EMCORE Return On Capital Employed from 2010 to 2024

EMKR Stock  USD 3.05  0.01  0.33%   
EMCORE Return On Capital Employed yearly trend continues to be relatively stable with very little volatility. Return On Capital Employed is likely to grow to -0.36 this year. During the period from 2010 to 2024, EMCORE Return On Capital Employed destribution of quarterly values had r-value of (0.22) from its regression line and median of (0.16). View All Fundamentals
 
Return On Capital Employed  
First Reported
2010-12-31
Previous Quarter
(0.38)
Current Value
(0.36)
Quarterly Volatility
0.1928117
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check EMCORE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EMCORE's main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.4 M, Interest Expense of 771.9 K or Total Revenue of 135.5 M, as well as many indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.025 or PTB Ratio of 0.33. EMCORE financial statements analysis is a perfect complement when working with EMCORE Valuation or Volatility modules.
  
Check out the analysis of EMCORE Correlation against competitors.
To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.

Latest EMCORE's Return On Capital Employed Growth Pattern

Below is the plot of the Return On Capital Employed of EMCORE over the last few years. It is EMCORE's Return On Capital Employed historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EMCORE's overall financial position and show how it may be relating to other accounts over time.
Return On Capital Employed10 Years Trend
Pretty Stable
   Return On Capital Employed   
       Timeline  

EMCORE Return On Capital Employed Regression Statistics

Arithmetic Mean(0.19)
Coefficient Of Variation(102.76)
Mean Deviation0.17
Median(0.16)
Standard Deviation0.19
Sample Variance0.04
Range0.5253
R-Value(0.22)
Mean Square Error0.04
R-Squared0.05
Significance0.44
Slope(0.01)
Total Sum of Squares0.52

EMCORE Return On Capital Employed History

2024 -0.36
2023 -0.38
2022 -0.42
2021 -0.14
2020 0.06
2019 -0.0959
2018 -0.46

About EMCORE Financial Statements

EMCORE shareholders use historical fundamental indicators, such as Return On Capital Employed, to determine how well the company is positioned to perform in the future. Although EMCORE investors may analyze each financial statement separately, they are all interrelated. The changes in EMCORE's assets and liabilities, for example, are also reflected in the revenues and expenses on on EMCORE's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Return On Capital Employed(0.38)(0.36)

Pair Trading with EMCORE

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

Moving together with EMCORE Stock

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Moving against EMCORE Stock

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

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