Eni Change To Account Receivables vs Change To Operating Activities Analysis
E Stock | CAD 1.91 0.05 2.55% |
Eni SPA financial indicator trend analysis is much more than just examining Enterprise Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enterprise Group is a good investment. Please check the relationship between Eni SPA Change To Account Receivables and its Change To Operating Activities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Change To Account Receivables vs Change To Operating Activities
Change To Account Receivables vs Change To Operating Activities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enterprise Group Change To Account Receivables account and Change To Operating Activities. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Eni SPA's Change To Account Receivables and Change To Operating Activities is 0.11. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Change To Operating Activities in the same time period over historical financial statements of Enterprise Group, assuming nothing else is changed. The correlation between historical values of Eni SPA's Change To Account Receivables and Change To Operating Activities 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 To Account Receivables of Enterprise Group are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Change To Account Receivables i.e., Eni SPA's Change To Account Receivables and Change To Operating Activities go up and down completely randomly.
Correlation Coefficient | 0.11 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Change To Account Receivables
Change To Operating Activities
Most indicators from Eni SPA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enterprise Group 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 Enterprise Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. At this time, Eni SPA's Selling General Administrative is very stable compared to the past year. Tax Provision is expected to grow at the current pace this year, though Discontinued Operations is likely to grow to (643.5 K).
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 18.7M | 26.9M | 33.5M | 32.7M | Depreciation And Amortization | 5.9M | 4.5M | 5.0M | 4.4M |
Eni SPA fundamental ratios Correlations
Click cells to compare fundamentals
Eni SPA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eni SPA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 58.3M | 52.3M | 51.1M | 55.4M | 72.8M | 57.9M | |
Short Long Term Debt Total | 13.3M | 13.7M | 14.8M | 15.5M | 25.7M | 18.0M | |
Other Current Liab | 116.2K | 1.3M | 1.2M | 605.2K | 1.1M | 1.2M | |
Total Current Liabilities | 12.0M | 2.6M | 2.9M | 2.6M | 3.7M | 5.2M | |
Total Stockholder Equity | 40.3M | 35.0M | 32.2M | 34.8M | 40.8M | 33.7M | |
Net Debt | 12.3M | 12.9M | 13.9M | 14.4M | 21.9M | 16.0M | |
Retained Earnings | (45.7M) | (50.8M) | (53.1M) | (50.9M) | (44.7M) | (42.4M) | |
Accounts Payable | 1.8M | 1.3M | 1.6M | 2.0M | 2.3M | 3.1M | |
Non Current Assets Total | 51.2M | 46.9M | 44.0M | 45.4M | 59.9M | 46.0M | |
Non Currrent Assets Other | (48.4M) | (44.6M) | (41.5M) | (42.3M) | 96.1K | 100.9K | |
Net Receivables | 5.7M | 4.2M | 5.7M | 8.0M | 7.5M | 8.3M | |
Common Stock Shares Outstanding | 54.3M | 50.2M | 48.7M | 49.1M | 51.4M | 35.7M | |
Liabilities And Stockholders Equity | 58.3M | 52.3M | 51.1M | 55.4M | 72.8M | 57.9M | |
Other Stockholder Equity | 12.8M | 14.8M | 17.2M | 18.6M | 20.2M | 31.8M | |
Total Liab | 18.0M | 17.2M | 18.9M | 20.6M | 32.0M | 24.2M | |
Short Term Debt | 10.1M | 1.3M | 1.2M | 605.2K | 1.4M | 1.3M | |
Property Plant And Equipment Net | 48.3M | 44.0M | 40.9M | 41.8M | 55.5M | 40.3M | |
Non Current Liabilities Total | 6.0M | 14.7M | 16.1M | 18.0M | 28.3M | 17.9M | |
Other Current Assets | 182.5K | 160.8K | 265.7K | 549.9K | 1.3M | 817.1K | |
Property Plant And Equipment Gross | 48.3M | 44.0M | 76.1M | 80.9M | 99.0M | 103.9M | |
Total Current Assets | 7.1M | 5.3M | 7.2M | 10.0M | 12.9M | 12.5M | |
Cash | 969.1K | 783.6K | 876.5K | 1.1M | 3.8M | 2.2M | |
Cash And Short Term Investments | 969.1K | 783.6K | 876.5K | 1.1M | 3.8M | 2.2M | |
Inventory | 196.6K | 211.9K | 296.2K | 327.2K | 286.7K | 272.3K | |
Intangible Assets | 93.9K | 261.6K | 201.1K | 146.4K | 96.1K | 91.3K | |
Short Term Investments | 182.5K | 160.8K | 265.7K | 549.9K | 1.3M | 1.4M | |
Common Stock | 73.2M | 71.0M | 68.2M | 67.0M | 65.3M | 73.7M | |
Other Liab | 2.8M | 2.3M | 2.5M | 3.1M | 2.8M | 3.9M | |
Net Tangible Assets | 40.2M | 34.4M | 31.7M | 34.3M | 30.9M | 33.4M | |
Other Assets | 2.8M | 2.3M | 2.5M | 3.1M | 1.0 | 0.95 | |
Long Term Debt | 2.4M | 11.6M | 13.2M | 14.4M | 21.3M | 14.9M | |
Short Long Term Debt | 9.5M | 288.0K | 454.4K | 114K | 204.8K | 194.6K | |
Property Plant Equipment | 48.3M | 44.0M | 40.9M | 41.8M | 37.6M | 43.9M | |
Long Term Debt Total | 3.1M | 12.4M | 13.6M | 14.9M | 13.4M | 13.5M | |
Capital Surpluse | 12.8M | 14.8M | 17.2M | 18.6M | 21.4M | 12.3M | |
Capital Lease Obligations | 1.4M | 1.6M | 1.1M | 1.0M | 4.2M | 4.4M | |
Cash And Equivalents | 969.1K | 783.6K | 876.5K | 1.1M | 1.2M | 1.0M |
Pair Trading with Eni SPA
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 Eni SPA 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 Eni SPA will appreciate offsetting losses from the drop in the long position's value.Moving together with Eni Stock
0.84 | ENB-PFV | Enbridge Pref 5 | PairCorr |
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0.68 | ENB-PFU | Enbridge Pref L | PairCorr |
0.73 | ENS | E Split Corp | PairCorr |
0.76 | ENS-PA | E Split Corp | PairCorr |
Moving against Eni Stock
The ability to find closely correlated positions to Eni SPA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eni SPA 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 Eni SPA - 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 Enterprise Group to buy it.
The correlation of Eni SPA 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 Eni SPA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enterprise 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 Eni SPA 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 Eni Stock
Balance Sheet is a snapshot of the financial position of Enterprise Group at a specified time, usually calculated after every quarter, six months, or one year. Eni SPA Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Eni SPA 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 Eni currently owns. An asset can also be divided into two categories, current and non-current.