Edigital Stock Current Liabilities
EDigital fundamentals help investors to digest information that contributes to EDigital's financial success or failures. It also enables traders to predict the movement of EDigital OTC Stock. The fundamental analysis module provides a way to measure EDigital'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 EDigital otc stock.
EDigital |
EDigital OTC Stock Current Liabilities Analysis
EDigital's Current Liabilities is the company's short term debt. This usually includes obligations that are due within the next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Current EDigital Current Liabilities | 229.82 K |
Most of EDigital's fundamental indicators, such as Current Liabilities, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, EDigital is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Current liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
CompetitionIn accordance with the recently published financial statements, EDigital has a Current Liabilities of 229.82 K. This is 99.97% lower than that of the Consumer Goods sector and 99.99% lower than that of the Electronic Equipment industry. The current liabilities for all United States stocks is 100.0% higher than that of the company.
EDigital Current Liabilities Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EDigital's direct or indirect competition against its Current Liabilities to detect undervalued stocks with similar characteristics or determine the otc stocks which would be a good addition to a portfolio. Peer analysis of EDigital could also be used in its relative valuation, which is a method of valuing EDigital by comparing valuation metrics of similar companies.EDigital is currently under evaluation in current liabilities category among related companies.
EDigital Fundamentals
| Return On Equity | -131.61 | |||
| Return On Asset | -63.93 | |||
| Profit Margin | (104.29) % | |||
| Operating Margin | (104.18) % | |||
| Current Valuation | (271.25 K) | |||
| Shares Outstanding | 293.68 M | |||
| Shares Owned By Institutions | 0.04 % | |||
| Price To Earning | (1.57) X | |||
| Revenue | 744.37 K | |||
| Gross Profit | (48.46 K) | |||
| EBITDA | (763.35 K) | |||
| Net Income | (776.31 K) | |||
| Cash And Equivalents | 274.19 K | |||
| Debt To Equity | 0.43 % | |||
| Current Ratio | 2.53 X | |||
| Cash Flow From Operations | (848.16 K) | |||
| Earnings Per Share | (0) X | |||
| Beta | -159.18 | |||
| Market Capitalization | 29.37 K | |||
| Total Asset | 759.44 K | |||
| Retained Earnings | (82.78 M) | |||
| Working Capital | 502.85 K | |||
| Current Asset | 732.67 K | |||
| Current Liabilities | 229.82 K |
Pair Trading with EDigital
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 EDigital 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 EDigital will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Beam TherapeuticsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beam TherapeuticsInc 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 Beam TherapeuticsInc - 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 Beam TherapeuticsInc to buy it.
The correlation of Beam TherapeuticsInc 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 Beam TherapeuticsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beam TherapeuticsInc 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 Beam TherapeuticsInc 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. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Other Consideration for investing in EDigital OTC Stock
If you are still planning to invest in EDigital 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 EDigital's history and understand the potential risks before investing.
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| CEOs Directory Screen CEOs from public companies around the world | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |