Eco Depot Stock Cash Per Share
| ECDP Stock | USD 0.04 0.01 36.67% |
Eco Depot fundamentals help investors to digest information that contributes to Eco Depot's financial success or failures. It also enables traders to predict the movement of Eco Pink Sheet. The fundamental analysis module provides a way to measure Eco Depot's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Eco Depot pink sheet.
Eco |
Eco Depot Company Cash Per Share Analysis
Eco Depot's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Current Eco Depot Cash Per Share | 0.05 X |
Most of Eco Depot's fundamental indicators, such as Cash Per Share, 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, Eco Depot is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
| Competition |
In accordance with the recently published financial statements, Eco Depot has a Cash Per Share of 0.05 times. This is 97.25% lower than that of the Real Estate sector and significantly higher than that of the Real Estate—Diversified industry. The cash per share for all United States stocks is 99.0% higher than that of the company.
Eco Cash Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Eco Depot's direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the pink sheets which would be a good addition to a portfolio. Peer analysis of Eco Depot could also be used in its relative valuation, which is a method of valuing Eco Depot by comparing valuation metrics of similar companies.Eco Depot is currently under evaluation in cash per share category among its peers.
Eco Fundamentals
| Return On Asset | -4.68 | |||
| Current Valuation | 644.66 K | |||
| Net Income | (202.67 K) | |||
| Cash And Equivalents | 22.5 K | |||
| Cash Per Share | 0.05 X | |||
| Total Debt | 237.6 K | |||
| Current Ratio | 0.10 X | |||
| Book Value Per Share | (0.57) X | |||
| Cash Flow From Operations | (163.79 K) | |||
| Earnings Per Share | (0.41) X | |||
| Beta | 4.46 | |||
| Market Capitalization | 17.64 K | |||
| Total Asset | 32.48 K | |||
| Retained Earnings | (597 K) | |||
| Working Capital | (183 K) | |||
| Current Asset | 16 K | |||
| Current Liabilities | 199 K | |||
| Z Score | -31.2 | |||
| Net Asset | 32.48 K |
About Eco Depot Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Eco Depot's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Eco Depot using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Eco Depot 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 Eco Depot
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 Eco Depot 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 Eco Depot will appreciate offsetting losses from the drop in the long position's value.Moving together with Eco Pink Sheet
Moving against Eco Pink Sheet
| 0.82 | B | Barnes Group | PairCorr |
| 0.79 | DDD | 3D Systems | PairCorr |
| 0.78 | LYV | Live Nation Entertainment | PairCorr |
| 0.78 | DASH | DoorDash, Class A | PairCorr |
| 0.57 | CIADY | China Mengniu Dairy | PairCorr |
The ability to find closely correlated positions to Eco Depot could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eco Depot 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 Eco Depot - 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 Eco Depot to buy it.
The correlation of Eco Depot 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 Eco Depot moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eco Depot 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 Eco Depot 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 Eco Pink Sheet Analysis
When running Eco Depot's price analysis, check to measure Eco Depot'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 Eco Depot is operating at the current time. Most of Eco Depot's value examination focuses on studying past and present price action to predict the probability of Eco Depot's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eco Depot's price. Additionally, you may evaluate how the addition of Eco Depot to your portfolios can decrease your overall portfolio volatility.