Etrion Price to Book vs. Market Capitalization
| ETRXF Stock | USD 0.0001 0.00 0.00% |
For Etrion profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Etrion to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Etrion utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Etrion's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Etrion over time as well as its relative position and ranking within its peers.
Etrion |
Etrion Market Capitalization vs. Price to Book Fundamental Analysis
Etrion Market Capitalization vs. Price to Book
Etrion | = | null |
Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Etrion |
| = | 2.67 M |
In most publications or references market cap is broken down into the mega-cap, large-cap, mid-cap, small-cap, micro-cap, and nano-cap. Market Cap is a measurement of business as total market value of all of the outstanding shares at a given time, and can be used to compare different companies based on their size.
Etrion Market Capitalization vs Competition
Etrion is one of the top stocks in market capitalization category among related companies. Market capitalization of Utilities industry is currently estimated at about 4.36 Billion. Etrion adds roughly 2.67 Million in market capitalization claiming only tiny portion of Utilities industry.
Use Etrion 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 Etrion 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 Etrion will appreciate offsetting losses from the drop in the long position's value.Etrion Pair Trading
Etrion Pair Trading Analysis
The ability to find closely correlated positions to Etrion could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etrion 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 Etrion - 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 Etrion to buy it.
The correlation of Etrion 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 Etrion moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etrion 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 Etrion 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 Etrion position
In addition to having Etrion 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?
Run Oil And Gas Thematic Idea Now
Oil And Gas
Companies involved in drilling, production, and distribution of oil and gas pipelines. The Oil And Gas theme has 48 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 Oil And Gas Theme or any other thematic opportunities.
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Check out Investing Opportunities. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Etrion Pink Sheet analysis
When running Etrion's price analysis, check to measure Etrion'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 Etrion is operating at the current time. Most of Etrion's value examination focuses on studying past and present price action to predict the probability of Etrion's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Etrion's price. Additionally, you may evaluate how the addition of Etrion to your portfolios can decrease your overall portfolio volatility.
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To fully project Etrion's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Etrion 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 Etrion's income statement, its balance sheet, and the statement of cash flows.