Entree Net Income from 2010 to 2026
| ETG Stock | CAD 3.23 0.06 1.89% |
Net Loss | First Reported 1997-06-30 | Previous Quarter -1.9 M | Current Value -3 M | Quarterly Volatility 1.8 M |
Check Entree Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Entree Resources' main balance sheet or income statement drivers, such as Interest Expense of 227, Selling General Administrative of 3.6 M or Total Revenue of 0.0, as well as many indicators such as Price To Sales Ratio of 188, Dividend Yield of 0.0 or Days Sales Outstanding of 225. Entree financial statements analysis is a perfect complement when working with Entree Resources Valuation or Volatility modules.
Entree | Net Income |
Latest Entree Resources' Net Income Growth Pattern
Below is the plot of the Net Income of Entree Resources over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Entree Resources financial statement analysis. It represents the amount of money remaining after all of Entree Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Entree Resources' Net Loss historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Entree Resources' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported (14.32 K) | 10 Years Trend |
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Net Income |
| Timeline |
Entree Net Income Regression Statistics
| Arithmetic Mean | (6,536,367) | |
| Coefficient Of Variation | (78.54) | |
| Mean Deviation | 4,019,067 | |
| Median | (6,000,000) | |
| Standard Deviation | 5,133,363 | |
| Sample Variance | 26.4T | |
| Range | 17.1M | |
| R-Value | 0.52 | |
| Mean Square Error | 20.6T | |
| R-Squared | 0.27 | |
| Significance | 0.03 | |
| Slope | 526,450 | |
| Total Sum of Squares | 421.6T |
Entree Net Income History
About Entree Resources Financial Statements
Entree Resources investors utilize fundamental indicators, such as Net Income, to predict how Entree 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.
| Last Reported | Projected for Next Year | ||
| Net Loss | -12.9 K | -13.5 K | |
| Net Loss | -12.9 M | -12.2 M | |
| Net Loss | -16.5 M | -17.3 M | |
| Net Income Per E B T | 1.15 | 1.24 |
Pair Trading with Entree Resources
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 Entree Resources 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 Entree Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Entree Stock
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.62 | IE | Ivanhoe Energy | PairCorr |
| 0.69 | ORE | Orezone Gold Corp | PairCorr |
Moving against Entree Stock
The ability to find closely correlated positions to Entree Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Entree Resources 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 Entree Resources - 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 Entree Resources to buy it.
The correlation of Entree Resources 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 Entree Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Entree Resources 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 Entree Resources 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 Entree Stock
Entree Resources financial ratios help investors to determine whether Entree 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 Entree with respect to the benefits of owning Entree Resources security.