Economic Change In Working Capital vs Change To Netincome Analysis
| EVT Stock | CAD 174.50 0.01 0.01% |
Economic Investment financial indicator trend analysis is much more than just examining Economic Investment Trust latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Economic Investment Trust is a good investment. Please check the relationship between Economic Investment Change In Working Capital and its Change To Netincome accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Economic Investment Trust. 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.
Change In Working Capital vs Change To Netincome
Change In Working Capital vs Change To Netincome Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Economic Investment Trust Change In Working Capital account and Change To Netincome. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Economic Investment's Change In Working Capital and Change To Netincome is -0.55. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Economic Investment Trust, assuming nothing else is changed. The correlation between historical values of Economic Investment's Change In Working Capital 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 Change In Working Capital of Economic Investment Trust 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 Change In Working Capital i.e., Economic Investment's Change In Working Capital and Change To Netincome go up and down completely randomly.
Correlation Coefficient | -0.55 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Change To Netincome
Most indicators from Economic Investment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Economic Investment Trust 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 Economic Investment Trust. 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. As of the 1st of December 2024, Selling General Administrative is likely to drop to about 815.7 K. In addition to that, Tax Provision is likely to grow to about (2 M)
Economic Investment fundamental ratios Correlations
Click cells to compare fundamentals
Economic Investment Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Economic Investment fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 984.2M | 991.9M | 1.2B | 1.1B | 1.3B | 1.0B | |
| Total Current Liabilities | 3.1M | 817K | 23.2M | 14.8M | 17.0M | 17.9M | |
| Total Stockholder Equity | 903.6M | 916.0M | 1.1B | 1.0B | 1.2B | 952.3M | |
| Other Liab | 77.5M | 75.0M | 73.2M | 75.6M | 86.9M | 77.9M | |
| Net Tangible Assets | 903.6M | 916.0M | 1.1B | 1.0B | 1.2B | 952.3M | |
| Retained Earnings | 697.5M | 712.3M | 894.5M | 809.7M | 931.1M | 726.9M | |
| Cash | 17.4M | 36.1M | 11.2M | 46.1M | 53.0M | 55.7M | |
| Other Assets | 93.9M | 86.9M | 888K | 1.8M | 1.6M | 1.5M | |
| Net Receivables | 2.6M | 7.8M | 1.5M | 11.3M | 13.0M | 13.7M | |
| Total Liab | 80.6M | 75.9M | 96.5M | 90.4M | 103.9M | 84.1M | |
| Total Current Assets | 38.7M | 19.0M | 47.6M | 24.2M | 27.8M | 25.3M | |
| Other Current Liab | 399K | 2.1M | 537K | 23.1M | 26.5M | 27.8M | |
| Cash And Short Term Investments | 36.1M | 11.2M | 46.1M | 12.8M | 14.8M | 22.8M | |
| Liabilities And Stockholders Equity | 984.2M | 991.9M | 1.2B | 1.1B | 1.3B | 1.1B | |
| Cash And Equivalents | 36.1M | 11.2M | 46.1M | 12.8M | 14.8M | 22.4M |
Pair Trading with Economic Investment
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 Economic Investment 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 Economic Investment will appreciate offsetting losses from the drop in the long position's value.Moving together with Economic Stock
Moving against Economic Stock
The ability to find closely correlated positions to Economic Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Economic Investment 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 Economic Investment - 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 Economic Investment Trust to buy it.
The correlation of Economic Investment 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 Economic Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Economic Investment Trust 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 Economic Investment 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.Other Information on Investing in Economic Stock
Balance Sheet is a snapshot of the financial position of Economic Investment Trust at a specified time, usually calculated after every quarter, six months, or one year. Economic Investment Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Economic Investment 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 Economic currently owns. An asset can also be divided into two categories, current and non-current.