EToro Graham Number from 2010 to 2026
| ETOR Stock | 31.96 0.34 1.08% |
Graham Number | First Reported 2010-12-31 | Previous Quarter 87.49 | Current Value 91.86 | Quarterly Volatility 31.49712774 |
Check EToro financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EToro's main balance sheet or income statement drivers, such as Tax Provision of 64.3 M, Interest Income of 20.1 M or Depreciation And Amortization of 10.8 M, as well as many indicators such as Price To Sales Ratio of 2.28, Dividend Yield of 0.0 or PTB Ratio of 1.33. EToro financial statements analysis is a perfect complement when working with EToro Valuation or Volatility modules.
EToro | Graham Number | Build AI portfolio with EToro Stock |
Latest EToro's Graham Number Growth Pattern
Below is the plot of the Graham Number of eToro Group over the last few years. It is EToro's Graham Number historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EToro's overall financial position and show how it may be relating to other accounts over time.
| Graham Number | 10 Years Trend |
|
Graham Number |
| Timeline |
EToro Graham Number Regression Statistics
| Arithmetic Mean | 27.16 | |
| Geometric Mean | 17.63 | |
| Coefficient Of Variation | 115.95 | |
| Mean Deviation | 22.95 | |
| Median | 10.36 | |
| Standard Deviation | 31.50 | |
| Sample Variance | 992.07 | |
| Range | 86.8525 | |
| R-Value | 0.74 | |
| Mean Square Error | 484.39 | |
| R-Squared | 0.54 | |
| Significance | 0.0007 | |
| Slope | 4.59 | |
| Total Sum of Squares | 15,873 |
EToro Graham Number History
About EToro Financial Statements
EToro shareholders use historical fundamental indicators, such as Graham Number, to determine how well the company is positioned to perform in the future. Although EToro investors may analyze each financial statement separately, they are all interrelated. The changes in EToro's assets and liabilities, for example, are also reflected in the revenues and expenses on on EToro's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Graham Number | 87.49 | 91.86 |
Pair Trading with EToro
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 EToro 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 EToro will appreciate offsetting losses from the drop in the long position's value.Moving against EToro Stock
| 0.68 | BFG | Bell Financial Group | PairCorr |
| 0.48 | MFF | MFF Capital Investments | PairCorr |
| 0.48 | SEQ | Sequoia Financial | PairCorr |
| 0.47 | MAF | MA Financial Group | PairCorr |
| 0.41 | 601377 | Industrial Securities | PairCorr |
The ability to find closely correlated positions to EToro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EToro 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 EToro - 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 eToro Group to buy it.
The correlation of EToro 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 EToro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if eToro Group 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 EToro 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.Additional Tools for EToro Stock Analysis
When running EToro's price analysis, check to measure EToro'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 EToro is operating at the current time. Most of EToro's value examination focuses on studying past and present price action to predict the probability of EToro's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EToro's price. Additionally, you may evaluate how the addition of EToro to your portfolios can decrease your overall portfolio volatility.