Allan Smith - Mogo Chief Officer

MOGO Stock  CAD 2.05  0.04  1.99%   

Insider

Allan Smith is Chief Officer of Mogo Inc
Address 516-409 Granville St, Vancouver, BC, Canada, V6C 1T2
Phone604-659-4380
Webhttps://www.mogo.ca

Mogo Management Efficiency

The company has return on total asset (ROA) of (0.082) % which means that it has lost $0.082 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1997) %, meaning that it generated substantial loss on money invested by shareholders. Mogo's management efficiency ratios could be used to measure how well Mogo manages its routine affairs as well as how well it operates its assets and liabilities. As of the 26th of November 2024, Return On Tangible Assets is likely to drop to -0.14. In addition to that, Return On Capital Employed is likely to drop to -0.03. At this time, Mogo's Net Tangible Assets are very stable compared to the past year. As of the 26th of November 2024, Intangibles To Total Assets is likely to grow to 0.38, while Total Assets are likely to drop about 149.1 M.
Mogo Inc has accumulated 88.9 M in total debt. Mogo Inc has a current ratio of 6.49, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Mogo until it has trouble settling it off, either with new capital or with free cash flow. So, Mogo'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 Mogo Inc sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Mogo to invest in growth at high rates of return. When we think about Mogo's use of debt, we should always consider it together with cash and equity.

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Mogo Inc. operates as a financial technology company in Canada. Mogo Inc. was founded in 2003 and is headquartered in Vancouver, Canada. MOGO INC operates under SoftwareApplication classification in Canada and is traded on Toronto Stock Exchange. Mogo Inc (MOGO) is traded on Toronto Exchange in Canada and employs 11 people. Mogo is listed under Application Software category by Fama And French industry classification.

Management Performance

Mogo Inc Leadership Team

Elected by the shareholders, the Mogo's board of directors comprises two types of representatives: Mogo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mogo. The board's role is to monitor Mogo's management team and ensure that shareholders' interests are well served. Mogo'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, Mogo's outside directors are responsible for providing unbiased perspectives on the board's policies.
Minhas Mohamed, Independent Director
Taoufik Ezzaahhaf, Vice Carta
Gregory Feller, President, Chief Financial Officer, Director
Philip Barrar, Chief Officer
Macully Clayton, VP Product
Justin Carter, Chief Officer
Kees Winters, Independent Director
Michael Wekerle, Director
Alice Davidson, VP Officer
Allan Smith, Chief Officer
David Feller, Chairman of the Board, Chief Executive Officer, Founder

Mogo 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 Mogo 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 Mogo

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 Mogo 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 Mogo will appreciate offsetting losses from the drop in the long position's value.

Moving against Mogo Stock

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The ability to find closely correlated positions to Mogo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mogo 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 Mogo - 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 Mogo Inc to buy it.
The correlation of Mogo 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 Mogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mogo Inc 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 Mogo 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
When determining whether Mogo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Mogo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Mogo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Mogo Inc Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Please note, there is a significant difference between Mogo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mogo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mogo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.