Adrian Montgomery - Enthusiast Gaming Interim Board

EGLX Stock  CAD 0.16  0.01  5.88%   

Executive

Adrian Montgomery is Interim Board of Enthusiast Gaming Holdings
Age 50
Address 90 Eglinton Avenue East, Toronto, ON, Canada, M4P 2Y3
Webhttps://www.enthusiastgaming.com

Enthusiast Gaming Management Efficiency

The company has return on total asset (ROA) of (0.0482) % which means that it has lost $0.0482 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.557) %, meaning that it generated substantial loss on money invested by shareholders. Enthusiast Gaming's management efficiency ratios could be used to measure how well Enthusiast Gaming manages its routine affairs as well as how well it operates its assets and liabilities. As of the 15th of December 2024, Return On Tangible Assets is likely to drop to -2.42. In addition to that, Return On Capital Employed is likely to drop to -0.16. At this time, Enthusiast Gaming's Non Current Assets Total are very stable compared to the past year. As of the 15th of December 2024, Non Currrent Assets Other is likely to grow to about 191.2 K, while Total Assets are likely to drop about 214.5 M.
Enthusiast Gaming Holdings has accumulated 23.72 M in total debt with debt to equity ratio (D/E) of 0.04, which may suggest the company is not taking enough advantage from borrowing. Enthusiast Gaming has a current ratio of 0.98, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Enthusiast Gaming until it has trouble settling it off, either with new capital or with free cash flow. So, Enthusiast Gaming'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 Enthusiast Gaming sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Enthusiast to invest in growth at high rates of return. When we think about Enthusiast Gaming's use of debt, we should always consider it together with cash and equity.

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Enthusiast Gaming Holdings Inc. engages in the media, content, entertainment, and esports businesses the United States, Canada, and internationally. The company was incorporated in 2018 and is headquartered in Toronto, Canada. ENTHUSIAST GAMING operates under Internet Content Information classification in Canada and is traded on Toronto Stock Exchange. It employs 220 people. Enthusiast Gaming Holdings (EGLX) is traded on Toronto Exchange in Canada and employs 120 people. Enthusiast Gaming is listed under Interactive Media & Services category by Fama And French industry classification.

Management Performance

Enthusiast Gaming Leadership Team

Elected by the shareholders, the Enthusiast Gaming's board of directors comprises two types of representatives: Enthusiast Gaming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Enthusiast. The board's role is to monitor Enthusiast Gaming's management team and ensure that shareholders' interests are well served. Enthusiast Gaming'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, Enthusiast Gaming's outside directors are responsible for providing unbiased perspectives on the board's policies.
JB Elliott, Senior Counsel
Matt Goodman, Executive Partnerships
Scotty Tidwell, Executive Creators
Corey Mandell, President EGLive
Amanda Rubin, Executive Solutions
Alex Gonzalez, Head Gaming
Felicia DellaFortuna, Chief Officer
Adrian Montgomery, Interim Board
Tara Fournier, Chief Officer
Eric Bernofsky, Chief Officer
Bill Drolet, Chief Officer
Bill Karamouzis, President

Enthusiast 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 Enthusiast Gaming 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 Enthusiast Gaming

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

Enthusiast Gaming financial ratios help investors to determine whether Enthusiast 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 Enthusiast with respect to the benefits of owning Enthusiast Gaming security.