Evgo Change In Cash from 2010 to 2024

EVGO Stock  USD 6.61  0.24  3.77%   
Evgo Change In Cash yearly trend continues to be very stable with very little volatility. Change In Cash is likely to grow to about -35.5 M this year. During the period from 2010 to 2024, Evgo Change In Cash quarterly data regression pattern had sample variance of 20298.8 T and median of  13,245,441. View All Fundamentals
 
Change In Cash  
First Reported
2010-12-31
Previous Quarter
-37.3 M
Current Value
-35.5 M
Quarterly Volatility
142.5 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 Change In Cash Growth Pattern

Below is the plot of the Change In Cash of Evgo Inc over the last few years. It is Evgo's Change In Cash 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.
Change In Cash10 Years Trend
Very volatile
   Change In Cash   
       Timeline  

Evgo Change In Cash Regression Statistics

Arithmetic Mean18,459,281
Geometric Mean22,762,068
Coefficient Of Variation771.83
Mean Deviation61,174,363
Median13,245,441
Standard Deviation142,473,853
Sample Variance20298.8T
Range716M
R-Value(0.01)
Mean Square Error21856.1T
R-Squared0.0002
Significance0.96
Slope(439,021)
Total Sum of Squares284183.2T

Evgo Change In Cash History

2024-35.5 M
2023-37.3 M
2022-238.7 M
2021477.3 M
20207.7 M
2019-15.7 M

About Evgo Financial Statements

Evgo investors utilize fundamental indicators, such as Change In Cash, 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
Change In Cash-37.3 M-35.5 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

  0.63JD JD Inc Adr Buyout TrendPairCorr

Moving against Evgo Stock

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  0.51ETSY Etsy IncPairCorr
  0.46GPC Genuine PartsPairCorr
  0.42FND Floor Decor HoldingsPairCorr
  0.39HVT Haverty FurniturePairCorr
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 Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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
(0.42)
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.