Electrocore Llc Stock Return On Asset
| ECOR Stock | USD 9.92 0.02 0.20% |
Electrocore LLC fundamentals help investors to digest information that contributes to Electrocore LLC's financial success or failures. It also enables traders to predict the movement of Electrocore Stock. The fundamental analysis module provides a way to measure Electrocore LLC'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 Electrocore LLC stock.
As of 11/22/2024, Return On Assets is likely to drop to -1.23. Electrocore | Return On Asset |
Electrocore LLC Company Return On Asset Analysis
Electrocore LLC's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current Electrocore LLC Return On Asset | -0.49 |
Most of Electrocore LLC's fundamental indicators, such as Return On Asset, 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, Electrocore LLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Electrocore Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Electrocore LLC is extremely important. It helps to project a fair market value of Electrocore Stock properly, considering its historical fundamentals such as Return On Asset. Since Electrocore LLC's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Electrocore LLC's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Electrocore LLC's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Electrocore Total Assets
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Based on the latest financial disclosure, Electrocore LLC has a Return On Asset of -0.4918. This is 94.38% lower than that of the Health Care Equipment & Supplies sector and 97.28% lower than that of the Health Care industry. The return on asset for all United States stocks is notably higher than that of the company.
Electrocore Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electrocore LLC's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Electrocore LLC could also be used in its relative valuation, which is a method of valuing Electrocore LLC by comparing valuation metrics of similar companies.Electrocore LLC is currently under evaluation in return on asset category among its peers.
Electrocore LLC Current Valuation Drivers
We derive many important indicators used in calculating different scores of Electrocore LLC from analyzing Electrocore LLC's financial statements. These drivers represent accounts that assess Electrocore LLC's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Electrocore LLC's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 46.7M | 60.8M | 34.5M | 18.3M | 21.0M | 19.9M | |
| Enterprise Value | 35.2M | 59.6M | 552.8K | 1.2M | 1.4M | 1.4M |
Electrocore LLC ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Electrocore LLC's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Electrocore LLC's managers, analysts, and investors.Environmental | Governance | Social |
Electrocore Fundamentals
| Return On Equity | -1.53 | ||||
| Return On Asset | -0.49 | ||||
| Profit Margin | (0.67) % | ||||
| Operating Margin | (0.42) % | ||||
| Current Valuation | 56.25 M | ||||
| Shares Outstanding | 6.55 M | ||||
| Shares Owned By Insiders | 25.02 % | ||||
| Shares Owned By Institutions | 16.10 % | ||||
| Number Of Shares Shorted | 43 K | ||||
| Price To Earning | (4.71) X | ||||
| Price To Book | 6.89 X | ||||
| Price To Sales | 3.11 X | ||||
| Revenue | 16.03 M | ||||
| Gross Profit | 7.21 M | ||||
| EBITDA | (17.76 M) | ||||
| Net Income | (18.83 M) | ||||
| Cash And Equivalents | 26.33 M | ||||
| Cash Per Share | 0.37 X | ||||
| Total Debt | 626 K | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 5.16 X | ||||
| Book Value Per Share | 1.24 X | ||||
| Cash Flow From Operations | (14.67 M) | ||||
| Short Ratio | 0.54 X | ||||
| Earnings Per Share | (1.71) X | ||||
| Target Price | 26.5 | ||||
| Number Of Employees | 68 | ||||
| Beta | 0.56 | ||||
| Market Capitalization | 66.14 M | ||||
| Total Asset | 16.1 M | ||||
| Retained Earnings | (165.2 M) | ||||
| Working Capital | 6.17 M | ||||
| Current Asset | 21.97 M | ||||
| Current Liabilities | 5.85 M | ||||
| Net Asset | 16.1 M |
About Electrocore LLC Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Electrocore LLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electrocore LLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electrocore LLC 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 Electrocore LLC
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 Electrocore LLC 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 Electrocore LLC will appreciate offsetting losses from the drop in the long position's value.Moving against Electrocore Stock
| 0.86 | IDXX | IDEXX Laboratories | PairCorr |
| 0.84 | AGL | agilon health | PairCorr |
| 0.83 | TFX | Teleflex Incorporated | PairCorr |
| 0.81 | GCTK | GlucoTrack | PairCorr |
| 0.79 | ELAB | Elevai Labs, Common | PairCorr |
The ability to find closely correlated positions to Electrocore LLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrocore LLC 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 Electrocore LLC - 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 Electrocore LLC to buy it.
The correlation of Electrocore LLC 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 Electrocore LLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrocore LLC 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 Electrocore LLC 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 Electrocore Stock Analysis
When running Electrocore LLC's price analysis, check to measure Electrocore LLC'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 Electrocore LLC is operating at the current time. Most of Electrocore LLC's value examination focuses on studying past and present price action to predict the probability of Electrocore LLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electrocore LLC's price. Additionally, you may evaluate how the addition of Electrocore LLC to your portfolios can decrease your overall portfolio volatility.