Ronald Hinsley - Fortis 1St Chief VP

FTS-PF Preferred Stock  CAD 21.00  0.02  0.1%   

Insider

Ronald Hinsley is Chief VP of Fortis 1St Cum
Phone709 737 2800
Webhttps://www.fortisinc.com

Fortis 1St Management Efficiency

The company has return on total asset (ROA) of 0.029 % which means that it generated a profit of $0.029 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0692 %, meaning that it generated $0.0692 on every $100 dollars invested by stockholders. Fortis 1St's management efficiency ratios could be used to measure how well Fortis 1St manages its routine affairs as well as how well it operates its assets and liabilities.
Fortis 1St Cum has accumulated 25.93 B in total debt with debt to equity ratio (D/E) of 125.0, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Fortis 1St Cum has a current ratio of 0.61, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Fortis 1St until it has trouble settling it off, either with new capital or with free cash flow. So, Fortis 1St'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 Fortis 1St Cum sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Fortis to invest in growth at high rates of return. When we think about Fortis 1St's use of debt, we should always consider it together with cash and equity.

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Fortis Inc. operates as an electric and gas utility company in Canada, the United States, and the Caribbean. It also owns and operates transmission and distribution lines and natural gas pipelines. FORTIS INC operates under Utilities - Regulated Electric classification in Canada and is traded on Toronto Stock Exchange. It employs 8800 people. Fortis 1St Cum (FTS-PF) is traded on Toronto Exchange in Canada and employs 9,242 people.

Management Performance

Fortis 1St Cum Leadership Team

Elected by the shareholders, the Fortis 1St's board of directors comprises two types of representatives: Fortis 1St inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortis. The board's role is to monitor Fortis 1St's management team and ensure that shareholders' interests are well served. Fortis 1St'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, Fortis 1St's outside directors are responsible for providing unbiased perspectives on the board's policies.
Gary Smith, Ex Innovation
Susan Gray, Ex Operations
Jocelyn Perry, Ex CFO
Stephanie Amaimo, VP Relations
Ronald Hinsley, Chief VP
Regan ODea, VP Counsel
David Hutchens, CEO Pres
Kevin Woodbury, VP Technology
MEd BPR, VP Affairs
James Reid, Ex Officer

Fortis Preferred Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is Fortis 1St 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 Fortis 1St

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 Fortis 1St 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 Fortis 1St will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fortis Preferred Stock

  0.93FTS-PJ Fortis Srs JPairCorr
  0.65CUP-U Caribbean UtilitiesPairCorr

Moving against Fortis Preferred Stock

  0.83LQWD LQwD FinTech CorpPairCorr
  0.49ERC Eros Resources CorpPairCorr
The ability to find closely correlated positions to Fortis 1St could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortis 1St 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 Fortis 1St - 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 Fortis 1St Cum to buy it.
The correlation of Fortis 1St 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 Fortis 1St moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortis 1St Cum 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 Fortis 1St 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 Fortis Preferred Stock

Fortis 1St financial ratios help investors to determine whether Fortis Preferred 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 Fortis with respect to the benefits of owning Fortis 1St security.