Kent Draper - Iris Energy Chief Officer
| IREN Stock | USD 10.78 1.06 10.91% |
Executive
Kent Draper is Chief Officer of Iris Energy
| Address | 44 Market Street, Sydney, NSW, Australia, 2000 |
| Phone | 61 2 7906 8301 |
| Web | https://iren.com |
Iris Energy Management Efficiency
The company has return on total asset (ROA) of (0.0229) % which means that it has lost $0.0229 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.0413) %, meaning that it created substantial loss on money invested by shareholders. Iris Energy's management efficiency ratios could be used to measure how well Iris Energy manages its routine affairs as well as how well it operates its assets and liabilities. As of the 24th of November 2024, Return On Tangible Assets is likely to drop to -0.03. In addition to that, Return On Capital Employed is likely to drop to -0.03. At this time, Iris Energy's Intangible Assets are very stable compared to the past year. As of the 24th of November 2024, Debt To Assets is likely to grow to 0.20, while Other Assets are likely to drop about 402 K.Similar Executives
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Management Performance
| Return On Equity | -0.0413 | ||||
| Return On Asset | -0.0229 |
Iris Energy Leadership Team
Elected by the shareholders, the Iris Energy's board of directors comprises two types of representatives: Iris Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Iris. The board's role is to monitor Iris Energy's management team and ensure that shareholders' interests are well served. Iris Energy'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, Iris Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Shaw, Chief Officer | ||
| Heather Miller, Culture People | ||
| Kent Draper, Chief Officer | ||
| Yvonne Martins, Group Controller | ||
| BA GAICD, G Sec | ||
| Denis Skrinnikoff, Chief Officer | ||
| Glenn Harrison, VP Operations | ||
| Bom Shin, Head Markets | ||
| Lindsay FACID, President | ||
| Belinda Nucifora, Chief Officer | ||
| Cesilia Kim, Chief Secretary | ||
| William Roberts, CoCEO CoFounder | ||
| Daniel Roberts, CoCEO CoFounder | ||
| Lincoln Tan, Director Relations |
Iris 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 Iris Energy 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 | -0.0413 | ||||
| Return On Asset | -0.0229 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | (0.40) % | ||||
| Current Valuation | 1.63 B | ||||
| Shares Outstanding | 189.35 M | ||||
| Shares Owned By Insiders | 7.28 % | ||||
| Shares Owned By Institutions | 45.07 % | ||||
| Number Of Shares Shorted | 9.94 M | ||||
| Price To Book | 1.86 X |
Pair Trading with Iris Energy
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 Iris Energy 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 Iris Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Iris Stock
| 0.71 | V | Visa Class A | PairCorr |
| 0.69 | DHIL | Diamond Hill Investment | PairCorr |
| 0.74 | DIST | Distoken Acquisition | PairCorr |
| 0.78 | AB | AllianceBernstein | PairCorr |
| 0.71 | AC | Associated Capital | PairCorr |
Moving against Iris Stock
The ability to find closely correlated positions to Iris Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Iris Energy 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 Iris Energy - 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 Iris Energy to buy it.
The correlation of Iris Energy 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 Iris Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Iris Energy 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 Iris Energy 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Iris Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Iris Stock, please use our How to Invest in Iris Energy guide.You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Asset Management & Custody Banks 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 Iris Energy. If investors know Iris 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 Iris Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 1.894 | Quarterly Revenue Growth 0.679 | Return On Assets (0.02) | Return On Equity (0.04) |
The market value of Iris Energy is measured differently than its book value, which is the value of Iris that is recorded on the company's balance sheet. Investors also form their own opinion of Iris Energy's value that differs from its market value or its book value, called intrinsic value, which is Iris Energy'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 Iris Energy's market value can be influenced by many factors that don't directly affect Iris Energy'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 Iris Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Iris Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Iris Energy'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.