Edoc Acquisition Corp Performance
| ADOCDelisted Stock | USD 11.30 0.04 0.35% |
The firm shows a Beta (market volatility) of 0.1, which means not very significant fluctuations relative to the market. As returns on the market increase, Edoc Acquisition's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edoc Acquisition is expected to be smaller as well. Edoc Acquisition Corp right now shows a risk of 0.0%. Please confirm Edoc Acquisition Corp sortino ratio, semi variance, rate of daily change, as well as the relationship between the value at risk and kurtosis , to decide if Edoc Acquisition Corp will be following its price patterns.
Risk-Adjusted Performance
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Over the last 90 days Edoc Acquisition Corp has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Edoc Acquisition is not utilizing all of its potentials. The current stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
| Begin Period Cash Flow | 3486.00 |
Edoc |
Edoc Acquisition Relative Risk vs. Return Landscape
If you would invest 1,130 in Edoc Acquisition Corp on August 30, 2024 and sell it today you would earn a total of 0.00 from holding Edoc Acquisition Corp or generate 0.0% return on investment over 90 days. Edoc Acquisition Corp is currently does not generate positive expected returns and assumes 0.0% risk (volatility on return distribution) over the 90 days horizon. In different words, 0% of stocks are less volatile than Edoc, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Edoc Acquisition Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edoc Acquisition's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Edoc Acquisition Corp, and traders can use it to determine the average amount a Edoc Acquisition's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0
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Based on monthly moving average Edoc Acquisition is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Edoc Acquisition by adding Edoc Acquisition to a well-diversified portfolio.
Edoc Acquisition Fundamentals Growth
Edoc Stock prices reflect investors' perceptions of the future prospects and financial health of Edoc Acquisition, and Edoc Acquisition fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Edoc Stock performance.
| Return On Equity | -0.59 | |||
| Return On Asset | -0.0699 | |||
| Current Valuation | 13.85 M | |||
| Shares Outstanding | 3.62 M | |||
| Price To Book | 3.16 X | |||
| EBITDA | (5.14 K) | |||
| Cash And Equivalents | 4.1 K | |||
| Total Debt | 2.21 M | |||
| Book Value Per Share | (1.71) X | |||
| Cash Flow From Operations | (1.04 M) | |||
| Earnings Per Share | (1.93) X | |||
| Total Asset | 21.41 M | |||
| Retained Earnings | (9.64 M) | |||
About Edoc Acquisition Performance
By analyzing Edoc Acquisition's fundamental ratios, stakeholders can gain valuable insights into Edoc Acquisition's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Edoc Acquisition has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Edoc Acquisition has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Edoc Acquisition Corp. does not have significant operations. The company was incorporated in 2020 and is based in Victor, New York. Edoc Acquisition operates under Shell Companies classification in the United States and is traded on NASDAQ Exchange.Things to note about Edoc Acquisition Corp performance evaluation
Checking the ongoing alerts about Edoc Acquisition for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Edoc Acquisition Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Edoc Acquisition is not yet fully synchronised with the market data | |
| Edoc Acquisition has a very high chance of going through financial distress in the upcoming years | |
| Edoc Acquisition Corp currently holds 2.21 M in liabilities. Edoc Acquisition Corp has a current ratio of 0.02, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Edoc Acquisition's use of debt, we should always consider it together with its cash and equity. | |
| Net Loss for the year was (2 M) with profit before overhead, payroll, taxes, and interest of 0. | |
| Edoc Acquisition Corp currently holds about 4.1 K in cash with (1.04 M) of positive cash flow from operations. |
- Analyzing Edoc Acquisition's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Edoc Acquisition's stock is overvalued or undervalued compared to its peers.
- Examining Edoc Acquisition's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Edoc Acquisition's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Edoc Acquisition's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Edoc Acquisition's stock. These opinions can provide insight into Edoc Acquisition's potential for growth and whether the stock is currently undervalued or overvalued.
Check out Trending Equities 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 persons. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in Edoc Stock
If you are still planning to invest in Edoc Acquisition Corp 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 Edoc Acquisition's history and understand the potential risks before investing.
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