| 300014 Stock | | | 43.79 1.11 2.47% |
EVE Energy financial indicator trend analysis is much more than just examining EVE Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EVE Energy is a good investment. Please check the relationship between EVE Energy Total Revenue and its Minority Interest accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in EVE Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
Total Revenue vs Minority Interest
Total Revenue vs Minority Interest Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
EVE Energy Total Revenue account and
Minority Interest. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between EVE Energy's Total Revenue and Minority Interest is -0.41. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Minority Interest in the same time period over historical financial statements of EVE Energy, assuming nothing else is changed. The correlation between historical values of EVE Energy's Total Revenue and Minority Interest is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of EVE Energy are associated (or correlated) with its Minority Interest. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Minority Interest has no effect on the direction of Total Revenue i.e., EVE Energy's Total Revenue and Minority Interest go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Total Revenue
Total revenue comprises all receipts EVE Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Minority Interest
Minority Interest is the portion of a subsidiary corporation stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is generally less than 50% of outstanding shares, otherwise the corporation would generally cease to be a subsidiary of the parent. Minority Interest can also be called non-controlling interest.All shareholders of EVE Energy whose combined shares represent less than 50% of the total outstanding shares issued by EVE Energy have a minority interest in EVE Energy.
Most indicators from EVE Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EVE Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in EVE Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in board of governors.
At present, EVE Energy's
Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's
Tax Provision is expected to grow to about 372.5
M, whereas
Discontinued Operations is forecasted to decline to about 99.7
M.
| 2022 | 2023 | 2024 | 2025 (projected) |
Operating Income | 2.8B | 5.0B | 5.7B | 6.0B | Total Revenue | 36.3B | 48.8B | 56.1B | 58.9B |
EVE Energy fundamental ratios Correlations
Click cells to compare fundamentals
EVE Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EVE Energy fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Other Information on Investing in EVE Stock
Balance Sheet is a snapshot of the
financial position of EVE Energy at a specified time, usually calculated after every quarter, six months, or one year. EVE Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of EVE Energy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which EVE currently owns. An asset can also be divided into two categories, current and non-current.