Evgo Capital Expenditures vs Change To Netincome Analysis

EVGO Stock  USD 6.37  0.09  1.43%   
Evgo financial indicator trend analysis is much more than just examining Evgo Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evgo Inc is a good investment. Please check the relationship between Evgo Capital Expenditures and its Change To Netincome accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evgo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Capital Expenditures vs Change To Netincome

Capital Expenditures vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evgo Inc Capital Expenditures account and Change To Netincome. At this time, the significance of the direction appears to have pay attention.
The correlation between Evgo's Capital Expenditures and Change To Netincome is -0.91. Overlapping area represents the amount of variation of Capital Expenditures that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Evgo Inc, assuming nothing else is changed. The correlation between historical values of Evgo's Capital Expenditures and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Expenditures of Evgo Inc are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Capital Expenditures i.e., Evgo's Capital Expenditures and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.91
Relationship DirectionNegative 
Relationship StrengthSignificant

Capital Expenditures

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.

Change To Netincome

Most indicators from Evgo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evgo Inc 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 Evgo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
At this time, Evgo's Issuance Of Capital Stock is very stable compared to the past year. As of the 7th of December 2024, Sales General And Administrative To Revenue is likely to grow to 1.49, while Selling General Administrative is likely to drop about 87.1 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses83.0M143.9M163.1M100.4M
Cost Of Revenue29.0M60.2M151.2M158.8M

Evgo fundamental ratios Correlations

0.920.9-0.74-0.670.230.080.730.920.940.89-0.920.820.98-0.670.860.95-0.80.880.930.930.880.160.9-0.770.94
0.920.7-0.47-0.370.260.320.770.780.980.67-0.940.850.88-0.360.890.91-0.520.650.950.730.650.010.83-0.730.94
0.90.7-0.91-0.850.12-0.210.670.940.80.98-0.750.690.95-0.850.730.78-0.940.970.790.970.970.410.9-0.60.85
-0.74-0.47-0.910.990.190.14-0.43-0.82-0.59-0.960.64-0.41-0.780.99-0.41-0.560.99-0.97-0.51-0.92-0.97-0.19-0.640.65-0.6
-0.67-0.37-0.850.990.280.11-0.28-0.72-0.49-0.910.57-0.28-0.691.0-0.28-0.470.97-0.92-0.4-0.86-0.92-0.11-0.530.66-0.49
0.230.260.120.190.28-0.410.360.180.240.030.00.430.230.230.540.360.1-0.030.410.06-0.030.580.420.270.36
0.080.32-0.210.140.11-0.41-0.08-0.160.22-0.13-0.4-0.1-0.040.15-0.1-0.020.18-0.120.03-0.13-0.12-0.88-0.2-0.570.0
0.730.770.67-0.43-0.280.36-0.080.850.810.6-0.750.950.81-0.270.850.74-0.470.60.860.660.60.410.86-0.280.87
0.920.780.94-0.82-0.720.18-0.160.850.860.93-0.840.860.97-0.720.810.86-0.860.930.870.960.930.370.92-0.570.91
0.940.980.8-0.59-0.490.240.220.810.860.77-0.940.850.94-0.480.910.89-0.630.750.970.80.750.130.91-0.70.97
0.890.670.98-0.96-0.910.03-0.130.60.930.77-0.770.630.92-0.910.640.76-0.981.00.730.991.00.270.82-0.690.79
-0.92-0.94-0.750.640.570.0-0.4-0.75-0.84-0.94-0.77-0.78-0.890.55-0.74-0.830.67-0.78-0.86-0.81-0.780.13-0.760.84-0.87
0.820.850.69-0.41-0.280.43-0.10.950.860.850.63-0.780.85-0.270.930.89-0.490.620.930.710.620.390.89-0.360.92
0.980.880.95-0.78-0.690.23-0.040.810.970.940.92-0.890.85-0.690.880.92-0.830.910.940.950.910.310.95-0.670.97
-0.67-0.36-0.850.991.00.230.15-0.27-0.72-0.48-0.910.55-0.27-0.69-0.29-0.480.97-0.92-0.4-0.87-0.92-0.14-0.530.64-0.48
0.860.890.73-0.41-0.280.54-0.10.850.810.910.64-0.740.930.88-0.290.91-0.480.60.980.70.60.450.95-0.390.96
0.950.910.78-0.56-0.470.36-0.020.740.860.890.76-0.830.890.92-0.480.91-0.640.740.940.830.740.230.88-0.640.93
-0.8-0.52-0.940.990.970.10.18-0.47-0.86-0.63-0.980.67-0.49-0.830.97-0.48-0.64-0.99-0.58-0.96-0.99-0.24-0.70.66-0.66
0.880.650.97-0.97-0.92-0.03-0.120.60.930.751.0-0.780.620.91-0.920.60.74-0.990.70.991.00.230.79-0.70.77
0.930.950.79-0.51-0.40.410.030.860.870.970.73-0.860.930.94-0.40.980.94-0.580.70.790.70.320.95-0.550.99
0.930.730.97-0.92-0.860.06-0.130.660.960.80.99-0.810.710.95-0.870.70.83-0.960.990.790.990.270.85-0.690.84
0.880.650.97-0.97-0.92-0.03-0.120.60.930.751.0-0.780.620.91-0.920.60.74-0.991.00.70.990.230.79-0.70.77
0.160.010.41-0.19-0.110.58-0.880.410.370.130.270.130.390.31-0.140.450.23-0.240.230.320.270.230.530.460.34
0.90.830.9-0.64-0.530.42-0.20.860.920.910.82-0.760.890.95-0.530.950.88-0.70.790.950.850.790.53-0.440.97
-0.77-0.73-0.60.650.660.27-0.57-0.28-0.57-0.7-0.690.84-0.36-0.670.64-0.39-0.640.66-0.7-0.55-0.69-0.70.46-0.44-0.57
0.940.940.85-0.6-0.490.360.00.870.910.970.79-0.870.920.97-0.480.960.93-0.660.770.990.840.770.340.97-0.57
Click cells to compare fundamentals

Evgo Account Relationship Matchups

Evgo fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab29.5K18.9M43.9M52.3M44.1M30.0M
Total Current Liabilities14.3M63.6M46.9M87.3M89.3M58.0M
Other Liab40.9M29.1M111.5M79.6M91.5M65.6M
Net Tangible Assets(84.4M)(580.6K)(1.5B)(449.8M)(404.8M)(425.0M)
Retained Earnings(104.5M)(47.8M)(1.4B)(375.7M)(248.5M)(261.0M)
Accounts Payable1.8M3.0M2.9M9.1M10.1M6.2M
Other Assets812.4K230.0M3.4M2.6M3.0M2.8M
Net Receivables1.5M5.4M13.7M19.1M44.2M46.4M
Inventory181.5K12.0K6.4M5.0M5.7M6.0M
Other Current Assets94.1K6.6M7.8M10.2M14.1M7.1M
Total Current Assets5.0M20.0M506.3M275.5M267.4M200.9M
Property Plant Equipment61.0M71.3M133.3M360.0M414.0M434.7M

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 against Evgo Stock

  0.58FL Foot LockerPairCorr
  0.37AN AutoNationPairCorr
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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evgo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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.