Etao Financial Statements From 2010 to 2024
| ETAODelisted Stock | 0.05 0.00 0.00% |
Check Etao International financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Etao International's main balance sheet or income statement drivers, such as , as well as many indicators such as . Etao financial statements analysis is a perfect complement when working with Etao International Valuation or Volatility modules.
Etao |
Etao International Co, Company Current Valuation Analysis
Etao International's 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.
Current Etao International Current Valuation | 10.86 M |
Most of Etao International's fundamental indicators, such as Current Valuation, 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, Etao International Co, is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionIn accordance with the recently published financial statements, Etao International Co, has a Current Valuation of 10.86 M. This is 99.92% lower than that of the Health Care Equipment & Supplies sector and significantly higher than that of the Health Care industry. The current valuation for all United States stocks is 99.93% higher than that of the company.
Etao International Co, Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Etao International's current stock value. Our valuation model uses many indicators to compare Etao International value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Etao International competition to find correlations between indicators driving Etao International's intrinsic value. More Info.Etao International Co, is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . 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 Etao International's earnings, one of the primary drivers of an investment's value.About Etao International Financial Statements
Etao International investors utilize fundamental indicators, such as revenue or net income, to predict how Etao Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Pair Trading with Etao International
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 Etao International 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 Etao International will appreciate offsetting losses from the drop in the long position's value.Moving together with Etao Stock
Moving against Etao Stock
| 0.89 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.88 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.85 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.81 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.79 | WMT | Walmart Aggressive Push | PairCorr |
The ability to find closely correlated positions to Etao International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etao International 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 Etao International - 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 Etao International Co, to buy it.
The correlation of Etao International 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 Etao International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etao International Co, 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 Etao International 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.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Other Consideration for investing in Etao Stock
If you are still planning to invest in Etao International Co, check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Etao International's history and understand the potential risks before investing.
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