Eshallgo Historical Financial Ratios
| EHGO Stock | 3.99 0.01 0.25% |
Eshallgo is recently reporting on over 76 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 5.88 or Days Sales Outstanding of 83.16 will help investors to properly organize and evaluate Eshallgo Class A financial condition quickly.
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About Eshallgo Financial Ratios Analysis
Eshallgo Class AFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Eshallgo investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Eshallgo financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Eshallgo history.
Eshallgo Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Eshallgo Class A stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Eshallgo sales, a figure that is much harder to manipulate than other Eshallgo Class A multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Return On Equity
Return on Equity is the amount of Eshallgo Class A net income returned as a percentage of Eshallgo equity. Return on equity measures Eshallgo profitability by revealing how much profit Eshallgo Class A generates with the money shareholders have invested. A measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity.Most ratios from Eshallgo's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Eshallgo Class A current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eshallgo Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Eshallgo's PE Ratio is very stable compared to the past year. As of the 22nd of November 2024, Receivables Turnover is likely to grow to 4.28, while Price To Sales Ratio is likely to drop 3.73.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 84.16 | 138.71 | 150.16 | 83.16 | PTB Ratio | 6.68 | 6.56 | 6.19 | 5.88 |
Eshallgo fundamentals Correlations
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Eshallgo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Eshallgo
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 Eshallgo 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 Eshallgo will appreciate offsetting losses from the drop in the long position's value.Moving together with Eshallgo Stock
Moving against Eshallgo Stock
| 0.9 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.84 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.6 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.45 | VZ | Verizon Communications Aggressive Push | PairCorr |
| 0.44 | PG | Procter Gamble | PairCorr |
The ability to find closely correlated positions to Eshallgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eshallgo 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 Eshallgo - 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 Eshallgo Class A to buy it.
The correlation of Eshallgo 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 Eshallgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eshallgo Class A 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 Eshallgo 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, which includes a position in Eshallgo Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eshallgo. If investors know Eshallgo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eshallgo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.269 | Revenue Per Share 0.831 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0282 | Return On Equity 0.05 |
The market value of Eshallgo Class A is measured differently than its book value, which is the value of Eshallgo that is recorded on the company's balance sheet. Investors also form their own opinion of Eshallgo's value that differs from its market value or its book value, called intrinsic value, which is Eshallgo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eshallgo's market value can be influenced by many factors that don't directly affect Eshallgo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eshallgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eshallgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eshallgo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.