Edoc Acquisition Earnings Per Share vs. Total Debt
| ADOCRDelisted Stock | USD 0.13 0.06 31.58% |
For Edoc Acquisition profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Edoc Acquisition to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Edoc Acquisition Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Edoc Acquisition's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Edoc Acquisition Corp over time as well as its relative position and ranking within its peers.
Edoc |
Edoc Acquisition Corp Total Debt vs. Earnings Per Share Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Edoc Acquisition's current stock value. Our valuation model uses many indicators to compare Edoc Acquisition value to that of its competitors to determine the firm's financial worth. Edoc Acquisition Corp is number one stock in earnings per share category among its peers. It also is the top company in total debt category among its peers . Comparative valuation analysis is a catch-all technique that is used if you cannot value Edoc Acquisition by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Edoc Total Debt vs. Earnings Per Share
Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
Edoc Acquisition |
| = | (0.55) X |
Earnings per Share is one of the most critical measures of the firm's current share price and is used by investors to determine the overall company profitability, especially when compared to the EPS of similar companies.
Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Edoc Acquisition |
| = | 2.21 M |
In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
Edoc Total Debt vs Competition
Edoc Acquisition Corp is the top company in total debt category among its peers. Total debt of Health Care industry is presently estimated at about 31.04 Million. Edoc Acquisition holds roughly 2.21 Million in total debt claiming about 7% of equities under Health Care industry.
Edoc Acquisition Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Edoc Acquisition, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Edoc Acquisition will eventually generate negative long term returns. The profitability progress is the general direction of Edoc Acquisition's change in net profit over the period of time. It can combine multiple indicators of Edoc Acquisition, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Edoc Acquisition Corp. does not have significant operations. The company was incorporated in 2020 and is based in Victor, New York. Edoc Acquisition is traded on NASDAQ Exchange in the United States.
Edoc Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Edoc Acquisition. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Edoc Acquisition position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Edoc Acquisition's important profitability drivers and their relationship over time.
Use Edoc Acquisition in pair-trading
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 Edoc Acquisition 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 Edoc Acquisition will appreciate offsetting losses from the drop in the long position's value.Edoc Acquisition Pair Trading
Edoc Acquisition Corp Pair Trading Analysis
The ability to find closely correlated positions to Edoc Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edoc Acquisition 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 Edoc Acquisition - 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 Edoc Acquisition Corp to buy it.
The correlation of Edoc Acquisition 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 Edoc Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edoc Acquisition Corp 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 Edoc Acquisition 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.Use Investing Themes to Complement your Edoc Acquisition position
In addition to having Edoc Acquisition in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Adviser Favorites Thematic Idea Now
Adviser Favorites
Financial advisors frequently recommend that individuals diversify their investment portfolios with a mix of different types of stocks. These can include blue-chip stocks, growth stocks, and dividend stocks. The Adviser Favorites theme has 17 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Adviser Favorites Theme or any other thematic opportunities.
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Check out Trending Equities 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 main economic indicators. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
Other Consideration for investing in Edoc Stock
If you are still planning to invest in Edoc Acquisition Corp 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 Edoc Acquisition's history and understand the potential risks before investing.
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