Emcore Stock Return On Equity
| EMKRDelisted Stock | USD 3.10 0.01 0.32% |
EMCORE fundamentals help investors to digest information that contributes to EMCORE's financial success or failures. It also enables traders to predict the movement of EMCORE Stock. The fundamental analysis module provides a way to measure EMCORE'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 EMCORE stock.
EMCORE |
EMCORE Company Return On Equity Analysis
EMCORE's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current EMCORE Return On Equity | -0.46 |
Most of EMCORE's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, EMCORE is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, EMCORE has a Return On Equity of -0.4635. This is 96.15% lower than that of the Communications Equipment sector and 126.04% lower than that of the Information Technology industry. The return on equity for all United States stocks is 49.52% higher than that of the company.
EMCORE Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EMCORE's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EMCORE could also be used in its relative valuation, which is a method of valuing EMCORE by comparing valuation metrics of similar companies.EMCORE is currently under evaluation in return on equity category among its peers.
EMCORE Fundamentals
| Return On Equity | -0.46 | ||||
| Return On Asset | -0.0816 | ||||
| Profit Margin | (0.38) % | ||||
| Operating Margin | (0.13) % | ||||
| Current Valuation | 39.77 M | ||||
| Shares Outstanding | 9.08 M | ||||
| Shares Owned By Insiders | 21.82 % | ||||
| Shares Owned By Institutions | 26.42 % | ||||
| Number Of Shares Shorted | 21.67 K | ||||
| Price To Earning | 2.76 X | ||||
| Price To Book | 0.62 X | ||||
| Price To Sales | 0.35 X | ||||
| Revenue | 85.9 M | ||||
| Gross Profit | 19 M | ||||
| EBITDA | (26.85 M) | ||||
| Net Income | (26.85 M) | ||||
| Cash And Equivalents | 74.61 M | ||||
| Cash Per Share | 1.99 X | ||||
| Total Debt | 20.91 M | ||||
| Debt To Equity | 0.16 % | ||||
| Current Ratio | 3.95 X | ||||
| Book Value Per Share | 4.97 X | ||||
| Cash Flow From Operations | (5.31 M) | ||||
| Short Ratio | 0.15 X | ||||
| Earnings Per Share | (3.09) X | ||||
| Price To Earnings To Growth | 1.08 X | ||||
| Target Price | 3.1 | ||||
| Number Of Employees | 188 | ||||
| Beta | 1.72 | ||||
| Market Capitalization | 28.11 M | ||||
| Total Asset | 93.91 M | ||||
| Retained Earnings | (728.7 M) | ||||
| Working Capital | 36.55 M | ||||
| Current Asset | 111.22 M | ||||
| Current Liabilities | 18.26 M | ||||
| Net Asset | 93.91 M |
About EMCORE Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EMCORE's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EMCORE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EMCORE based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 against EMCORE Stock
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.Check out Investing Opportunities 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 industry. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Other Consideration for investing in EMCORE Stock
If you are still planning to invest in EMCORE 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 EMCORE's history and understand the potential risks before investing.
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