Ennogie Financial Statements From 2010 to 2024
| ESG Stock | 6.56 0.12 1.80% |
Check Ennogie Solar financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Ennogie Solar's main balance sheet or income statement drivers, such as , as well as many indicators such as . Ennogie financial statements analysis is a perfect complement when working with Ennogie Solar Valuation or Volatility modules.
Ennogie |
Ennogie Solar Group Company Shares Outstanding Analysis
Ennogie Solar's Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Current Ennogie Solar Shares Outstanding | 27.77 M |
Most of Ennogie Solar's fundamental indicators, such as Shares Outstanding, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ennogie Solar Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
| Competition |
Based on the latest financial disclosure, Ennogie Solar Group has 27.77 M of shares currently outstending. This is 85.38% lower than that of the Technology sector and 54.04% lower than that of the Solar industry. The shares outstanding for all Denmark stocks is 95.14% higher than that of the company.
Ennogie Solar Group Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Ennogie Solar's current stock value. Our valuation model uses many indicators to compare Ennogie Solar value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ennogie Solar competition to find correlations between indicators driving Ennogie Solar's intrinsic value. More Info.Ennogie Solar Group is one of the top stocks in return on equity category among its peers. It also is one of the top stocks in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Ennogie Solar by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ennogie Solar's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Ennogie Solar Financial Statements
Ennogie Solar investors utilize fundamental indicators, such as revenue or net income, to predict how Ennogie Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Pair Trading with Ennogie Solar
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 Ennogie Solar 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 Ennogie Solar will appreciate offsetting losses from the drop in the long position's value.Moving together with Ennogie Stock
Moving against Ennogie Stock
The ability to find closely correlated positions to Ennogie Solar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ennogie Solar 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 Ennogie Solar - 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 Ennogie Solar Group to buy it.
The correlation of Ennogie Solar 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 Ennogie Solar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ennogie Solar Group 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 Ennogie Solar 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 Ennogie Stock
Ennogie Solar financial ratios help investors to determine whether Ennogie Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Ennogie with respect to the benefits of owning Ennogie Solar security.