Philip Scherman - Mullen Independent Director
| MTL Stock | CAD 15.46 0.10 0.65% |
Director
Mr. Philip J. Scherman is an Independent Director of Mullen Group Ltd. Mr. Scherman is a chartered accountant, who from 1982 to 2012 was an audit partner for both public and private energy and energy service entities of a large accounting firm. He was also the firms Oil and Gas Industry Leader for many years and served on its Board of Directors for two terms. He obtained his Bachelor of Commerce degree from the University of Saskatchewan in 1972. Mr. Scherman is a member of the Canadian and Alberta Institutes of Chartered Accountants and was awarded the Fellow of the Chartered Accountants designation by the Chartered Accountants of Alberta in 2013. since 2014.
| Age | 68 |
| Tenure | 10 years |
| Address | 121A-31 Southridge Drive, Okotoks, AB, Canada, T1S 2N3 |
| Phone | 403 995 5200 |
| Web | https://www.mullen-group.com |
Mullen Management Efficiency
The company has return on total asset (ROA) of 0.0601 % which means that it generated a profit of $0.0601 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.124 %, meaning that it generated $0.124 on every $100 dollars invested by stockholders. Mullen's management efficiency ratios could be used to measure how well Mullen manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Mullen's Return On Tangible Assets are very stable compared to the past year. As of the 2nd of December 2024, Return On Assets is likely to grow to 0.07, while Return On Capital Employed is likely to drop 0.18. At this time, Mullen's Other Current Assets are very stable compared to the past year. As of the 2nd of December 2024, Return On Tangible Assets is likely to grow to 0.09, while Total Assets are likely to drop about 1.4 B.Similar Executives
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Management Performance
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0601 |
Mullen Group Leadership Team
Elected by the shareholders, the Mullen's board of directors comprises two types of representatives: Mullen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mullen. The board's role is to monitor Mullen's management team and ensure that shareholders' interests are well served. Mullen'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, Mullen's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Murray Mullen, Chairman of the Board, President, Chief Executive Officer | ||
| P Clark, Chief Financial Officer | ||
| Joanna Scott, Corporate Secretary and Vice President - Corporate Services | ||
| Christine McGinley, Independent Director | ||
| Stephen CMA, Financial Officer | ||
| David Mullen, Director | ||
| Stephen Lockwood, Independent Director | ||
| Sonia Tibbatts, Lead Independent Director | ||
| Lee Hellyer, Vice Operations | ||
| Carson Urlacher, Corporate Controller | ||
| Richard Maloney, Senior Vice President | ||
| Philip Scherman, Independent Director |
Mullen 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 Mullen 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 | 0.12 | ||||
| Return On Asset | 0.0601 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | 0.12 % | ||||
| Current Valuation | 2.23 B | ||||
| Shares Outstanding | 87.64 M | ||||
| Shares Owned By Insiders | 6.32 % | ||||
| Shares Owned By Institutions | 24.26 % | ||||
| Number Of Shares Shorted | 4.57 M | ||||
| Price To Earning | 15.07 X |
Pair Trading with Mullen
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 Mullen 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 Mullen will appreciate offsetting losses from the drop in the long position's value.Moving against Mullen Stock
| 0.84 | TGO | TeraGo Inc | PairCorr |
| 0.59 | RHC | Royal Helium | PairCorr |
| 0.54 | GPV | GreenPower Motor | PairCorr |
| 0.52 | VGZ | Vista Gold | PairCorr |
The ability to find closely correlated positions to Mullen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mullen 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 Mullen - 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 Mullen Group to buy it.
The correlation of Mullen 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 Mullen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mullen Group 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 Mullen 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 Mullen Stock
Mullen financial ratios help investors to determine whether Mullen 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 Mullen with respect to the benefits of owning Mullen security.