Electrocore Shareholders Equity Per Share from 2010 to 2024
| ECOR Stock | USD 5.64 0.05 0.89% |
Shareholders Equity Per Share | First Reported 2010-12-31 | Previous Quarter 1.3494107 | Current Value 1.28 | Quarterly Volatility 11.05079226 |
Check Electrocore LLC financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Electrocore main balance sheet or income statement drivers, such as Net Interest Income of 462 K, Interest Income of 398.5 K or Depreciation And Amortization of 1.3 M, as well as many exotic indicators such as Price To Sales Ratio of 1.94, Dividend Yield of 15.85 or PTB Ratio of 4.63. Electrocore financial statements analysis is a perfect complement when working with Electrocore LLC Valuation or Volatility modules.
Electrocore | Shareholders Equity Per Share |
Latest Electrocore LLC's Shareholders Equity Per Share Growth Pattern
Below is the plot of the Shareholders Equity Per Share of Electrocore LLC over the last few years. It is Electrocore LLC's Shareholders Equity Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Electrocore LLC's overall financial position and show how it may be relating to other accounts over time.
| Shareholders Equity Per Share | 10 Years Trend |
|
Shareholders Equity Per Share |
| Timeline |
Electrocore Shareholders Equity Per Share Regression Statistics
| Arithmetic Mean | 1.64 | |
| Geometric Mean | 5.75 | |
| Coefficient Of Variation | 672.10 | |
| Mean Deviation | 8.01 | |
| Median | (3.42) | |
| Standard Deviation | 11.05 | |
| Sample Variance | 122.12 | |
| Range | 39.724 | |
| R-Value | 0.48 | |
| Mean Square Error | 101.59 | |
| R-Squared | 0.23 | |
| Significance | 0.07 | |
| Slope | 1.18 | |
| Total Sum of Squares | 1,710 |
Electrocore Shareholders Equity Per Share History
About Electrocore LLC Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Electrocore LLC income statement, its balance sheet, and the statement of cash flows. Electrocore LLC investors use historical funamental indicators, such as Electrocore LLC's Shareholders Equity Per Share, to determine how well the company is positioned to perform in the future. Although Electrocore LLC investors may use each financial statement separately, they are all related. The changes in Electrocore LLC's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Electrocore LLC's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Electrocore LLC Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Electrocore LLC. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Shareholders Equity Per Share | 1.35 | 1.28 |
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 Electrocore LLC 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, Electrocore LLC's short interest history, or implied volatility extrapolated from Electrocore LLC options trading.
Pair Trading with Electrocore LLC
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 Electrocore LLC 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 Electrocore LLC will appreciate offsetting losses from the drop in the long position's value.Moving together with Electrocore Stock
| 0.85 | EMBC | Embecta Corp Financial Report 10th of May 2024 | PairCorr |
| 0.71 | AHG | Akso Health Group | PairCorr |
Moving against Electrocore Stock
| 0.82 | GCTK | GlucoTrack | PairCorr |
| 0.61 | ELMD | Electromed | PairCorr |
| 0.51 | ALC | Alcon AG Financial Report 14th of May 2024 | PairCorr |
| 0.5 | BAX | Baxter International Financial Report 25th of April 2024 | PairCorr |
| 0.46 | FEMY | Femasys Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC 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 Electrocore LLC - 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 Electrocore LLC to buy it.
The correlation of Electrocore LLC 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 Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC 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 Electrocore LLC 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 the analysis of Electrocore LLC Correlation against competitors. To learn how to invest in Electrocore Stock, please use our How to Invest in Electrocore LLC guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Electrocore Stock analysis
When running Electrocore LLC's price analysis, check to measure Electrocore LLC'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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.
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Is Electrocore LLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Electrocore LLC. If investors know Electrocore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Electrocore LLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (3.42) | Revenue Per Share 2.907 | Quarterly Revenue Growth 1.028 | Return On Assets (0.58) | Return On Equity (1.54) |
The market value of Electrocore LLC is measured differently than its book value, which is the value of Electrocore that is recorded on the company's balance sheet. Investors also form their own opinion of Electrocore LLC's value that differs from its market value or its book value, called intrinsic value, which is Electrocore LLC'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 Electrocore LLC's market value can be influenced by many factors that don't directly affect Electrocore LLC'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 Electrocore LLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Electrocore LLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electrocore LLC'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.