Vince Sciamanna - Savaria President Ltd

SIS Stock  CAD 22.72  0.09  0.39%   

President

Vince Sciamanna is President Ltd of Savaria
Address 4350 Highway 13, Laval, QC, Canada, H7R 6E9
Phone450 681 5655
Webhttps://www.savaria.com

Savaria Management Efficiency

The company has return on total asset (ROA) of 0.057 % which means that it generated a profit of $0.057 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0822 %, meaning that it generated $0.0822 on every $100 dollars invested by stockholders. Savaria's management efficiency ratios could be used to measure how well Savaria manages its routine affairs as well as how well it operates its assets and liabilities. As of the 23rd of November 2024, Return On Tangible Assets is likely to grow to 0.11, while Return On Capital Employed is likely to drop 0.07. At this time, Savaria's Other Assets are very stable compared to the past year. As of the 23rd of November 2024, Return On Tangible Assets is likely to grow to 0.11, though Net Tangible Assets are likely to grow to (167.8 M).
Savaria has accumulated 319.38 M in total debt with debt to equity ratio (D/E) of 0.29, which may suggest the company is not taking enough advantage from borrowing. Savaria has a current ratio of 2.62, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Savaria until it has trouble settling it off, either with new capital or with free cash flow. So, Savaria'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 Savaria sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Savaria to invest in growth at high rates of return. When we think about Savaria's use of debt, we should always consider it together with cash and equity.

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Savaria Corporation provides accessibility solutions for the elderly and physically challenged peoples in Canada, the United States, Europe, and internationally. Savaria Corporation was founded in 1979 and is headquartered in Laval, Canada. SAVARIA CORP operates under Specialty Industrial Machinery classification in Canada and is traded on Toronto Stock Exchange. It employs 1375 people. Savaria (SIS) is traded on Toronto Exchange in Canada and employs 2,450 people. Savaria is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification.

Management Performance

Savaria Leadership Team

Elected by the shareholders, the Savaria's board of directors comprises two types of representatives: Savaria inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Savaria. The board's role is to monitor Savaria's management team and ensure that shareholders' interests are well served. Savaria'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, Savaria's outside directors are responsible for providing unbiased perspectives on the board's policies.
Marcel BAA, Executive Chairman
Les Teague, Group Care
Charles Rimbert, Vice Development
Clare Brophy, President Accessibility
Stephen Reitknecht, Chief Officer
JeanPhilippe Montigny, Chief Officer
Eric Bishun, Installation Sales
Alexandre Bourassa, President Accessibility
Laureen Cushing, Global Resources
Sylvain Aubry, Chief Legal Officer
Sebastien Bourassa, Vice President - Operation and Integration, Director
Claude Eng, VP Group
Vince Sciamanna, President Ltd

Savaria 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 Savaria 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 Savaria

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

Moving together with Savaria Stock

  0.86CTF-UN Citadel IncomePairCorr
  0.68NVDA NVIDIA CDRPairCorr

Moving against Savaria Stock

  0.67DELX DelphX Capital Markets Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Savaria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Savaria 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 Savaria - 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 Savaria to buy it.
The correlation of Savaria 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 Savaria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Savaria 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 Savaria 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 Savaria Stock

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