Ken Hitzig - Accord Financial Chairman
| ACD Stock | CAD 3.73 0.02 0.54% |
Chairman
Mr. Ken Hitzig is the Executive Chairman of the Board of Accord Financial Corporationration Mr. Hitzig founded Accord over 35 years ago and has seen his initial vision grow into a North American factoring and finance company. Mr. Hitzig has a B.Comm from McGill University and has over 45 years experience in the factoring industry. Mr. Hitzig was a director of Accord since March 6, 1992 and is a member of the Companys Compensation Committee. since 2009.
| Tenure | 15 years |
| Address | 40 Eglinton Avenue East, Toronto, ON, Canada, M4P 3A2 |
| Phone | 800 967 0015 |
| Web | https://www.accordfinancial.com |
Accord Financial Management Efficiency
The company has return on total asset (ROA) of (0.0199) % which means that it has lost $0.0199 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1018) %, meaning that it generated substantial loss on money invested by shareholders. Accord Financial's management efficiency ratios could be used to measure how well Accord Financial manages its routine affairs as well as how well it operates its assets and liabilities. As of the 20th of December 2024, Return On Capital Employed is likely to grow to 0.33, though Return On Tangible Assets are likely to grow to (0.03). At this time, Accord Financial's Total Assets are very stable compared to the past year. As of the 20th of December 2024, Non Current Assets Total is likely to grow to about 532.9 M, though Other Current Assets are likely to grow to (453.2 M).Similar Executives
| Found 2 records | CHAIRMAN Age | ||
| Jean Paschini | ADF Group | N/A | |
| Frederick Steiner | Chesswood Group Limited | N/A | |
Management Performance
| Return On Equity | -0.1 | ||||
| Return On Asset | -0.0199 |
Accord Financial Corp Leadership Team
Elected by the shareholders, the Accord Financial's board of directors comprises two types of representatives: Accord Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Accord. The board's role is to monitor Accord Financial's management team and ensure that shareholders' interests are well served. Accord Financial'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, Accord Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Struart Adair, Chief Financial Officer, Senior Vice President, Treasurer | ||
| Jim Bates, Secretary; Chief Operating Officer of Accord Financial Ltd. | ||
| Stikeman Elliott, Legal Counsel | ||
| Terry Keating, Pres Fin | ||
| Fred Moss, Vice-Pres and President of Accord Financial Inc | ||
| Jim Hogan, Accord Finance | ||
| Stephen Warden, Independent Director | ||
| Jason Rosenfeld, President Inc | ||
| Robert Sandler, Independent Director | ||
| Thomas Henderson, CEO and President Director and President of Accord Financial Inc | ||
| James Jang, President Finance | ||
| Irene Eddy, Chief Officer | ||
| Cathy Osborne, Senior Resources | ||
| Karim Habib, Managing Canada | ||
| Joey Grossman, Senior Finance | ||
| Todd Eubanks, Senior Risk | ||
| Cynthia Aboud, Senior Finance | ||
| David Beutel, Independent Director | ||
| Simon Hitzig, VP and President of Accord Financial Ltd and President of Varion Capital Corp | ||
| Matthew Panosian, Senior Finance | ||
| Ken Hitzig, Founder, Executive Chairman and Member of Compensation Committee | ||
| John Swidler, Independent Director | ||
| Jeffry Pfeffer, Pres Fin |
Accord 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 Accord Financial 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 Accord Financial
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 Accord Financial 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 Accord Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Accord Stock
| 0.86 | AMZN | Amazon CDR | PairCorr |
| 0.85 | TSLA | Tesla Inc CDR | PairCorr |
| 0.75 | GOOG | Alphabet CDR | PairCorr |
| 0.68 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.66 | AAPL | Apple Inc CDR | PairCorr |
The ability to find closely correlated positions to Accord Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accord Financial 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 Accord Financial - 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 Accord Financial Corp to buy it.
The correlation of Accord Financial 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 Accord Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accord Financial 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 Accord Financial 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 Accord Stock
Accord Financial financial ratios help investors to determine whether Accord 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 Accord with respect to the benefits of owning Accord Financial security.