Edoc Acquisition Corp Stock Current Ratio
| ADOCRDelisted Stock | USD 0.13 0.06 31.58% |
Edoc Acquisition Corp fundamentals help investors to digest information that contributes to Edoc Acquisition's financial success or failures. It also enables traders to predict the movement of Edoc Stock. The fundamental analysis module provides a way to measure Edoc Acquisition'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 Edoc Acquisition stock.
Edoc |
Edoc Acquisition Corp Company Current Ratio Analysis
Edoc Acquisition's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Edoc Acquisition Current Ratio | 0.02 X |
Most of Edoc Acquisition's fundamental indicators, such as Current Ratio, 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, Edoc Acquisition Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
CompetitionIn accordance with the recently published financial statements, Edoc Acquisition Corp has a Current Ratio of 0.02 times. This is much higher than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The current ratio for all United States stocks is notably lower than that of the firm.
Edoc Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Edoc Acquisition's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Edoc Acquisition could also be used in its relative valuation, which is a method of valuing Edoc Acquisition by comparing valuation metrics of similar companies.Edoc Acquisition is currently under evaluation in current ratio category among its peers.
Edoc Fundamentals
| Return On Equity | -0.59 | |||
| Return On Asset | -0.0699 | |||
| Number Of Shares Shorted | 19.75 K | |||
| EBITDA | (5.14 K) | |||
| Net Income | (7.69 M) | |||
| Cash And Equivalents | 4.1 K | |||
| Total Debt | 2.21 M | |||
| Debt To Equity | 9.95 % | |||
| Current Ratio | 0.02 X | |||
| Book Value Per Share | (1.71) X | |||
| Cash Flow From Operations | (1.46 M) | |||
| Earnings Per Share | (0.55) X | |||
| Beta | -0.11 | |||
| Market Capitalization | 118.98 M | |||
| Total Asset | 21.41 M | |||
| Retained Earnings | (9.64 M) | |||
| Z Score | 31.6 | |||
| Net Asset | 21.41 M |
About Edoc Acquisition Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Edoc Acquisition Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Edoc Acquisition using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Edoc Acquisition Corp 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 Edoc Acquisition
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 Edoc Acquisition 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 Edoc Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against Edoc Stock
The ability to find closely correlated positions to Edoc Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edoc Acquisition 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 Edoc Acquisition - 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 Edoc Acquisition Corp to buy it.
The correlation of Edoc Acquisition 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 Edoc Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edoc Acquisition 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 Edoc Acquisition 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. 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 Edoc Stock
If you are still planning to invest in Edoc Acquisition Corp 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 Edoc Acquisition's history and understand the potential risks before investing.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities |