David Kinsella - Hammond Power Chief Officer

HPS-A Stock  CAD 142.00  4.31  3.13%   

Insider

David Kinsella is Chief Officer of Hammond Power Solutions
Address 595 Southgate Drive, Guelph, ON, Canada, N1G 3W6
Phone519 822 2441
Webhttps://www.hammondpowersolutions.com

Hammond Power Management Efficiency

The company has return on total asset (ROA) of 0.1415 % which means that it generated a profit of $0.1415 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2771 %, meaning that it generated $0.2771 on every $100 dollars invested by stockholders. Hammond Power's management efficiency ratios could be used to measure how well Hammond Power manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to 0.17 in 2024. Return On Capital Employed is likely to gain to 0.37 in 2024. Total Current Liabilities is likely to gain to about 173.7 M in 2024. Liabilities And Stockholders Equity is likely to gain to about 428.8 M in 2024
Hammond Power Solutions has accumulated 37.03 M in total debt with debt to equity ratio (D/E) of 37.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hammond Power Solutions has a current ratio of 1.47, which is within standard range for the sector. Debt can assist Hammond Power until it has trouble settling it off, either with new capital or with free cash flow. So, Hammond Power'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 Hammond Power Solutions sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hammond to invest in growth at high rates of return. When we think about Hammond Power's use of debt, we should always consider it together with cash and equity.

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Hammond Power Solutions Inc., together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. Hammond Power Solutions Inc. was founded in 1917 and is headquartered in Guelph, Canada. HAMMOND POWER operates under Electronic Components classification in Canada and is traded on Toronto Stock Exchange. It employs 1360 people. Hammond Power Solutions (HPS-A) is traded on Toronto Exchange in Canada and employs 1,900 people. Hammond Power is listed under Electrical Components & Equipment category by Fama And French industry classification.

Management Performance

Hammond Power Solutions Leadership Team

Elected by the shareholders, the Hammond Power's board of directors comprises two types of representatives: Hammond Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hammond. The board's role is to monitor Hammond Power's management team and ensure that shareholders' interests are well served. Hammond Power'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, Hammond Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
Bob Yusyp, Chief Officer
Richard Vollering, CFO Secretary
Michael Frayne, Director Marketing
Adrian Thomas, CEO Director
David Kinsella, Chief Officer
Catherine McKeown, Chief Officer
William Hammond, Executive Chairman
Dale Sidey, Chief Officer
Paul Gaynor, Chief Officer
John Bailey, Chief Officer
Christopher Huether, Ex officer
Bohdan Yusyp, Executive Officer

Hammond 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 Hammond Power 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 Hammond Power

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 Hammond Power 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 Hammond Power will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Hammond Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hammond Power 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 Hammond Power - 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 Hammond Power Solutions to buy it.
The correlation of Hammond Power 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 Hammond Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hammond Power Solutions 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 Hammond Power 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

Additional Tools for Hammond Stock Analysis

When running Hammond Power's price analysis, check to measure Hammond Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hammond Power is operating at the current time. Most of Hammond Power's value examination focuses on studying past and present price action to predict the probability of Hammond Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Power's price. Additionally, you may evaluate how the addition of Hammond Power to your portfolios can decrease your overall portfolio volatility.