Joseph Riccelli - Innovative Designs VP
| IVDN Stock | USD 0.36 0.02 5.26% |
VP
Mr. Joseph Riccelli, Sr., is Chairman of the Board, Chief Executive Officer, Chief Financial Officer and Principal Accounting Officer of Innovative Designs Inc. Mr. Riccelli was the owner of Pittsburgh Foreign and Domestic, a sole proprietor car dealership located in Glenshaw, Pennsylvania. Joseph Riccelli, Sr. attended Point Park College located in Pittsburgh, Pennsylvania from 1971 to 1972. since 2008.
| Age | 42 |
| Tenure | 18 years |
| Phone | 412 799 0350 |
| Web | https://www.idigear.com |
Innovative Designs Management Efficiency
The company has return on total asset (ROA) of (0.2008) % which means that it has lost $0.2008 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3853) %, meaning that it created substantial loss on money invested by shareholders. Innovative Designs' management efficiency ratios could be used to measure how well Innovative Designs manages its routine affairs as well as how well it operates its assets and liabilities.Similar Executives
| Found 1 records | VP Age | ||
| Derek Davis | The Dixie Group | 76 | |
Management Performance
| Return On Equity | -0.39 | |||
| Return On Asset | -0.2 |
Innovative Designs Management Team
Elected by the shareholders, the Innovative Designs' board of directors comprises two types of representatives: Innovative Designs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Innovative. The board's role is to monitor Innovative Designs' management team and ensure that shareholders' interests are well served. Innovative Designs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Innovative Designs' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Riccelli, VP | ||
| Joseph Sr, President, Chairman | ||
| Gregory Domian, VP Marketing |
Innovative Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Innovative Designs 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 | -0.39 | |||
| Return On Asset | -0.2 | |||
| Profit Margin | (1.31) % | |||
| Operating Margin | (1.85) % | |||
| Current Valuation | 10.4 M | |||
| Shares Outstanding | 34.48 M | |||
| Shares Owned By Insiders | 25.43 % | |||
| Price To Earning | (31.20) X | |||
| Price To Book | 10.26 X | |||
| Price To Sales | 42.43 X |
Pair Trading with Innovative Designs
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 Innovative Designs 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 Innovative Designs will appreciate offsetting losses from the drop in the long position's value.Moving together with Innovative Pink Sheet
Moving against Innovative Pink Sheet
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| 0.33 | JD | JD Inc Adr | PairCorr |
The ability to find closely correlated positions to Innovative Designs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Innovative Designs 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 Innovative Designs - 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 Innovative Designs to buy it.
The correlation of Innovative Designs 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 Innovative Designs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Innovative Designs 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 Innovative Designs 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 Innovative Pink Sheet
Innovative Designs financial ratios help investors to determine whether Innovative Pink Sheet 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 Innovative with respect to the benefits of owning Innovative Designs security.