EMCORE Total Debt To Capitalization from 2010 to 2024
| EMKR Stock | USD 2.93 0.06 2.01% |
Total Debt To Capitalization | First Reported 2010-12-31 | Previous Quarter 0.3 | Current Value 0.37 | Quarterly Volatility 0.22952211 |
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.
EMCORE | Total Debt To Capitalization |
Latest EMCORE's Total Debt To Capitalization Growth Pattern
Below is the plot of the Total Debt To Capitalization of EMCORE over the last few years. It is EMCORE's Total Debt To Capitalization 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.
| Total Debt To Capitalization | 10 Years Trend |
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Total Debt To Capitalization |
| Timeline |
EMCORE Total Debt To Capitalization Regression Statistics
| Arithmetic Mean | 0.21 | |
| Geometric Mean | 0.13 | |
| Coefficient Of Variation | 110.72 | |
| Mean Deviation | 0.14 | |
| Median | 0.18 | |
| Standard Deviation | 0.23 | |
| Sample Variance | 0.05 | |
| Range | 0.9382 | |
| R-Value | (0.22) | |
| Mean Square Error | 0.05 | |
| R-Squared | 0.05 | |
| Significance | 0.43 | |
| Slope | (0.01) | |
| Total Sum of Squares | 0.74 |
EMCORE Total Debt To Capitalization History
About EMCORE Financial Statements
EMCORE shareholders use historical fundamental indicators, such as Total Debt To Capitalization, 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 Reported | Projected for Next Year | ||
| Total Debt To Capitalization | 0.30 | 0.37 |
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
| 0.69 | EXTR | Extreme Networks | PairCorr |
| 0.89 | HPE | Hewlett Packard Ente Sell-off Trend | PairCorr |
| 0.61 | HPQ | HP Inc | PairCorr |
Moving against EMCORE Stock
| 0.58 | JNPR | Juniper Networks | PairCorr |
| 0.47 | DM | Desktop Metal | PairCorr |
| 0.45 | SMCI | Super Micro Computer Downward Rally | PairCorr |
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.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.