smernoff is responsible for managing all aspects of the finance and accounting operations of the Company. In addition, Mr. Smernoff has served since February 2010 as the Controller of Ellingtons other public company affiliate, Ellington Financial LLC . From January 2007 through February 2010, Mr. Smernoff was an Assistant Controller for various private entities managed by Ellington. Prior to January 2007, Mr. Smernoff was employed as a manager in the assurance practice of PricewaterhouseCoopers LLP, where he was primarily focused on providing audit and accounting services to a variety of clients in the investment management industry since 2018.
| Age | 47 |
| Tenure | 6 years |
| Address | 53 Forest Avenue, Old Greenwich, CT, United States, 06870 |
| Phone | 203 698 1200 |
| Web | https://www.ellingtoncredit.com |
Ellington Residential Management Efficiency
The company has return on total asset (ROA) of 0.0232 % which means that it generated a profit of $0.0232 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1388 %, meaning that it created $0.1388 on every $100 dollars invested by stockholders. Ellington Residential's management efficiency ratios could be used to measure how well Ellington Residential manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Ellington Residential's Return On Tangible Assets are very stable compared to the past year. As of the 22nd of November 2024, Return On Assets is likely to grow to 0.01, though Return On Capital Employed is likely to grow to (0.01). At this time, Ellington Residential's Total Assets are very stable compared to the past year. As of the 22nd of November 2024, Total Current Assets is likely to grow to about 104.9 M, while Non Current Assets Total are likely to drop about 1.4 B.Similar Executives
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| J Herlihy | Ellington Financial | 43 | |
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Management Performance
| Return On Equity | 0.14 | ||||
| Return On Asset | 0.0232 |
Ellington Residential Leadership Team
Elected by the shareholders, the Ellington Residential's board of directors comprises two types of representatives: Ellington Residential inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ellington. The board's role is to monitor Ellington Residential's management team and ensure that shareholders' interests are well served. Ellington Residential'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, Ellington Residential's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Allardice, Independent Chairman of the Board of Trustees | ||
| Daniel JD, General Counsel | ||
| Laurence Penn, President, Chief Executive Officer, Trustee | ||
| Jason Frank, Deputy Sec | ||
| Ronald Simon, Independent Trustee | ||
| David Miller, Independent Trustee | ||
| Christopher CPA, Chief Officer | ||
| J Herlihy, Chief Operating Officer, Treasurer | ||
| Mary Mcbride, Independent Trustee | ||
| Daniel Margolis, General Counsel | ||
| Mark Tecotzky, Co-Chief Investment Officer | ||
| Vincent Ambrico, Controller | ||
| Thomas Robards, Independent Chairman of the Board of Trustees | ||
| Christopher Smernoff, Chief Financial Officer | ||
| C Ike, Independent Trustee | ||
| Michael Vranos, Co-Chief Investment Officer and Trustee | ||
| AlaaelDeen Shilleh, Associate Secretary |
Ellington 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 Ellington Residential 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 | 0.14 | ||||
| Return On Asset | 0.0232 | ||||
| Operating Margin | 0.43 % | ||||
| Current Valuation | 608.9 M | ||||
| Shares Outstanding | 28.8 M | ||||
| Shares Owned By Insiders | 1.58 % | ||||
| Shares Owned By Institutions | 23.80 % | ||||
| Number Of Shares Shorted | 535.36 K | ||||
| Price To Earning | 2.40 X | ||||
| Price To Book | 1.00 X |
Pair Trading with Ellington Residential
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 Ellington Residential 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 Ellington Residential will appreciate offsetting losses from the drop in the long position's value.Moving against Ellington Stock
| 0.62 | LC | LendingClub Corp | PairCorr |
| 0.56 | DIST | Distoken Acquisition | PairCorr |
| 0.55 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.53 | QD | Qudian Inc | PairCorr |
| 0.52 | MS | Morgan Stanley Sell-off Trend | PairCorr |
The ability to find closely correlated positions to Ellington Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellington Residential 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 Ellington Residential - 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 Ellington Residential Mortgage to buy it.
The correlation of Ellington Residential 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 Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential 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 Ellington Residential 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Is Mortgage Real Estate Investment Trusts (REITs) 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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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 0.185 | Dividend Share 0.96 | Earnings Share 1.25 | Revenue Per Share (0.92) | Quarterly Revenue Growth (0.78) |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.