Eidesvik Offshore Nk Stock Return On Equity
| E1V Stock | EUR 1.31 0.01 0.77% |
EIDESVIK OFFSHORE NK fundamentals help investors to digest information that contributes to EIDESVIK OFFSHORE's financial success or failures. It also enables traders to predict the movement of EIDESVIK Stock. The fundamental analysis module provides a way to measure EIDESVIK OFFSHORE's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to EIDESVIK OFFSHORE stock.
EIDESVIK |
EIDESVIK OFFSHORE NK Company Return On Equity Analysis
EIDESVIK OFFSHORE's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Based on the latest financial disclosure, EIDESVIK OFFSHORE NK has a Return On Equity of 0.0. This indicator is about the same for the average (which is currently at 0.0) sector and about the same as Return On Equity (which currently averages 0.0) industry. This indicator is about the same for all Germany stocks average (which is currently at 0.0).
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About EIDESVIK OFFSHORE Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EIDESVIK OFFSHORE NK's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EIDESVIK OFFSHORE using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EIDESVIK OFFSHORE NK based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with EIDESVIK OFFSHORE
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 EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE will appreciate offsetting losses from the drop in the long position's value.Moving against EIDESVIK Stock
| 0.71 | E908 | Lyxor 1 | PairCorr |
| 0.63 | BYRA | PT Bank Rakyat | PairCorr |
| 0.53 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.46 | DBPD | Xtrackers ShortDAX | PairCorr |
The ability to find closely correlated positions to EIDESVIK OFFSHORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE - 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 EIDESVIK OFFSHORE NK to buy it.
The correlation of EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE 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 EIDESVIK OFFSHORE NK. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for EIDESVIK Stock analysis
When running EIDESVIK OFFSHORE's price analysis, check to measure EIDESVIK OFFSHORE'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 EIDESVIK OFFSHORE is operating at the current time. Most of EIDESVIK OFFSHORE's value examination focuses on studying past and present price action to predict the probability of EIDESVIK OFFSHORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EIDESVIK OFFSHORE's price. Additionally, you may evaluate how the addition of EIDESVIK OFFSHORE to your portfolios can decrease your overall portfolio volatility.
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