Michael Ottaviano - Carnegie Clean CEO, Managing Director, Executive Director

CWGYF Stock  USD 0.03  0.0005  1.52%   

CEO

Dr. Michael Edward Ottaviano is Chief Executive Officer, Managing Director, Executive Director of Carnegie Wave Energy Limited. He was employed by Carnegie Wave Energy Ltd since 9 January 2006 initially as the General Manager of Technology and Innovation, then as CEO before being made Managing Director in March 2007. Dr. Ottaviano oversees all activities that the Company undertakes including all commercial and technical aspects of the Companys operations, engineering and design, intellectual property and finance and administration. During this time the Company has developed its CETO Wave Energy technology from Proof of Concept, through a Pilot Plant phase and into the initial Commercial Demonstration stages. Dr. Ottaviano has previously worked in research and development and was a divisional manager for a private Australian engineering company. Prior to joining Carnegie Wave Energy Ltd, he was a Senior Manager specialising in Technology and Innovation consulting at a global accounting and advisory firm. He has advised companies on new product development, intellectual property, innovation portfolio management and technology commercialisation across various industries and ranging from startups to ASXlisted companies with market capitalisations in excess of 1 billion. He has also been a Board Member of the Clean Energy Council, Australias clean energy peak industry group, and a member of the Australian Governments Energy White Paper High Level Consultative Committee. He completed his Doctorate in Business Administration in the field of Corporationrationrate Entrepreneurship and Innovation since 2007.
Tenure 17 years
Phone61 8 6168 8400
Webhttps://www.carnegiece.com
Ottaviano has a Bachelor of Engineering, a Masters of Science and a Doctorate in Business Administration.

Carnegie Clean Management Efficiency

The company has return on total asset (ROA) of (0.0667) % which means that it has lost $0.0667 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.1088) %, meaning that it generated substantial loss on money invested by shareholders. Carnegie Clean's management efficiency ratios could be used to measure how well Carnegie Clean manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 167.62 K in total debt with debt to equity ratio (D/E) of 0.01, which may suggest the company is not taking enough advantage from borrowing. Carnegie Clean Energy has a current ratio of 6.59, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Carnegie Clean until it has trouble settling it off, either with new capital or with free cash flow. So, Carnegie Clean's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Carnegie Clean Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Carnegie to invest in growth at high rates of return. When we think about Carnegie Clean's use of debt, we should always consider it together with cash and equity.
Carnegie Clean Energy Limited develops and commercializes the CETO wave energy technology for converting ocean wave energy into zero-emission electricity worldwide. Carnegie Clean Energy Limited was incorporated in 1987 and is headquartered in North Fremantle, Australia. Carnegie Wave operates under UtilitiesRenewable classification in the United States and is traded on OTC Exchange. Carnegie Clean Energy [CWGYF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.

Management Performance

Carnegie Clean Energy Leadership Team

Elected by the shareholders, the Carnegie Clean's board of directors comprises two types of representatives: Carnegie Clean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Carnegie. The board's role is to monitor Carnegie Clean's management team and ensure that shareholders' interests are well served. Carnegie Clean'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, Carnegie Clean's outside directors are responsible for providing unbiased perspectives on the board's policies.
BBus CA, Independent Sec
Grant Mooney, Non-Executive Independent Chairman of the Board, Company Secretary
Greg Allen, COO
Terry Stinson, Non-Executive Chairman of the Board
Aidan Flynn, CFO, Joint Company Secretary
Jonathan BEng, Chief Officer
Jeff Harding, Non-Executive Independent Chairman of the Board
Kieran OBrien, Executive Director - European Business Development
Michael Ottaviano, CEO, Managing Director, Executive Director
John Leggate, Non-Executive Independent Director
Jeffrey Harding, Non-Executive Independent Director
Michael Fitzpatrick, Non-Executive Director
John Davidson, Executive Director
Jonathan Fievez, CEO
Rebecca Cutter, Interim CFO
Mark Woodall, Non-Executive Director

Carnegie Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Carnegie Clean 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.

Pair Trading with Carnegie Clean

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 Carnegie Clean 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 Carnegie Clean will appreciate offsetting losses from the drop in the long position's value.

Moving together with Carnegie OTC Stock

  0.68OEZVF VERBUND AGPairCorr

Moving against Carnegie OTC Stock

  0.7CLPXY China Longyuan PowerPairCorr
  0.69CEG Constellation Energy Corp Financial Report 2nd of May 2024 PairCorr
The ability to find closely correlated positions to Carnegie Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnegie Clean 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 Carnegie Clean - 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 Carnegie Clean Energy to buy it.
The correlation of Carnegie Clean 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 Carnegie Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnegie Clean 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 Carnegie Clean 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.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnegie Clean Energy. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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Please note, there is a significant difference between Carnegie Clean's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnegie Clean is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnegie Clean'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.