Nicolo Bedendo - True North CEO, Director
| TNEN Stock | USD 0.0001 0.00 0.00% |
CEO
Nicolo Bedendo is CEO, Director of True North Energy since 2016.
| Tenure | 8 years |
| Phone | 281-719-1996 |
| Web | https://www.tnencorp.com |
True North Management Efficiency
The company has return on total asset (ROA) of (0.0782) % which means that it has lost $0.0782 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.3698) %, meaning that it created substantial loss on money invested by shareholders. True North's management efficiency ratios could be used to measure how well True North manages its routine affairs as well as how well it operates its assets and liabilities.Management Performance
| Return On Equity | -1.37 | |||
| Return On Asset | -0.0782 |
True 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 True North 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 | -1.37 | |||
| Return On Asset | -0.0782 | |||
| Profit Margin | (1.30) % | |||
| Operating Margin | (0.45) % | |||
| Current Valuation | 912.45 K | |||
| Price To Book | 1.46 X | |||
| Price To Sales | 0.45 X | |||
| Revenue | 151 | |||
| Gross Profit | 692.31 K | |||
| EBITDA | 164.66 K |
Pair Trading with True North
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 True North 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 True North will appreciate offsetting losses from the drop in the long position's value.Moving against True Pink Sheet
The ability to find closely correlated positions to True North could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace True North 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 True North - 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 True North Energy to buy it.
The correlation of True North 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 True North moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if True North Energy 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 True North 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 True Pink Sheet
True North financial ratios help investors to determine whether True Pink Sheet 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 True with respect to the benefits of owning True North security.