Electra Battery Book Value Per Share vs. Beta
| ELBM Stock | 0.54 0.05 8.47% |
Book Value Per Share | First Reported 2010-12-31 | Previous Quarter 1.91794096 | Current Value 1.32 | Quarterly Volatility 1.80439801 |
For Electra Battery profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Electra Battery to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Electra Battery Materials utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Electra Battery's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Electra Battery Materials over time as well as its relative position and ranking within its peers.
Electra |
Electra Battery Materials Beta vs. Book Value Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Electra Battery's current stock value. Our valuation model uses many indicators to compare Electra Battery value to that of its competitors to determine the firm's financial worth. Electra Battery Materials is rated # 2 in book value per share category among its peers. It is rated # 3 in beta category among its peers totaling about 1.31 of Beta per Book Value Per Share. At this time, Electra Battery's Book Value Per Share is fairly stable compared to the past year. 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 Electra Battery's earnings, one of the primary drivers of an investment's value.Electra Beta vs. Book Value Per Share
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Electra Battery |
| = | 1.49 X |
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Electra Battery |
| = | 1.95 |
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Electra Beta Comparison
Electra Battery is currently under evaluation in beta category among its peers.
Beta Analysis
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Electra Battery will likely underperform.
Electra Battery Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Electra Battery, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Electra Battery will eventually generate negative long term returns. The profitability progress is the general direction of Electra Battery's change in net profit over the period of time. It can combine multiple indicators of Electra Battery, 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 | ||
| Net Income Applicable To Common Shares | 14.4 M | 15.2 M | |
| Net Interest Income | -8.1 M | -7.7 M | |
| Interest Income | 377.2 K | 301 K | |
| Operating Income | -14 M | -14.7 M | |
| Net Loss | -64.7 M | -67.9 M | |
| Income Before Tax | -64.7 M | -67.9 M | |
| Total Other Income Expense Net | -42.5 M | -44.7 M | |
| Net Loss | -64.7 M | -61.4 M | |
| Change To Netincome | -24.6 M | -23.4 M | |
| Income Quality | 356.39 | 374.20 |
Electra Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Electra Battery. 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 Electra Battery 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 Electra Battery's important profitability drivers and their relationship over time.
Use Electra Battery 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 Electra Battery 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 Electra Battery will appreciate offsetting losses from the drop in the long position's value.Electra Battery Pair Trading
Electra Battery Materials Pair Trading Analysis
The ability to find closely correlated positions to Electra Battery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electra Battery 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 Electra Battery - 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 Electra Battery Materials to buy it.
The correlation of Electra Battery 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 Electra Battery moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electra Battery Materials 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 Electra Battery 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 Electra Battery position
In addition to having Electra Battery 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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Apparel
Companies manufacturing textile accessories and apparel products. The Apparel theme has 42 constituents at this time.
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Additional Tools for Electra Stock Analysis
When running Electra Battery's price analysis, check to measure Electra Battery'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 Electra Battery is operating at the current time. Most of Electra Battery's value examination focuses on studying past and present price action to predict the probability of Electra Battery's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electra Battery's price. Additionally, you may evaluate how the addition of Electra Battery to your portfolios can decrease your overall portfolio volatility.