Electra Net Income vs. Working Capital
| ELTR Stock | ILS 139,410 410.00 0.29% |
For Electra profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Electra to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Electra utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Electra's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Electra over time as well as its relative position and ranking within its peers.
Electra |
Electra Working Capital vs. Net Income Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Electra's current stock value. Our valuation model uses many indicators to compare Electra value to that of its competitors to determine the firm's financial worth. Electra is one of the top stocks in net income category among related companies. It is one of the top stocks in working capital category among related companies reporting about 2.42 of Working Capital per Net Income. Comparative valuation analysis is a catch-all model that can be used if you cannot value Electra by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Electra's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. 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's earnings, one of the primary drivers of an investment's value.Electra Working Capital vs. Net Income
Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Electra |
| = | 195.62 M |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Electra |
| = | 473 M |
Working Capital can be positive or negative, depending on how much of current debt the company is carrying on its balance sheet. In general terms, companies that have a lot of working capital will experience more growth in the near future since they can expand and improve their operations using existing resources. On the other hand, companies with small or negative working capital may lack the funds necessary for growth or future operation. Working Capital also shows if the company has sufficient liquid resources to satisfy short-term liabilities and operational expenses.
Electra Working Capital Comparison
Electra is currently under evaluation in working capital category among related companies.
Electra Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Electra, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Electra will eventually generate negative long term returns. The profitability progress is the general direction of Electra's change in net profit over the period of time. It can combine multiple indicators of Electra, 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.
Electra Limited operates as an electromechanical, and construction and infrastructure company in Israel and internationally. Electra Limited was founded in 1945 and is based in Ramat Gan, Israel. ELECTRA LTD operates under Engineering Construction classification in Israel and is traded on Tel Aviv Stock Exchange.
Electra Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Electra. 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 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's important profitability drivers and their relationship over time.
Use Electra 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 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 will appreciate offsetting losses from the drop in the long position's value.Electra Pair Trading
Electra Pair Trading Analysis
The ability to find closely correlated positions to Electra 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 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 - 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 to buy it.
The correlation of Electra 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 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electra 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 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 position
In addition to having Electra 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 Airlines Thematic Idea Now
Airlines
Domestic and international airlines and airline services. The Airlines theme has 38 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 Airlines Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Complementary Tools for Electra Stock analysis
When running Electra's price analysis, check to measure Electra'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 is operating at the current time. Most of Electra's value examination focuses on studying past and present price action to predict the probability of Electra'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's price. Additionally, you may evaluate how the addition of Electra to your portfolios can decrease your overall portfolio volatility.
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To fully project Electra's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Electra 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 Electra's income statement, its balance sheet, and the statement of cash flows.