Envirotech Operating Margin from 2010 to 2024
| EVTV Stock | USD 1.38 0.03 2.13% |
Check Envirotech Vehicles financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Envirotech Vehicles' main balance sheet or income statement drivers, such as Interest Expense of 5.3 B, Selling General Administrative of 6.9 M or Total Revenue of 5.3 M, as well as many indicators such as Price To Sales Ratio of 6.8, Dividend Yield of 0.0 or PTB Ratio of 0.94. Envirotech financial statements analysis is a perfect complement when working with Envirotech Vehicles Valuation or Volatility modules.
Envirotech | Operating Margin |
Latest Envirotech Vehicles' Operating Margin Growth Pattern
Below is the plot of the Operating Profit Margin of Envirotech Vehicles over the last few years. It is Envirotech Vehicles' Operating Profit Margin historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Envirotech Vehicles' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported (3.65) % | 10 Years Trend |
|
Operating Profit Margin |
| Timeline |
Envirotech Operating Margin Regression Statistics
| Arithmetic Mean | (14.42) | |
| Coefficient Of Variation | (74.01) | |
| Mean Deviation | 10.10 | |
| Median | (23.89) | |
| Standard Deviation | 10.67 | |
| Sample Variance | 113.89 | |
| Range | 23.4766 | |
| R-Value | 0.83 | |
| Mean Square Error | 38.39 | |
| R-Squared | 0.69 | |
| Significance | 0.0001 | |
| Slope | 1.98 | |
| Total Sum of Squares | 1,594 |
Envirotech Operating Margin History
About Envirotech Vehicles Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Envirotech Vehicles income statement, its balance sheet, and the statement of cash flows. Envirotech Vehicles investors use historical funamental indicators, such as Envirotech Vehicles's Operating Margin, to determine how well the company is positioned to perform in the future. Although Envirotech Vehicles investors may use each financial statement separately, they are all related. The changes in Envirotech Vehicles's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Envirotech Vehicles'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 Envirotech Vehicles Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Envirotech Vehicles. Please read more on our technical analysis and fundamental analysis pages.
Envirotech Vehicles, Inc. provides zero-emission electric vehicles in the United States. The company was formerly known as ADOMANI, Inc. and changed its name to Envirotech Vehicles, Inc. in May 2021. Envirotech Vehicles operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. It employs 12 people.
Pair Trading with Envirotech Vehicles
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 Envirotech Vehicles 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 Envirotech Vehicles will appreciate offsetting losses from the drop in the long position's value.Moving together with Envirotech Stock
| 0.69 | ADNT | Adient PLC Fiscal Year End 13th of November 2024 | PairCorr |
| 0.76 | LKQ | LKQ Corporation | PairCorr |
| 0.68 | MCD | McDonalds Financial Report 25th of July 2024 | PairCorr |
Moving against Envirotech Stock
| 0.58 | GE | GE Aerospace Financial Report 23rd of July 2024 | PairCorr |
| 0.57 | T | ATT Inc Earnings Call Today | PairCorr |
The ability to find closely correlated positions to Envirotech Vehicles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envirotech Vehicles 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 Envirotech Vehicles - 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 Envirotech Vehicles to buy it.
The correlation of Envirotech Vehicles 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 Envirotech Vehicles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envirotech Vehicles 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 Envirotech Vehicles 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.Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.