John Johnston - Parafin Corp Vice President Director
President
Mr. Johnston, is retired as a real estate developer in 1995. Mr. Johnson formerly designed 18 hole golf course and real estate developments. Mr. Johnston is a former winner of the Canadian Amateur Golf Championship, represented for over fifteen years in international golf and is a member of the British Columbia Hall of Fame. He was a director of the Registrant since October 1986.
| Age | 96 |
| Phone | 213-985-3136 |
| Web | https://www.parafincorp.com |
Parafin Corp Management Efficiency
Parafin Corp's management efficiency ratios could be used to measure how well Parafin Corp manages its routine affairs as well as how well it operates its assets and liabilities. ParaFin Corporation, a development stage company, acquires and explores oil and gas properties in the United States. The company was founded in 1978 and is based in Reno, Nevada. PARAFIN CORP operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. Parafin Corp [PFNO] is a Pink Sheet which is traded between brokers as part of OTC trading.Management Performance
| Return On Equity | -9.0E-4 | |||
| Return On Asset | -4.0E-4 |
Parafin Corp Leadership Team
Elected by the shareholders, the Parafin Corp's board of directors comprises two types of representatives: Parafin Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Parafin. The board's role is to monitor Parafin Corp's management team and ensure that shareholders' interests are well served. Parafin Corp'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, Parafin Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sidney Fowlds, Chairman of the Board and Presidentident | ||
| John Johnston, Vice President Director | ||
| Robert Miller, Financial Director | ||
| Anthony Feimann, Treasurer, Secretary |
Parafin Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Parafin Corp 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 | -9.0E-4 | |||
| Return On Asset | -4.0E-4 | |||
| Operating Margin | (20.38) % | |||
| Current Valuation | 13.63 K | |||
| Price To Sales | 0.39 X | |||
| Revenue | 32.21 K | |||
| Gross Profit | 32.21 K | |||
| Net Income | (1.05 M) | |||
| Debt To Equity | 0 % | |||
| Book Value Per Share | 0.26 X |
Pair Trading with Parafin Corp
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 Parafin Corp 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 Parafin Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Parafin Pink Sheet
| 0.63 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.49 | EOG | EOG Resources | PairCorr |
| 0.36 | CNQ | Canadian Natural Res | PairCorr |
The ability to find closely correlated positions to Parafin Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Parafin Corp 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 Parafin Corp - 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 Parafin Corp to buy it.
The correlation of Parafin Corp 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 Parafin Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parafin 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 Parafin Corp 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 Your Equity Center 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 board of governors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in Parafin Pink Sheet
If you are still planning to invest in Parafin Corp 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 Parafin Corp's history and understand the potential risks before investing.
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