ECOVE Environment Shares Outstanding vs. Cash Per Share
| 6803 Stock | TWD 284.50 0.50 0.18% |
For ECOVE Environment profitability analysis, we use financial ratios and fundamental drivers that measure the ability of ECOVE Environment to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well ECOVE Environment Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between ECOVE Environment's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of ECOVE Environment Corp over time as well as its relative position and ranking within its peers.
ECOVE |
ECOVE Environment Corp Cash Per Share vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining ECOVE Environment's current stock value. Our valuation model uses many indicators to compare ECOVE Environment value to that of its competitors to determine the firm's financial worth. ECOVE Environment Corp is number one stock in shares outstanding category among its peers. It also is number one stock in cash per share category among its peers . The ratio of Shares Outstanding to Cash Per Share for ECOVE Environment Corp is about 1,935,325 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the ECOVE Environment's earnings, one of the primary drivers of an investment's value.ECOVE Cash Per Share vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
ECOVE Environment |
| = | 69.88 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
ECOVE Environment |
| = | 36.11 X |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
ECOVE Cash Per Share Comparison
ECOVE Environment is currently under evaluation in cash per share category among its peers.
ECOVE Environment Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in ECOVE Environment, profitability is also one of the essential criteria for including it into their portfolios because, without profit, ECOVE Environment will eventually generate negative long term returns. The profitability progress is the general direction of ECOVE Environment's change in net profit over the period of time. It can combine multiple indicators of ECOVE Environment, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
ECOVE Environment Corp. provides resources management services to public and private entities in China, Southeast Asia, India, and the United States of America. ECOVE Environment Corporation is a subsidiary of CTCI Corporation. ECOVE ENVIRONMENT operates under Waste Management classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 988 people.
ECOVE Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on ECOVE Environment. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of ECOVE Environment position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the ECOVE Environment's important profitability drivers and their relationship over time.
Use ECOVE Environment in pair-trading
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 ECOVE Environment 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 ECOVE Environment will appreciate offsetting losses from the drop in the long position's value.ECOVE Environment Pair Trading
ECOVE Environment Corp Pair Trading Analysis
The ability to find closely correlated positions to ECOVE Environment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECOVE Environment 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 ECOVE Environment - 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 ECOVE Environment Corp to buy it.
The correlation of ECOVE Environment 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 ECOVE Environment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECOVE Environment Corp 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 ECOVE Environment 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.Use Investing Themes to Complement your ECOVE Environment position
In addition to having ECOVE Environment in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Tools for ECOVE Stock Analysis
When running ECOVE Environment's price analysis, check to measure ECOVE Environment'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 ECOVE Environment is operating at the current time. Most of ECOVE Environment's value examination focuses on studying past and present price action to predict the probability of ECOVE Environment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECOVE Environment's price. Additionally, you may evaluate how the addition of ECOVE Environment to your portfolios can decrease your overall portfolio volatility.