Peter Evans - Xtract One CEO Director

XTRA Stock   0.67  0.01  1.47%   

Insider

Peter Evans is CEO Director of Xtract One Technologies
Address 257 Adelaide Street West, Toronto, ON, Canada, M5H 1X9
Phone888 728-1832
Webhttps://xtractone.com

Xtract One Management Efficiency

The company has return on total asset (ROA) of (0.3202) % which means that it has lost $0.3202 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.7707) %, meaning that it generated substantial loss on money invested by shareholders. Xtract One's management efficiency ratios could be used to measure how well Xtract One manages its routine affairs as well as how well it operates its assets and liabilities. As of the 22nd of November 2024, Return On Tangible Assets is likely to drop to -0.57. In addition to that, Return On Capital Employed is likely to drop to -0.69. At this time, Xtract One's Asset Turnover is very stable compared to the past year.

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Xtract One Technologies (XTRA) is traded on Toronto Exchange in Canada and employs 69 people. Xtract One is listed under Application Software category by Fama And French industry classification.

Management Performance

Xtract One Technologies Leadership Team

Elected by the shareholders, the Xtract One's board of directors comprises two types of representatives: Xtract One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Xtract. The board's role is to monitor Xtract One's management team and ensure that shareholders' interests are well served. Xtract One'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, Xtract One's outside directors are responsible for providing unbiased perspectives on the board's policies.
Robert Lex, Senior Operations
Karen Hersh, CFO Secretary
Peter Evans, CEO Director
Joshua Douglas, Senior Engineering

Xtract 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 Xtract One 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 Xtract One

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

Moving together with Xtract Stock

  0.77CTF-UN Citadel IncomePairCorr

Moving against Xtract Stock

  0.58DELX DelphX Capital Markets Earnings Call This WeekPairCorr
The ability to find closely correlated positions to Xtract One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Xtract One 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 Xtract One - 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 Xtract One Technologies to buy it.
The correlation of Xtract One 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 Xtract One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Xtract One Technologies 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 Xtract One 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 Xtract Stock

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