Daniel Scholnick - New Relic Independent Director
| NEWRDelisted Stock | USD 71.64 0.17 0.24% |
Director
Mr. Daniel Scholnick is Independent Director of the Company. Mr. Scholnick served as an Associate at Trinity Ventures, a VC firm, since September 2007, and has served as General Partner since 2010. Prior to that, he worked at SVB Capital, the VC investment arm of SVB Financial Group, from 2004 to 2005, and founded Flurry, Inc., a mobile analytics software company, in 2005 since 2008.
| Age | 42 |
| Tenure | 16 years |
| Professional Marks | MBA |
| Phone | 650 503 6376 |
| Web | https://www.newrelic.com |
New Relic Management Efficiency
The company has return on total asset (ROA) of (0.0339) % which means that it has lost $0.0339 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.3383) %, meaning that it created substantial loss on money invested by shareholders. New Relic's management efficiency ratios could be used to measure how well New Relic manages its routine affairs as well as how well it operates its assets and liabilities.New Relic currently holds 549.36 M in liabilities with Debt to Equity (D/E) ratio of 1.71, which is about average as compared to similar companies. New Relic has a current ratio of 1.07, suggesting that it may not be capable to disburse its financial obligations when due. Note, when we think about New Relic's use of debt, we should always consider it together with its cash and equity.
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Management Performance
| Return On Equity | -0.34 | |||
| Return On Asset | -0.0339 |
New Relic Leadership Team
Elected by the shareholders, the New Relic's board of directors comprises two types of representatives: New Relic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Relic's management team and ensure that shareholders' interests are well served. New Relic'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, New Relic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kristy Friedrichs, Chief Operating Officer | ||
| David Henshall, Independent Director | ||
| Takeshi Numoto, Director | ||
| Caroline WatteeuwCarlisle, Independent Director | ||
| John Siebert, Executive Vice President of Sales - Americas region | ||
| Mark Sachleben, Chief Financial Officer, Corporate Secretary | ||
| Seema Kumar, Chief Marketing Officer | ||
| Lewis Cirne, Chief Executive Officer, Director | ||
| Gregory Ouillon, EMEA Officer | ||
| Anne DelSanto, Independent Director | ||
| Manav Khurana, Chief Growth Officer | ||
| Jay Synder, Ex Officer | ||
| Peter Goldmacher, VP Relations | ||
| Daniel Scholnick, Independent Director | ||
| William Staples, Chief Executive Officer, Director | ||
| Radhakrishnan Mahendran, Independent Director | ||
| Adam Messinger, Independent Director | ||
| Tracy Williams, Chief People and Diversity Officer | ||
| Steve Hurn, Chief Sales Officer | ||
| James Tolonen, Independent Director | ||
| Anita Lynch, Chief Data Officer | ||
| David Barter, Chief Officer | ||
| Thomas Lloyd, Chief Sec | ||
| Hope Cochran, Lead Independent Vice Chairman of the Board | ||
| Michael Christenson, Chief Operating Officer, Director |
New 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 New Relic 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 | -0.34 | |||
| Return On Asset | -0.0339 | |||
| Profit Margin | (0.15) % | |||
| Operating Margin | (0.01) % | |||
| Current Valuation | 5.82 B | |||
| Shares Outstanding | 71.02 M | |||
| Shares Owned By Insiders | 11.40 % | |||
| Shares Owned By Institutions | 84.62 % | |||
| Number Of Shares Shorted | 1.88 M | |||
| Price To Earning | (44.88) X |
Pair Trading with New Relic
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 New Relic 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 New Relic will appreciate offsetting losses from the drop in the long position's value.Moving against New Stock
| 0.46 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.43 | SSNLF | Samsung Electronics | PairCorr |
| 0.42 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.41 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.41 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
The ability to find closely correlated positions to New Relic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Relic 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 New Relic - 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 New Relic to buy it.
The correlation of New Relic 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 New Relic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if New Relic 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 New Relic 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.Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Other Consideration for investing in New Stock
If you are still planning to invest in New Relic check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the New Relic's history and understand the potential risks before investing.
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