Electro Total Other Income Expense Net vs Net Income Analysis
ELSE Stock | USD 4.15 0.13 3.23% |
Electro Sensors financial indicator trend analysis is much more than just examining Electro Sensors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Electro Sensors is a good investment. Please check the relationship between Electro Sensors Total Other Income Expense Net and its Net Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Electro Sensors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.
Total Other Income Expense Net vs Net Income
Total Other Income Expense Net vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Electro Sensors Total Other Income Expense Net account and Net Income. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Electro Sensors' Total Other Income Expense Net and Net Income is 0.88. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Net Income in the same time period over historical financial statements of Electro Sensors, assuming nothing else is changed. The correlation between historical values of Electro Sensors' Total Other Income Expense Net and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of Electro Sensors are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Total Other Income Expense Net i.e., Electro Sensors' Total Other Income Expense Net and Net Income go up and down completely randomly.
Correlation Coefficient | 0.88 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Total Other Income Expense Net
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Electro Sensors financial statement analysis. It represents the amount of money remaining after all of Electro Sensors operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Electro Sensors' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Electro Sensors 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 Electro Sensors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.At present, Electro Sensors' Enterprise Value Over EBITDA is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 50.22, whereas Selling General Administrative is forecasted to decline to about 1.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.7M | 4.8M | 4.2M | 3.8M | Total Revenue | 8.6M | 9.0M | 8.6M | 6.7M |
Electro Sensors fundamental ratios Correlations
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Electro Sensors Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Electro Sensors fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 13.5M | 13.3M | 13.9M | 14.0M | 14.5M | 13.1M | |
Short Long Term Debt Total | 24K | 18K | 12K | 6K | 5.4K | 5.1K | |
Other Current Liab | 431K | 330K | 342K | 398K | 399K | 667.5K | |
Total Current Liabilities | 565K | 533K | 697K | 630K | 690K | 1.3M | |
Total Stockholder Equity | 12.9M | 12.8M | 13.2M | 13.4M | 13.8M | 11.3M | |
Property Plant And Equipment Net | 1.1M | 989K | 1.0M | 975K | 951K | 1.2M | |
Net Debt | (8.8M) | (1.1M) | (6.7M) | (7.6M) | (9.9M) | (9.4M) | |
Retained Earnings | 10.5M | 10.4M | 10.8M | 10.9M | 11.2M | 8.0M | |
Cash | 8.8M | 1.1M | 6.7M | 7.6M | 9.9M | 10.4M | |
Non Current Assets Total | 1.8M | 1.5M | 1.3M | 1.2M | 1.3M | 2.1M | |
Non Currrent Assets Other | 1.8M | (1.6M) | (1.2M) | (1.1M) | (949.5K) | (902.0K) | |
Cash And Short Term Investments | 8.8M | 9.1M | 9.8M | 9.7M | 9.9M | 8.2M | |
Net Receivables | 1.0M | 983K | 1.0M | 1.2M | 1.3M | 815.1K | |
Liabilities And Stockholders Equity | 13.5M | 13.3M | 13.9M | 14.0M | 14.5M | 13.1M | |
Non Current Liabilities Total | 19K | 12K | 6K | 280K | 27K | 25.7K | |
Inventory | 1.7M | 1.6M | 1.7M | 1.7M | 1.8M | 1.2M | |
Other Stockholder Equity | 2.0M | 2.0M | 2.0M | 2.2M | 2.2M | 2.3M | |
Total Liab | 584K | 545K | 703K | 630K | 717K | 1.3M | |
Total Current Assets | 11.7M | 11.9M | 12.6M | 12.8M | 13.1M | 11.0M | |
Accounts Payable | 129K | 197K | 349K | 274K | 291K | 156.2K | |
Property Plant And Equipment Gross | 1.1M | 1.1M | 989K | 2.6M | 2.7M | 2.8M | |
Accumulated Other Comprehensive Income | 12K | 32K | (1.6M) | 1K | 900.0 | 855.0 | |
Short Term Investments | 45K | 8.0M | 3.1M | 2.0M | 56K | 53.2K | |
Property Plant Equipment | 1.1M | 989K | 1.0M | 975K | 877.5K | 990.5K | |
Other Assets | 203K | 246K | 208K | 256K | 294.4K | 309.1K | |
Net Tangible Assets | 12.4M | 12.5M | 13.2M | 13.4M | 15.4M | 12.9M | |
Retained Earnings Total Equity | 10.4M | 10.3M | 10.5M | 10.4M | 12.0M | 10.1M | |
Capital Surpluse | 2.0M | 2.0M | 2.0M | 2.0M | 2.3M | 2.0M | |
Intangible Assets | 565K | 489K | 228K | 38K | 43.7K | 41.5K |
Pair Trading with Electro Sensors
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 Electro Sensors 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 Electro Sensors will appreciate offsetting losses from the drop in the long position's value.Moving against Electro Stock
0.5 | KNW | Know Labs Financial Report 20th of May 2024 | PairCorr |
The ability to find closely correlated positions to Electro Sensors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Electro Sensors 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 Electro Sensors - 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 Electro Sensors to buy it.
The correlation of Electro Sensors 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 Electro Sensors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Electro Sensors 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 Electro Sensors 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 Electro Sensors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Electro Stock refer to our How to Trade Electro Stock guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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When running Electro Sensors' price analysis, check to measure Electro Sensors' 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 Electro Sensors is operating at the current time. Most of Electro Sensors' value examination focuses on studying past and present price action to predict the probability of Electro Sensors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Electro Sensors' price. Additionally, you may evaluate how the addition of Electro Sensors to your portfolios can decrease your overall portfolio volatility.
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Is Electro Sensors' 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 Electro Sensors. If investors know Electro 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 Electro Sensors 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 (0.26) | Earnings Share 0.08 | Revenue Per Share 2.496 | Quarterly Revenue Growth 0.096 | Return On Assets 0.0006 |
The market value of Electro Sensors is measured differently than its book value, which is the value of Electro that is recorded on the company's balance sheet. Investors also form their own opinion of Electro Sensors' value that differs from its market value or its book value, called intrinsic value, which is Electro Sensors' 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 Electro Sensors' market value can be influenced by many factors that don't directly affect Electro Sensors' 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 Electro Sensors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Electro Sensors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Electro Sensors' 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.