Carl Hoyt - Canoe EIT Investment Manager
| EIT-UN Stock | CAD 15.07 0.21 1.37% |
Executive
Carl Hoyt is Investment Manager of Canoe EIT Income
| Address | 421 7th Avenue South West, Calgary, AB, Canada, T2P 4K9 |
| Phone | 800-459-3384 |
| Web | https://www.canoefinancial.com/products/closed-end |
Canoe EIT Management Efficiency
The company has return on total asset (ROA) of 0.099 % which means that it generated a profit of $0.099 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.171 %, meaning that it generated $0.171 on every $100 dollars invested by stockholders. Canoe EIT's management efficiency ratios could be used to measure how well Canoe EIT manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Capital Employed is expected to grow to 0.06, whereas Return On Tangible Assets are forecasted to decline to 0.05. At present, Canoe EIT's Other Assets are projected to decrease significantly based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 0.07, whereas Total Assets are forecasted to decline to about 1.9 B.Similar Executives
| Found 3 records | EXECUTIVE Age | ||
| Barbara Smith | Blue Ribbon Income | N/A | |
| Kaan Oran | Blue Ribbon Income | N/A | |
| Bruce Atchison | Blue Ribbon Income | N/A | |
Management Performance
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.099 |
Canoe EIT Income Management Team
Elected by the shareholders, the Canoe EIT's board of directors comprises two types of representatives: Canoe EIT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canoe. The board's role is to monitor Canoe EIT's management team and ensure that shareholders' interests are well served. Canoe EIT'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, Canoe EIT's outside directors are responsible for providing unbiased perspectives on the board's policies.
| David CA, Vice Corp | ||
| Carl Hoyt, Investment Manager | ||
| Rafi Tahmazian, Senior MD |
Canoe 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 Canoe EIT 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 | 0.17 | ||||
| Return On Asset | 0.099 | ||||
| Profit Margin | 0.87 % | ||||
| Operating Margin | 0.93 % | ||||
| Current Valuation | 2.94 B | ||||
| Shares Outstanding | 177.79 M | ||||
| Shares Owned By Institutions | 0.02 % | ||||
| Number Of Shares Shorted | 7.7 K | ||||
| Price To Earning | 6.16 X | ||||
| Price To Book | 1.06 X |
Pair Trading with Canoe EIT
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 Canoe EIT 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 Canoe EIT will appreciate offsetting losses from the drop in the long position's value.Moving together with Canoe Stock
Moving against Canoe Stock
The ability to find closely correlated positions to Canoe EIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canoe EIT 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 Canoe EIT - 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 Canoe EIT Income to buy it.
The correlation of Canoe EIT 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 Canoe EIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canoe EIT Income 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 Canoe EIT 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 Canoe Stock
Canoe EIT financial ratios help investors to determine whether Canoe 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 Canoe with respect to the benefits of owning Canoe EIT security.