Eco Oil Gross Profit vs. Current Valuation
| ECO Stock | 9.70 0.28 2.81% |
Gross Profit | First Reported 2011-12-31 | Previous Quarter 5 | Current Value 3.2 K | Quarterly Volatility 1.9 M |
For Eco Oil profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Eco Oil to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Eco Oil Gas utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Eco Oil's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Eco Oil Gas over time as well as its relative position and ranking within its peers.
Eco |
Eco Oil Gas Current Valuation vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Eco Oil's current stock value. Our valuation model uses many indicators to compare Eco Oil value to that of its competitors to determine the firm's financial worth. Eco Oil Gas is one of the top stocks in gross profit category among its peers. It also is rated as one of the top companies in current valuation category among its peers . At present, Eco Oil's Gross Profit is projected to increase significantly based on the last few years of reporting. 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 Eco Oil's earnings, one of the primary drivers of an investment's value.Eco Current Valuation vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Eco Oil |
| = | (1.93 M) |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Eco Oil |
| = | 31.68 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Eco Current Valuation vs Competition
Eco Oil Gas is rated as one of the top companies in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Energy industry is currently estimated at about 79.81 Billion. Eco Oil adds roughly 31.68 Million in current valuation claiming only tiny portion of equities under Energy industry.
Eco Oil Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Eco Oil, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Eco Oil will eventually generate negative long term returns. The profitability progress is the general direction of Eco Oil's change in net profit over the period of time. It can combine multiple indicators of Eco Oil, 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.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -647.8 K | -456 | |
| Operating Income | -4.8 M | -39.2 M | |
| Net Loss | -21.1 M | -41.5 M | |
| Income Tax Expense | -536.7 K | 332.6 K | |
| Income Before Tax | -21.7 M | -40.9 M | |
| Total Other Income Expense Net | -16.8 M | -1.7 M | |
| Net Loss | -21.1 M | -40.9 M | |
| Net Loss | -5.9 M | -6.2 M | |
| Net Interest Income | -13.1 K | -18.2 K | |
| Interest Income | 12.4 K | 11.8 K | |
| Change To Netincome | 1.6 M | 2.6 M |
Eco Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Eco Oil. 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 Eco Oil 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 Eco Oil's important profitability drivers and their relationship over time.
Use Eco Oil 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 Eco Oil 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 Eco Oil will appreciate offsetting losses from the drop in the long position's value.Eco Oil Pair Trading
Eco Oil Gas Pair Trading Analysis
The ability to find closely correlated positions to Eco Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eco Oil 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 Eco Oil - 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 Eco Oil Gas to buy it.
The correlation of Eco Oil 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 Eco Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eco Oil Gas 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 Eco Oil 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 Eco Oil position
In addition to having Eco Oil 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?
Run Outsourcing Thematic Idea Now
Outsourcing
Companies involved in providing outsourcing and staffing services to business across different domains. The Outsourcing theme has 32 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Outsourcing Theme or any other thematic opportunities.
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Other Information on Investing in Eco Stock
To fully project Eco Oil's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Eco Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Eco Oil's income statement, its balance sheet, and the statement of cash flows.