Elco Financial Statements From 2010 to 2024
| ELCO Stock | ILS 11,270 220.00 1.91% |
Check Elco financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Elco main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Elco financial statements analysis is a perfect complement when working with Elco Valuation or Volatility modules.
Elco |
Elco Company Operating Margin Analysis
Elco's 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.
Current Elco Operating Margin | 0.11 % |
Most of Elco's fundamental indicators, such as Operating Margin, 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, Elco is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
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.
CompetitionBased on the recorded statements, Elco has an Operating Margin of 0.1066%. This is 98.02% lower than that of the Construction & Engineering sector and 102.25% lower than that of the Industrials industry. The operating margin for all Israel stocks is 101.93% lower than that of the firm.
Elco Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Elco's current stock value. Our valuation model uses many indicators to compare Elco value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Elco competition to find correlations between indicators driving Elco's intrinsic value. More Info.Elco is one of the top stocks in return on equity category among related companies. It is one of the top stocks in return on asset category among related companies reporting about 0.22 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Elco is roughly 4.58 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Elco by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Elco's Stock. 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. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Elco's earnings, one of the primary drivers of an investment's value.About Elco Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Elco income statement, its balance sheet, and the statement of cash flows. Elco investors use historical funamental indicators, such as Elco's revenue or net income, to determine how well the company is positioned to perform in the future. Although Elco investors may use each financial statement separately, they are all related. The changes in Elco's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Elco'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 Elco Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Elco. Please read more on our technical analysis and fundamental analysis pages.
Elco Ltd., together with its subsidiaries, operates in the construction, infrastructure, consumer electronics, telecommunications, entertainment, and real estate sectors in Israel and internationally. Elco Ltd. was founded in 1949 and is based in Tel Aviv, Israel. ELCO LTD operates under Conglomerates classification in Israel and is traded on Tel Aviv Stock Exchange.
Pair Trading with Elco
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 Elco 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 Elco will appreciate offsetting losses from the drop in the long position's value.Moving against Elco Stock
| 0.41 | OVRS | Overseas Commerce | PairCorr |
The ability to find closely correlated positions to Elco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elco 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 Elco - 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 Elco to buy it.
The correlation of Elco 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 Elco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elco 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 Elco 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 company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Elco Stock analysis
When running Elco's price analysis, check to measure Elco'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 Elco is operating at the current time. Most of Elco's value examination focuses on studying past and present price action to predict the probability of Elco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elco's price. Additionally, you may evaluate how the addition of Elco to your portfolios can decrease your overall portfolio volatility.
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