Jonathan CFA - Precious Metals Portfolio Manager

MMP-UN Stock  CAD 1.82  0.03  1.62%   

Executive

Jonathan CFA is Portfolio Manager of Precious Metals And
Address 15 York Street, Toronto, ON, Canada, M5J 0A3
Phone416-364-1145
Webhttps://ci.com/en/funds/alternative_investments/Pr

Precious Metals Management Efficiency

The company has return on total asset (ROA) of (0.0919) % which means that it has lost $0.0919 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1496) %, meaning that it generated substantial loss on money invested by shareholders. Precious Metals' management efficiency ratios could be used to measure how well Precious Metals manages its routine affairs as well as how well it operates its assets and liabilities. As of November 27, 2024, Return On Tangible Assets is expected to decline to -0.02. In addition to that, Return On Capital Employed is expected to decline to -0.02. At present, Precious Metals' Total Current Assets are projected to decrease significantly based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 0.01, whereas Total Assets are forecasted to decline to about 18.7 M.
Precious Metals And has accumulated 284 K in total debt. Precious Metals And has a current ratio of 49.37, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Precious Metals until it has trouble settling it off, either with new capital or with free cash flow. So, Precious Metals' 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 Precious Metals And sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Precious to invest in growth at high rates of return. When we think about Precious Metals' use of debt, we should always consider it together with cash and equity.

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Precious Metals and Mining Trust is a closed ended equity fund launched and managed by Sentry Investments Inc. Precious Metals and Mining Trust was formed on May 29, 2006 and is domiciled in Canada. PRECIOUS METALS operates under Asset Management classification in Canada and is traded on Toronto Stock Exchange. Precious Metals And (MMP-UN) is traded on Toronto Exchange in Canada and employs 6 people. Precious Metals is listed under Asset Management & Custody Banks category by Fama And French industry classification.

Management Performance

Precious Metals And Leadership Team

Elected by the shareholders, the Precious Metals' board of directors comprises two types of representatives: Precious Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Precious. The board's role is to monitor Precious Metals' management team and ensure that shareholders' interests are well served. Precious Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Precious Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
PEng CFA, Portfolio Manager
Edward Merchand, VP Inc
Jonathan CFA, Portfolio Manager
Michael CFA, Portfolio Manager
CFA CFA, Vice Manager
Aubrey CFA, VP Mang

Precious 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 Precious Metals 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 Precious Metals

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 Precious Metals 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 Precious Metals will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Precious Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Precious Metals 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 Precious Metals - 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 Precious Metals And to buy it.
The correlation of Precious Metals 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 Precious Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Precious Metals And 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 Precious Metals 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 Precious Stock

Precious Metals financial ratios help investors to determine whether Precious 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 Precious with respect to the benefits of owning Precious Metals security.