Elvalhalcor Hellenic Shares Outstanding vs. Gross Profit
| ELHA Stock | 1.89 0.04 2.07% |
For Elvalhalcor Hellenic profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Elvalhalcor Hellenic to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Elvalhalcor Hellenic Copper utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Elvalhalcor Hellenic's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Elvalhalcor Hellenic Copper over time as well as its relative position and ranking within its peers.
Elvalhalcor |
Elvalhalcor Hellenic Gross Profit vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Elvalhalcor Hellenic's current stock value. Our valuation model uses many indicators to compare Elvalhalcor Hellenic value to that of its competitors to determine the firm's financial worth. Elvalhalcor Hellenic Copper is one of the top stocks in shares outstanding category among its peers. It also is one of the top stocks in gross profit category among its peers fabricating about 0.63 of Gross Profit per Shares Outstanding. The ratio of Shares Outstanding to Gross Profit for Elvalhalcor Hellenic Copper is roughly 1.60 . 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 Elvalhalcor Hellenic's earnings, one of the primary drivers of an investment's value.Elvalhalcor Gross Profit 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.
Elvalhalcor Hellenic |
| = | 375.24 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.
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.
Elvalhalcor Hellenic |
| = | 234.83 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.
Elvalhalcor Gross Profit Comparison
Elvalhalcor Hellenic is currently under evaluation in gross profit category among its peers.
Elvalhalcor Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Elvalhalcor Hellenic. 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 Elvalhalcor Hellenic 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 Elvalhalcor Hellenic's important profitability drivers and their relationship over time.
Use Elvalhalcor Hellenic 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 Elvalhalcor Hellenic 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 Elvalhalcor Hellenic will appreciate offsetting losses from the drop in the long position's value.Elvalhalcor Hellenic Pair Trading
Elvalhalcor Hellenic Copper Pair Trading Analysis
The ability to find closely correlated positions to Elvalhalcor Hellenic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elvalhalcor Hellenic 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 Elvalhalcor Hellenic - 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 Elvalhalcor Hellenic Copper to buy it.
The correlation of Elvalhalcor Hellenic 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 Elvalhalcor Hellenic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elvalhalcor Hellenic 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 Elvalhalcor Hellenic 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 Elvalhalcor Hellenic position
In addition to having Elvalhalcor Hellenic 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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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Rubber and Plastic Products theme has 27 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 Rubber and Plastic Products Theme or any other thematic opportunities.
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Additional Tools for Elvalhalcor Stock Analysis
When running Elvalhalcor Hellenic's price analysis, check to measure Elvalhalcor Hellenic'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 Elvalhalcor Hellenic is operating at the current time. Most of Elvalhalcor Hellenic's value examination focuses on studying past and present price action to predict the probability of Elvalhalcor Hellenic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elvalhalcor Hellenic's price. Additionally, you may evaluate how the addition of Elvalhalcor Hellenic to your portfolios can decrease your overall portfolio volatility.