Eastside Invested Capital vs Ev To Sales Analysis
EAST Stock | USD 0.96 0.05 4.95% |
Eastside Distilling financial indicator trend analysis is much more than just examining Eastside Distilling latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eastside Distilling is a good investment. Please check the relationship between Eastside Distilling Invested Capital and its Ev To Sales accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eastside Distilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.
Invested Capital vs Ev To Sales
Invested Capital vs Ev To Sales Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eastside Distilling Invested Capital account and Ev To Sales. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Eastside Distilling's Invested Capital and Ev To Sales is -0.08. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Ev To Sales in the same time period over historical financial statements of Eastside Distilling, assuming nothing else is changed. The correlation between historical values of Eastside Distilling's Invested Capital and Ev To Sales is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Eastside Distilling are associated (or correlated) with its Ev To Sales. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ev To Sales has no effect on the direction of Invested Capital i.e., Eastside Distilling's Invested Capital and Ev To Sales go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Eastside Distilling. There are two different methods for calculating Eastside Distilling invested capital: operating approach and financing approach. Understanding Eastside Distilling invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Ev To Sales
The Enterprise Value to Sales ratio, a valuation metric used to compare the value of a company, including debt and excluding cash, to its sales revenue.Most indicators from Eastside Distilling's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eastside Distilling 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 Eastside Distilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.At this time, Eastside Distilling's Selling General Administrative is comparatively stable compared to the past year. Discontinued Operations is likely to gain to about 4.7 M in 2024, whereas Enterprise Value Multiple is likely to drop (4.08) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 9.4M | 9.0M | 4.9M | 7.0M | Cost Of Revenue | 9.5M | 11.4M | 10.8M | 11.3M |
Eastside Distilling fundamental ratios Correlations
Click cells to compare fundamentals
Eastside Distilling Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Eastside Distilling fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 35.9M | 31.7M | 33.6M | 21.5M | 17.5M | 15.3M | |
Short Long Term Debt Total | 9.2M | 13.3M | 18.1M | 19.0M | 13.9M | 7.0M | |
Other Current Liab | 896.1K | 17.6M | 833K | 2.2M | 575K | 546.3K | |
Total Current Liabilities | 6.1M | 30.3M | 9.5M | 13.0M | 4.2M | 6.0M | |
Total Stockholder Equity | 7.3M | (1.1M) | 13.4M | (1.5M) | 853K | 810.4K | |
Current Deferred Revenue | 1.7K | 1.7K | 23K | 18K | 88K | 92.4K | |
Net Debt | 8.9M | 12.4M | 14.8M | 18.3M | 13.5M | 14.2M | |
Retained Earnings | (44.2M) | (54.1M) | (58.6M) | (75.0M) | (82.7M) | (78.6M) | |
Accounts Payable | 2.9M | 1.9M | 1.3M | 1.7M | 2.1M | 1.3M | |
Cash | 343.3K | 836K | 3.3M | 723K | 403K | 382.9K | |
Cash And Short Term Investments | 343.3K | 836K | 3.3M | 723K | 403K | 382.9K | |
Net Receivables | 1.3M | 694K | 1.4M | 876K | 559K | 633.1K | |
Common Stock Total Equity | 489.0 | 876.0 | 967.0 | 1K | 900.0 | 1.5K | |
Common Stock Shares Outstanding | 463.8K | 501.3K | 635.4K | 766.9K | 1.1M | 1.1M | |
Liabilities And Stockholders Equity | 35.9M | 31.7M | 33.6M | 21.5M | 17.5M | 15.3M | |
Other Current Assets | 407.5K | 750K | 2.9M | 579K | 363K | 691.6K | |
Other Stockholder Equity | 51.6M | 53.0M | 72.0M | 73.5M | 83.6M | 87.7M | |
Total Liab | 28.5M | 32.8M | 20.2M | 23.0M | 16.6M | 11.6M | |
Total Current Assets | 14.5M | 12.8M | 14.1M | 6.6M | 4.5M | 7.5M | |
Common Stock | 876.0 | 967.0 | 1K | 2K | 1.8K | 1.5K | |
Non Current Assets Total | 21.4M | 18.9M | 19.5M | 14.9M | 12.9M | 9.2M | |
Non Currrent Assets Other | 1.2M | 474K | 457K | 369K | 516K | 328.2K | |
Non Current Liabilities Total | 22.4M | 2.6M | 10.7M | 10.0M | 12.4M | 13.0M | |
Net Tangible Assets | 18.4M | (7.4M) | (15.1M) | (225K) | (202.5K) | (192.4K) | |
Other Assets | 496.3K | 1.2M | 1.7M | 457K | 525.6K | 509.6K | |
Long Term Debt | 6.6M | 1.7M | 8.2M | 7.8M | 10.6M | 11.1M | |
Capital Surpluse | 23.2M | 45.9M | 51.6M | 53.0M | 60.9M | 64.0M | |
Inventory | 12.4M | 6.7M | 6.5M | 4.4M | 3.2M | 5.0M | |
Deferred Long Term Liab | 467.0K | 672.9K | 228K | 171K | 196.7K | 223.0K | |
Intangible Assets | 14.7M | 14.0M | 13.8M | 5.9M | 5.1M | 5.5M | |
Property Plant Equipment | 1.8M | 5.5M | 4.4M | 5.4M | 6.2M | 6.5M | |
Property Plant And Equipment Net | 5.5M | 4.4M | 5.4M | 8.7M | 7.4M | 3.8M | |
Long Term Debt Total | 2.2M | 5.2M | 6.6M | 1.7M | 1.9M | 2.5M | |
Property Plant And Equipment Gross | 5.5M | 3.1M | 5.4M | 8.7M | 12.0M | 12.6M |
Pair Trading with Eastside Distilling
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 Eastside Distilling 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 Eastside Distilling will appreciate offsetting losses from the drop in the long position's value.Moving against Eastside Stock
0.63 | SNDL | SNDL Inc Earnings Call This Week | PairCorr |
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0.44 | JZ | Jianzhi Education Report 4th of October 2024 | PairCorr |
The ability to find closely correlated positions to Eastside Distilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eastside Distilling 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 Eastside Distilling - 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 Eastside Distilling to buy it.
The correlation of Eastside Distilling 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 Eastside Distilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eastside Distilling 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 Eastside Distilling 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 Eastside Distilling. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eastside Stock please use our How to Invest in Eastside Distilling guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
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Is Eastside Distilling'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 Eastside Distilling. If investors know Eastside 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 Eastside Distilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.04) | Revenue Per Share 9.623 | Quarterly Revenue Growth (0.13) | Return On Assets (0.17) | Return On Equity (2.60) |
The market value of Eastside Distilling is measured differently than its book value, which is the value of Eastside that is recorded on the company's balance sheet. Investors also form their own opinion of Eastside Distilling's value that differs from its market value or its book value, called intrinsic value, which is Eastside Distilling'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 Eastside Distilling's market value can be influenced by many factors that don't directly affect Eastside Distilling'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 Eastside Distilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eastside Distilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eastside Distilling'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.