Ecopetrol Sa Adr Stock Beta

EC Stock

USD 11.54 0.05 0.44%

Ecopetrol SA ADR fundamentals help investors to digest information that contributes to Ecopetrol's financial success or failures. It also enables traders to predict the movement of Ecopetrol Stock. The fundamental analysis module provides a way to measure Ecopetrol'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 Ecopetrol stock.

Other Current Liab Total Assets

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Ecopetrol SA ADR Company Beta Analysis

Ecopetrol's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

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Current Ecopetrol Beta

0.76

Most of Ecopetrol's fundamental indicators, such as Beta, 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, Ecopetrol SA ADR is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Ecopetrol Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Ecopetrol is extremely important. It helps to project a fair market value of Ecopetrol Stock properly, considering its historical fundamentals such as Beta. Since Ecopetrol's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ecopetrol's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ecopetrol's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Current Deferred Revenue	Long Term Debt	Good Will	Short Term Debt	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.76	0.95	0.75	0.79	0.96	-0.13	0.99	0.99	0.94	0.52	0.82	-0.17	0.88	0.28	0.94	0.59	0.83	0.86	0.84	0.62	0.77	0.91	0.84	-0.62
Total Stockholder Equity	0.76		0.59	0.75	0.94	0.65	-0.2	0.66	0.74	0.63	0.32	0.39	-0.41	0.46	0.28	0.62	0.38	0.62	0.68	0.61	0.28	0.45	0.69	0.63	-0.14
Net Debt	0.95	0.59		0.56	0.69	0.93	-0.01	0.98	0.93	0.91	0.67	0.93	0.01	0.97	0.21	0.93	0.71	0.88	0.88	0.87	0.6	0.72	0.88	0.81	-0.59
Retained Earnings	0.75	0.75	0.56		0.7	0.78	-0.22	0.68	0.81	0.78	0.08	0.42	-0.49	0.48	0.46	0.74	0.16	0.57	0.64	0.57	0.45	0.68	0.77	0.68	-0.44
Accounts Payable	0.79	0.94	0.69	0.7		0.71	-0.14	0.73	0.76	0.69	0.53	0.55	-0.22	0.62	0.26	0.73	0.51	0.77	0.81	0.71	0.21	0.42	0.76	0.65	-0.08
Net Receivables	0.96	0.65	0.93	0.78	0.71		-0.15	0.97	0.98	0.97	0.45	0.82	-0.19	0.88	0.35	0.98	0.5	0.79	0.88	0.86	0.66	0.86	0.94	0.86	-0.65
Short Term Investments	-0.13	-0.2	-0.01	-0.22	-0.14	-0.15		-0.09	-0.11	-0.21	0.37	0.17	0.35	0.08	-0.48	-0.11	0.31	0.03	-0.08	-0.11	-0.07	-0.23	-0.21	-0.11	0.07
Total Liab	0.99	0.66	0.98	0.68	0.73	0.97	-0.09		0.97	0.94	0.58	0.88	-0.07	0.94	0.24	0.95	0.64	0.86	0.87	0.87	0.64	0.77	0.91	0.84	-0.63
Total Current Assets	0.99	0.74	0.93	0.81	0.76	0.98	-0.11	0.97		0.96	0.45	0.79	-0.22	0.86	0.32	0.95	0.51	0.79	0.86	0.84	0.65	0.84	0.93	0.86	-0.64
Intangible Assets	0.94	0.63	0.91	0.78	0.69	0.97	-0.21	0.94	0.96		0.39	0.76	-0.27	0.86	0.43	0.92	0.44	0.8	0.84	0.89	0.59	0.79	0.97	0.92	-0.58
Common Stock	0.52	0.32	0.67	0.08	0.53	0.45	0.37	0.58	0.45	0.39		0.83	0.4	0.76	-0.09	0.54	0.86	0.76	0.62	0.57	0.26	0.12	0.43	0.39	-0.13
Property Plant Equipment	0.82	0.39	0.93	0.42	0.55	0.82	0.17	0.88	0.79	0.76	0.83		0.25	0.97	0.06	0.85	0.8	0.86	0.78	0.76	0.59	0.56	0.73	0.65	-0.58
Current Deferred Revenue	-0.17	-0.41	0.01	-0.49	-0.22	-0.19	0.35	-0.07	-0.22	-0.27	0.4	0.25		0.12	-0.77	-0.08	0.33	0.05	-0.06	-0.14	-0.04	-0.23	-0.28	-0.37	0.01
Long Term Debt	0.88	0.46	0.97	0.48	0.62	0.88	0.08	0.94	0.86	0.86	0.76	0.97	0.12		0.17	0.9	0.72	0.88	0.84	0.85	0.55	0.63	0.83	0.77	-0.55
Good Will	0.28	0.28	0.21	0.46	0.26	0.35	-0.48	0.24	0.32	0.43	-0.09	0.06	-0.77	0.17		0.31	-0.19	0.17	0.29	0.37	0.14	0.34	0.45	0.44	-0.09
Short Term Debt	0.94	0.62	0.93	0.74	0.73	0.98	-0.11	0.95	0.95	0.92	0.54	0.85	-0.08	0.9	0.31		0.57	0.84	0.93	0.84	0.57	0.81	0.92	0.8	-0.56
Net Tangible Assets	0.59	0.38	0.71	0.16	0.51	0.5	0.31	0.64	0.51	0.44	0.86	0.8	0.33	0.72	-0.19	0.57		0.82	0.64	0.51	0.31	0.18	0.45	0.39	-0.25
Long Term Investments	0.83	0.62	0.88	0.57	0.77	0.79	0.03	0.86	0.79	0.8	0.76	0.86	0.05	0.88	0.17	0.84	0.82		0.9	0.82	0.36	0.43	0.83	0.73	-0.27
Short Long Term Debt	0.86	0.68	0.88	0.64	0.81	0.88	-0.08	0.87	0.86	0.84	0.62	0.78	-0.06	0.84	0.29	0.93	0.64	0.9		0.88	0.4	0.65	0.92	0.79	-0.27
Long Term Debt Total	0.84	0.61	0.87	0.57	0.71	0.86	-0.11	0.87	0.84	0.89	0.57	0.76	-0.14	0.85	0.37	0.84	0.51	0.82	0.88		0.58	0.67	0.94	0.94	-0.35
Capital Surpluse	0.62	0.28	0.6	0.45	0.21	0.66	-0.07	0.64	0.65	0.59	0.26	0.59	-0.04	0.55	0.14	0.57	0.31	0.36	0.4	0.58		0.79	0.52	0.61	-0.85
Cash And Equivalents	0.77	0.45	0.72	0.68	0.42	0.86	-0.23	0.77	0.84	0.79	0.12	0.56	-0.23	0.63	0.34	0.81	0.18	0.43	0.65	0.67	0.79		0.74	0.71	-0.78
Net Invested Capital	0.91	0.69	0.88	0.77	0.76	0.94	-0.21	0.91	0.93	0.97	0.43	0.73	-0.28	0.83	0.45	0.92	0.45	0.83	0.92	0.94	0.52	0.74		0.93	-0.42
Net Working Capital	0.84	0.63	0.81	0.68	0.65	0.86	-0.11	0.84	0.86	0.92	0.39	0.65	-0.37	0.77	0.44	0.8	0.39	0.73	0.79	0.94	0.61	0.71	0.93		-0.43
Capital Stock	-0.62	-0.14	-0.59	-0.44	-0.08	-0.65	0.07	-0.63	-0.64	-0.58	-0.13	-0.58	0.01	-0.55	-0.09	-0.56	-0.25	-0.27	-0.27	-0.35	-0.85	-0.78	-0.42	-0.43

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

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Predict Ecopetrol

In accordance with the recently published financial statements, Ecopetrol SA ADR has a Beta of 0.756. This is 55.53% lower than that of the Oil, Gas & Consumable Fuels sector and 32.5% lower than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.

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