Ellington Residential Mortgage Stock Net Income
| EARN Stock | USD 6.67 0.05 0.74% |
Ellington Residential Mortgage fundamentals help investors to digest information that contributes to Ellington Residential's financial success or failures. It also enables traders to predict the movement of Ellington Stock. The fundamental analysis module provides a way to measure Ellington Residential's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Ellington Residential stock.
| Last Reported | Projected for Next Year | ||
| Net Income From Continuing Ops | 3.8 M | 3.2 M | |
| Net Loss | -27.2 M | -25.8 M | |
| Net Income | 4.6 M | 2.6 M | |
| Net Income Per Share | 0.31 | 0.37 | |
| Net Income Per E B T | 0.00 | 0.00 |
Ellington | Net Income |
Ellington Residential Mortgage Company Net Income Analysis
Ellington Residential's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Ellington Residential Net Income | 4.56 M |
Most of Ellington Residential's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ellington Residential Mortgage is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Based on the recorded statements, Ellington Residential Mortgage reported net income of 4.56 M. This is 98.17% lower than that of the Mortgage Real Estate Investment Trusts (REITs) sector and significantly higher than that of the Financials industry. The net income for all United States stocks is 99.2% higher than that of the company.
Ellington Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ellington Residential's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ellington Residential could also be used in its relative valuation, which is a method of valuing Ellington Residential by comparing valuation metrics of similar companies.Ellington Residential is currently under evaluation in net income category among related companies.
Ellington Residential Current Valuation Drivers
We derive many important indicators used in calculating different scores of Ellington Residential from analyzing Ellington Residential's financial statements. These drivers represent accounts that assess Ellington Residential's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Ellington Residential's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 135.2M | 161.1M | 131.8M | 90.3M | 91.2M | 136.2M | |
| Enterprise Value | 1.4B | 1.1B | 1.1B | 897.9M | 782.2M | 424.0M |
Ellington Residential Institutional Holders
Institutional Holdings refers to the ownership stake in Ellington Residential that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ellington Residential's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ellington Residential's value.| Shares | Thrivent Financial For Lutherans | 2023-12-31 | 75.8 K | Millennium Management Llc | 2023-12-31 | 70.7 K | Tudor Investment Corp Et Al | 2023-12-31 | 64.2 K | Northern Trust Corp | 2023-12-31 | 57.5 K | State Street Corporation | 2023-12-31 | 56.6 K | Envestnet Asset Management Inc | 2023-12-31 | 56.2 K | T. Rowe Price Associates, Inc. | 2023-12-31 | 50.2 K | Gsa Capital Partners Llp | 2023-12-31 | 48.1 K | Amvescap Plc. | 2023-12-31 | 40.2 K | Vanguard Group Inc | 2023-12-31 | 789.9 K | Renaissance Technologies Corp | 2023-12-31 | 506.3 K |
Ellington Fundamentals
| Return On Equity | 0.0367 | ||||
| Return On Asset | 0.0046 | ||||
| Operating Margin | 1.05 % | ||||
| Current Valuation | 757.25 M | ||||
| Shares Outstanding | 19.82 M | ||||
| Shares Owned By Insiders | 2.00 % | ||||
| Shares Owned By Institutions | 20.50 % | ||||
| Number Of Shares Shorted | 312.59 K | ||||
| Price To Earning | 2.40 X | ||||
| Price To Book | 0.96 X | ||||
| Price To Sales | 3.85 X | ||||
| Revenue | 13.01 M | ||||
| Gross Profit | 84.58 M | ||||
| EBITDA | 49.81 M | ||||
| Net Income | 4.56 M | ||||
| Cash And Equivalents | 83 M | ||||
| Cash Per Share | 6.35 X | ||||
| Total Debt | 729.54 M | ||||
| Debt To Equity | 8.04 % | ||||
| Current Ratio | 0.17 X | ||||
| Book Value Per Share | 7.32 X | ||||
| Cash Flow From Operations | (10.02 M) | ||||
| Short Ratio | 1.18 X | ||||
| Earnings Per Share | 0.31 X | ||||
| Price To Earnings To Growth | (1.79) X | ||||
| Target Price | 9.83 | ||||
| Beta | 1.9 | ||||
| Market Capitalization | 133.19 M | ||||
| Total Asset | 945.69 M | ||||
| Retained Earnings | (138.65 M) | ||||
| Working Capital | (1.19 B) | ||||
| Current Asset | 131.7 M | ||||
| Current Liabilities | 1.32 B | ||||
| Annual Yield | 0.14 % | ||||
| Five Year Return | 12.31 % | ||||
| Net Asset | 945.69 M | ||||
| Last Dividend Paid | 0.96 |
About Ellington Residential Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Ellington Residential Mortgage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ellington Residential using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ellington Residential Mortgage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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 Ellington Residential 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, Ellington Residential's short interest history, or implied volatility extrapolated from Ellington Residential options trading.
Pair Trading with Ellington Residential
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 Ellington Residential 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 Ellington Residential will appreciate offsetting losses from the drop in the long position's value.Moving together with Ellington Stock
| 0.74 | DIST | Distoken Acquisition | PairCorr |
| 0.66 | AB | AllianceBernstein Earnings Call This Week | PairCorr |
Moving against Ellington Stock
| 0.69 | PX | P10 Inc Financial Report 20th of May 2024 | PairCorr |
| 0.52 | AC | Associated Capital | PairCorr |
The ability to find closely correlated positions to Ellington Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellington Residential 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 Ellington Residential - 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 Ellington Residential Mortgage to buy it.
The correlation of Ellington Residential 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 Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential 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 Ellington Residential 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 Ellington Residential Piotroski F Score and Ellington Residential Altman Z Score analysis. You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.
Complementary Tools for Ellington Stock analysis
When running Ellington Residential's price analysis, check to measure Ellington Residential'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 Ellington Residential is operating at the current time. Most of Ellington Residential's value examination focuses on studying past and present price action to predict the probability of Ellington Residential's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ellington Residential's price. Additionally, you may evaluate how the addition of Ellington Residential to your portfolios can decrease your overall portfolio volatility.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Portfolio Manager State of the art Portfolio Manager to monitor and improve performance of your invested capital | |
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Stocks Directory Find actively traded stocks across global markets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk |
Is Ellington Residential'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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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 (0.15) | Dividend Share 0.96 | Earnings Share 0.31 | Revenue Per Share (0) | Quarterly Revenue Growth (0.83) |
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.