Pharmd PharmD - TRACON Pharmaceuticals VP Affairs

TCONDelisted Stock  USD 1.60  0.55  52.38%   

Insider

Pharmd PharmD is VP Affairs of TRACON Pharmaceuticals
Phone858 550 0780
Webhttps://www.traconpharma.com

TRACON Pharmaceuticals Management Efficiency

The company has return on total asset (ROA) of (0.1978) % which means that it has lost $0.1978 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (12.7701) %, meaning that it created substantial loss on money invested by shareholders. TRACON Pharmaceuticals' management efficiency ratios could be used to measure how well TRACON Pharmaceuticals manages its routine affairs as well as how well it operates its assets and liabilities.
TRACON Pharmaceuticals currently holds 968 K in liabilities with Debt to Equity (D/E) ratio of 0.35, which is about average as compared to similar companies. TRACON Pharmaceuticals has a current ratio of 1.15, suggesting that it may have difficulties to pay its financial obligations when due. Note, when we think about TRACON Pharmaceuticals' use of debt, we should always consider it together with its cash and equity.

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TRACON Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of therapeutics for cancer in the United States. TRACON Pharmaceuticals, Inc. was incorporated in 2004 and is headquartered in San Diego, California. Tracon Pharma operates under Biotechnology classification in the United States and is traded on NASDAQ Exchange. It employs 19 people. TRACON Pharmaceuticals (TCON) is traded on NASDAQ Exchange in USA. It is located in 4350 La Jolla Village Drive, San Diego, CA, United States, 92122 and employs 17 people. TRACON Pharmaceuticals is listed under Pharmaceutical Products category by Fama And French industry classification.

Management Performance

TRACON Pharmaceuticals Leadership Team

Elected by the shareholders, the TRACON Pharmaceuticals' board of directors comprises two types of representatives: TRACON Pharmaceuticals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TRACON. The board's role is to monitor TRACON Pharmaceuticals' management team and ensure that shareholders' interests are well served. TRACON Pharmaceuticals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TRACON Pharmaceuticals' outside directors are responsible for providing unbiased perspectives on the board's policies.
Shahe Garabedian, Senior Assurance
Pharmd PharmD, VP Affairs
Bonne Adams, Senior Vice President - Clinical Operations
Ya Huang, Executive Programming
James Freddo, Chief Officer
MS CPA, Chief Officer

TRACON 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 TRACON Pharmaceuticals 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 TRACON Pharmaceuticals

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

Moving together with TRACON Stock

  0.76VALN Valneva SE ADRPairCorr

Moving against TRACON Stock

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The ability to find closely correlated positions to TRACON Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TRACON Pharmaceuticals 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 TRACON Pharmaceuticals - 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 TRACON Pharmaceuticals to buy it.
The correlation of TRACON Pharmaceuticals 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 TRACON Pharmaceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TRACON Pharmaceuticals 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 TRACON Pharmaceuticals 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
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Other Consideration for investing in TRACON Stock

If you are still planning to invest in TRACON Pharmaceuticals check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the TRACON Pharmaceuticals' history and understand the potential risks before investing.
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