Electric Last Mile Stock Filter Stocks by Fundamentals
Electric Last Mile fundamentals help investors to digest information that contributes to Electric Last's financial success or failures. It also enables traders to predict the movement of Electric OTC Stock. The fundamental analysis module provides a way to measure Electric Last's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Electric Last otc stock.
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Electric Fundamentals
| Current Valuation | (58.08 M) | ||||
| Shares Outstanding | 124.03 M | ||||
| Shares Owned By Insiders | 53.94 % | ||||
| Shares Owned By Institutions | 5.54 % | ||||
| Number Of Shares Shorted | 5.31 M | ||||
| Net Income | (23.19 M) | ||||
| Cash And Equivalents | 143.15 M | ||||
| Cash Per Share | 1.21 X | ||||
| Current Ratio | 3.66 X | ||||
| Book Value Per Share | 2.26 X | ||||
| Cash Flow From Operations | (2.39 M) | ||||
| Short Ratio | 12.72 X | ||||
| Target Price | 15.0 | ||||
| Number Of Employees | 10 | ||||
| Beta | 4.64 | ||||
| Market Capitalization | 8.06 M |
Pair Trading with Electric Last
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 Electric Last 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 Electric Last will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Adobe Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adobe Systems 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 Adobe Systems - 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 Adobe Systems Incorporated to buy it.
The correlation of Adobe Systems 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 Adobe Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adobe Systems 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 Adobe Systems 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Other Consideration for investing in Electric OTC Stock
If you are still planning to invest in Electric Last Mile 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 Electric Last's history and understand the potential risks before investing.
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