EMagin Current Valuation vs. Return On Equity
| EMANDelisted Stock | USD 2.00 0.01 0.50% |
For EMagin profitability analysis, we use financial ratios and fundamental drivers that measure the ability of EMagin to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well EMagin utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between EMagin's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of EMagin over time as well as its relative position and ranking within its peers.
EMagin |
EMagin Return On Equity vs. Current Valuation Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining EMagin's current stock value. Our valuation model uses many indicators to compare EMagin value to that of its competitors to determine the firm's financial worth. EMagin is rated below average in current valuation category among its peers. It is rated below average in return on equity category among its peers . 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 EMagin's earnings, one of the primary drivers of an investment's value.EMagin Current Valuation vs. Competition
EMagin is rated below average in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Information Technology industry is currently estimated at about 84.28 Billion. EMagin adds roughly 183.72 Million in current valuation claiming only tiny portion of equities under Information Technology industry.
EMagin Return On Equity vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
EMagin |
| = | 183.72 M |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
EMagin |
| = | -0.87 |
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
EMagin Return On Equity Comparison
EMagin is currently under evaluation in return on equity category among its peers.
EMagin Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in EMagin, profitability is also one of the essential criteria for including it into their portfolios because, without profit, EMagin will eventually generate negative long term returns. The profitability progress is the general direction of EMagin's change in net profit over the period of time. It can combine multiple indicators of EMagin, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
eMagin Corporation engages in the design, develop, manufacture, and market of organic light-emitting diode miniature displays on-silicon micro displays, virtual imaging products that utilize OLED micro displays, and related products in the United States and internationally. The company was founded in 1996 and is headquartered in Hopewell Junction, New York. Emagin Corp operates under Electronic Components classification in the United States and is traded on AMEX Exchange. It employs 101 people.
EMagin Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on EMagin. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of EMagin position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the EMagin's important profitability drivers and their relationship over time.
Use EMagin in pair-trading
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 EMagin 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 EMagin will appreciate offsetting losses from the drop in the long position's value.EMagin Pair Trading
EMagin Pair Trading Analysis
The ability to find closely correlated positions to EMagin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMagin 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 EMagin - 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 EMagin to buy it.
The correlation of EMagin 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 EMagin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMagin 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 EMagin 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.Use Investing Themes to Complement your EMagin position
In addition to having EMagin in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Exotic Funds Thematic Idea Now
Exotic Funds
Funds or Etfs with high minimum investment requirement that manage portfolios of alternative investments such as hedge funds, options, futures, real estate or commodities. The Exotic Funds theme has 44 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Exotic Funds Theme or any other thematic opportunities.
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Check out Investing Opportunities 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 nation. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Other Consideration for investing in EMagin Stock
If you are still planning to invest in EMagin 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 EMagin's history and understand the potential risks before investing.
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