Eco Innovation Group Stock Filter Stocks by Fundamentals
| ECOX Stock | USD 0.0002 0.0001 33.33% |
Eco Innovation Group fundamentals help investors to digest information that contributes to Eco Innovation's financial success or failures. It also enables traders to predict the movement of Eco Pink Sheet. The fundamental analysis module provides a way to measure Eco Innovation'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 Eco Innovation pink sheet.
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Eco Fundamentals
| Return On Equity | -12.58 | |||
| Return On Asset | -0.53 | |||
| Operating Margin | (1.52) % | |||
| Current Valuation | 867.3 K | |||
| Shares Outstanding | 1.1 B | |||
| Shares Owned By Insiders | 16.42 % | |||
| Price To Earning | 1.04 X | |||
| Price To Sales | 0.49 X | |||
| Revenue | 95.88 K | |||
| Gross Profit | 43.4 K | |||
| EBITDA | (5.93 M) | |||
| Net Income | (6.63 M) | |||
| Cash And Equivalents | 22.46 K | |||
| Total Debt | 758.45 K | |||
| Debt To Equity | 0.21 % | |||
| Current Ratio | 0.09 X | |||
| Book Value Per Share | (0.01) X | |||
| Cash Flow From Operations | (477.09 K) | |||
| Earnings Per Share | (0.05) X | |||
| Beta | 4.92 | |||
| Market Capitalization | 219.26 K | |||
| Total Asset | 373.07 K | |||
| Z Score | -49.5 | |||
| Net Asset | 373.07 K |
About Eco Innovation Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eco Innovation Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eco Innovation using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eco Innovation Group based on its fundamental data. In general, a quantitative approach, as applied to this company, 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.
Pair Trading with Eco Innovation
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 Eco Innovation 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 Eco Innovation will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Eco Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eco Innovation 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 Eco Innovation - 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 Eco Innovation Group to buy it.
The correlation of Eco Innovation 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 Eco Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eco Innovation Group 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 Eco Innovation 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Innovation Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Eco Pink Sheet analysis
When running Eco Innovation's price analysis, check to measure Eco Innovation'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 Eco Innovation is operating at the current time. Most of Eco Innovation's value examination focuses on studying past and present price action to predict the probability of Eco Innovation's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Innovation's price. Additionally, you may evaluate how the addition of Eco Innovation to your portfolios can decrease your overall portfolio volatility.
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