Ellington Common Stock Shares Outstanding vs Retained Earnings Analysis

EFC-PE Stock   25.58  0.03  0.12%   
Ellington Financial financial indicator trend analysis is much more than just examining Ellington Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Financial is a good investment. Please check the relationship between Ellington Financial Common Stock Shares Outstanding and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Financial. 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.
For information on how to trade Ellington Stock refer to our How to Trade Ellington Stock guide.

Common Stock Shares Outstanding vs Retained Earnings

Common Stock Shares Outstanding vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Financial Common Stock Shares Outstanding account and Retained Earnings. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Ellington Financial's Common Stock Shares Outstanding and Retained Earnings is -0.69. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Ellington Financial, assuming nothing else is changed. The correlation between historical values of Ellington Financial's Common Stock Shares Outstanding and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Ellington Financial are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Common Stock Shares Outstanding i.e., Ellington Financial's Common Stock Shares Outstanding and Retained Earnings go up and down completely randomly.

Correlation Coefficient

-0.69
Relationship DirectionNegative 
Relationship StrengthWeak

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Ellington Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Financial 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 Ellington Financial. 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.
For information on how to trade Ellington Stock refer to our How to Trade Ellington Stock guide.At present, Ellington Financial's Enterprise Value is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Income175.5M282.2M370.2M275.4M
Net Interest Income131.5M140.4M107.7M98.3M

Ellington Financial fundamental ratios Correlations

-0.94-0.27-0.290.290.330.920.9-0.55-0.59-0.60.90.66-0.59-0.68-0.72-0.53-0.430.75-0.6-0.72-0.95-0.6-0.6-0.61-0.68
-0.940.40.16-0.16-0.2-0.98-0.910.730.780.8-0.93-0.80.780.880.90.70.58-0.880.810.90.990.80.80.810.87
-0.270.4-0.830.840.8-0.48-0.10.80.80.79-0.04-0.870.80.310.680.860.97-0.770.790.610.260.790.80.780.53
-0.290.16-0.83-1.0-0.99-0.07-0.45-0.46-0.41-0.4-0.50.46-0.410.15-0.22-0.52-0.70.31-0.4-0.150.31-0.4-0.41-0.38-0.1
0.29-0.160.84-1.01.00.070.460.480.40.410.49-0.470.4-0.130.230.550.71-0.320.40.17-0.310.410.420.390.12
0.33-0.20.8-0.991.00.130.510.470.350.370.52-0.430.35-0.150.20.530.68-0.270.370.15-0.350.370.380.350.11
0.92-0.98-0.48-0.070.070.130.92-0.7-0.84-0.820.860.83-0.84-0.82-0.89-0.69-0.630.91-0.82-0.85-0.96-0.82-0.82-0.83-0.8
0.9-0.91-0.1-0.450.460.510.92-0.4-0.61-0.570.940.54-0.61-0.77-0.69-0.37-0.280.68-0.57-0.67-0.96-0.57-0.57-0.58-0.64
-0.550.730.8-0.460.480.47-0.7-0.40.850.94-0.5-0.940.850.740.931.00.92-0.90.940.940.610.940.940.940.92
-0.590.780.8-0.410.40.35-0.84-0.610.850.98-0.54-0.951.00.760.940.870.89-0.970.980.870.70.980.980.970.82
-0.60.80.79-0.40.410.37-0.82-0.570.940.98-0.57-0.970.980.820.980.950.91-0.971.00.940.711.01.01.00.91
0.9-0.93-0.04-0.50.490.520.860.94-0.5-0.54-0.570.53-0.54-0.86-0.72-0.44-0.260.66-0.58-0.75-0.97-0.58-0.57-0.59-0.76
0.66-0.8-0.870.46-0.47-0.430.830.54-0.94-0.95-0.970.53-0.95-0.71-0.95-0.96-0.960.98-0.97-0.9-0.69-0.97-0.97-0.96-0.85
-0.590.780.8-0.410.40.35-0.84-0.610.851.00.98-0.54-0.950.760.940.870.89-0.970.980.870.70.980.980.970.82
-0.680.880.310.15-0.13-0.15-0.82-0.770.740.760.82-0.86-0.710.760.90.70.53-0.790.820.920.860.820.820.830.95
-0.720.90.68-0.220.230.2-0.89-0.690.930.940.98-0.72-0.950.940.90.920.84-0.970.980.980.830.980.980.980.96
-0.530.70.86-0.520.550.53-0.69-0.371.00.870.95-0.44-0.960.870.70.920.95-0.910.950.910.580.940.950.940.88
-0.430.580.97-0.70.710.68-0.63-0.280.920.890.91-0.26-0.960.890.530.840.95-0.890.910.780.450.910.920.90.73
0.75-0.88-0.770.31-0.32-0.270.910.68-0.9-0.97-0.970.660.98-0.97-0.79-0.97-0.91-0.89-0.97-0.93-0.8-0.97-0.97-0.97-0.88
-0.60.810.79-0.40.40.37-0.82-0.570.940.981.0-0.58-0.970.980.820.980.950.91-0.970.940.711.01.01.00.91
-0.720.90.61-0.150.170.15-0.85-0.670.940.870.94-0.75-0.90.870.920.980.910.78-0.930.940.830.940.940.950.99
-0.950.990.260.31-0.31-0.35-0.96-0.960.610.70.71-0.97-0.690.70.860.830.580.45-0.80.710.830.710.710.720.8
-0.60.80.79-0.40.410.37-0.82-0.570.940.981.0-0.58-0.970.980.820.980.940.91-0.971.00.940.711.01.00.91
-0.60.80.8-0.410.420.38-0.82-0.570.940.981.0-0.57-0.970.980.820.980.950.92-0.971.00.940.711.01.00.91
-0.610.810.78-0.380.390.35-0.83-0.580.940.971.0-0.59-0.960.970.830.980.940.9-0.971.00.950.721.01.00.92
-0.680.870.53-0.10.120.11-0.8-0.640.920.820.91-0.76-0.850.820.950.960.880.73-0.880.910.990.80.910.910.92
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Ellington Financial Account Relationship Matchups

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Ellington Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Financial'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 Ellington Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Financial Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Financial. 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.
For information on how to trade Ellington Stock refer to our How to Trade Ellington Stock guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Please note, there is a significant difference between Ellington Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Financial'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.