Jonathan Bush - ModivCare Gen VP

MODV Stock  USD 27.14  0.07  0.26%   

Insider

Jonathan Bush is Gen VP of ModivCare
Age 55
Address 6900 East Layton Avenue, Denver, CO, United States, 80237
Phone303 728 7012
Webhttps://www.modivcare.com

ModivCare Management Efficiency

Return On Tangible Assets is likely to climb to -0.31 in 2024. Return On Capital Employed is likely to drop to 0.03 in 2024. At this time, ModivCare's Total Assets are fairly stable compared to the past year. Other Assets is likely to climb to about 51.9 M in 2024, whereas Deferred Long Term Asset Charges is likely to drop slightly above 4.7 M in 2024. ModivCare's management efficiency ratios could be used to measure how well ModivCare manages its routine affairs as well as how well it operates its assets and liabilities.
ModivCare currently holds 1.14 B in liabilities with Debt to Equity (D/E) ratio of 2.88, implying the company greatly relies on financing operations through barrowing. ModivCare has a current ratio of 0.7, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about ModivCare's use of debt, we should always consider it together with its cash and equity.

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ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado. Modivcare operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. It employs 20200 people. ModivCare (MODV) is traded on NASDAQ Exchange in USA. It is located in 6900 East Layton Avenue, Denver, CO, United States, 80237 and employs 21,200 people. ModivCare is listed under Health Care Providers & Services category by Fama And French industry classification.

Management Performance

ModivCare Leadership Team

Elected by the shareholders, the ModivCare's board of directors comprises two types of representatives: ModivCare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ModivCare. The board's role is to monitor ModivCare's management team and ensure that shareholders' interests are well served. ModivCare'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, ModivCare's outside directors are responsible for providing unbiased perspectives on the board's policies.
CFA CFA, Associate Relations
Jessica Kral, Chief Officer
Heath Sampson, President, CEO
Ilias Simpson, President Mobility
Kenneth Shepard, Chief Mobility
LLM JD, Chief Officer
Walt Meffert, Chief Officer
Henry Toledo, Chief Officer
Barbara CPA, Chief Officer
Kevin Ellich, Head Relations
Kate Zerone, Director Communications
Grover Wray, Chief Officer
Nathan Vaughn, Chief Acquisition
Rebecca Orcutt, Senior Officer
Jonathan Bush, Gen VP

ModivCare 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 ModivCare 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 ModivCare

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

Moving together with ModivCare Stock

  0.75STE STERIS plcPairCorr

Moving against ModivCare Stock

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The ability to find closely correlated positions to ModivCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ModivCare 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 ModivCare - 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 ModivCare to buy it.
The correlation of ModivCare 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 ModivCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ModivCare 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 ModivCare 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

Additional Tools for ModivCare Stock Analysis

When running ModivCare's price analysis, check to measure ModivCare'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 ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.