Mike Hobbs - Hammond Manufacturing Chief Officer
| HMM-A Stock | CAD 9.99 0.31 3.20% |
Executive
Mike Hobbs is Chief Officer of Hammond Manufacturing
| Address | 394 Edinburgh Road North, Guelph, ON, Canada, N1H 1E5 |
| Phone | 519 822 2960 |
| Web | https://www.hammfg.com |
Hammond Manufacturing Management Efficiency
The company has return on total asset (ROA) of 0.0885 % which means that it generated a profit of $0.0885 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1799 %, meaning that it generated $0.1799 on every $100 dollars invested by stockholders. Hammond Manufacturing's management efficiency ratios could be used to measure how well Hammond Manufacturing manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.10 in 2024. Return On Capital Employed is likely to gain to 0.24 in 2024. At this time, Hammond Manufacturing's Total Current Liabilities is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 199 M in 2024, whereas Non Current Liabilities Other is likely to drop (4.7 K) in 2024.Similar Executives
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Management Performance
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0885 |
Hammond Manufacturing Leadership Team
Elected by the shareholders, the Hammond Manufacturing's board of directors comprises two types of representatives: Hammond Manufacturing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hammond. The board's role is to monitor Hammond Manufacturing's management team and ensure that shareholders' interests are well served. Hammond Manufacturing'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, Hammond Manufacturing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Hammond, Chairman CEO | ||
| Ross Hammond, Assistant Secretary | ||
| Mike Hobbs, Chief Officer | ||
| Alexander Stirling, Executive President |
Hammond 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 Hammond Manufacturing 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 | 0.18 | ||||
| Return On Asset | 0.0885 | ||||
| Profit Margin | 0.08 % | ||||
| Operating Margin | 0.10 % | ||||
| Current Valuation | 150.47 M | ||||
| Shares Outstanding | 8.56 M | ||||
| Shares Owned By Insiders | 20.15 % | ||||
| Shares Owned By Institutions | 0.34 % | ||||
| Number Of Shares Shorted | 6.56 K | ||||
| Price To Earning | 4.78 X |
Pair Trading with Hammond Manufacturing
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 Hammond Manufacturing 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 Hammond Manufacturing will appreciate offsetting losses from the drop in the long position's value.Moving together with Hammond Stock
The ability to find closely correlated positions to Hammond Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Manufacturing 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 Hammond Manufacturing - 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 Hammond Manufacturing to buy it.
The correlation of Hammond Manufacturing 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 Hammond Manufacturing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Manufacturing 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 Hammond Manufacturing 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 Hammond Stock Analysis
When running Hammond Manufacturing's price analysis, check to measure Hammond Manufacturing'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 Hammond Manufacturing is operating at the current time. Most of Hammond Manufacturing's value examination focuses on studying past and present price action to predict the probability of Hammond Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Manufacturing's price. Additionally, you may evaluate how the addition of Hammond Manufacturing to your portfolios can decrease your overall portfolio volatility.