EMCORE Return On Assets from 2010 to 2024
| EMKR Stock | USD 2.85 0.21 7.95% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter (0.48) | Current Value (0.46) | Quarterly Volatility 0.25612082 |
Check EMCORE financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EMCORE main balance sheet or income statement drivers, such as Depreciation And Amortization of 40.6 M, Interest Expense of 771.9 K or Total Revenue of 135.5 M, as well as many exotic indicators such as Price To Sales Ratio of 0.27, Dividend Yield of 0.025 or PTB Ratio of 0.34. EMCORE financial statements analysis is a perfect complement when working with EMCORE Valuation or Volatility modules.
EMCORE | Return On Assets |
Latest EMCORE's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of EMCORE 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. EMCORE's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EMCORE's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
|
Return On Assets |
| Timeline |
EMCORE Return On Assets Regression Statistics
| Arithmetic Mean | (0.12) | |
| Coefficient Of Variation | (214.25) | |
| Mean Deviation | 0.20 | |
| Median | (0.13) | |
| Standard Deviation | 0.26 | |
| Sample Variance | 0.07 | |
| Range | 0.927 | |
| R-Value | (0.53) | |
| Mean Square Error | 0.05 | |
| R-Squared | 0.28 | |
| Significance | 0.04 | |
| Slope | (0.03) | |
| Total Sum of Squares | 0.92 |
EMCORE Return On Assets History
About EMCORE Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include EMCORE income statement, its balance sheet, and the statement of cash flows. EMCORE investors use historical funamental indicators, such as EMCORE's Return On Assets, to determine how well the company is positioned to perform in the future. Although EMCORE investors may use each financial statement separately, they are all related. The changes in EMCORE's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EMCORE'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 EMCORE Financial Statements. Understanding these patterns can help to make the right decision on long term investment in EMCORE. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Assets | (0.48) | (0.46) |
Pair Trading with EMCORE
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 EMCORE 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 EMCORE will appreciate offsetting losses from the drop in the long position's value.Moving together with EMCORE Stock
| 0.63 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
| 0.63 | INTC | Intel Earnings Call This Week | PairCorr |
Moving against EMCORE Stock
| 0.87 | GE | GE Aerospace Buyout Trend | PairCorr |
| 0.84 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.79 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.77 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
| 0.76 | DD | Dupont De Nemours Earnings Call Next Week | PairCorr |
The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE 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 EMCORE - 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 EMCORE to buy it.
The correlation of EMCORE 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 EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE 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 EMCORE 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 the analysis of EMCORE Correlation against competitors. To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for EMCORE Stock analysis
When running EMCORE's price analysis, check to measure EMCORE'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 EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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Is EMCORE'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 EMCORE. If investors know EMCORE 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 EMCORE 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 (0.25) | Earnings Share (7.90) | Revenue Per Share 15.825 | Quarterly Revenue Growth 0.207 | Return On Assets (0.07) |
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE'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 EMCORE's market value can be influenced by many factors that don't directly affect EMCORE'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 EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE'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.