Joseph Romagnolo - Nickel Creek CFO, Senior Vice President - Finance
| NCP Stock | CAD 0.52 0.09 14.75% |
President
Mr. Joseph Romagnolo is Chief Financial Officer, Senior Vice President Finance of the Company. He is a chartered professional accountant and earned his CA designation with PricewaterhouseCoopers. He was most recently with Oceanagold Corporationration and Romarco Minerals Inc. holding the positions of vicepresident and controller, and interim CFO and controller, respectively, during his tenure since 2010. Prior to that, Mr. Romagnolo was corporate controller of Centenario Copper Corporationration Mr. Romagnolo has extensive experience in the mining sector, and in all areas of external financial reporting, budgeting, compliance and implementation of financial reporting systems at all stages of a company growth and development from exploration to construction and operations since 2016.
| Tenure | 8 years |
| Address | 2896 South Sheridan Way, Oakville, ON, Canada, L6J 7T4 |
| Phone | 416 304 9315 |
| Web | https://www.nickelcreekplatinum.com |
Nickel Creek Management Efficiency
The company has return on total asset (ROA) of (0.0286) % which means that it has lost $0.0286 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.0488) %, meaning that it generated substantial loss on money invested by shareholders. Nickel Creek's management efficiency ratios could be used to measure how well Nickel Creek manages its routine affairs as well as how well it operates its assets and liabilities. As of the 11th of December 2024, Return On Tangible Assets is likely to drop to -0.07. In addition to that, Return On Capital Employed is likely to drop to -0.08. At this time, Nickel Creek's Total Assets are very stable compared to the past year. As of the 11th of December 2024, Non Current Assets Total is likely to grow to about 33.7 M, while Total Current Assets are likely to drop about 540 K.Management Performance
| Return On Equity | -0.0488 | |||
| Return On Asset | -0.0286 |
Nickel Creek Platinum Leadership Team
Elected by the shareholders, the Nickel Creek's board of directors comprises two types of representatives: Nickel Creek inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nickel. The board's role is to monitor Nickel Creek's management team and ensure that shareholders' interests are well served. Nickel Creek'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, Nickel Creek's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Romagnolo, CFO, Senior Vice President - Finance | ||
| Eng MA, Consultant Board |
Nickel 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 Nickel Creek 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 | -0.0488 | |||
| Return On Asset | -0.0286 | |||
| Current Valuation | 2.77 M | |||
| Shares Outstanding | 5.61 M | |||
| Shares Owned By Insiders | 1.00 % | |||
| Shares Owned By Institutions | 44.82 % | |||
| Number Of Shares Shorted | 4.04 K | |||
| Price To Book | 0.10 X | |||
| EBITDA | (2.27 M) | |||
| Net Income | (2.38 K) |
Pair Trading with Nickel Creek
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 Nickel Creek 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 Nickel Creek will appreciate offsetting losses from the drop in the long position's value.Moving against Nickel Stock
The ability to find closely correlated positions to Nickel Creek could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nickel Creek 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 Nickel Creek - 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 Nickel Creek Platinum to buy it.
The correlation of Nickel Creek 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 Nickel Creek moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nickel Creek Platinum 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 Nickel Creek 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 Nickel Stock
Nickel Creek financial ratios help investors to determine whether Nickel 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 Nickel with respect to the benefits of owning Nickel Creek security.