CECO Return On Assets from 2010 to 2024

CECO Stock  USD 25.39  0.07  0.28%   
CECO Environmental Return On Assets yearly trend continues to be very stable with very little volatility. Return On Assets are likely to grow to 0.02 this year. Return On Assets is a profitability ratio that indicates the percentage of profit CECO Environmental Corp earns in relation to its overall resources. It is calculated by dividing net income by total assets. View All Fundamentals
 
Return On Assets  
First Reported
2010-12-31
Previous Quarter
0.02105838
Current Value
0.0221
Quarterly Volatility
0.0780098
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check CECO Environmental financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CECO main balance sheet or income statement drivers, such as Depreciation And Amortization of 13.1 M, Interest Expense of 14.1 M or Total Revenue of 572.1 M, as well as many exotic indicators such as Price To Sales Ratio of 1.23, Dividend Yield of 0.0281 or PTB Ratio of 2.87. CECO financial statements analysis is a perfect complement when working with CECO Environmental Valuation or Volatility modules.
  
This module can also supplement CECO Environmental's financial leverage analysis and stock options assessment as well as various CECO Environmental Technical models . Check out the analysis of CECO Environmental Correlation against competitors.

Latest CECO Environmental's Return On Assets Growth Pattern

Below is the plot of the Return On Assets of CECO Environmental Corp over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. CECO Environmental's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in CECO Environmental's overall financial position and show how it may be relating to other accounts over time.
Return On Assets10 Years Trend
Pretty Stable
   Return On Assets   
       Timeline  

CECO Return On Assets Regression Statistics

Arithmetic Mean0.01
Coefficient Of Variation1,428
Mean Deviation0.05
Median0.02
Standard Deviation0.08
Sample Variance0.01
Range0.3375
R-Value0.18
Mean Square Error0.01
R-Squared0.03
Significance0.52
Slope0
Total Sum of Squares0.09

CECO Return On Assets History

2024 0.0221
2023 0.0211
2022 0.0345
2021 0.004765
2020 0.0196
2019 0.0433
2018 -0.0181

About CECO Environmental Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include CECO Environmental income statement, its balance sheet, and the statement of cash flows. CECO Environmental investors use historical funamental indicators, such as CECO Environmental's Return On Assets, to determine how well the company is positioned to perform in the future. Although CECO Environmental investors may use each financial statement separately, they are all related. The changes in CECO Environmental's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CECO Environmental's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CECO Environmental Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CECO Environmental. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Assets 0.02  0.02 

Pair Trading with CECO Environmental

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 CECO Environmental 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 CECO Environmental will appreciate offsetting losses from the drop in the long position's value.

Moving together with CECO Stock

  0.77PFFVF Pfeiffer Vacuum TechPairCorr
  0.84ARQ Arq Inc Symbol ChangePairCorr
  0.79FSS Federal Signal Financial Report 7th of May 2024 PairCorr

Moving against CECO Stock

  0.87SPEC Spectaire Holdings Symbol ChangePairCorr
  0.83CDTI CDTi Advanced MaterialsPairCorr
  0.8LIQT LiqTech InternationalPairCorr
  0.79TOMZ TOMI Environmental Financial Report 20th of May 2024 PairCorr
  0.48ERII Energy Recovery Financial Report 1st of May 2024 PairCorr
The ability to find closely correlated positions to CECO Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CECO Environmental 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 CECO Environmental - 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 CECO Environmental Corp to buy it.
The correlation of CECO Environmental 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 CECO Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO Environmental 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 CECO Environmental 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.
Pair CorrelationCorrelation Matching
When determining whether CECO Environmental Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CECO Environmental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceco Environmental Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceco Environmental Corp Stock:
Check out the analysis of CECO Environmental Correlation against competitors.
Note that the CECO Environmental Corp information on this page should be used as a complementary analysis to other CECO Environmental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for CECO Stock analysis

When running CECO Environmental's price analysis, check to measure CECO Environmental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CECO Environmental is operating at the current time. Most of CECO Environmental's value examination focuses on studying past and present price action to predict the probability of CECO Environmental's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CECO Environmental's price. Additionally, you may evaluate how the addition of CECO Environmental to your portfolios can decrease your overall portfolio volatility.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Diagnostics
Use generated alerts and portfolio events aggregator to diagnose current holdings
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Is CECO Environmental's industry 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 CECO Environmental. If investors know CECO 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 CECO Environmental 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
(0.54)
Earnings Share
0.37
Revenue Per Share
15.717
Quarterly Revenue Growth
0.321
Return On Assets
0.0455
The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental'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 CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental'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 CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental'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.