Endexx Corp Stock Return On Asset

EDXC Stock  USD 0.02  0.01  20.35%   
Endexx Corp fundamentals help investors to digest information that contributes to Endexx Corp's financial success or failures. It also enables traders to predict the movement of Endexx Pink Sheet. The fundamental analysis module provides a way to measure Endexx Corp'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 Endexx Corp pink sheet.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Endexx Return On Asset Analysis

Endexx Corp's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Endexx Corp Return On Asset

    
  -0.6  
Most of Endexx Corp's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Endexx Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Based on the latest financial disclosure, Endexx Corp has a Return On Asset of -0.6018. This is 93.12% lower than that of the Healthcare sector and significantly lower than that of the Drug Manufacturers—Specialty & Generic industry. The return on asset for all United States stocks is notably higher than that of the company.

Endexx Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Endexx Corp's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Endexx Corp could also be used in its relative valuation, which is a method of valuing Endexx Corp by comparing valuation metrics of similar companies.
Endexx Corp is currently under evaluation in return on asset category among related companies.

Endexx Fundamentals

About Endexx Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Endexx Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Endexx Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Endexx Corp 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.
Endexx Corporation engages in the manufacturing and sale of cannabidiol -based products for the health and wellness market. The company was formerly known as CBD Unlimited, Inc. and changed its name to Endexx Corporation in May 2020. Endexx Corp is traded on OTC Exchange in the United States.

Pair Trading with Endexx Corp

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 Endexx Corp 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 Endexx Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Endexx Pink Sheet

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Moving against Endexx Pink Sheet

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The ability to find closely correlated positions to Endexx Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endexx Corp 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 Endexx Corp - 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 Endexx Corp to buy it.
The correlation of Endexx Corp 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 Endexx Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endexx Corp 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 Endexx Corp 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.
Pair CorrelationCorrelation Matching
Check out Endexx Corp Piotroski F Score and Endexx Corp Altman Z Score analysis.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

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When running Endexx Corp's price analysis, check to measure Endexx Corp'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 Endexx Corp is operating at the current time. Most of Endexx Corp's value examination focuses on studying past and present price action to predict the probability of Endexx Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Endexx Corp's price. Additionally, you may evaluate how the addition of Endexx Corp to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Endexx Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Endexx Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Endexx Corp'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.