Robert McDermott - Canadian Solar Lead Independent Director
| CSIQ Stock | USD 14.87 0.10 0.67% |
Director
Mr. Robert McDermott is Lead Independent Director of Canadian Solar Inc. He has served as lead independent director of our company since August 2006. Mr. McDermott is a corporate director and consultant. Before July 2011, he was a partner with McMillan LLP, a business law firm based in Canada, where he practiced business law, with an emphasis on mergers and acquisitions, securities and corporate finance, and advised boards and special committees of public companies on corporate governance matters. He is now a counsel to the firm since 2006.
| Age | 74 |
| Tenure | 18 years |
| Address | 545 Speedvale Avenue West, Guelph, ON, Canada, N1K 1E6 |
| Phone | 519 837 1881 |
| Web | https://www.canadiansolar.com |
Robert McDermott Latest Insider Activity
Tracking and analyzing the buying and selling activities of Robert McDermott against Canadian Solar stock is an integral part of due diligence when investing in Canadian Solar. Robert McDermott insider activity provides valuable insight into whether Canadian Solar is net buyers or sellers over its current business cycle. Note, Canadian Solar insiders must abide by specific rules, including filing SEC forms every time they buy or sell Canadian Solar'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Robert McDermott over a week ago Acquisition by Robert McDermott of 4673 shares of ICoreConnect Common subject to Rule 16b-3 |
Canadian Solar Management Efficiency
The company has return on total asset (ROA) of 0.0271 % which means that it generated a profit of $0.0271 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.121 %, meaning that it created $0.121 on every $100 dollars invested by stockholders. Canadian Solar's management efficiency ratios could be used to measure how well Canadian Solar manages its routine affairs as well as how well it operates its assets and liabilities. As of 04/24/2024, Return On Equity is likely to grow to 0.15, while Return On Tangible Assets are likely to drop 0.02. At this time, Canadian Solar's Liabilities And Stockholders Equity is relatively stable compared to the past year. As of 04/24/2024, Total Current Liabilities is likely to grow to about 6.2 B, while Non Current Liabilities Other is likely to drop slightly above 220.6 M.Similar Executives
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Management Performance
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0271 |
Canadian Solar Leadership Team
Elected by the shareholders, the Canadian Solar's board of directors comprises two types of representatives: Canadian Solar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canadian. The board's role is to monitor Canadian Solar's management team and ensure that shareholders' interests are well served. Canadian Solar'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, Canadian Solar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ty Daulhas, Group Vice President Americas | ||
| CFA MSc, Managing Relations | ||
| Xiaohua Qu, Chairman of the Board and Presidentident, CEO | ||
| Harry Ruda, Independent Director | ||
| LarsEric Johansson, Independent Director | ||
| Yan Zhuang, Chief Commercial Officer and Sr. VP | ||
| Luen Wong, Independent Director | ||
| Huifeng Chang, CFO, Senior Vice President | ||
| Ed Job, Director - Investor Relations | ||
| Guoqiang Xing, Senior Vice President CTO | ||
| Guangchun Zhang, COO | ||
| Zhang Zhang, Director Analysis | ||
| Jianyi Zhang, Senior Vice President Chief Compliance Officer, General Counsel | ||
| Kah Tham, Corporate Controller | ||
| Michael Potter, CFO and Sr. VP | ||
| Mary Ma, Senior Supervisor, Investor Relations | ||
| Robert McDermott, Lead Independent Director | ||
| Julie Ungerleider, Managing Group | ||
| Ismael Arias, Chief Energy | ||
| Arthur Chien, Senior Vice President Chief Strategy Officer and President of Energy Business | ||
| Jeffrey Kalikow, Interim Officer | ||
| Arthur Wong, Independent Director | ||
| Wina Huang, Head Relations | ||
| MSc CFA, Managing Relations |
Canadian 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 Canadian Solar 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 | 0.12 | ||||
| Return On Asset | 0.0271 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.0003 % | ||||
| Current Valuation | 3.79 B | ||||
| Shares Outstanding | 64.65 M | ||||
| Shares Owned By Insiders | 29.60 % | ||||
| Shares Owned By Institutions | 58.55 % | ||||
| Number Of Shares Shorted | 6.84 M | ||||
| Price To Earning | 14.22 X |
Canadian Solar Investors Sentiment
The influence of Canadian Solar's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Canadian. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Canadian Solar's public news can be used to forecast risks associated with an investment in Canadian. The trend in average sentiment can be used to explain how an investor holding Canadian can time the market purely based on public headlines and social activities around Canadian Solar. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Canadian Solar's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Canadian Solar's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Canadian Solar's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Canadian Solar.
Canadian Solar Implied Volatility | 95.59 |
Canadian Solar's implied volatility exposes the market's sentiment of Canadian Solar stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canadian Solar's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canadian Solar stock will not fluctuate a lot when Canadian Solar's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Canadian Solar in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Canadian Solar's short interest history, or implied volatility extrapolated from Canadian Solar options trading.
Pair Trading with Canadian Solar
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 Canadian Solar 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 Canadian Solar will appreciate offsetting losses from the drop in the long position's value.Moving together with Canadian Stock
| 0.88 | MX | MagnaChip Semiconductor Financial Report 1st of May 2024 | PairCorr |
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Moving against Canadian Stock
| 0.82 | GDDY | Godaddy Financial Report 2nd of May 2024 | PairCorr |
| 0.48 | SQ | Block Inc Aggressive Push | PairCorr |
The ability to find closely correlated positions to Canadian Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Solar 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 Canadian Solar - 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 Canadian Solar to buy it.
The correlation of Canadian Solar 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 Canadian Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Solar 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 Canadian Solar 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Canadian Stock, please use our How to Invest in Canadian Solar guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Canadian Stock analysis
When running Canadian Solar's price analysis, check to measure Canadian Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Solar is operating at the current time. Most of Canadian Solar's value examination focuses on studying past and present price action to predict the probability of Canadian Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Solar's price. Additionally, you may evaluate how the addition of Canadian Solar to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Solar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Solar. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share 4.99 | Revenue Per Share 116.461 | Quarterly Revenue Growth (0.14) | Return On Assets 0.0271 |
The market value of Canadian Solar is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Solar's value that differs from its market value or its book value, called intrinsic value, which is Canadian Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Solar's market value can be influenced by many factors that don't directly affect Canadian Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.