Kevin Chen - Edoc Acquisition Chairman CEO
Insider
Kevin Chen is Chairman CEO of Edoc Acquisition Corp
| Age | 46 |
| Phone | 585 678 1198 |
| Web | https://edocmed.net |
Edoc Acquisition Management Efficiency
The company has return on total asset (ROA) of (0.0699) % which means that it has lost $0.0699 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.59) %, meaning that it generated substantial loss on money invested by shareholders. Edoc Acquisition's management efficiency ratios could be used to measure how well Edoc Acquisition manages its routine affairs as well as how well it operates its assets and liabilities.Edoc Acquisition Corp has accumulated 2.21 M in total debt with debt to equity ratio (D/E) of 9.95, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Edoc Acquisition Corp has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Note, when we think about Edoc Acquisition's use of debt, we should always consider it together with its cash and equity.
Edoc Acquisition Corp. does not have significant operations. The company was incorporated in 2020 and is based in Victor, New York. Edoc Acquisition is traded on NASDAQ Exchange in the United States. Edoc Acquisition Corp (ADOCR) is traded on NASDAQ Exchange in USA and employs 2 people. Management Performance
| Return On Equity | -0.59 | |||
| Return On Asset | -0.0699 |
Edoc Acquisition Corp Leadership Team
Elected by the shareholders, the Edoc Acquisition's board of directors comprises two types of representatives: Edoc Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Edoc. The board's role is to monitor Edoc Acquisition's management team and ensure that shareholders' interests are well served. Edoc Acquisition'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, Edoc Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kevin Chen, Chairman CEO | ||
| Bob Ai, CFO Director |
Edoc 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 Edoc Acquisition 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 | -0.59 | |||
| Return On Asset | -0.0699 | |||
| Number Of Shares Shorted | 19.75 K | |||
| EBITDA | (5.14 K) | |||
| Net Income | (7.69 M) | |||
| Cash And Equivalents | 4.1 K | |||
| Total Debt | 2.21 M | |||
| Debt To Equity | 9.95 % | |||
| Current Ratio | 0.02 X | |||
| Book Value Per Share | (1.71) X |
Pair Trading with Edoc Acquisition
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 Edoc Acquisition 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 Edoc Acquisition will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Piedmont Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Piedmont Lithium 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 Piedmont Lithium - 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 Piedmont Lithium Ltd to buy it.
The correlation of Piedmont Lithium 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 Piedmont Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Piedmont Lithium 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 Piedmont Lithium 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.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Stocks Directory module to find actively traded stocks across global markets.
Other Consideration for investing in Edoc Stock
If you are still planning to invest in Edoc Acquisition Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Edoc Acquisition's history and understand the potential risks before investing.
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