Ecosynthetix Stock Return On Asset
| ECO Stock | CAD 4.10 0.15 3.53% |
By evaluating key metrics such as revenue growth, profitability, cash flow trends, and balance sheet strength, investors can better assess EcoSynthetix's long-term financial health and intrinsic value.
EcoSynthetix |
EcoSynthetix Company Return On Asset Analysis
EcoSynthetix's 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.
Current EcoSynthetix Return On Asset | -0.0333 |
Most of EcoSynthetix's fundamental indicators, such as Return On Asset, 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, EcoSynthetix is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
| Competition |
Based on the latest financial disclosure, EcoSynthetix has a Return On Asset of -0.0333. This is 104.5% lower than that of the Chemicals sector and 101.82% lower than that of the Materials industry. The return on asset for all Canada stocks is 76.21% lower than that of the firm.
EcoSynthetix Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EcoSynthetix's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EcoSynthetix could also be used in its relative valuation, which is a method of valuing EcoSynthetix by comparing valuation metrics of similar companies.EcoSynthetix is currently under evaluation in return on asset category among its peers.
EcoSynthetix Fundamentals
| Return On Equity | -0.0203 | ||||
| Return On Asset | -0.0333 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | (0.07) % | ||||
| Current Valuation | 205.99 M | ||||
| Shares Outstanding | 58.56 M | ||||
| Shares Owned By Insiders | 14.50 % | ||||
| Shares Owned By Institutions | 14.88 % | ||||
| Number Of Shares Shorted | 335.97 K | ||||
| Price To Earning | (18.42) X | ||||
| Price To Book | 4.56 X | ||||
| Price To Sales | 12.28 X | ||||
| Revenue | 18.54 M | ||||
| Gross Profit | 5.6 M | ||||
| EBITDA | (2.02 M) | ||||
| Net Income | (1.37 M) | ||||
| Cash And Equivalents | 44.59 M | ||||
| Cash Per Share | 0.76 X | ||||
| Total Debt | 237.79 K | ||||
| Debt To Equity | 2.70 % | ||||
| Current Ratio | 30.53 X | ||||
| Book Value Per Share | 0.66 X | ||||
| Cash Flow From Operations | 1.1 M | ||||
| Short Ratio | 9.61 X | ||||
| Earnings Per Share | (0.01) X | ||||
| Target Price | 8.39 | ||||
| Number Of Employees | 28 | ||||
| Beta | 0.28 | ||||
| Market Capitalization | 249.45 M | ||||
| Total Asset | 41.28 M | ||||
| Retained Earnings | (460.91 M) | ||||
| Working Capital | 35.5 M | ||||
| Net Asset | 41.28 M |
About EcoSynthetix Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EcoSynthetix's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EcoSynthetix using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EcoSynthetix 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 EcoSynthetix
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 EcoSynthetix 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 EcoSynthetix will appreciate offsetting losses from the drop in the long position's value.Moving against EcoSynthetix Stock
The ability to find closely correlated positions to EcoSynthetix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EcoSynthetix 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 EcoSynthetix - 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 EcoSynthetix to buy it.
The correlation of EcoSynthetix 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 EcoSynthetix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EcoSynthetix 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 EcoSynthetix 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.Other Information on Investing in EcoSynthetix Stock
EcoSynthetix financial ratios help investors to determine whether EcoSynthetix Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in EcoSynthetix with respect to the benefits of owning EcoSynthetix security.