Envela Interest Debt Per Share from 2010 to 2024
ELA Stock | USD 4.38 0.06 1.39% |
Interest Debt Per Share | First Reported 2010-12-31 | Previous Quarter 0.64141212 | Current Value 0.53 | Quarterly Volatility 0.30278879 |
Check Envela Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Envela main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.4 M, Interest Expense of 350.2 K or Total Revenue of 180.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.87, Dividend Yield of 0.0 or PTB Ratio of 2.56. Envela financial statements analysis is a perfect complement when working with Envela Corp Valuation or Volatility modules.
Envela | Interest Debt Per Share |
Latest Envela Corp's Interest Debt Per Share Growth Pattern
Below is the plot of the Interest Debt Per Share of Envela Corp over the last few years. It is Envela Corp's Interest Debt Per Share historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Envela Corp's overall financial position and show how it may be relating to other accounts over time.
Interest Debt Per Share | 10 Years Trend |
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Interest Debt Per Share |
Timeline |
Envela Interest Debt Per Share Regression Statistics
Arithmetic Mean | 0.44 | |
Geometric Mean | 0.24 | |
Coefficient Of Variation | 68.67 | |
Mean Deviation | 0.24 | |
Median | 0.40 | |
Standard Deviation | 0.30 | |
Sample Variance | 0.09 | |
Range | 0.9911 | |
R-Value | 0.44 | |
Mean Square Error | 0.08 | |
R-Squared | 0.20 | |
Significance | 0.1 | |
Slope | 0.03 | |
Total Sum of Squares | 1.28 |
Envela Interest Debt Per Share History
About Envela Corp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Envela Corp income statement, its balance sheet, and the statement of cash flows. Envela Corp investors use historical funamental indicators, such as Envela Corp's Interest Debt Per Share, to determine how well the company is positioned to perform in the future. Although Envela Corp investors may use each financial statement separately, they are all related. The changes in Envela Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Envela Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Envela Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Envela Corp. Please read more on our technical analysis and fundamental analysis pages.
Last Reported | Projected for Next Year | ||
Interest Debt Per Share | 0.64 | 0.53 |
Pair Trading with Envela Corp
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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela 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 Envela Corp 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 the analysis of Envela Corp Correlation against competitors. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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Is Envela Corp's industry 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 Envela Corp. If investors know Envela 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 Envela Corp 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 (0.78) | Earnings Share 0.27 | Revenue Per Share 6.4 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0756 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.