EVIO Total Debt vs. Operating Margin
Considering EVIO's profitability and operating efficiency indicators, EVIO Inc may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess EVIO's ability to earn profits and add value for shareholders.
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For EVIO profitability analysis, we use financial ratios and fundamental drivers that measure the ability of EVIO to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well EVIO Inc utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between EVIO's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of EVIO Inc over time as well as its relative position and ranking within its peers.
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EVIO Inc Operating Margin vs. Total Debt Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining EVIO's current stock value. Our valuation model uses many indicators to compare EVIO value to that of its competitors to determine the firm's financial worth. EVIO Inc is rated # 2 in total debt category among its peers. It also is rated # 2 in operating margin category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value EVIO by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for EVIO's Pink Sheet. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.EVIO Total Debt vs. Competition
EVIO Inc is rated # 2 in total debt category among its peers. Total debt of Drug Manufacturers—Specialty & Generic industry is currently estimated at about 66.84 Million. EVIO retains roughly 13.24 Million in total debt claiming about 20% of equities under Drug Manufacturers—Specialty & Generic industry.
EVIO Operating Margin vs. Total Debt
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.
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| = | 13.24 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.
Operating Margin shows how much operating income a company makes on each dollar of sales. It is one of the profitability indicators which helps analysts to understand whether the firm is successful or not making money from everyday operations.
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| = | (1.60) % |
A good Operating Margin is required for a company to be able to pay for its fixed costs or payout its debt, which implies that the higher the margin, the better. This ratio is most effective in evaluating the earning potential of a company over time when comparing it against a firm's competitors.
EVIO Operating Margin Comparison
EVIO is currently under evaluation in operating margin category among its peers.
EVIO Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in EVIO, profitability is also one of the essential criteria for including it into their portfolios because, without profit, EVIO will eventually generate negative long term returns. The profitability progress is the general direction of EVIO's change in net profit over the period of time. It can combine multiple indicators of EVIO, 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.
EVIO, Inc., together with its subsidiaries, provides analytical testing and advisory services to cannabis industry in the United States. It also offers various testing services comprise cannabinoid potency testing, terpene analysis, pesticide testing, residual solvent screening, visual inspections, biological contaminant testing, and other services. Evio operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on OTC Exchange. It employs 18 people.
EVIO Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on EVIO. 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 EVIO 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 EVIO's important profitability drivers and their relationship over time.
Use EVIO 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 EVIO 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 EVIO will appreciate offsetting losses from the drop in the long position's value.EVIO Pair Trading
EVIO Inc Pair Trading Analysis
The ability to find closely correlated positions to EVIO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVIO 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 EVIO - 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 EVIO Inc to buy it.
The correlation of EVIO 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 EVIO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVIO Inc 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 EVIO 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 EVIO position
In addition to having EVIO 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?
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Materials ETFs
ETF themes focus on helping investors to gain exposure to a broad range of assets, diversify, and lower overall costs. The Materials ETFs theme has 51 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 Materials ETFs Theme or any other thematic opportunities.
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Other Information on Investing in EVIO Pink Sheet
To fully project EVIO's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of EVIO Inc at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include EVIO's income statement, its balance sheet, and the statement of cash flows.