Evgo Short Long Term Debt vs Retained Earnings Analysis
| EVGO Stock | USD 6.36 0.11 1.76% |
Evgo financial indicator trend analysis is much more than just examining Evgo Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Evgo Inc is a good investment. Please check the relationship between Evgo Short Long Term Debt and its Retained Earnings accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evgo Inc. 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.
Short Long Term Debt vs Retained Earnings
Short Long Term Debt vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Evgo Inc Short Long Term Debt account and Retained Earnings. At this time, the significance of the direction appears to have no relationship.
The correlation between Evgo's Short Long Term Debt and Retained Earnings is 0.07. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Evgo Inc, assuming nothing else is changed. The correlation between historical values of Evgo's Short Long Term Debt 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 Short Long Term Debt of Evgo Inc 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 Short Long Term Debt i.e., Evgo's Short Long Term Debt and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.07 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Short Long Term Debt
The total of a company's short-term and long-term borrowings.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 Evgo's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Evgo Inc 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 Evgo Inc. 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, Evgo's Issuance Of Capital Stock is very stable compared to the past year. As of the 23rd of November 2024, Sales General And Administrative To Revenue is likely to grow to 1.49, while Selling General Administrative is likely to drop about 87.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 83.0M | 143.9M | 163.1M | 100.4M | Cost Of Revenue | 29.0M | 60.2M | 151.2M | 158.8M |
Evgo fundamental ratios Correlations
Click cells to compare fundamentals
Evgo Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Evgo fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 29.5K | 18.9M | 43.9M | 52.3M | 44.1M | 30.0M | |
| Total Current Liabilities | 14.3M | 63.6M | 46.9M | 87.3M | 89.3M | 58.0M | |
| Other Liab | 40.9M | 29.1M | 111.5M | 79.6M | 91.5M | 65.6M | |
| Net Tangible Assets | (84.4M) | (580.6K) | (1.5B) | (449.8M) | (404.8M) | (425.0M) | |
| Retained Earnings | (104.5M) | (47.8M) | (1.4B) | (375.7M) | (248.5M) | (261.0M) | |
| Accounts Payable | 1.8M | 3.0M | 2.9M | 9.1M | 10.1M | 6.2M | |
| Other Assets | 812.4K | 230.0M | 3.4M | 2.6M | 3.0M | 2.8M | |
| Net Receivables | 1.5M | 5.4M | 13.7M | 19.1M | 44.2M | 46.4M | |
| Inventory | 181.5K | 12.0K | 6.4M | 5.0M | 5.7M | 6.0M | |
| Other Current Assets | 94.1K | 6.6M | 7.8M | 10.2M | 14.1M | 7.1M | |
| Total Current Assets | 5.0M | 20.0M | 506.3M | 275.5M | 267.4M | 200.9M | |
| Property Plant Equipment | 61.0M | 71.3M | 133.3M | 360.0M | 414.0M | 434.7M |
Pair Trading with Evgo
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 Evgo 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 Evgo will appreciate offsetting losses from the drop in the long position's value.Moving against Evgo Stock
| 0.8 | ARHS | Arhaus Inc | PairCorr |
| 0.62 | FL | Foot Locker Earnings Call This Week | PairCorr |
| 0.6 | AN | AutoNation | PairCorr |
| 0.57 | PAG | Penske Automotive | PairCorr |
| 0.48 | HVT | Haverty Furniture | PairCorr |
The ability to find closely correlated positions to Evgo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evgo 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 Evgo - 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 Evgo Inc to buy it.
The correlation of Evgo 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 Evgo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evgo Inc 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 Evgo 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 Evgo Inc. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Automotive Retail 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 Evgo. If investors know Evgo 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 Evgo 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 (0.90) | Earnings Share (0.42) | Revenue Per Share 2.282 | Quarterly Revenue Growth 0.924 | Return On Assets (0.1) |
The market value of Evgo Inc is measured differently than its book value, which is the value of Evgo that is recorded on the company's balance sheet. Investors also form their own opinion of Evgo's value that differs from its market value or its book value, called intrinsic value, which is Evgo'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 Evgo's market value can be influenced by many factors that don't directly affect Evgo'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 Evgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evgo'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.