Enthusiast Historical Financial Ratios
| EGLX Stock | CAD 0.16 0.02 11.11% |
Enthusiast Gaming is recently reporting on over 94 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.29 or Days Sales Outstanding of 118 will help investors to properly organize and evaluate Enthusiast Gaming financial condition quickly.
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About Enthusiast Financial Ratios Analysis
Enthusiast GamingFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Enthusiast Gaming investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Enthusiast financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Enthusiast Gaming history.
Enthusiast Gaming Financial Ratios Chart
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Price To Sales Ratio
Price to Sales Ratio is figured by comparing Enthusiast Gaming stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Enthusiast Gaming sales, a figure that is much harder to manipulate than other Enthusiast Gaming Holdings multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Return On Assets
A profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets.Most ratios from Enthusiast Gaming's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into Enthusiast Gaming current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 Enthusiast Gaming Holdings. 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. At this time, Enthusiast Gaming's Days Sales Outstanding is very stable compared to the past year. As of the 25th of November 2024, Days Payables Outstanding is likely to grow to 149.82, while Price To Sales Ratio is likely to drop 0.23.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 74.88 | 68.9 | 63.06 | 117.94 | PTB Ratio | 1.71 | 0.42 | 0.31 | 0.29 |
Enthusiast Gaming fundamentals Correlations
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Enthusiast Gaming Account Relationship Matchups
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Enthusiast Gaming fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Ptb Ratio | 0.63 | 2.66 | 1.71 | 0.42 | 0.31 | 0.29 | |
| Book Value Per Share | 2.41 | 3.13 | 1.7 | 2.17 | 1.77 | 0.97 | |
| Free Cash Flow Yield | (0.22) | (0.0405) | (0.0526) | (0.25) | (0.0656) | (0.0689) | |
| Operating Cash Flow Per Share | (0.42) | (0.18) | (0.2) | (0.19) | (0.0186) | (0.0195) | |
| Pb Ratio | 0.63 | 2.66 | 1.71 | 0.42 | 0.31 | 0.29 | |
| Free Cash Flow Per Share | (0.43) | (0.18) | (0.2) | (0.19) | (0.0187) | (0.0196) | |
| Net Income Per Share | (2.07) | (0.32) | (0.43) | (0.54) | (0.77) | (0.81) | |
| Cash Per Share | 0.37 | 0.0533 | 0.19 | 0.0525 | 0.0447 | 0.0425 | |
| Pocfratio | (4.69) | (24.7) | (19.01) | (3.99) | (15.35) | (16.12) | |
| Pfcf Ratio | (4.63) | (24.69) | (19.01) | (3.99) | (15.24) | (16.01) | |
| Income Quality | 0.2 | 0.57 | 0.45 | 0.35 | 0.0242 | 0.023 | |
| Roe | (0.66) | (0.19) | (0.2) | (0.3) | (0.82) | (0.87) | |
| Ev To Operating Cash Flow | (5.58) | (26.97) | (18.6) | (4.46) | (21.29) | (22.35) | |
| Pe Ratio | (0.95) | (14.07) | (8.65) | (1.38) | (0.37) | (0.39) | |
| Return On Tangible Assets | (3.01) | (0.77) | (0.82) | (1.45) | (2.3) | (2.42) | |
| Ev To Free Cash Flow | (5.51) | (26.95) | (18.59) | (4.46) | (21.13) | (22.19) | |
| Earnings Yield | (1.05) | (0.0711) | (0.12) | (0.72) | (2.7) | (2.56) | |
| Net Debt To E B I T D A | (0.19) | (2.37) | 0.24 | (0.21) | (0.52) | (0.55) | |
| Current Ratio | 2.06 | 0.79 | 0.87 | 0.81 | 0.53 | 0.5 | |
| Tangible Book Value Per Share | (0.65) | (0.54) | (0.51) | (0.24) | (0.28) | (0.26) | |
| Graham Number | 12.09 | 3.51 | 4.58 | 4.62 | 4.01 | 5.81 | |
| Shareholders Equity Per Share | 3.13 | 1.7 | 2.17 | 1.77 | 0.93 | 0.89 | |
| Graham Net Net | (0.83) | (0.71) | (0.63) | (0.35) | (0.41) | (0.39) |
Pair Trading with Enthusiast Gaming
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 Enthusiast Gaming 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 Enthusiast Gaming will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Enthusiast Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enthusiast Gaming 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 Enthusiast Gaming - 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 Enthusiast Gaming Holdings to buy it.
The correlation of Enthusiast Gaming 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 Enthusiast Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enthusiast Gaming 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 Enthusiast Gaming 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 Enthusiast Stock
Enthusiast GamingFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate Enthusiast Gaming investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on Enthusiast financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across Enthusiast Gaming history.