| LBS Stock | | | CAD 9.66 0.01 0.10% |
CEO
Mr. Mark A. Caranci, B.Comm, CA, is President, Chief Executive Officer, Director of Life Banc Split Corporationration He is President and Chief Executive Officer, Brompton Funds since April 2007 President, Brompton Funds from April 2006 to April 2007 Chief Financial Officer, Brompton from 2000 to April 2006.
| Address | Bay Wellington Tower, Toronto, ON, Canada, M5J 2T3 |
| Phone | 416-642-9061 |
| Web | https://www.bromptongroup.com/funds/fund/lbs/overv |
Life Banc Management Efficiency
The company has return on total asset
(ROA) of
0.0491 % which means that it generated a profit of $0.0491 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
0.0668 %, meaning that it generated $0.0668 on every $100 dollars invested by stockholders. Life Banc's management efficiency ratios could be used to measure how well Life Banc manages its routine affairs as well as how well it operates its assets and liabilities. As of the 28th of November 2024,
Return On Tangible Assets is likely to grow to 0.08. Also,
Return On Capital Employed is likely to grow to 0.31. At this time, Life Banc's
Other Assets are very stable compared to the past year. As of the 28th of November 2024,
Total Current Assets is likely to grow to about 766.9
M, while
Total Assets are likely to drop about 404
M.
Life Banc Split has accumulated 408.2
M in total debt with debt to equity ratio
(D/E) of 2.61, implying the company greatly
relies on financing operations through barrowing. Life Banc Split has a current ratio of 1.35, which is within standard range for the sector. Debt can assist Life Banc until it has trouble settling it off, either with new capital or with free cash flow. So, Life Banc's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Life Banc Split sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Life to invest in growth at high rates of return. When we think about Life Banc's use of debt, we should always consider it together with cash and equity.
Life Banc Split Corp. is a closed-ended equity mutual fund launched and managed by Brompton Funds Limited. Life Banc Split Corp. was formed on September 6, 2006 and is domiciled in Canada. LIFE BANC operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange. Life Banc Split (LBS) is traded on Toronto Exchange in Canada and employs 15 people. Life Banc is listed under Asset Management & Custody Banks category by Fama And French industry classification.
Management Performance
Life Banc Split Leadership Team
Elected by the shareholders, the Life Banc's board of directors comprises two types of representatives: Life Banc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Life. The board's role is to monitor Life Banc's management team and ensure that shareholders' interests are well served. Life Banc'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, Life Banc's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Clare, Vice President Portfolio Manager | |
| Laura Lau, Senior Vice President Senior Portfolio Manager | |
| CA CFA, VP Controller | |
| Jason Goletz, Vice Marketing | |
| Kathryn Banner, Vice President, Corporate Secretary | |
| BASc CFA, VP | |
| Ann Wong, Vice President Controller | |
| CFA BA, Vice Controller | |
| Michelle Tiraborelli, Vice President | |
| Christopher Cullen, Senior Vice President | |
| Christopher Hoffmann, Independent Director | |
| Mark Caranci, President, Chief Executive Officer, Director | |
| BCom BComm, President Officer | |
| Raymond Pether, Independent Director | |
| Craig Kikuchi, Chief Financial Officer, Director | |
Life 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 Life Banc 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.
Pair Trading with Life Banc
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 Life Banc 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 Life Banc will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Life Banc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Life Banc 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 Life Banc - 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 Life Banc Split to buy it.
The correlation of Life Banc 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 Life Banc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Life Banc Split 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 Life Banc 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 Life Stock
Life Banc financial ratios help investors to determine whether Life 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 Life with respect to the benefits of owning Life Banc security.