Enservco Return On Equity from 2010 to 2024
| ENSV Stock | USD 0.21 0.01 4.55% |
Return On Equity | First Reported 2010-12-31 | Previous Quarter 14.88986014 | Current Value 15.63 | Quarterly Volatility 5.5857766 |
Check Enservco financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Enservco main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.1 M, Interest Expense of 2.2 M or Selling General Administrative of 2.7 M, as well as many exotic indicators such as Price To Sales Ratio of 0.22, Dividend Yield of 0.0 or Days Sales Outstanding of 67.22. Enservco financial statements analysis is a perfect complement when working with Enservco Valuation or Volatility modules.
Enservco | Return On Equity |
Latest Enservco's Return On Equity Growth Pattern
Below is the plot of the Return On Equity of Enservco Co over the last few years. Return on Equity is the amount of Enservco net income returned as a percentage of Enservco equity. Return on equity measures Enservco profitability by revealing how much profit Enservco Co generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Enservco's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Enservco's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported -28.53 | 10 Years Trend |
|
Return On Equity |
| Timeline |
Enservco Return On Equity Regression Statistics
| Arithmetic Mean | 1.68 | |
| Geometric Mean | 0.74 | |
| Coefficient Of Variation | 332.53 | |
| Mean Deviation | 3.66 | |
| Median | (0.38) | |
| Standard Deviation | 5.59 | |
| Sample Variance | 31.20 | |
| Range | 17.2562 | |
| R-Value | 0.54 | |
| Mean Square Error | 23.72 | |
| R-Squared | 0.29 | |
| Significance | 0.04 | |
| Slope | 0.68 | |
| Total Sum of Squares | 436.81 |
Enservco Return On Equity History
About Enservco Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Enservco income statement, its balance sheet, and the statement of cash flows. Enservco investors use historical funamental indicators, such as Enservco's Return On Equity, to determine how well the company is positioned to perform in the future. Although Enservco investors may use each financial statement separately, they are all related. The changes in Enservco's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Enservco'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 Enservco Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Enservco. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Return On Equity | 14.89 | 15.63 |
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 Enservco 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, Enservco's short interest history, or implied volatility extrapolated from Enservco options trading.
Pair Trading with Enservco
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 Enservco 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 Enservco will appreciate offsetting losses from the drop in the long position's value.Moving together with Enservco Stock
| 0.68 | DWSN | Dawson Geophysical | PairCorr |
Moving against Enservco Stock
| 0.63 | NOA | North American Const | PairCorr |
| 0.41 | VTOL | Bristow Group Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Enservco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enservco 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 Enservco - 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 Enservco Co to buy it.
The correlation of Enservco 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 Enservco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enservco 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 Enservco 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 Enservco Correlation against competitors. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Enservco Stock analysis
When running Enservco's price analysis, check to measure Enservco'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 Enservco is operating at the current time. Most of Enservco's value examination focuses on studying past and present price action to predict the probability of Enservco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enservco's price. Additionally, you may evaluate how the addition of Enservco to your portfolios can decrease your overall portfolio volatility.
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Is Enservco'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 Enservco. If investors know Enservco 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 Enservco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 1.078 | Quarterly Revenue Growth (0) | Return On Assets (0.22) | Return On Equity (28.53) |
The market value of Enservco is measured differently than its book value, which is the value of Enservco that is recorded on the company's balance sheet. Investors also form their own opinion of Enservco's value that differs from its market value or its book value, called intrinsic value, which is Enservco'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 Enservco's market value can be influenced by many factors that don't directly affect Enservco'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 Enservco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enservco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enservco'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.