Kyle Mitton - Maxim Power VP CFO

MXG Stock  CAD 5.16  0.01  0.19%   

Insider

Kyle Mitton is VP CFO of Maxim Power Corp
Address 715 ? 5 Avenue SW, Calgary, AB, Canada, T2P 2X6
Phone403 263 3021
Webhttps://www.maximpowercorp.com

Maxim Power Management Efficiency

The company has return on total asset (ROA) of 0.0629 % which means that it generated a profit of $0.0629 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1398 %, meaning that it generated $0.1398 on every $100 dollars invested by stockholders. Maxim Power's management efficiency ratios could be used to measure how well Maxim Power manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Maxim Power'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 (0.04). At this time, Maxim Power's Other 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 0.07, while Total Assets are likely to drop about 253.7 M.
Maxim Power Corp has accumulated 81.31 M in total debt with debt to equity ratio (D/E) of 0.1, which may suggest the company is not taking enough advantage from borrowing. Maxim Power Corp has a current ratio of 7.41, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Maxim Power until it has trouble settling it off, either with new capital or with free cash flow. So, Maxim 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 Maxim Power Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Maxim to invest in growth at high rates of return. When we think about Maxim Power's use of debt, we should always consider it together with cash and equity.

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Maxim Power Corp., an independent power producer, acquires, develops, owns, and operates power and power related projects in Canada. As of April 04, 2019, the company owned and operated a power plant with 150 megawatts of electric generating capacity in Alberta. MAXIM POWER operates under Utilities - Independent Power Producers classification in Canada and is traded on Toronto Stock Exchange. Maxim Power Corp (MXG) is traded on Toronto Exchange in Canada and employs 44 people. Maxim Power is listed under Independent Power and Renewable Electricity Producers category by Fama And French industry classification.

Management Performance

Maxim Power Corp Leadership Team

Elected by the shareholders, the Maxim Power's board of directors comprises two types of representatives: Maxim Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Maxim. The board's role is to monitor Maxim Power's management team and ensure that shareholders' interests are well served. Maxim 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, Maxim Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
Kim Karran, Corporate Advisor
Kyle Mitton, VP CFO
Robert Emmott, COO, Executive Vice President
Robert Watson, Vice Operations
Kevin Dyck, VP Controller
Bruce PEng, Chairman CEO

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

Moving together with Maxim Stock

  0.72PVF-UN Partners Value InvesPairCorr

Moving against Maxim Stock

  0.9MFC-PC Manulife Finl SrsPairCorr
  0.81SLF-PD Sun Life FinancialPairCorr
  0.8SLF-PC Sun Life FinancialPairCorr
  0.47SLF-PG Sun Life NonPairCorr
The ability to find closely correlated positions to Maxim 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 Maxim 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 Maxim 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 Maxim Power Corp to buy it.
The correlation of Maxim 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 Maxim Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maxim Power Corp 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 Maxim 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

Other Information on Investing in Maxim Stock

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