Efuture Information Technology Etf Shares Outstanding
| EFUT Etf | 25.74 0.49 1.94% |
eFuture Information Technology fundamentals help investors to digest information that contributes to EFuture Information's financial success or failures. It also enables traders to predict the movement of EFuture Etf. The fundamental analysis module provides a way to measure EFuture Information'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 EFuture Information etf.
EFuture |
eFuture Information Technology ETF Shares Outstanding Analysis
EFuture Information's 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.
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.
| Competition |
Based on the latest financial disclosure, eFuture Information Technology has 0.0 of shares currently outstending. This indicator is about the same for the Software average (which is currently at 0.0) family and about the same as Information Technology (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
EFuture Shares Outstanding Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EFuture Information's direct or indirect competition against its Shares Outstanding to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of EFuture Information could also be used in its relative valuation, which is a method of valuing EFuture Information by comparing valuation metrics of similar companies.EFuture Information is currently under evaluation in shares outstanding as compared to similar ETFs.
EFuture Fundamentals
| Price To Earning | 152.50 X | ||||
| Revenue | 34.73 M | ||||
| Net Income | 1.16 M | ||||
| Cash And Equivalents | 96.65 M | ||||
| Cash Per Share | 1.10 X | ||||
| Total Debt | 7.31 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 1.32 X | ||||
| Cash Flow From Operations | 3.77 M | ||||
| Total Asset | 48.19 M | ||||
| Retained Earnings | (107.91 M) | ||||
| Working Capital | 45.35 M | ||||
| Current Asset | 190.82 M | ||||
| Current Liabilities | 145.47 M | ||||
| Net Asset | 48.19 M |
About EFuture Information Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze eFuture Information Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EFuture Information using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of eFuture Information Technology based on its fundamental data. In general, a quantitative approach, as applied to this etf, 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.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EFuture Information in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EFuture Information's short interest history, or implied volatility extrapolated from EFuture Information options trading.
Pair Trading with EFuture Information
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 EFuture Information 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 EFuture Information will appreciate offsetting losses from the drop in the long position's value.Moving together with EFuture Etf
| 0.88 | WU | Western Union Earnings Call Tomorrow | PairCorr |
Moving against EFuture Etf
| 0.81 | FUBO | FubotvInc Financial Report 3rd of May 2024 | PairCorr |
| 0.48 | XTIA | Inpixon Symbol Change | PairCorr |
| 0.46 | SDIG | Stronghold Digital Mining Trending | PairCorr |
| 0.44 | APLD | Applied Blockchain Buyout Trend | PairCorr |
The ability to find closely correlated positions to EFuture Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EFuture Information 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 EFuture Information - 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 eFuture Information Technology to buy it.
The correlation of EFuture Information 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 EFuture Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eFuture Information 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 EFuture Information 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 EFuture Information Piotroski F Score and EFuture Information Altman Z Score analysis. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
The market value of eFuture Information is measured differently than its book value, which is the value of EFuture that is recorded on the company's balance sheet. Investors also form their own opinion of EFuture Information's value that differs from its market value or its book value, called intrinsic value, which is EFuture Information's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EFuture Information's market value can be influenced by many factors that don't directly affect EFuture Information's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EFuture Information's value and its price as these two are different measures arrived at by different means. Investors typically determine if EFuture Information is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EFuture Information's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.