Eventbrite Cash And Equivalents vs Short Term Investments Analysis

EB Stock

USD 5.51 0.04 0.72%

Eventbrite financial indicator trend analysis is much more than just examining Eventbrite Class A latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Eventbrite Class A is a good investment. Please check the relationship between Eventbrite Cash And Equivalents and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eventbrite Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Cash And Equivalents vs Short Term Investments

Cash And Equivalents vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Eventbrite Class A Cash And Equivalents account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Eventbrite's Cash And Equivalents and Short Term Investments is 0.48. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Eventbrite Class A, assuming nothing else is changed. The correlation between historical values of Eventbrite's Cash And Equivalents and Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Eventbrite Class A are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Cash And Equivalents i.e., Eventbrite's Cash And Equivalents and Short Term Investments go up and down completely randomly.

Correlation Coefficient

0.48

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Cash And Equivalents

Short Term Investments

Short Term Investments is an item under the current assets section of Eventbrite balance sheet. It contains any investments Eventbrite Class A undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Eventbrite Class A can easily liquidate in the marketplace.

Most indicators from Eventbrite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Eventbrite Class A 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 Eventbrite Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

At present, Eventbrite's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.33, whereas Selling General Administrative is forecasted to decline to about 91 M.

	2021	2022	2023	2024 (projected)
Depreciation And Amortization	15.1M	17.6M	14.7M	16.0M
Interest Income	16.3M	17.6M	27.5M	28.9M

Depreciation And Amortization Interest Income

Eventbrite fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Shares Outstanding	Short Term Investments	Long Term Debt Total	Non Current Liabilities Total	Capital Surpluse	Capital Lease Obligations	Inventory
Total Assets		0.81	0.43	0.97	0.88	-0.17	0.63	-0.69	-0.73	-0.85	0.42	0.96	0.89	0.1	0.12	0.76	0.95	0.04	0.98	0.89	0.4	0.77	0.12	0.96	-0.79	0.07
Short Long Term Debt Total	0.81		0.22	0.78	0.5	-0.4	0.27	-0.91	-0.29	-0.94	0.46	0.87	0.54	-0.46	-0.26	1.0	0.91	-0.34	0.76	0.86	0.55	0.94	0.54	0.83	-0.9	-0.41
Other Current Liab	0.43	0.22		0.44	0.46	0.17	0.39	0.08	-0.58	-0.12	-0.61	0.41	0.49	0.33	0.38	0.18	0.32	0.65	0.42	0.33	-0.52	-0.02	-0.13	0.36	0.02	0.56
Total Current Liabilities	0.97	0.78	0.44		0.83	-0.2	0.59	-0.69	-0.69	-0.84	0.44	0.93	0.85	0.04	-0.02	0.74	0.93	0.1	0.95	0.88	0.45	0.75	0.13	0.92	-0.78	0.05
Total Stockholder Equity	0.88	0.5	0.46	0.83		-0.23	0.91	-0.42	-0.94	-0.62	0.26	0.85	0.81	0.46	0.4	0.45	0.8	0.16	0.83	0.77	0.2	0.46	-0.36	0.89	-0.55	0.28
Other Liab	-0.17	-0.4	0.17	-0.2	-0.23		-0.43	0.55	0.15	0.49	-0.34	-0.37	0.26	0.4	0.37	-0.45	-0.43	0.5	0.0	-0.48	-0.49	-0.4	0.18	-0.42	0.51	0.66
Net Tangible Assets	0.63	0.27	0.39	0.59	0.91	-0.43		-0.24	-0.92	-0.42	0.11	0.66	0.51	0.52	0.43	0.23	0.61	0.12	0.54	0.61	0.07	0.22	-0.65	0.73	-0.35	0.24
Property Plant And Equipment Net	-0.69	-0.91	0.08	-0.69	-0.42	0.55	-0.24		0.17	0.96	-0.7	-0.77	-0.39	0.51	0.38	-0.92	-0.83	0.56	-0.63	-0.83	-0.79	-0.97	-0.47	-0.75	0.98	0.66
Net Debt	-0.73	-0.29	-0.58	-0.69	-0.94	0.15	-0.92	0.17		0.41	-0.02	-0.72	-0.71	-0.63	-0.53	-0.23	-0.63	-0.28	-0.68	-0.63	0.09	-0.21	0.54	-0.74	0.3	-0.49
Retained Earnings	-0.85	-0.94	-0.12	-0.84	-0.62	0.49	-0.42	0.96	0.41		-0.62	-0.91	-0.59	0.32	0.21	-0.93	-0.94	0.4	-0.79	-0.93	-0.68	-0.96	-0.36	-0.89	0.99	0.45
Accounts Payable	0.42	0.46	-0.61	0.44	0.26	-0.34	0.11	-0.7	-0.02	-0.62		0.4	0.26	-0.3	-0.41	0.47	0.49	-0.57	0.41	0.44	0.92	0.7	0.25	0.43	-0.72	-0.53
Cash	0.96	0.87	0.41	0.93	0.85	-0.37	0.66	-0.77	-0.72	-0.91	0.4		0.76	-0.02	0.06	0.84	0.98	-0.13	0.9	0.95	0.4	0.82	0.12	0.98	-0.84	-0.07
Non Current Assets Total	0.89	0.54	0.49	0.85	0.81	0.26	0.51	-0.39	-0.71	-0.59	0.26	0.76		0.39	0.36	0.46	0.72	0.29	0.95	0.65	0.17	0.52	0.07	0.75	-0.52	0.4
Non Currrent Assets Other	0.1	-0.46	0.33	0.04	0.46	0.4	0.52	0.51	-0.63	0.32	-0.3	-0.02	0.39		0.86	-0.52	-0.12	0.49	0.16	-0.06	-0.48	-0.48	-0.74	0.05	0.38	0.78
Other Assets	0.12	-0.26	0.38	-0.02	0.4	0.37	0.43	0.38	-0.53	0.21	-0.41	0.06	0.36	0.86		-0.31	-0.04	0.29	0.19	0.05	-0.56	-0.37	-0.5	0.12	0.29	0.63
Long Term Debt	0.76	1.0	0.18	0.74	0.45	-0.45	0.23	-0.92	-0.23	-0.93	0.47	0.84	0.46	-0.52	-0.31		0.88	-0.39	0.7	0.84	0.57	0.93	0.56	0.8	-0.9	-0.47
Cash And Short Term Investments	0.95	0.91	0.32	0.93	0.8	-0.43	0.61	-0.83	-0.63	-0.94	0.49	0.98	0.72	-0.12	-0.04	0.88		-0.18	0.89	0.96	0.52	0.86	0.18	0.98	-0.89	-0.18
Net Receivables	0.04	-0.34	0.65	0.1	0.16	0.5	0.12	0.56	-0.28	0.4	-0.57	-0.13	0.29	0.49	0.29	-0.39	-0.18		0.09	-0.25	-0.52	-0.47	-0.31	-0.12	0.46	0.76
Good Will	0.98	0.76	0.42	0.95	0.83	0.0	0.54	-0.63	-0.68	-0.79	0.41	0.9	0.95	0.16	0.19	0.7	0.89	0.09		0.83	0.37	0.72	0.19	0.9	-0.73	0.15
Common Stock Shares Outstanding	0.89	0.86	0.33	0.88	0.77	-0.48	0.61	-0.83	-0.63	-0.93	0.44	0.95	0.65	-0.06	0.05	0.84	0.96	-0.25	0.83		0.48	0.8	0.13	0.96	-0.88	-0.23
Short Term Investments	0.4	0.55	-0.52	0.45	0.2	-0.49	0.07	-0.79	0.09	-0.68	0.92	0.4	0.17	-0.48	-0.56	0.57	0.52	-0.52	0.37	0.48		0.75	0.34	0.44	-0.79	-0.72
Long Term Debt Total	0.77	0.94	-0.02	0.75	0.46	-0.4	0.22	-0.97	-0.21	-0.96	0.7	0.82	0.52	-0.48	-0.37	0.93	0.86	-0.47	0.72	0.8	0.75		0.54	0.77	-0.97	-0.52
Non Current Liabilities Total	0.12	0.54	-0.13	0.13	-0.36	0.18	-0.65	-0.47	0.54	-0.36	0.25	0.12	0.07	-0.74	-0.5	0.56	0.18	-0.31	0.19	0.13	0.34	0.54		0.02	-0.39	-0.44
Capital Surpluse	0.96	0.83	0.36	0.92	0.89	-0.42	0.73	-0.75	-0.74	-0.89	0.43	0.98	0.75	0.05	0.12	0.8	0.98	-0.12	0.9	0.96	0.44	0.77	0.02		-0.83	-0.08
Capital Lease Obligations	-0.79	-0.9	0.02	-0.78	-0.55	0.51	-0.35	0.98	0.3	0.99	-0.72	-0.84	-0.52	0.38	0.29	-0.9	-0.89	0.46	-0.73	-0.88	-0.79	-0.97	-0.39	-0.83		0.55
Inventory	0.07	-0.41	0.56	0.05	0.28	0.66	0.24	0.66	-0.49	0.45	-0.53	-0.07	0.4	0.78	0.63	-0.47	-0.18	0.76	0.15	-0.23	-0.72	-0.52	-0.44	-0.08	0.55

Click cells to compare fundamentals

Eventbrite Account Relationship Matchups

Eventbrite fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	808.0M	795.7M	903.0M	895.4M	913.3M	820.8M
Short Long Term Debt Total	25.3M	223.1M	366.4M	361.7M	361.0M	216.7M
Other Current Liab	339.3M	239.7M	352.7M	357.1M	42.0M	39.9M
Total Current Liabilities	350.3M	246.5M	358.0M	361.0M	357.6M	327.0M
Total Stockholder Equity	425.8M	315.6M	169.9M	166.6M	191.8M	189.7M
Other Liab	15.7M	15.4M	12.9M	8.9M	8.0M	13.4M
Net Tangible Assets	206.1M	98.9M	(35.6M)	(29.7M)	(34.2M)	(35.9M)
Property Plant And Equipment Net	41.9M	25.5M	18.1M	11.5M	9.6M	9.1M
Net Debt	(395.4M)	(282.7M)	(268.0M)	(177.6M)	(177.0M)	(185.9M)
Retained Earnings	(372.8M)	(597.5M)	(733.6M)	(789.0M)	(815.4M)	(774.7M)
Accounts Payable	1.9M	1.9M	1.1M	1.0M	305.3M	320.5M
Cash	420.7M	505.8M	634.4M	539.3M	538.0M	468.1M
Non Current Assets Total	283.4M	258.6M	229.4M	212.2M	202.1M	251.7M
Non Currrent Assets Other	21.8M	16.4M	5.8M	4.4M	4.9M	9.1M
Other Assets	21.8M	30.3M	5.8M	4.4M	4.0M	3.8M
Long Term Debt	0.0	206.6M	353.6M	355.6M	357.7M	199.2M
Cash And Short Term Investments	420.7M	505.8M	634.4M	623.5M	691.7M	500.8M
Net Receivables	57.8M	11.3M	19.3M	45.8M	5.6M	5.3M
Common Stock Shares Outstanding	82.0M	89.3M	94.3M	98.3M	100.3M	74.8M
Long Term Debt Total	300K	206.6M	353.6M	355.6M	408.9M	429.4M
Liabilities And Stockholders Equity	808.0M	795.7M	903.0M	895.4M	913.3M	820.8M
Non Current Liabilities Total	31.9M	233.6M	375.1M	367.8M	364.0M	304.1M
Capital Surpluse	798.6M	913.1M	903.5M	955.5M	1.1B	695.2M
Capital Lease Obligations	25.3M	16.5M	12.8M	6.2M	3.3M	3.1M
Inventory	36.4M	16.5M	18.7M	721K	648.9K	616.5K
Other Current Assets	9.6M	3.7M	1.2M	13.1M	13.9M	7.7M
Other Stockholder Equity	798.6M	913.1M	903.5M	955.5M	1.0B	645.8M
Total Liab	382.2M	480.1M	733.1M	728.8M	721.6M	631.1M
Property Plant And Equipment Gross	41.9M	25.5M	75.8M	72.8M	67.5M	56.5M
Total Current Assets	524.6M	537.1M	673.6M	683.2M	711.2M	569.1M
Non Current Liabilities Other	557K	1.2M	1K	100K	90K	85.5K
Short Term Debt	9.1M	4.9M	4.1M	2.8M	1.5M	1.4M
Intangible Assets	49.2M	42.3M	31.1M	21.9M	13.3M	12.6M
Property Plant Equipment	41.9M	25.5M	18.1M	11.5M	10.4M	9.9M
Net Invested Capital	425.8M	522.2M	523.5M	522.1M	549.4M	464.0M
Cash And Equivalents	420.7M	505.8M	634.4M	539.3M	620.2M	500.0M
Net Working Capital	174.3M	290.6M	315.6M	322.2M	354.2M	271.3M

Pair Trading with Eventbrite

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 Eventbrite 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 Eventbrite will appreciate offsetting losses from the drop in the long position's value.

Moving together with Eventbrite Stock

0.93	U	Unity Software Aggressive Push	Pair Corr
0.81	DT	Dynatrace Holdings LLC Sell-off Trend	Pair Corr

Moving against Eventbrite Stock

0.84	VERX	Vertex Financial Report 8th of May 2024	Pair Corr
0.82	DUOL	Duolingo Financial Report 14th of May 2024	Pair Corr
0.79	ML	MoneyLion Financial Report 14th of May 2024	Pair Corr
0.71	DJCO	Daily Journal Corp	Pair Corr
0.66	DPSI	DecisionPoint Systems Tech Boost	Pair Corr

The ability to find closely correlated positions to Eventbrite could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eventbrite 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 Eventbrite - 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 Eventbrite Class A to buy it.

The correlation of Eventbrite 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 Eventbrite moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eventbrite Class A 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 Eventbrite 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.

Pair Correlation Correlation Matching

When determining whether Eventbrite Class A offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Eventbrite's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Eventbrite Class A Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Eventbrite Class A Stock:

How To Invest In Eventbrite

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Is Eventbrite Stock a good investment?

Details

What is Eventbrite's Net Worth?

Details

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eventbrite Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Note that the Eventbrite Class A information on this page should be used as a complementary analysis to other Eventbrite's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

Complementary Tools for Eventbrite Stock analysis

When running Eventbrite's price analysis, check to measure Eventbrite'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 Eventbrite is operating at the current time. Most of Eventbrite's value examination focuses on studying past and present price action to predict the probability of Eventbrite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eventbrite's price. Additionally, you may evaluate how the addition of Eventbrite to your portfolios can decrease your overall portfolio volatility.

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Is Eventbrite'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 Eventbrite. If investors know Eventbrite 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 Eventbrite listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.26)

Revenue Per Share

3.252

Quarterly Revenue Growth

0.227

Return On Assets

(0.02)

Return On Equity

(0.15)

The market value of Eventbrite Class A is measured differently than its book value, which is the value of Eventbrite that is recorded on the company's balance sheet. Investors also form their own opinion of Eventbrite's value that differs from its market value or its book value, called intrinsic value, which is Eventbrite'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 Eventbrite's market value can be influenced by many factors that don't directly affect Eventbrite'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 Eventbrite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eventbrite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eventbrite'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.

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Eventbrite Cash And Equivalents vs Short Term Investments Analysis

Cash And Equivalents vs Short Term Investments

Cash And Equivalents vs Short Term Investments Correlation Analysis

Correlation Coefficient

Cash And Equivalents

Short Term Investments

Eventbrite fundamental ratios Correlations

Eventbrite Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Eventbrite fundamental ratios Accounts

Pair Trading with Eventbrite

Moving together with Eventbrite Stock

Moving against Eventbrite Stock

Complementary Tools for Eventbrite Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Long Term Debt	+ 1.0	Short Long Term Debt Total
Capital Lease Obligations	+ 0.99	Retained Earnings
Good Will	+ 0.98	Total Assets
Capital Lease Obligations	+ 0.98	Property Plant And Equipment Net
Cash And Short Term Investments	+ 0.98	Cash
Capital Surpluse	+ 0.98	Cash

Capital Lease Obligations	- 0.97	Long Term Debt Total
Long Term Debt Total	- 0.97	Property Plant And Equipment Net
Long Term Debt Total	- 0.96	Retained Earnings
Cash And Short Term Investments	- 0.94	Retained Earnings
Net Debt	- 0.94	Total Stockholder Equity
Retained Earnings	- 0.94	Short Long Term Debt Total