Ebang Net Debt vs Inventory Analysis

EBON Stock  USD 8.28  0.57  6.44%   
Ebang International financial indicator trend analysis is much more than just examining Ebang International latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ebang International is a good investment. Please check the relationship between Ebang International Net Debt and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ebang International Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ebang International Net Debt account and Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ebang International's Net Debt and Inventory is -0.04. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Ebang International Holdings, assuming nothing else is changed. The correlation between historical values of Ebang International's Net Debt and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Ebang International Holdings are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Debt i.e., Ebang International's Net Debt and Inventory go up and down completely randomly.

Correlation Coefficient

-0.04
Relationship DirectionNegative 
Relationship StrengthInsignificant

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Inventory

Most indicators from Ebang International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ebang International 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ebang International Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
As of the 10th of December 2024, Sales General And Administrative To Revenue is likely to grow to 6.28, while Selling General Administrative is likely to drop about 26.4 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses27.2M42.7M36.9M21.9M
Cost Of Revenue22.2M12.4M21.6M20.5M

Ebang International fundamental ratios Correlations

0.510.430.90.83-0.87-0.410.070.870.80.61-0.090.890.06-0.710.380.280.770.450.990.45-0.370.16-0.140.550.39
0.510.520.30.5-0.28-0.18-0.070.30.550.390.650.350.02-0.660.38-0.110.280.550.440.49-0.270.15-0.24-0.080.46
0.430.520.010.01-0.080.470.390.10.0-0.080.110.090.66-0.410.990.13-0.161.00.50.040.340.28-0.09-0.370.94
0.90.30.010.91-0.91-0.65-0.120.90.880.74-0.180.93-0.23-0.56-0.030.230.910.030.860.5-0.540.01-0.110.760.0
0.830.50.010.91-0.78-0.690.030.780.930.640.130.82-0.23-0.73-0.070.370.870.040.750.54-0.760.21-0.190.61-0.1
-0.87-0.28-0.08-0.91-0.780.720.26-1.0-0.71-0.660.32-0.990.360.52-0.04-0.09-0.94-0.09-0.86-0.240.390.090.13-0.87-0.14
-0.41-0.180.47-0.65-0.690.720.45-0.72-0.59-0.530.09-0.730.770.310.540.0-0.870.45-0.35-0.130.620.150.08-0.870.41
0.07-0.070.39-0.120.030.260.45-0.2-0.07-0.510.13-0.210.74-0.310.460.88-0.230.410.08-0.06-0.210.79-0.07-0.40.09
0.870.30.10.90.78-1.0-0.72-0.20.710.61-0.280.99-0.33-0.550.060.150.940.110.860.22-0.43-0.01-0.120.860.14
0.80.550.00.880.93-0.71-0.59-0.070.710.810.140.78-0.17-0.65-0.080.220.810.020.690.79-0.670.05-0.150.54-0.07
0.610.39-0.080.740.64-0.66-0.53-0.510.610.81-0.150.68-0.31-0.23-0.16-0.270.67-0.10.550.75-0.23-0.470.00.570.02
-0.090.650.11-0.180.130.320.090.13-0.280.14-0.15-0.240.08-0.310.0-0.01-0.170.17-0.20.26-0.320.47-0.06-0.48-0.04
0.890.350.090.930.82-0.99-0.73-0.210.990.780.68-0.24-0.32-0.580.040.140.960.10.870.32-0.46-0.03-0.130.850.12
0.060.020.66-0.23-0.230.360.770.74-0.33-0.17-0.310.08-0.320.020.710.45-0.480.640.110.110.360.50.28-0.620.48
-0.71-0.66-0.41-0.56-0.730.520.31-0.31-0.55-0.65-0.23-0.31-0.580.02-0.34-0.41-0.54-0.45-0.65-0.360.67-0.380.56-0.23-0.26
0.380.380.99-0.03-0.07-0.040.540.460.06-0.08-0.160.00.040.71-0.340.18-0.220.980.47-0.040.40.28-0.09-0.380.93
0.28-0.110.130.230.37-0.090.00.880.150.22-0.27-0.010.140.45-0.410.180.190.150.270.0-0.50.78-0.010.04-0.17
0.770.28-0.160.910.87-0.94-0.87-0.230.940.810.67-0.170.96-0.48-0.54-0.220.19-0.140.720.34-0.64-0.02-0.130.91-0.16
0.450.551.00.030.04-0.090.450.410.110.02-0.10.170.10.64-0.450.980.15-0.140.510.030.30.34-0.1-0.370.92
0.990.440.50.860.75-0.86-0.350.080.860.690.55-0.20.870.11-0.650.470.270.720.510.34-0.250.13-0.130.530.48
0.450.490.040.50.54-0.24-0.13-0.060.220.790.750.260.320.11-0.36-0.040.00.340.030.34-0.36-0.13-0.060.08-0.03
-0.37-0.270.34-0.54-0.760.390.62-0.21-0.43-0.67-0.23-0.32-0.460.360.670.4-0.5-0.640.3-0.25-0.36-0.370.41-0.430.52
0.160.150.280.010.210.090.150.79-0.010.05-0.470.47-0.030.5-0.380.280.78-0.020.340.13-0.13-0.370.15-0.25-0.02
-0.14-0.24-0.09-0.11-0.190.130.08-0.07-0.12-0.150.0-0.06-0.130.280.56-0.09-0.01-0.13-0.1-0.13-0.060.410.15-0.04-0.09
0.55-0.08-0.370.760.61-0.87-0.87-0.40.860.540.57-0.480.85-0.62-0.23-0.380.040.91-0.370.530.08-0.43-0.25-0.04-0.27
0.390.460.940.0-0.1-0.140.410.090.14-0.070.02-0.040.120.48-0.260.93-0.17-0.160.920.48-0.030.52-0.02-0.09-0.27
Click cells to compare fundamentals

Ebang International Account Relationship Matchups

Ebang International fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets82.6M144.2M385.9M344.2M298.2M200.8M
Other Current Liab20.5M28.8M9.0M11.5M9.8M11.8M
Total Current Liabilities39.0M34.3M14.7M15.5M12.0M11.4M
Total Stockholder Equity18.0M103.1M363.7M318.9M279.8M143.5M
Property Plant And Equipment Net14.5M30.0M36.6M42.4M39.3M20.9M
Net Debt20.2M(11.0M)(236.6M)(244.1M)(235.0M)(223.2M)
Retained Earnings3.1M(38.6M)(34.2M)(78.1M)(114.8M)(109.1M)
Accounts Payable11.8M2.8M3.4M1.5M292.6K277.9K
Cash3.5M13.7M240.0M251.3M241.6M253.7M
Non Current Assets Total18.3M75.6M87.0M75.1M47.8M39.6M
Non Currrent Assets Other(18.3M)22.5M27.0M22.6M5.0M3.8M
Cash And Short Term Investments3.5M54.5M275.5M257.2M242.1M254.2M
Net Receivables8.1M8.0M9.9M3.3M946.5K899.2K
Common Stock Shares Outstanding5.1M4.1M5.9M6.2M6.3M6.0M
Inventory13.1M3.8M8.2M1.6M198.8K188.9K
Other Current Assets4.1M2.3M5.4M7.0M7.2M6.4M
Other Stockholder Equity12.8M138.3M393.7M397.6M397.5M417.3M
Total Liab57.0M34.4M16.9M22.4M16.9M16.1M
Total Current Assets28.8M68.6M298.8M269.1M250.4M156.6M
Intangible Assets3.8M23.1M22.5M9.2M2.3M2.2M
Short Long Term Debt Total23.7M2.6M3.4M7.3M6.7M7.9M
Current Deferred Revenue1.0M2.1M894.2K1.0M122.5K116.4K
Liabilities And Stockholders Equity82.6M144.2M385.9M344.2M298.2M221.5M
Non Current Liabilities Total17.6M119.7K2.2M6.9M5.0M4.6M
Accumulated Other Comprehensive Income2.0M3.4M4.2M(644.9K)(2.8M)(2.7M)
Short Term Debt5.7M2.5M1.4M1.5M1.7M1.6M
Capital Lease Obligations1.2M796.3K3.4M7.3M6.7M3.6M
Net Invested Capital40.5M105.0M363.7M318.9M279.8M219.5M
Property Plant And Equipment Gross14.5M30.0M65.9M67.2M66.8M47.9M
Net Working Capital24.4M34.3M284.1M253.6M238.5M161.9M

Pair Trading with Ebang International

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

Moving together with Ebang Stock

  0.86EHGO Eshallgo Class APairCorr

Moving against Ebang Stock

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The ability to find closely correlated positions to Ebang International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ebang International 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 Ebang International - 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 Ebang International Holdings to buy it.
The correlation of Ebang International 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 Ebang International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ebang International 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 Ebang International 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 Ebang International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ebang International'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 Ebang International Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ebang International Holdings Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ebang International Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Is Electronic Equipment, Instruments & Components 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 Ebang International. If investors know Ebang 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 Ebang International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(5.60)
Revenue Per Share
0.572
Quarterly Revenue Growth
(0.48)
Return On Assets
(0.1)
Return On Equity
(0.12)
The market value of Ebang International is measured differently than its book value, which is the value of Ebang that is recorded on the company's balance sheet. Investors also form their own opinion of Ebang International's value that differs from its market value or its book value, called intrinsic value, which is Ebang International'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 Ebang International's market value can be influenced by many factors that don't directly affect Ebang International'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 Ebang International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ebang International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ebang International'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.