Electrameccanica Vehicles Corp Stock Fundamentals
| SOLODelisted Stock | USD 0.72 0.02 2.70% |
Electrameccanica Vehicles Corp fundamentals help investors to digest information that contributes to Electrameccanica's financial success or failures. It also enables traders to predict the movement of Electrameccanica Stock. The fundamental analysis module provides a way to measure Electrameccanica'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 Electrameccanica stock.
Electrameccanica |
Electrameccanica Vehicles Corp Company Return On Equity Analysis
Electrameccanica's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Electrameccanica Return On Equity | -0.57 |
Most of Electrameccanica's fundamental indicators, such as Return On Equity, 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, Electrameccanica Vehicles Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
CompetitionBased on the latest financial disclosure, Electrameccanica Vehicles Corp has a Return On Equity of -0.5747. This is 115.96% lower than that of the Automobiles sector and 94.48% lower than that of the Consumer Discretionary industry. The return on equity for all United States stocks is 85.39% higher than that of the company.
Electrameccanica Veh Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Electrameccanica's current stock value. Our valuation model uses many indicators to compare Electrameccanica value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Electrameccanica competition to find correlations between indicators driving Electrameccanica's intrinsic value. More Info.Electrameccanica Vehicles Corp is rated fourth in return on equity category among its peers. It is rated below average in return on asset category among its peers . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Electrameccanica's earnings, one of the primary drivers of an investment's value.Electrameccanica Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Electrameccanica's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Electrameccanica could also be used in its relative valuation, which is a method of valuing Electrameccanica by comparing valuation metrics of similar companies.Electrameccanica is currently under evaluation in return on equity category among its peers.
Electrameccanica Fundamentals
| Return On Equity | -0.57 | |||
| Return On Asset | -0.23 | |||
| Operating Margin | (84.66) % | |||
| Current Valuation | (23.58 M) | |||
| Shares Outstanding | 119.5 M | |||
| Shares Owned By Insiders | 6.13 % | |||
| Shares Owned By Institutions | 1.96 % | |||
| Number Of Shares Shorted | 3.7 M | |||
| Price To Book | 0.35 X | |||
| Price To Sales | 41.68 X | |||
| Revenue | 608.43 K | |||
| Gross Profit | (26.26 M) | |||
| EBITDA | (27.21 M) | |||
| Net Income | (57.58 M) | |||
| Cash And Equivalents | 176.37 M | |||
| Cash Per Share | 1.49 X | |||
| Total Debt | 16.52 M | |||
| Debt To Equity | 0.09 % | |||
| Current Ratio | 24.64 X | |||
| Book Value Per Share | 0.61 X | |||
| Cash Flow From Operations | (61.67 M) | |||
| Short Ratio | 8.73 X | |||
| Earnings Per Share | (0.48) X | |||
| Target Price | 0.94 | |||
| Number Of Employees | 34 | |||
| Beta | 2.6 | |||
| Market Capitalization | 25.36 M | |||
| Total Asset | 94.11 M | |||
| Retained Earnings | (330.39 M) | |||
| Working Capital | 65.55 M | |||
| Z Score | -4.11 | |||
| Net Asset | 94.11 M |
About Electrameccanica Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Electrameccanica Vehicles Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Electrameccanica using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Electrameccanica Vehicles Corp 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.Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. Electrameccanica Vehicles Corp. was incorporated in 2015 and is headquartered in Burnaby, Canada. Electrameccanica is traded on NASDAQ Exchange in the United States.
Pair Trading with Electrameccanica
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 Electrameccanica 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 Electrameccanica will appreciate offsetting losses from the drop in the long position's value.Moving against Electrameccanica Stock
| 0.73 | AAGH | America Great Health | PairCorr |
| 0.71 | NNAX | New Momentum | PairCorr |
| 0.71 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.59 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.51 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
The ability to find closely correlated positions to Electrameccanica could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electrameccanica 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 Electrameccanica - 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 Electrameccanica Vehicles Corp to buy it.
The correlation of Electrameccanica 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 Electrameccanica moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electrameccanica Veh 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 Electrameccanica 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 World Market Map 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 bureau of economic analysis. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Other Consideration for investing in Electrameccanica Stock
If you are still planning to invest in Electrameccanica Veh 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 Electrameccanica's history and understand the potential risks before investing.
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