Etao International Co, Stock Z Score
| ETAODelisted Stock | 0.05 0.00 0.00% |
Etao |
Etao International Co, Company Z Score Analysis
Etao International's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
CompetitionAccording to the company's disclosures, Etao International Co, has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and about the same as Health Care (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
Etao Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Etao International's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Etao International could also be used in its relative valuation, which is a method of valuing Etao International by comparing valuation metrics of similar companies.Etao International is currently under evaluation in z score category among its peers.
Etao Fundamentals
| Return On Equity | -11.61 | |||
| Return On Asset | -4.15 | |||
| Operating Margin | (0.79) % | |||
| Current Valuation | 10.86 M | |||
| Shares Outstanding | 5.12 M | |||
| Shares Owned By Insiders | 55.09 % | |||
| Shares Owned By Institutions | 0.30 % | |||
| Number Of Shares Shorted | 52.04 K | |||
| Price To Sales | 0.35 X | |||
| Revenue | 58.06 M | |||
| Gross Profit | 19 M | |||
| EBITDA | (734.58 M) | |||
| Net Income | (897 M) | |||
| Total Debt | 15.41 M | |||
| Book Value Per Share | 0.30 X | |||
| Cash Flow From Operations | 10.82 M | |||
| Short Ratio | 0.05 X | |||
| Earnings Per Share | (175.64) X | |||
| Number Of Employees | 3.6 K | |||
| Beta | 1.92 | |||
| Market Capitalization | 9.78 M | |||
| Total Asset | 52.99 M | |||
| Retained Earnings | (907.54 M) | |||
| Working Capital | (8.01 M) | |||
| Net Asset | 52.99 M |
About Etao International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Etao International Co,'s financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Etao International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Etao International Co, 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 Etao International
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 Etao International 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 Etao International will appreciate offsetting losses from the drop in the long position's value.Moving together with Etao Stock
| 0.68 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.84 | BKRKF | PT Bank Rakyat | PairCorr |
Moving against Etao Stock
| 0.95 | SSNLF | Samsung Electronics | PairCorr |
| 0.94 | PTAIF | PT Astra International | PairCorr |
| 0.9 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.89 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.83 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
The ability to find closely correlated positions to Etao International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etao International 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 Etao International - 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 Etao International Co, to buy it.
The correlation of Etao International 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 Etao International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Etao International Co, 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 Etao International 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.Check out Investing Opportunities 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 nation. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Consideration for investing in Etao Stock
If you are still planning to invest in Etao International Co, 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 Etao International's history and understand the potential risks before investing.
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