Enghouse Ebit vs Ebitda Analysis
ENGH Stock | CAD 30.13 0.47 1.54% |
Enghouse Systems financial indicator trend analysis is much more than just examining Enghouse Systems latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enghouse Systems is a good investment. Please check the relationship between Enghouse Systems Ebit and its Ebitda accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enghouse Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Ebit vs Ebitda
Ebit vs Ebitda Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enghouse Systems Ebit account and Ebitda. At this time, the significance of the direction appears to have totally related.
The correlation between Enghouse Systems' Ebit and Ebitda is 1.0. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Ebitda in the same time period over historical financial statements of Enghouse Systems, assuming nothing else is changed. The correlation between historical values of Enghouse Systems' Ebit and Ebitda is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Enghouse Systems are associated (or correlated) with its Ebitda. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ebitda has no effect on the direction of Ebit i.e., Enghouse Systems' Ebit and Ebitda go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Ebit
Ebitda
Most indicators from Enghouse Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enghouse Systems 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 Enghouse Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Enghouse Systems' Selling General Administrative is very stable compared to the past year. As of the 10th of May 2024, Enterprise Value is likely to grow to about 1.5 B, while Tax Provision is likely to drop about 13.4 M.
2021 | 2023 | 2024 (projected) | Interest Expense | 735K | 625.5K | 1.1M | Depreciation And Amortization | 46.7M | 53.7M | 56.4M |
Enghouse Systems fundamental ratios Correlations
Click cells to compare fundamentals
Enghouse Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enghouse Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 763.6M | 674.6M | 705.0M | 783.7M | 901.2M | 946.3M | |
Short Long Term Debt Total | 1.1M | 42.2M | 25.6M | 19.9M | 22.9M | 24.0M | |
Other Current Liab | 39.0M | 52.8M | 29.0M | 13.4M | 15.4M | 7.7M | |
Total Current Liabilities | 206.6M | 174.5M | 163.9M | 197.5M | 227.1M | 238.5M | |
Total Stockholder Equity | 496.3M | 454.3M | 508.2M | 555.3M | 638.6M | 670.6M | |
Property Plant And Equipment Net | 49.1M | 32.2M | 24.2M | 15.5M | 17.8M | 18.7M | |
Net Debt | (143.6M) | (202.6M) | (170.3M) | (205.2M) | (184.7M) | (175.5M) | |
Retained Earnings | 379.4M | 355.0M | 401.2M | 426.4M | 490.4M | 514.9M | |
Accounts Payable | 80.3M | 71.5M | 60.5M | 67.8M | 77.9M | 81.8M | |
Cash | 244.8M | 195.9M | 225.1M | 239.5M | 275.5M | 289.2M | |
Non Current Assets Total | 406.3M | 371.0M | 370.5M | 434.3M | 499.4M | 524.4M | |
Cash And Short Term Investments | 150.3M | 251.8M | 198.8M | 228.1M | 262.3M | 275.4M | |
Net Receivables | 90.8M | 91.5M | 93.6M | 93.4M | 107.4M | 112.8M | |
Common Stock Shares Outstanding | 55.6M | 55.9M | 55.6M | 55.3M | 63.5M | 53.0M | |
Liabilities And Stockholders Equity | 590.6M | 763.6M | 674.6M | 705.0M | 810.7M | 851.3M | |
Non Current Liabilities Total | 60.7M | 45.8M | 33.0M | 30.8M | 35.5M | 20.1M | |
Other Current Assets | 14.8M | 13.3M | 12.8M | 15.5M | 17.8M | 18.7M | |
Other Stockholder Equity | 6.7M | 6.6M | 7.4M | 8.9M | 8.0M | 7.6M | |
Total Liab | 267.3M | 220.3M | 196.8M | 228.3M | 262.6M | 275.7M | |
Property Plant And Equipment Gross | 49.1M | 71.2M | 70.6M | 69.3M | 79.7M | 83.7M | |
Total Current Assets | 357.4M | 303.7M | 334.5M | 349.4M | 401.8M | 421.9M | |
Accumulated Other Comprehensive Income | 4.6M | 11.0M | (14.6M) | (9.0M) | (10.3M) | (9.8M) | |
Short Term Debt | 249K | 9.9M | 7.9M | 6.8M | 6.1M | 5.8M | |
Current Deferred Revenue | 78.4M | 89.9M | 80.6M | 83.1M | 95.6M | 100.4M | |
Short Term Investments | 7.0M | 2.9M | 3.0M | 827K | 744.3K | 707.1K | |
Intangible Assets | 123.6M | 101.8M | 85.9M | 109.7M | 126.1M | 132.4M | |
Good Will | 217.4M | 223.0M | 230.0M | 280.2M | 322.3M | 338.4M | |
Common Stock | 81.6M | 99.4M | 106.5M | 107.0M | 123.1M | 85.3M | |
Other Liab | 26.7M | 28.5M | 28.1M | 19.9M | 22.9M | 27.8M | |
Net Tangible Assets | 76.9M | 155.3M | 129.5M | 192.3M | 221.1M | 232.2M | |
Other Assets | 12.7M | 16.1M | 13.9M | 30.3M | 34.9M | 36.6M | |
Property Plant Equipment | 6.3M | 49.1M | 32.2M | 24.2M | 27.9M | 16.8M | |
Capital Surpluse | 6.7M | 6.6M | 7.4M | 8.9M | 10.2M | 6.5M | |
Long Term Debt Total | 874K | 32.2M | 17.7M | 13.1M | 15.0M | 11.3M | |
Cash And Equivalents | 144.8M | 244.8M | 195.9M | 225.1M | 258.9M | 188.1M | |
Net Invested Capital | 496.3M | 454.3M | 508.2M | 555.3M | 638.6M | 483.7M |
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 Enghouse Systems 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, Enghouse Systems' short interest history, or implied volatility extrapolated from Enghouse Systems options trading.
Pair Trading with Enghouse Systems
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 Enghouse Systems 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 Enghouse Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Enghouse Stock
0.88 | FLOW | Flow Beverage Corp | PairCorr |
Moving against Enghouse Stock
0.8 | LCX | Lycos Energy | PairCorr |
0.57 | CH | CHARBONE Hydrogen | PairCorr |
The ability to find closely correlated positions to Enghouse Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enghouse Systems 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 Enghouse Systems - 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 Enghouse Systems to buy it.
The correlation of Enghouse Systems 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 Enghouse Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enghouse Systems 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 Enghouse Systems 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 Enghouse Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for Enghouse Stock analysis
When running Enghouse Systems' price analysis, check to measure Enghouse Systems' 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 Enghouse Systems is operating at the current time. Most of Enghouse Systems' value examination focuses on studying past and present price action to predict the probability of Enghouse Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enghouse Systems' price. Additionally, you may evaluate how the addition of Enghouse Systems to your portfolios can decrease your overall portfolio volatility.
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