Electrovaya Depreciation And Amortization from 2010 to 2025
| ELVA Stock | 3.61 0.01 0.28% |
Depreciation And Amortization | First Reported 1997-12-31 | Previous Quarter 300 K | Current Value 304 K | Quarterly Volatility 231.1 K |
Check Electrovaya financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Electrovaya's main balance sheet or income statement drivers, such as Depreciation And Amortization of 685.3 K, Total Revenue of 52.4 M or Gross Profit of 13.5 M, as well as many indicators such as Price To Sales Ratio of 1.94, Dividend Yield of 0.0 or PTB Ratio of 11.15. Electrovaya financial statements analysis is a perfect complement when working with Electrovaya Valuation or Volatility modules.
Electrovaya | Depreciation And Amortization |
Pair Trading with Electrovaya
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 Electrovaya 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 Electrovaya will appreciate offsetting losses from the drop in the long position's value.Moving together with Electrovaya Stock
Moving against Electrovaya Stock
The ability to find closely correlated positions to Electrovaya could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrovaya 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 Electrovaya - 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 Electrovaya to buy it.
The correlation of Electrovaya 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 Electrovaya moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrovaya 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 Electrovaya 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 Electrovaya Stock
Electrovaya financial ratios help investors to determine whether Electrovaya 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 Electrovaya with respect to the benefits of owning Electrovaya security.