ESSA Return On Assets from 2010 to 2024

ESSA Stock  USD 16.67  0.02  0.12%   
ESSA Bancorp's Return On Assets are increasing over the years with slightly volatile fluctuation. Overall, Return On Assets are expected to go to 0.01 this year. Return On Assets is a profitability ratio that indicates the percentage of profit ESSA Bancorp earns in relation to its overall resources. It is calculated by dividing net income by total assets. View All Fundamentals
 
Return On Assets  
First Reported
2010-12-31
Previous Quarter
0.01004155
Current Value
0.0105
Quarterly Volatility
0.00288655
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ESSA Bancorp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ESSA main balance sheet or income statement drivers, such as Interest Expense of 12.4 M, Total Revenue of 43.6 M or Gross Profit of 43.6 M, as well as many exotic indicators such as Price To Sales Ratio of 47.71, Dividend Yield of 0.0462 or PTB Ratio of 4.95. ESSA financial statements analysis is a perfect complement when working with ESSA Bancorp Valuation or Volatility modules.
  
This module can also supplement ESSA Bancorp's financial leverage analysis and stock options assessment as well as various ESSA Bancorp Technical models . Check out the analysis of ESSA Bancorp Correlation against competitors.
For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.

Latest ESSA Bancorp's Return On Assets Growth Pattern

Below is the plot of the Return On Assets of ESSA Bancorp over the last few years. It is 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. ESSA Bancorp's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ESSA Bancorp's overall financial position and show how it may be relating to other accounts over time.
Return On Assets10 Years Trend
Slightly volatile
   Return On Assets   
       Timeline  

ESSA Return On Assets Regression Statistics

Arithmetic Mean0.01
Geometric Mean0.01
Coefficient Of Variation43.48
Mean Deviation0
Median0.01
Standard Deviation0
Sample Variance0.00000833
Range0.0106
R-Value0.74
Mean Square Error0.00000403
R-Squared0.55
Significance0
Slope0.0005
Total Sum of Squares0.0001

ESSA Return On Assets History

2024 0.0105
2023 0.01
2022 0.0081
2021 0.0108
2020 0.008823
2019 0.007613
2018 0.007015

About ESSA Bancorp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include ESSA Bancorp income statement, its balance sheet, and the statement of cash flows. ESSA Bancorp investors use historical funamental indicators, such as ESSA Bancorp's Return On Assets, to determine how well the company is positioned to perform in the future. Although ESSA Bancorp investors may use each financial statement separately, they are all related. The changes in ESSA Bancorp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on ESSA Bancorp'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 ESSA Bancorp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in ESSA Bancorp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Assets 0.01  0.01 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ESSA Bancorp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ESSA Bancorp's short interest history, or implied volatility extrapolated from ESSA Bancorp options trading.

Pair Trading with ESSA Bancorp

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 ESSA Bancorp 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 ESSA Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with ESSA Stock

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Moving against ESSA Stock

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The ability to find closely correlated positions to ESSA Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESSA Bancorp 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 ESSA Bancorp - 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 ESSA Bancorp to buy it.
The correlation of ESSA Bancorp 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 ESSA Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESSA Bancorp 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 ESSA Bancorp 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.
Pair CorrelationCorrelation Matching
When determining whether ESSA Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ESSA Bancorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Essa Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Essa Bancorp Stock:
Check out the analysis of ESSA Bancorp Correlation against competitors.
For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.
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Is ESSA Bancorp'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 ESSA Bancorp. If investors know ESSA 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 ESSA Bancorp 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
(0.10)
Dividend Share
0.6
Earnings Share
1.86
Revenue Per Share
7.061
Quarterly Revenue Growth
(0.01)
The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp'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 ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp'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 ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp'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.