El Mor Electric Installation Stock Beta
ELMR Stock | 1,037 1.00 0.1% |
El Mor Electric Installation fundamentals help investors to digest information that contributes to El Mor's financial success or failures. It also enables traders to predict the movement of ELMR Stock. The fundamental analysis module provides a way to measure El Mor'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 El Mor stock.
ELMR |
El Mor Electric Installation Company Beta Analysis
El Mor's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current El Mor Beta | 0.9 |
Most of El Mor's fundamental indicators, such as Beta, 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, El Mor Electric Installation is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
Competition |
In accordance with the recently published financial statements, El Mor Electric Installation has a Beta of 0.9043. This is 33.99% lower than that of the Construction & Engineering sector and 15.49% lower than that of the Industrials industry. The beta for all Israel stocks is notably lower than that of the firm.
ELMR Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses El Mor's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of El Mor could also be used in its relative valuation, which is a method of valuing El Mor by comparing valuation metrics of similar companies.El Mor is currently under evaluation in beta category among related companies.
El Mor returns are very sensitive to returns on the market. As the market goes up or down, El Mor is expected to follow.
ELMR Fundamentals
Return On Equity | 0.35 | |||
Return On Asset | 0.0632 | |||
Profit Margin | 0.14 % | |||
Operating Margin | 0.08 % | |||
Current Valuation | 316.88 M | |||
Shares Outstanding | 35.88 M | |||
Shares Owned By Insiders | 70.44 % | |||
Price To Earning | 918.85 X | |||
Price To Sales | 0.78 X | |||
Revenue | 468.84 M | |||
Gross Profit | 58.94 M | |||
EBITDA | 46.09 M | |||
Net Income | 62.62 M | |||
Cash And Equivalents | 24.29 M | |||
Cash Per Share | 0.81 X | |||
Total Debt | 7.09 M | |||
Debt To Equity | 6.10 % | |||
Current Ratio | 1.44 X | |||
Book Value Per Share | 6.36 X | |||
Cash Flow From Operations | 25.73 M | |||
Earnings Per Share | 1.93 X | |||
Number Of Employees | 484 | |||
Beta | 0.9 | |||
Market Capitalization | 371.39 M | |||
Z Score | 31.2 | |||
Annual Yield | 0.05 % | |||
Last Dividend Paid | 0.42 |
About El Mor Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze El Mor Electric Installation's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of El Mor using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of El Mor Electric Installation 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 El Mor
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 El Mor 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 El Mor will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to El Mor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace El Mor 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 El Mor - 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 El Mor Electric Installation to buy it.
The correlation of El Mor 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 El Mor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if El Mor Electric 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 El Mor 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 El Mor Electric Installation. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for ELMR Stock analysis
When running El Mor's price analysis, check to measure El Mor'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 El Mor is operating at the current time. Most of El Mor's value examination focuses on studying past and present price action to predict the probability of El Mor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move El Mor's price. Additionally, you may evaluate how the addition of El Mor to your portfolios can decrease your overall portfolio volatility.
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals |