Bruce Wigle - Automotive Properties Bay Partner

APR-UN Stock  CAD 11.44  0.05  0.44%   

Insider

Bruce Wigle is Bay Partner of Automotive Properties Real
Address 133 King Street East, Toronto, ON, Canada, M5C 1G6
Phone647 789 2440
Webhttps://www.automotivepropertiesreit.ca

Automotive Properties Management Efficiency

The company has return on total asset (ROA) of 0.0378 % which means that it generated a profit of $0.0378 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1173 %, meaning that it generated $0.1173 on every $100 dollars invested by stockholders. Automotive Properties' management efficiency ratios could be used to measure how well Automotive Properties manages its routine affairs as well as how well it operates its assets and liabilities. At present, Automotive Properties' Return On Tangible Assets are projected to slightly decrease based on the last few years of reporting. The current year's Return On Assets is expected to grow to 0.04, whereas Return On Capital Employed is forecasted to decline to 0.05. At present, Automotive Properties' Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Return On Tangible Assets is expected to grow to 0.05, whereas Total Assets are forecasted to decline to about 745.9 M.
Automotive Properties Real has accumulated 535.08 M in total debt with debt to equity ratio (D/E) of 139.6, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Automotive Properties has a current ratio of 1.15, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Automotive Properties until it has trouble settling it off, either with new capital or with free cash flow. So, Automotive Properties' 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 Automotive Properties sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Automotive to invest in growth at high rates of return. When we think about Automotive Properties' use of debt, we should always consider it together with cash and equity.

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Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive dealership real estate properties. AUTOMOTIVE PROPERTIES operates under REIT - Diversified classification in Canada and is traded on Toronto Stock Exchange. Automotive Properties Real (APR-UN) is traded on Toronto Exchange in Canada and employs 2 people. Automotive Properties is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

Automotive Properties Leadership Team

Elected by the shareholders, the Automotive Properties' board of directors comprises two types of representatives: Automotive Properties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Automotive. The board's role is to monitor Automotive Properties' management team and ensure that shareholders' interests are well served. Automotive Properties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Automotive Properties' outside directors are responsible for providing unbiased perspectives on the board's policies.
Bruce Wigle, Bay Partner
Milton Lamb, CEO President

Automotive 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 Automotive Properties 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 Automotive Properties

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

Automotive Properties financial ratios help investors to determine whether Automotive 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 Automotive with respect to the benefits of owning Automotive Properties security.