Sylvain Laroche - Orbit Garant Chief Officer
| OGD Stock | CAD 0.90 0.03 3.45% |
Insider
Sylvain Laroche is Chief Officer of Orbit Garant Drilling
| Address | 3200, Jean-Jacques Cossette Boulevard, Val-D'or, QC, Canada, J9P 6Y6 |
| Phone | 866 824 2707 |
| Web | https://www.orbitgarant.com |
Orbit Garant Management Efficiency
The company has return on total asset (ROA) of 0.0256 % which means that it generated a profit of $0.0256 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0216) %, meaning that it generated substantial loss on money invested by shareholders. Orbit Garant's management efficiency ratios could be used to measure how well Orbit Garant manages its routine affairs as well as how well it operates its assets and liabilities. As of the 27th of November 2024, Return On Tangible Assets is likely to grow to -0.01. In addition to that, Return On Capital Employed is likely to grow to -0.0047. At this time, Orbit Garant's Total Assets are very stable compared to the past year. As of the 27th of November 2024, Non Currrent Assets Other is likely to grow to about 60 M, while Non Current Assets Total are likely to drop about 41.1 M.Similar Executives
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Management Performance
| Return On Equity | -0.0216 | ||||
| Return On Asset | 0.0256 |
Orbit Garant Drilling Leadership Team
Elected by the shareholders, the Orbit Garant's board of directors comprises two types of representatives: Orbit Garant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Orbit. The board's role is to monitor Orbit Garant's management team and ensure that shareholders' interests are well served. Orbit Garant'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, Orbit Garant's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alain Laplante, Chief Financial Officer, Vice President, Corporate Secretary | ||
| Paul Carmel, Independent Chairman of the Board | ||
| Pierre Alexandre, Vice Chairman of the Board, Vice President - Corporate Development | ||
| Eric Alexandre, President, Chief Executive Officer, Director | ||
| JeanYves Laliberte, Independent Director | ||
| PierLuc Laplante, Controller | ||
| William Gula, Independent Director | ||
| Daniel Maheu, CFO Secretary | ||
| Sylvain Laroche, Chief Officer |
Orbit 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 Orbit Garant 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 | -0.0216 | ||||
| Return On Asset | 0.0256 | ||||
| Profit Margin | (0.01) % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 65.7 M | ||||
| Shares Outstanding | 37.37 M | ||||
| Shares Owned By Insiders | 24.30 % | ||||
| Shares Owned By Institutions | 9.63 % | ||||
| Number Of Shares Shorted | 15.6 K | ||||
| Price To Earning | 59.33 X |
Pair Trading with Orbit Garant
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 Orbit Garant 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 Orbit Garant will appreciate offsetting losses from the drop in the long position's value.Moving together with Orbit Stock
Moving against Orbit Stock
The ability to find closely correlated positions to Orbit Garant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Orbit Garant 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 Orbit Garant - 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 Orbit Garant Drilling to buy it.
The correlation of Orbit Garant 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 Orbit Garant moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orbit Garant Drilling 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 Orbit Garant 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 Orbit Stock
Orbit Garant financial ratios help investors to determine whether Orbit 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 Orbit with respect to the benefits of owning Orbit Garant security.