Evolution Depreciation And Amortization from 2010 to 2024
| EPM Stock | USD 5.79 0.01 0.17% |
Check Evolution Petroleum financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Evolution main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . Evolution financial statements analysis is a perfect complement when working with Evolution Petroleum Valuation or Volatility modules.
Evolution |
About Evolution Petroleum Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Evolution Petroleum income statement, its balance sheet, and the statement of cash flows. Evolution Petroleum investors use historical funamental indicators, such as Evolution Petroleum's Depreciation And Amortization, to determine how well the company is positioned to perform in the future. Although Evolution Petroleum investors may use each financial statement separately, they are all related. The changes in Evolution Petroleum's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Evolution Petroleum'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 Evolution Petroleum Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Evolution Petroleum. Please read more on our technical analysis and fundamental analysis pages.
Evolution Petroleum Corporation, an energy company, engages in the development, production, ownership, and exploitation of onshore oil and gas properties in the United States. Evolution Petroleum Corporation was founded in 2003 and is based in Houston, Texas. Evolution Petroleum operates under Oil Gas EP classification in the United States and is traded on AMEX Exchange. It employs 8 people.
Pair Trading with Evolution Petroleum
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 Evolution Petroleum 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 Evolution Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Evolution Stock
| 0.65 | AR | Antero Resources Corp | PairCorr |
| 0.78 | PR | Permian Resources Financial Report 13th of May 2024 | PairCorr |
| 0.82 | SD | SandRidge Energy | PairCorr |
| 0.86 | SM | SM Energy | PairCorr |
Moving against Evolution Stock
| 0.62 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Evolution Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Evolution Petroleum 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 Evolution Petroleum - 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 Evolution Petroleum to buy it.
The correlation of Evolution Petroleum 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 Evolution Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolution Petroleum 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 Evolution Petroleum 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 Evolution Petroleum Correlation against competitors. To learn how to invest in Evolution Stock, please use our How to Invest in Evolution Petroleum guide.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 Evolution Stock analysis
When running Evolution Petroleum's price analysis, check to measure Evolution Petroleum'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 Evolution Petroleum is operating at the current time. Most of Evolution Petroleum's value examination focuses on studying past and present price action to predict the probability of Evolution Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evolution Petroleum's price. Additionally, you may evaluate how the addition of Evolution Petroleum to your portfolios can decrease your overall portfolio volatility.
| USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |
Is Evolution Petroleum'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 Evolution Petroleum. If investors know Evolution 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 Evolution Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Evolution Petroleum is measured differently than its book value, which is the value of Evolution that is recorded on the company's balance sheet. Investors also form their own opinion of Evolution Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Evolution Petroleum'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 Evolution Petroleum's market value can be influenced by many factors that don't directly affect Evolution Petroleum'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 Evolution Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evolution Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evolution Petroleum'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.