Ralph Jong - EcoSynthetix Vice Solutions

ECO Stock  CAD 4.00  0.06  1.52%   

Executive

Ralph Jong is Vice Solutions of EcoSynthetix
Address 3365 Mainway, Burlington, ON, Canada, L7M 1A6
Phone905 335 5669
Webhttps://www.ecosynthetix.com

EcoSynthetix Management Efficiency

The company has return on total asset (ROA) of (0.0579) % which means that it has lost $0.0579 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0429) %, meaning that it generated substantial loss on money invested by shareholders. EcoSynthetix's management efficiency ratios could be used to measure how well EcoSynthetix manages its routine affairs as well as how well it operates its assets and liabilities. As of the 29th of November 2024, Return On Tangible Assets is likely to drop to -0.07. In addition to that, Return On Capital Employed is likely to drop to -0.11. At this time, EcoSynthetix's Intangibles To Total Assets are very stable compared to the past year. As of the 29th of November 2024, Fixed Asset Turnover is likely to grow to 3.36, though Non Currrent Assets Other are likely to grow to (12 M).
EcoSynthetix has accumulated 584.36 K in total debt with debt to equity ratio (D/E) of 2.7, implying the company greatly relies on financing operations through barrowing. EcoSynthetix has a current ratio of 29.92, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist EcoSynthetix until it has trouble settling it off, either with new capital or with free cash flow. So, EcoSynthetix'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 EcoSynthetix sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for EcoSynthetix to invest in growth at high rates of return. When we think about EcoSynthetix's use of debt, we should always consider it together with cash and equity.

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EcoSynthetix Inc., a renewable chemicals company, develops and commercializes bio-based technologies that are used as replacement solutions for synthetic, petrochemical-based adhesives, and other related products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. EcoSynthetix Inc. was founded in 1996 and is headquartered in Burlington, Canada. ECOSYNTHETIX INC operates under Specialty Chemicals classification in Canada and is traded on Toronto Stock Exchange. It employs 30 people. EcoSynthetix (ECO) is traded on Toronto Exchange in Canada and employs 25 people. EcoSynthetix is listed under Specialty Chemicals category by Fama And French industry classification.

Management Performance

EcoSynthetix Leadership Team

Elected by the shareholders, the EcoSynthetix's board of directors comprises two types of representatives: EcoSynthetix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EcoSynthetix. The board's role is to monitor EcoSynthetix's management team and ensure that shareholders' interests are well served. EcoSynthetix'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, EcoSynthetix's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jeffrey MacDonald, CEO and Director
Robert Haire, CFO, Corporate Secretary
Ralph Jong, Vice Solutions
Edward Egdom, Sr. VP of Market Realization and Product Manufacturing

EcoSynthetix 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 EcoSynthetix 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 EcoSynthetix

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

Moving against EcoSynthetix Stock

  0.49JPM JPMorgan ChasePairCorr
  0.43BRK Berkshire Hathaway CDRPairCorr
  0.41BOFA Bank of AmericaPairCorr
The ability to find closely correlated positions to EcoSynthetix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EcoSynthetix 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 EcoSynthetix - 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 EcoSynthetix to buy it.
The correlation of EcoSynthetix 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 EcoSynthetix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EcoSynthetix 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 EcoSynthetix 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 EcoSynthetix Stock

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