Elcom Technology Communications Stock Revenue
| ELC Stock | 25,450 250.00 0.99% |
Elcom Technology Communications fundamentals help investors to digest information that contributes to Elcom Technology's financial success or failures. It also enables traders to predict the movement of Elcom Stock. The fundamental analysis module provides a way to measure Elcom Technology'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 Elcom Technology stock.
Elcom |
Elcom Technology Communications Company Revenue Analysis
Elcom Technology's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Based on the latest financial disclosure, Elcom Technology Communications reported 0.0 of revenue. This is 100.0% lower than that of the Technology sector and about the same as Software & IT Services (which currently averages 0.0) industry. The revenue for all Vietnam stocks is 100.0% higher than that of the company.
Elcom Technology Communications is currently under evaluation in revenue category among its peers. Market size based on revenue of Software & IT Services industry is currently estimated at about 0.0. Elcom Technology adds roughly 0.0 in revenue claiming only tiny portion of equities listed under Software & IT Services industry.
About Elcom Technology Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elcom Technology Communications's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elcom Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elcom Technology Communications 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 Elcom Technology
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 Elcom Technology 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 Elcom Technology will appreciate offsetting losses from the drop in the long position's value.Moving against Elcom Stock
| 0.69 | AAA | An Phat Plastic | PairCorr |
| 0.69 | AME | Alphanam ME | PairCorr |
| 0.6 | ADS | Damsan JSC | PairCorr |
| 0.5 | APG | APG Securities Joint | PairCorr |
| 0.49 | ABS | Binhthuan Agriculture | PairCorr |
The ability to find closely correlated positions to Elcom Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elcom Technology 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 Elcom Technology - 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 Elcom Technology Communications to buy it.
The correlation of Elcom Technology 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 Elcom Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elcom Technology Com 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 Elcom Technology 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.Other Information on Investing in Elcom Stock
Elcom Technology financial ratios help investors to determine whether Elcom Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Elcom with respect to the benefits of owning Elcom Technology security.