ENS Price To Sales Ratio vs Free Cash Flow Yield Analysis
| ENS Stock | CAD 13.76 0.02 0.15% |
E Split financial indicator trend analysis is much more than just examining E Split Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether E Split Corp is a good investment. Please check the relationship between E Split Price To Sales Ratio and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in E Split Corp. 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.
Price To Sales Ratio vs Free Cash Flow Yield
Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of E Split Corp Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.
The correlation between E Split's Price To Sales Ratio and Free Cash Flow Yield is 0.26. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of E Split Corp, assuming nothing else is changed. The correlation between historical values of E Split's Price To Sales Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of E Split Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Price To Sales Ratio i.e., E Split's Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.26 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing E Split Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on E Split sales, a figure that is much harder to manipulate than other E Split Corp 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.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from E Split's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into E Split Corp 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 E Split Corp. 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. As of the 23rd of November 2024, Enterprise Value is likely to grow to about 437.3 M, while Selling General Administrative is likely to drop about 641 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Income | 19.2K | 97.1K | 461.0K | 484.0K | Net Interest Income | 18.2K | 97.1K | 461.0K | 484.0K |
E Split fundamental ratios Correlations
Click cells to compare fundamentals
E Split Account Relationship Matchups
High Positive Relationship
High Negative Relationship
E Split fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 83.8M | 118.2M | 403.7M | 417.8M | 458.1M | 284.8M | |
| Short Long Term Debt Total | 31.9M | 500K | 171.0M | 171.0M | 215.6M | 108.4M | |
| Other Current Liab | 31.9M | (1.6M) | (4.6M) | (4.7M) | (6.9M) | (6.6M) | |
| Total Current Liabilities | 32.9M | 1.6M | 4.6M | 4.7M | 6.9M | 11.3M | |
| Total Stockholder Equity | 50.9M | 57.7M | 228.0M | 242.0M | 235.5M | 156.2M | |
| Net Debt | 30.7M | (1.5M) | 152.0M | 161.3M | 199.1M | 209.1M | |
| Accounts Payable | 962.1K | 1.6M | 4.6M | 4.7M | 6.9M | 3.6M | |
| Cash | 1.2M | 2.0M | 19.0M | 9.7M | 16.5M | 9.3M | |
| Non Current Assets Total | 8.5K | 116.2M | 384.7M | 408.0M | 441.5M | 260.4M | |
| Non Currrent Assets Other | (82.6M) | (116.2M) | (384.7M) | (408.0M) | (441.5M) | (419.4M) | |
| Cash And Short Term Investments | 83.8M | 2.0M | 19.0M | 9.7M | 16.5M | 17.7M | |
| Net Receivables | 9.6K | 14.7K | 7.8K | 7.5K | 126.9K | 133.3K | |
| Common Stock Shares Outstanding | 3.2M | 4.2M | 10.0M | 17.1M | 18.1M | 10.2M | |
| Short Term Investments | 82.6M | 116.2M | 384.7M | 408.0M | 441.5M | 275.5M | |
| Liabilities And Stockholders Equity | 83.8M | 118.2M | 403.7M | 417.8M | 458.1M | 284.8M | |
| Non Current Liabilities Total | 0.0 | 500K | 4.6M | 4.7M | 5.4M | 5.7M | |
| Inventory | (82.6M) | (116.2M) | (384.7M) | (408.0M) | (441.5M) | (419.4M) | |
| Other Current Assets | 82.6M | 116.2M | 384.7M | 408.0M | 441.5M | 262.7M | |
| Total Liab | 32.9M | 60.6M | 4.6M | 175.8M | 6.9M | 6.6M | |
| Long Term Investments | 82.6M | 116.2M | 384.7M | 408.0M | 441.5M | 275.5M | |
| Total Current Assets | 83.8M | 2.0M | 19.0M | 9.7M | 16.6M | 27.1M | |
| Short Term Debt | 31.9M | 58.9M | 171.0M | 171.0M | 215.6M | 119.1M | |
| Common Stock | 50.9M | 57.7M | 228.0M | 242.0M | 235.5M | 156.2M |
Pair Trading with E Split
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 E Split 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 E Split will appreciate offsetting losses from the drop in the long position's value.Moving together with ENS Stock
| 0.89 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.65 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.84 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to E Split could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace E Split 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 E Split - 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 E Split Corp to buy it.
The correlation of E Split 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 E Split moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if E Split Corp 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 E Split 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 ENS Stock
Balance Sheet is a snapshot of the financial position of E Split Corp at a specified time, usually calculated after every quarter, six months, or one year. E Split Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of E Split 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 ENS currently owns. An asset can also be divided into two categories, current and non-current.