Eaton Current Deferred Revenue vs Short Term Investments Analysis
EFT Stock | USD 13.37 0.04 0.30% |
Eaton Vance financial indicator trend analysis is much more than just examining Eaton Vance Floating latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eaton Vance Floating is a good investment. Please check the relationship between Eaton Vance Current Deferred Revenue and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eaton Vance Floating. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Current Deferred Revenue vs Short Term Investments
Current Deferred Revenue vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eaton Vance Floating Current Deferred Revenue account and Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Eaton Vance's Current Deferred Revenue and Short Term Investments is 0.78. Overlapping area represents the amount of variation of Current Deferred Revenue that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Eaton Vance Floating, assuming nothing else is changed. The correlation between historical values of Eaton Vance's Current Deferred Revenue and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Deferred Revenue of Eaton Vance Floating are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Current Deferred Revenue i.e., Eaton Vance's Current Deferred Revenue and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.78 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Short Term Investments
Short Term Investments is an item under the current assets section of Eaton Vance balance sheet. It contains any investments Eaton Vance Floating undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Eaton Vance Floating can easily liquidate in the marketplace.Most indicators from Eaton Vance's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eaton Vance Floating 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 Eaton Vance Floating. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Enterprise Value is likely to gain to about 500.3 M in 2024, whereas Selling General Administrative is likely to drop slightly above 463.5 K in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 25.7M | 44.4M | 39.9M | 37.6M | Other Operating Expenses | 40.0M | 24.8M | 28.5M | 29.1M |
Eaton Vance fundamental ratios Correlations
Click cells to compare fundamentals
Eaton Vance Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eaton Vance fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 810.0M | 938.6M | 620.4M | 580.6M | 522.5M | 734.2M | |
Total Stockholder Equity | 519.5M | 580.6M | 385.3M | 369.6M | 332.6M | 285.0M | |
Net Tangible Assets | 606.4M | 519.5M | 580.6M | 385.3M | 346.8M | 511.0M | |
Retained Earnings | (105.3M) | (44.1M) | (81.8M) | (97.5M) | (112.1M) | (117.8M) | |
Accounts Payable | 18.8M | 24.3M | 7.0M | 11.9M | 10.7M | 18.3M | |
Cash | 3.0M | 5.3M | 2.4M | 8.8M | 7.9M | 6.6M | |
Other Assets | 636.1K | 432.7K | 319.7K | 132.3K | 119.1K | 113.1K | |
Net Receivables | 11.9M | 11.2M | 5.8M | 6.6M | 6.0M | 7.0M | |
Total Liab | 290.5M | 358.0M | 235.1M | 211.0M | 242.7M | 328.4M | |
Long Term Investments | 794.0M | 919.1M | 611.9M | 564.3M | 507.9M | 693.1M | |
Other Current Liab | 191.9M | 253.8M | 148.1M | 119.1M | 107.2M | 167.3M | |
Total Current Liabilities | 210.7M | 278.1M | 155.1M | 131.0M | 117.9M | 187.4M | |
Net Debt | 187.0M | 244.7M | 144.6M | 109.2M | 125.6M | 111.9M | |
Non Current Assets Total | 793.9M | 915.1M | 609.9M | 564.3M | 507.9M | 706.9M | |
Non Currrent Assets Other | (68.5K) | (4.0M) | (2.0M) | (564.3M) | (649.0M) | (681.4M) | |
Cash And Short Term Investments | 3.0M | 9.3M | 4.3M | 8.8M | 7.9M | 6.9M | |
Non Current Liabilities Total | 79.9M | 79.9M | 79.9M | 80.0M | 72.0M | 77.2M | |
Other Stockholder Equity | 104.9M | 43.7M | 81.5M | 97.2M | 87.5M | 111.2M | |
Total Current Assets | 15.4M | 23.1M | 10.2M | 16.1M | 14.5M | 14.2M | |
Other Current Assets | (22.0M) | (26.8M) | (14.5M) | (21.5M) | (19.4M) | (20.3M) | |
Deferred Long Term Liab | 279.5K | 587.4K | 383.9K | 270.9K | 243.8K | 325.5K | |
Short Long Term Debt Total | 190M | 250M | 147M | 118M | 106.2M | 160.9M | |
Liabilities And Stockholders Equity | 810.0M | 938.6M | 620.4M | 580.6M | 522.5M | 651.0M | |
Net Invested Capital | 709.5M | 830.6M | 532.3M | 487.6M | 438.8M | 572.1M | |
Current Deferred Revenue | (190M) | (250M) | (147M) | (118M) | (135.7M) | (142.5M) | |
Short Term Investments | (68.5K) | (4.0M) | (2.0M) | 6.1M | 7.0M | 7.3M | |
Inventory | 1.0 | 29.4M | 14.5M | 22.2M | 25.5M | 18.3M | |
Short Term Debt | 190M | 250M | 147M | 118M | 106.2M | 152.5M |
Pair Trading with Eaton Vance
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 Eaton Vance 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 Eaton Vance will appreciate offsetting losses from the drop in the long position's value.Moving together with Eaton Stock
0.79 | EMLD | FTAC Emerald Acquisition | PairCorr |
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Moving against Eaton Stock
0.82 | LGVC | LAMF Global Ventures Upward Rally | PairCorr |
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0.65 | BBUC | Brookfield Business Corp | PairCorr |
0.61 | V | Visa Class A Financial Report 23rd of July 2024 | PairCorr |
The ability to find closely correlated positions to Eaton Vance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eaton Vance 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 Eaton Vance - 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 Eaton Vance Floating to buy it.
The correlation of Eaton Vance 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 Eaton Vance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eaton Vance Floating 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 Eaton Vance 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 Eaton Vance Floating. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Eaton Vance Floating information on this page should be used as a complementary analysis to other Eaton Vance's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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When running Eaton Vance's price analysis, check to measure Eaton Vance'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 Eaton Vance is operating at the current time. Most of Eaton Vance's value examination focuses on studying past and present price action to predict the probability of Eaton Vance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eaton Vance's price. Additionally, you may evaluate how the addition of Eaton Vance to your portfolios can decrease your overall portfolio volatility.
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Is Eaton Vance'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 Eaton Vance. If investors know Eaton 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 Eaton Vance 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 (0.82) | Dividend Share 1.272 | Earnings Share 1.72 | Revenue Per Share 2.165 | Quarterly Revenue Growth 0.334 |
The market value of Eaton Vance Floating is measured differently than its book value, which is the value of Eaton that is recorded on the company's balance sheet. Investors also form their own opinion of Eaton Vance's value that differs from its market value or its book value, called intrinsic value, which is Eaton Vance'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 Eaton Vance's market value can be influenced by many factors that don't directly affect Eaton Vance'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 Eaton Vance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eaton Vance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eaton Vance'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.