Eshallgo Net Debt vs Inventory Analysis
| EHGO Stock | 4.00 0.19 4.99% |
Eshallgo financial indicator trend analysis is much more than just examining Eshallgo Class A latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eshallgo Class A is a good investment. Please check the relationship between Eshallgo Net Debt and its Inventory accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eshallgo Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Net Debt vs Inventory
Net Debt vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eshallgo Class A Net Debt account and Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Eshallgo's Net Debt and Inventory is -0.41. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Eshallgo Class A, assuming nothing else is changed. The correlation between historical values of Eshallgo's Net Debt and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Eshallgo Class A are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Debt i.e., Eshallgo's Net Debt and Inventory go up and down completely randomly.
Correlation Coefficient | -0.41 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Inventory
Most indicators from Eshallgo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eshallgo Class A 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 Eshallgo Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Eshallgo's Tax Provision is very stable compared to the past year. As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 656.6 K, while Selling General Administrative is likely to drop about 2.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Net Interest Income | 27.2K | 17.5K | 10.6K | 14.8K | Tax Provision | 163.6K | 107.8K | 124.8K | 142.3K |
Eshallgo fundamental ratios Correlations
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Eshallgo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Eshallgo
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 Eshallgo 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 Eshallgo will appreciate offsetting losses from the drop in the long position's value.Moving together with Eshallgo Stock
Moving against Eshallgo Stock
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| 0.51 | NTIP | Network 1 Technologies | PairCorr |
The ability to find closely correlated positions to Eshallgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eshallgo 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 Eshallgo - 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 Eshallgo Class A to buy it.
The correlation of Eshallgo 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 Eshallgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eshallgo Class A 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 Eshallgo 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eshallgo Class A. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is Electronic Equipment, Instruments & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eshallgo. If investors know Eshallgo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eshallgo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.269 | Revenue Per Share 0.831 | Quarterly Revenue Growth (0.06) | Return On Assets 0.0282 | Return On Equity 0.05 |
The market value of Eshallgo Class A is measured differently than its book value, which is the value of Eshallgo that is recorded on the company's balance sheet. Investors also form their own opinion of Eshallgo's value that differs from its market value or its book value, called intrinsic value, which is Eshallgo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eshallgo's market value can be influenced by many factors that don't directly affect Eshallgo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eshallgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eshallgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eshallgo'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.