Evgo Capital Expenditures from 2010 to 2024

EVGO Stock  USD 6.14  0.25  3.91%   
Evgo Capital Expenditures yearly trend continues to be very stable with very little volatility. Capital Expenditures is likely to drop to about 86.9 M. During the period from 2010 to 2024, Evgo Capital Expenditures quarterly data regression pattern had sample variance of 3714.2 T and median of  8,981,582. View All Fundamentals
 
Capital Expenditures  
First Reported
2010-12-31
Previous Quarter
158.9 M
Current Value
86.9 M
Quarterly Volatility
60.9 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Evgo financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Evgo's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Net Interest Income of 9.7 M or Depreciation And Amortization of 33 M, as well as many indicators such as Price To Sales Ratio of 1.91, Dividend Yield of 0.0 or Days Sales Outstanding of 93.89. Evgo financial statements analysis is a perfect complement when working with Evgo Valuation or Volatility modules.
  
Check out the analysis of Evgo Correlation against competitors.

Latest Evgo's Capital Expenditures Growth Pattern

Below is the plot of the Capital Expenditures of Evgo Inc over the last few years. Capital Expenditures are funds used by Evgo Inc to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Evgo operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software. It is Evgo's Capital Expenditures historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Evgo's overall financial position and show how it may be relating to other accounts over time.
Capital Expenditures10 Years Trend
Slightly volatile
   Capital Expenditures   
       Timeline  

Evgo Capital Expenditures Regression Statistics

Arithmetic Mean42,178,335
Geometric Mean19,808,907
Coefficient Of Variation144.49
Mean Deviation45,643,284
Median8,981,582
Standard Deviation60,944,251
Sample Variance3714.2T
Range191.3M
R-Value0.70
Mean Square Error2024.8T
R-Squared0.49
Significance0
Slope9,576,091
Total Sum of Squares51998.8T

Evgo Capital Expenditures History

202486.9 M
2023158.9 M
2022200.3 M
202165 M
202019.3 M
201921.5 M

About Evgo Financial Statements

Evgo investors utilize fundamental indicators, such as Capital Expenditures, to predict how Evgo Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Capital Expenditures158.9 M86.9 M

Pair Trading with Evgo

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

Moving together with Evgo Stock

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Moving against Evgo Stock

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The ability to find closely correlated positions to Evgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evgo 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 Evgo - 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 Evgo Inc to buy it.
The correlation of Evgo 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 Evgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evgo Inc 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 Evgo 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 CorrelationCorrelation Matching
When determining whether Evgo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Evgo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Evgo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Evgo Inc Stock:
Check out the analysis of Evgo Correlation against competitors.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Is Automotive Retail space 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 Evgo. If investors know Evgo 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 Evgo 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
(0.90)
Earnings Share
(0.40)
Revenue Per Share
2.282
Quarterly Revenue Growth
0.924
Return On Assets
(0.1)
The market value of Evgo Inc is measured differently than its book value, which is the value of Evgo that is recorded on the company's balance sheet. Investors also form their own opinion of Evgo's value that differs from its market value or its book value, called intrinsic value, which is Evgo'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 Evgo's market value can be influenced by many factors that don't directly affect Evgo'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 Evgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evgo'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.