Steven Fredricks - Madison Covered Chief Compliance Officer, Assistant Secretary

MCN Etf  USD 7.07  0.01  0.14%   
Steven Fredricks is Portfolio Manager at Madison Covered Call
Age 51
Tenure 6 years
Phone800-767-0300
Webhttps://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.
Madison Covered Call has 618.62 K in debt with debt to equity (D/E) ratio of 0.0, which may show that the company is not taking advantage of profits from borrowing. Madison Covered Call has a current ratio of 0.1, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Madison Covered until it has trouble settling it off, either with new capital or with free cash flow. So, Madison Covered'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 Madison Covered Call sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Madison to invest in growth at high rates of return. When we think about Madison Covered's use of debt, we should always consider it together with cash and equity.

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Madison Covered Call Equity Strategy Fund is a closed-ended equity mutual fund launched by Madison Investment Holdings, Inc. MadisonClaymore Covered is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. Madison Covered Call [MCN] is traded in USA and was established 2004-07-28.

Management Performance

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.

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

  0.54GLD SPDR Gold SharesPairCorr
  0.49XHLF Bondbloxx ETF TrustPairCorr
  0.46EOS Eaton Vance EnhancedPairCorr
  0.42TGRW T Rowe PricePairCorr
  0.32BCD abrdn Bloomberg AllPairCorr
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.
Pair CorrelationCorrelation Matching

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.