ChungLei Huang - ECOVE Environment Financial Sec

6803 Stock

TWD 277.50 0.50 0.18%

Insider

ChungLei Huang is Financial Sec of ECOVE Environment Corp

Phone	886 2 2162 1688
Web	https://www.ecove.com

ECOVE Environment Management Efficiency

The company has return on total asset (ROA) of 0.0734 % which means that it generated a profit of $0.0734 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2015 %, meaning that it generated $0.2015 on every $100 dollars invested by stockholders. ECOVE Environment's management efficiency ratios could be used to measure how well ECOVE Environment manages its routine affairs as well as how well it operates its assets and liabilities.

Compare ECOVE Environment to Peers

Predict price of ECOVE Environment

ECOVE Environment Corp has accumulated 2.07 B in total debt with debt to equity ratio (D/E) of 42.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. ECOVE Environment Corp has a current ratio of 1.53, which is within standard range for the sector. Debt can assist ECOVE Environment until it has trouble settling it off, either with new capital or with free cash flow. So, ECOVE Environment's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like ECOVE Environment Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for ECOVE to invest in growth at high rates of return. When we think about ECOVE Environment's use of debt, we should always consider it together with cash and equity.

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ECOVE Environment Corp. provides resources management services to public and private entities in China, Southeast Asia, India, and the United States of America. ECOVE Environment Corporation is a subsidiary of CTCI Corporation. ECOVE ENVIRONMENT operates under Waste Management classification in Taiwan and is traded on Taiwan OTC Exchange. It employs 988 people. ECOVE Environment Corp (6803) is traded on Taiwan OTC Exchange in Taiwan and employs 1,016 people.

Management Performance

	Return On Equity	0.2
	Return On Asset	0.0734

ECOVE Environment Corp Management Team

Elected by the shareholders, the ECOVE Environment's board of directors comprises two types of representatives: ECOVE Environment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ECOVE. The board's role is to monitor ECOVE Environment's management team and ensure that shareholders' interests are well served. ECOVE Environment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ECOVE Environment's outside directors are responsible for providing unbiased perspectives on the board's policies.

	TanChing Yao, Accounting Mang
	ChungLei Huang, Financial Sec
	YunPeng Shih, Pres Director

ECOVE Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ECOVE Environment a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

	Return On Equity	0.2
	Return On Asset	0.0734
	Profit Margin	0.15 %
	Operating Margin	0.21 %
	Current Valuation	17.81 B
	Shares Outstanding	69.88 M
	Shares Owned By Insiders	58.53 %
	Shares Owned By Institutions	8.77 %
	Price To Earning	16.34 X
	Price To Book	3.08 X

Pair Trading with ECOVE Environment

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 ECOVE Environment 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 ECOVE Environment will appreciate offsetting losses from the drop in the long position's value.

Moving together with ECOVE Stock

0.85	8422	Cleanaway	Pair Corr
0.87	8473	Forest Water Environ Split	Pair Corr

Moving against ECOVE Stock

0.86	2881A	Fubon Financial Holding	Pair Corr
0.82	2603	Evergreen Marine Corp	Pair Corr
0.78	2882B	Cathay Financial Holding	Pair Corr
0.74	2609	Yang Ming Marine	Pair Corr
0.74	2881B	Fubon Financial Holding	Pair Corr

The ability to find closely correlated positions to ECOVE Environment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ECOVE Environment 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 ECOVE Environment - 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 ECOVE Environment Corp to buy it.

The correlation of ECOVE Environment 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 ECOVE Environment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ECOVE Environment Corp 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 ECOVE Environment 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.

Pair Correlation Correlation Matching

Additional Tools for ECOVE Stock Analysis

When running ECOVE Environment's price analysis, check to measure ECOVE Environment'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 ECOVE Environment is operating at the current time. Most of ECOVE Environment's value examination focuses on studying past and present price action to predict the probability of ECOVE Environment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ECOVE Environment's price. Additionally, you may evaluate how the addition of ECOVE Environment to your portfolios can decrease your overall portfolio volatility.

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