Erin Ventures Cash and Equivalents vs. Return On Equity
| ERVFF Stock | USD 0.06 0 5.00% |
For Erin Ventures profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Erin Ventures to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Erin Ventures utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Erin Ventures's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Erin Ventures over time as well as its relative position and ranking within its peers.
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Erin Ventures Return On Equity vs. Cash and Equivalents Fundamental Analysis
Erin Return On Equity vs. Cash and Equivalents
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Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
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| = | -0.0975 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Erin Return On Equity Comparison
Erin Ventures is currently under evaluation in return on equity category among related companies.
Use Erin Ventures in pair-trading
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 Erin Ventures 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 Erin Ventures will appreciate offsetting losses from the drop in the long position's value.Erin Ventures Pair Trading
Erin Ventures Pair Trading Analysis
The ability to find closely correlated positions to Erin Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Erin Ventures 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 Erin Ventures - 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 Erin Ventures to buy it.
The correlation of Erin Ventures 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 Erin Ventures moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Erin Ventures 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 Erin Ventures 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.Use Investing Themes to Complement your Erin Ventures position
In addition to having Erin Ventures in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies involved in production of steel and iron. The Iron theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Iron Theme or any other thematic opportunities.
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Check out Investing Opportunities. Note that the Erin Ventures information on this page should be used as a complementary analysis to other Erin Ventures' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.
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When running Erin Ventures' price analysis, check to measure Erin Ventures' 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 Erin Ventures is operating at the current time. Most of Erin Ventures' value examination focuses on studying past and present price action to predict the probability of Erin Ventures' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Erin Ventures' price. Additionally, you may evaluate how the addition of Erin Ventures to your portfolios can decrease your overall portfolio volatility.
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To fully project Erin Ventures' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Erin Ventures at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Erin Ventures' income statement, its balance sheet, and the statement of cash flows.