Steven Fredricks - Madison Covered Chief Compliance Officer, Assistant Secretary
MCN Etf | USD 7.07 0.01 0.14% |
Age | 51 |
Tenure | 6 years |
Phone | 800-767-0300 |
Web | https://www.madisonfunds.com/individual/madison-covered-call-and-equity-strategy-fund |
Madison Covered Management Efficiency
The company has Return on Asset of 0.25 % which means that on every $100 spent on assets, it made $0.25 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (5.11) %, meaning that it generated no profit with money invested by stockholders. Madison Covered's management efficiency ratios could be used to measure how well Madison Covered manages its routine affairs as well as how well it operates its assets and liabilities.Similar Fund Executives
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Management Performance
Return On Equity | -5.11 | ||||
Return On Asset | 0.25 |
Madison Covered Call Money Managers
James Imhoff, Independent Trustee | ||
Lorence Wheeler, President, Chief Legal Officer, Assistant Secretary | ||
Steve Fredricks, Chief Compliance Officer, Assistant Secretary | ||
Patrick Ryan, President | ||
Holly Baggot, Assistant Treasurer, Secretary, Anti-Money Laundering Officer | ||
Steven Riege, Independent Trustee | ||
Trey Edgerle, Assistant Secretary, Anti-Money Laundering Officer | ||
Steven Fredricks, Chief Compliance Officer, Assistant Secretary | ||
Richard Struthers, Independent Trustee | ||
Paul Lefurgey, Vice President, Trustee | ||
Greg Hoppe, Chief Financial Officer, Vice President |
Madison Etf Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is Madison Covered 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 | -5.11 | ||||
Return On Asset | 0.25 | ||||
Operating Margin | 26.96 % | ||||
Current Valuation | 159.31 M | ||||
Shares Outstanding | 20.96 M | ||||
Shares Owned By Institutions | 19.68 % | ||||
Number Of Shares Shorted | 107.44 K | ||||
Price To Earning | 16.03 X | ||||
Price To Book | 1.04 X | ||||
Price To Sales | 65.90 X |
Pair Trading with Madison Covered
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 Madison Covered 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 Madison Covered will appreciate offsetting losses from the drop in the long position's value.Moving against Madison Etf
0.54 | GLD | SPDR Gold Shares | PairCorr |
0.49 | XHLF | Bondbloxx ETF Trust | PairCorr |
0.46 | EOS | Eaton Vance Enhanced | PairCorr |
0.42 | TGRW | T Rowe Price | PairCorr |
0.32 | BCD | abrdn Bloomberg All | PairCorr |
The ability to find closely correlated positions to Madison Covered could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Madison Covered 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 Madison Covered - 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 Madison Covered Call to buy it.
The correlation of Madison Covered 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 Madison Covered moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Madison Covered Call 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 Madison Covered 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 Madison Etf
Madison Covered financial ratios help investors to determine whether Madison Etf 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 Madison with respect to the benefits of owning Madison Covered security.