Elco Stock Current Ratio
| ELCO Stock | ILS 11,510 70.00 0.60% |
Elco fundamentals help investors to digest information that contributes to Elco's financial success or failures. It also enables traders to predict the movement of Elco Stock. The fundamental analysis module provides a way to measure Elco'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 Elco stock.
Elco |
Elco Company Current Ratio Analysis
Elco's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Elco Current Ratio | 1.19 X |
Most of Elco's fundamental indicators, such as Current Ratio, 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, Elco is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
In accordance with the recently published financial statements, Elco has a Current Ratio of 1.19 times. This is 42.23% lower than that of the Construction & Engineering sector and 81.78% lower than that of the Industrials industry. The current ratio for all Israel stocks is 44.91% higher than that of the company.
Elco Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elco's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elco could also be used in its relative valuation, which is a method of valuing Elco by comparing valuation metrics of similar companies.Elco is currently under evaluation in current ratio category among related companies.
Elco Fundamentals
| Return On Equity | 0.26 | |||
| Return On Asset | 0.0576 | |||
| Profit Margin | 0.04 % | |||
| Operating Margin | 0.11 % | |||
| Current Valuation | 12.9 B | |||
| Shares Outstanding | 27.13 M | |||
| Shares Owned By Insiders | 66.00 % | |||
| Shares Owned By Institutions | 14.60 % | |||
| Price To Book | 1.76 X | |||
| Price To Sales | 0.27 X | |||
| Revenue | 14.82 B | |||
| Gross Profit | 2.96 B | |||
| EBITDA | 1.9 B | |||
| Net Income | 544.62 M | |||
| Cash And Equivalents | 801.72 M | |||
| Cash Per Share | 29.38 X | |||
| Total Debt | 3.99 B | |||
| Debt To Equity | 161.10 % | |||
| Current Ratio | 1.19 X | |||
| Book Value Per Share | 29.27 X | |||
| Cash Flow From Operations | (144.7 M) | |||
| Earnings Per Share | 30.21 X | |||
| Number Of Employees | 14.03 K | |||
| Beta | 0.16 | |||
| Market Capitalization | 4.23 B | |||
| Total Asset | 19.04 B | |||
| Retained Earnings | 1.45 B | |||
| Working Capital | 1.25 B | |||
| Current Asset | 4.43 B | |||
| Current Liabilities | 3.18 B | |||
| Z Score | 0.6 | |||
| Annual Yield | 0.02 % | |||
| Five Year Return | 1.35 % | |||
| Net Asset | 19.04 B | |||
| Last Dividend Paid | 1.45 |
About Elco Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elco's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elco using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elco 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.
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 Elco 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, Elco's short interest history, or implied volatility extrapolated from Elco options trading.
Pair Trading with Elco
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 Elco 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 Elco will appreciate offsetting losses from the drop in the long position's value.Moving together with Elco Stock
| 0.76 | ICL | ICL Israel Chemicals | PairCorr |
| 0.7 | AZRG | Azrieli Group | PairCorr |
| 0.62 | NICE | Nice | PairCorr |
| 0.77 | BIG | Big Shopping Centers | PairCorr |
The ability to find closely correlated positions to Elco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elco 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 Elco - 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 Elco to buy it.
The correlation of Elco 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 Elco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elco 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 Elco 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 Elco. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Elco Stock analysis
When running Elco's price analysis, check to measure Elco'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 Elco is operating at the current time. Most of Elco's value examination focuses on studying past and present price action to predict the probability of Elco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elco's price. Additionally, you may evaluate how the addition of Elco to your portfolios can decrease your overall portfolio volatility.
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