Ellington Market Capitalization vs Enterprise Value Analysis
EARN Stock | USD 6.75 0.08 1.20% |
Ellington Residential financial indicator trend analysis is much more than just examining Ellington Residential latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Residential is a good investment. Please check the relationship between Ellington Residential Market Cap and its Enterprise Value accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
Market Cap vs Enterprise Value
Market Capitalization vs Enterprise Value Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Residential Market Capitalization account and Enterprise Value. At this time, the significance of the direction appears to have very week relationship.
The correlation between Ellington Residential's Market Capitalization and Enterprise Value is 0.26. Overlapping area represents the amount of variation of Market Capitalization that can explain the historical movement of Enterprise Value in the same time period over historical financial statements of Ellington Residential Mortgage, assuming nothing else is changed. The correlation between historical values of Ellington Residential's Market Capitalization and Enterprise Value is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Market Capitalization of Ellington Residential Mortgage are associated (or correlated) with its Enterprise Value. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Enterprise Value has no effect on the direction of Market Capitalization i.e., Ellington Residential's Market Capitalization and Enterprise Value go up and down completely randomly.
Correlation Coefficient | 0.26 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Market Cap
Enterprise Value
Enterprise Value (or EV) is usually referred to as Ellington Residential theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Ellington Residential debt, but would also pocket its cash. Enterprise Value is more accurate representation of Ellington Residential value than its market capitalization because it takes into account all of Ellington Residential Mortgage existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.Most indicators from Ellington Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Residential 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 Ellington Residential Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. At this time, Ellington Residential's Issuance Of Capital Stock is very stable compared to the past year. As of the 23rd of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.09, while Selling General Administrative is likely to drop about 1.1 M.
Ellington Residential fundamental ratios Correlations
Click cells to compare fundamentals
Ellington Residential Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ellington Residential fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Other Current Liab | (3.8M) | (1.5M) | (2.8M) | (50.4M) | (729.5M) | (693.1M) | |
Total Stockholder Equity | 160.8M | 166.4M | 154.2M | 112.4M | 136.2M | 158.1M | |
Net Debt | 1.3B | 957.1M | 995.8M | 807.6M | 691.0M | 408.0M | |
Retained Earnings | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (138.6M) | (131.7M) | |
Cash | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Non Current Assets Total | 1.4B | 1.1B | 1.3B | 893.5M | 848.3M | 1.0B | |
Non Currrent Assets Other | (1.4B) | (1.1B) | (1.3B) | (893.5M) | 431K | 452.6K | |
Other Assets | 6.9M | 3.1M | 124.6M | 69.7M | 54.4M | 57.1M | |
Cash And Short Term Investments | 35.4M | 58.2M | 69.0M | 34.8M | 38.5M | 45.6M | |
Net Receivables | 45.1M | 51.9M | 93.2M | 55.6M | 58.9M | 60.5M | |
Common Stock Total Equity | 125K | 124K | 123K | 131K | 154.1K | 115.3K | |
Common Stock Shares Outstanding | 12.5M | 12.4M | 12.7M | 13.2M | 14.9M | 11.5M | |
Liabilities And Stockholders Equity | 1.5B | 1.2B | 1.6B | 1.1B | 945.7M | 1.5B | |
Non Current Liabilities Total | 32.0M | 13.2M | 379.4M | 50.4M | 79.9M | 75.9M | |
Other Stockholder Equity | 230.4M | 229.6M | 238.9M | 240.9M | 274.7M | 223.9M | |
Total Liab | 3.8M | 1.5M | 2.8M | 941.2M | 809.5M | 691.8M | |
Total Current Assets | 80.5M | 110.1M | 162.2M | 90.4M | 43.1M | 40.9M | |
Common Stock | 125K | 124K | 123K | 131K | 186K | 122.8K | |
Short Long Term Debt Total | 1.3B | 1.0B | 1.1B | 842.5M | 729.5M | 951.4M | |
Total Current Liabilities | 3.8M | 1.5M | 2.8M | 50.4M | 729.5M | 766.0M | |
Net Tangible Assets | 160.8M | 166.4M | 154.2M | 112.4M | 101.2M | 124.6M | |
Accounts Payable | 3.8M | 1.5M | 2.8M | 50.4M | 57.3M | 60.2M | |
Long Term Debt | 2.0M | 6.6M | 1.1M | 3.1M | 3.6M | 4.3M | |
Retained Earnings Total Equity | (69.6M) | (63.3M) | (84.8M) | (128.7M) | (115.8M) | (110.0M) | |
Short Term Investments | 2.1M | 2.8M | 117.5M | 499K | 74.3M | 44.7M | |
Long Term Debt Total | 2.0M | 6.6M | 1.1M | 3.1M | 3.6M | 4.8M | |
Capital Surpluse | 230.4M | 229.6M | 238.9M | 240.9M | 277.1M | 238.8M | |
Long Term Investments | 4.2M | 292K | 6.6M | 68.8M | 773.5M | 812.2M | |
Non Current Liabilities Other | 1.3B | 1.0B | 1.2B | 843.0M | 758.7M | 1.0B | |
Other Current Assets | (80.5M) | (110.1M) | (162.2M) | (90.4M) | (97.4M) | (102.3M) | |
Short Term Debt | 1.3B | 1.0B | 1.1B | 842.5M | 729.5M | 942.4M | |
Capital Stock | 124K | 123K | 131K | 134K | 186K | 150.9K |
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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
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.
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA | |
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Stocks Directory Find actively traded stocks across global markets |
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.