E2open Change In Cash vs Other Non Cash Items Analysis

ETWO Stock  USD 2.56  0.07  2.66%   
E2open Parent financial indicator trend analysis is much more than just examining E2open Parent Holdings latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E2open Parent Holdings is a good investment. Please check the relationship between E2open Parent Change In Cash and its Other Non Cash Items accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E2open Parent 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 housing.

Change In Cash vs Other Non Cash Items

JavaScript chart by amCharts 3.21.15201420162018202020222024-80M-70M-60M-50M-40M-30M-20M-10M010M20M30M40M50M 050M100M150M200M250M300M350M400M450M500M550M600M650M700M750M800M850M
JavaScript chart by amCharts 3.21.15Change In Cashtotal: 38.8MOther Non Cash Itemstotal: 1.1B

Change In Cash vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E2open Parent Holdings Change In Cash account and Other Non Cash Items. At this time, the significance of the direction appears to have strong contrarian relationship.
Change In CashOther Non Cash ItemsDiversified AwayChange In CashOther Non Cash ItemsDiversified Away100%
The correlation between E2open Parent's Change In Cash and Other Non Cash Items is -0.58. Overlapping area represents the amount of variation of Change In Cash that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of E2open Parent Holdings, assuming nothing else is changed. The correlation between historical values of E2open Parent's Change In Cash and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Cash of E2open Parent Holdings are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change In Cash i.e., E2open Parent's Change In Cash and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Change In Cash

Other Non Cash Items

Most indicators from E2open Parent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E2open Parent Holdings 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 E2open Parent 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 housing.
As of the 24th of December 2024, Selling General Administrative is likely to drop to about 64.1 M. In addition to that, Tax Provision is likely to drop to about (86.5 M)
 2021 2022 2023 2024 (projected)
Interest Expense33.7M76.8M102.5M55.5M
Depreciation And Amortization158.3M220.9M222.1M140.4M

E2open Parent fundamental ratios Correlations

0.260.860.250.790.190.860.860.86-0.690.85-0.830.260.85-0.830.860.080.650.73-0.73-0.080.50.630.850.860.83
0.260.330.850.580.990.460.320.320.180.51-0.281.00.11-0.280.360.980.810.71-0.350.240.840.870.390.260.45
0.860.330.340.940.250.981.01.0-0.830.97-0.950.330.97-0.950.990.130.80.88-0.76-0.050.610.740.991.00.97
0.250.850.340.640.80.460.350.320.020.48-0.130.830.12-0.130.310.80.780.73-0.070.70.950.760.440.250.53
0.790.580.940.640.490.970.940.93-0.670.97-0.820.570.84-0.820.920.40.930.98-0.650.210.840.890.970.90.99
0.190.990.250.80.490.380.240.240.280.44-0.210.990.03-0.210.280.990.750.64-0.340.20.780.830.310.180.37
0.860.460.980.460.970.380.990.98-0.721.0-0.910.460.93-0.910.980.270.850.92-0.80.030.720.830.990.960.98
0.860.321.00.350.940.240.991.0-0.820.98-0.940.330.97-0.940.990.120.790.88-0.77-0.020.620.740.990.990.98
0.860.321.00.320.930.240.981.0-0.830.97-0.960.330.97-0.961.00.130.790.87-0.78-0.090.590.740.991.00.97
-0.690.18-0.830.02-0.670.28-0.72-0.82-0.83-0.690.780.18-0.880.78-0.80.37-0.42-0.550.430.08-0.22-0.29-0.8-0.86-0.76
0.850.510.970.480.970.441.00.980.97-0.69-0.920.510.91-0.920.980.320.880.94-0.810.00.730.860.980.960.98
-0.83-0.28-0.95-0.13-0.82-0.21-0.91-0.94-0.960.78-0.92-0.28-0.941.0-0.98-0.09-0.71-0.780.860.35-0.43-0.69-0.91-0.97-0.87
0.261.00.330.830.570.990.460.330.330.180.51-0.280.11-0.280.360.980.810.71-0.370.220.830.880.390.260.45
0.850.110.970.120.840.030.930.970.97-0.880.91-0.940.11-0.940.96-0.10.620.74-0.78-0.150.420.570.940.980.9
-0.83-0.28-0.95-0.13-0.82-0.21-0.91-0.94-0.960.78-0.921.0-0.28-0.94-0.98-0.09-0.71-0.780.860.35-0.43-0.69-0.91-0.97-0.87
0.860.360.990.310.920.280.980.991.0-0.80.98-0.980.360.96-0.980.160.80.87-0.81-0.140.590.760.980.990.95
0.080.980.130.80.40.990.270.120.130.370.32-0.090.98-0.1-0.090.160.680.55-0.210.240.740.760.20.060.26
0.650.810.80.780.930.750.850.790.79-0.420.88-0.710.810.62-0.710.80.680.98-0.570.210.920.980.840.740.87
0.730.710.880.730.980.640.920.880.87-0.550.94-0.780.710.74-0.780.870.550.98-0.620.210.90.950.920.840.95
-0.73-0.35-0.76-0.07-0.65-0.34-0.8-0.77-0.780.43-0.810.86-0.37-0.780.86-0.81-0.21-0.57-0.620.45-0.35-0.65-0.73-0.78-0.68
-0.080.24-0.050.70.210.20.03-0.02-0.090.080.00.350.22-0.150.35-0.140.240.210.210.450.550.130.06-0.120.16
0.50.840.610.950.840.780.720.620.59-0.220.73-0.430.830.42-0.430.590.740.920.9-0.350.550.90.690.540.76
0.630.870.740.760.890.830.830.740.74-0.290.86-0.690.880.57-0.690.760.760.980.95-0.650.130.90.790.690.82
0.850.390.990.440.970.310.990.990.99-0.80.98-0.910.390.94-0.910.980.20.840.92-0.730.060.690.790.980.99
0.860.261.00.250.90.180.960.991.0-0.860.96-0.970.260.98-0.970.990.060.740.84-0.78-0.120.540.690.980.95
0.830.450.970.530.990.370.980.980.97-0.760.98-0.870.450.9-0.870.950.260.870.95-0.680.160.760.820.990.95
Click cells to compare fundamentals

E2open Parent Account Relationship Matchups

Pair Trading with E2open Parent

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 E2open Parent 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 E2open Parent will appreciate offsetting losses from the drop in the long position's value.

Moving against E2open Stock

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The ability to find closely correlated positions to E2open Parent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E2open Parent 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 E2open Parent - 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 E2open Parent Holdings to buy it.
The correlation of E2open Parent 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 E2open Parent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E2open Parent Holdings 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 E2open Parent 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 E2open Parent Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of E2open Parent'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 E2open Parent Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on E2open Parent Holdings Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E2open Parent 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 housing.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Is Application Software 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 E2open Parent. If investors know E2open 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 E2open Parent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.55)
Revenue Per Share
1.674
Quarterly Revenue Growth
(0.04)
Return On Assets
(0)
Return On Equity
(0.26)
The market value of E2open Parent Holdings is measured differently than its book value, which is the value of E2open that is recorded on the company's balance sheet. Investors also form their own opinion of E2open Parent's value that differs from its market value or its book value, called intrinsic value, which is E2open Parent'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 E2open Parent's market value can be influenced by many factors that don't directly affect E2open Parent'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 E2open Parent's value and its price as these two are different measures arrived at by different means. Investors typically determine if E2open Parent is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, E2open Parent'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.
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