Daniel Culver - Fonar Director of Communications
| FONR Stock | USD 15.72 0.28 1.81% |
Director
Daniel Culver is Director of Communications of Fonar
| Address | 110 Marcus Drive, Melville, NY, United States, 11747 |
| Phone | 631-694-2929 |
| Web | https://www.fonar.com |
Fonar Management Efficiency
The company has return on total asset (ROA) of 0.0498 % which means that it generated a profit of $0.0498 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0917 %, meaning that it created $0.0917 on every $100 dollars invested by stockholders. Fonar's management efficiency ratios could be used to measure how well Fonar manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Fonar's Return On Tangible Assets are relatively stable compared to the past year. As of 11/13/2024, Return On Assets is likely to grow to 0.05, while Return On Capital Employed is likely to drop 0.08. At this time, Fonar's Return On Assets are relatively stable compared to the past year. As of 11/13/2024, Asset Turnover is likely to grow to 0.81, while Other Assets are likely to drop slightly above 10 M.Similar Executives
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging scanners for the detection and diagnosis of human diseases in the United States. The company was incorporated in 1978 and is based in Melville, New York. Fonar Corp operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 484 people. Fonar (FONR) is traded on NASDAQ Exchange in USA. It is located in 110 Marcus Drive, Melville, NY, United States, 11747 and employs 520 people. Fonar is listed under Health Care Equipment & Supplies category by Fama And French industry classification.Management Performance
| Return On Equity | 0.0917 | ||||
| Return On Asset | 0.0498 |
Fonar Leadership Team
Elected by the shareholders, the Fonar's board of directors comprises two types of representatives: Fonar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fonar. The board's role is to monitor Fonar's management team and ensure that shareholders' interests are well served. Fonar'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, Fonar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Claudette Chan, Secretary, Director | ||
| Timothy MD, President Chairman | ||
| Daniel Culver, Director of Communications | ||
| Timothy Damadian, President CEO | ||
| Luciano Bonanni, COO, Executive Vice President |
Fonar 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 Fonar 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 | 0.0917 | ||||
| Return On Asset | 0.0498 | ||||
| Profit Margin | 0.10 % | ||||
| Operating Margin | 0.05 % | ||||
| Current Valuation | 81.59 M | ||||
| Shares Outstanding | 6.33 M | ||||
| Shares Owned By Insiders | 2.00 % | ||||
| Shares Owned By Institutions | 49.71 % | ||||
| Number Of Shares Shorted | 9.47 K | ||||
| Price To Earning | 12.10 X |
Pair Trading with Fonar
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 Fonar 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 Fonar will appreciate offsetting losses from the drop in the long position's value.Moving together with Fonar Stock
Moving against Fonar Stock
| 0.86 | VMD | Viemed Healthcare | PairCorr |
| 0.74 | LNSR | LENSAR Inc | PairCorr |
| 0.66 | BSX | Boston Scientific Corp | PairCorr |
| 0.45 | CAH | Cardinal Health | PairCorr |
The ability to find closely correlated positions to Fonar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fonar 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 Fonar - 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 Fonar to buy it.
The correlation of Fonar 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 Fonar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fonar 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 Fonar 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.Additional Tools for Fonar Stock Analysis
When running Fonar's price analysis, check to measure Fonar'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 Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.