Exro Technologies Current Valuation vs. Return On Asset
| EXROF Stock | USD 0.49 0.02 3.92% |
For Exro Technologies profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Exro Technologies to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Exro Technologies utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Exro Technologies's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Exro Technologies over time as well as its relative position and ranking within its peers.
Exro |
Exro Technologies Return On Asset vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Exro Technologies's current stock value. Our valuation model uses many indicators to compare Exro Technologies value to that of its competitors to determine the firm's financial worth. Exro Technologies is rated # 4 in current valuation category among related companies. It is rated # 5 in return on asset category among related companies . Comparative valuation analysis is a catch-all model that can be used if you cannot value Exro Technologies by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Exro Technologies' OTC Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Exro Technologies' earnings, one of the primary drivers of an investment's value.Exro Current Valuation vs. Competition
Exro Technologies is rated # 4 in current valuation category among related companies. After adjusting for long-term liabilities, total market size of Electrical Equipment & Parts industry is currently estimated at about 96.59 Billion. Exro Technologies adds roughly 190.64 Million in current valuation claiming only tiny portion of equities under Electrical Equipment & Parts industry.
Exro Return On Asset vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Exro Technologies |
| = | 190.64 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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.
Exro Technologies |
| = | -0.46 |
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.
Exro Return On Asset Comparison
Exro Technologies is currently under evaluation in return on asset category among related companies.
Exro Technologies Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Exro Technologies, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Exro Technologies will eventually generate negative long term returns. The profitability progress is the general direction of Exro Technologies' change in net profit over the period of time. It can combine multiple indicators of Exro Technologies, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Exro Technologies Inc. focuses on developing and commercializing patented coil driver technology and proprietary system architecture for power electronics. Exro Technologies Inc. was incorporated in 2014 and is headquartered in Calgary, Canada. Exro Technologies is traded on OTC Exchange in the United States.
Exro Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Exro Technologies. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Exro Technologies position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Exro Technologies' important profitability drivers and their relationship over time.
Use Exro Technologies 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 Exro Technologies 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 Exro Technologies will appreciate offsetting losses from the drop in the long position's value.Exro Technologies Pair Trading
Exro Technologies Pair Trading Analysis
The ability to find closely correlated positions to Exro Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exro Technologies 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 Exro Technologies - 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 Exro Technologies to buy it.
The correlation of Exro Technologies 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 Exro Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exro Technologies 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 Exro Technologies 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 Exro Technologies position
In addition to having Exro Technologies 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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Check out Investing Opportunities. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Exro OTC Stock analysis
When running Exro Technologies' price analysis, check to measure Exro Technologies' 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 Exro Technologies is operating at the current time. Most of Exro Technologies' value examination focuses on studying past and present price action to predict the probability of Exro Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exro Technologies' price. Additionally, you may evaluate how the addition of Exro Technologies to your portfolios can decrease your overall portfolio volatility.
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To fully project Exro Technologies' future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Exro Technologies 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 Exro Technologies' income statement, its balance sheet, and the statement of cash flows.