Ennis Capital Stock vs Net Receivables Analysis
| EBF Stock | USD 19.92 0.22 1.12% |
Ennis financial indicator trend analysis is much more than just examining Ennis Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ennis Inc is a good investment. Please check the relationship between Ennis Capital Stock and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ennis Inc. 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.
Capital Stock vs Net Receivables
Capital Stock vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ennis Inc Capital Stock account and Net Receivables. At this time, the significance of the direction appears to have no relationship.
The correlation between Ennis' Capital Stock and Net Receivables is 0.07. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Ennis Inc, assuming nothing else is changed. The correlation between historical values of Ennis' Capital Stock and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of Ennis Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Capital Stock i.e., Ennis' Capital Stock and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.07 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Capital Stock
The total amount of a company’s capital funded by shareholders through the issue and subscription of shares.Net Receivables
Most indicators from Ennis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ennis Inc 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 Ennis Inc. 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. The Ennis' current Discontinued Operations is estimated to increase to about 4.2 M, while Selling General Administrative is projected to decrease to roughly 68.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 114.7M | 131.1M | 125.3M | 103.8M | Total Revenue | 400.0M | 431.8M | 420.1M | 357.7M |
Ennis fundamental ratios Correlations
Click cells to compare fundamentals
Ennis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Ennis
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 Ennis 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 Ennis will appreciate offsetting losses from the drop in the long position's value.Moving against Ennis Stock
| 0.42 | BZ | Kanzhun Ltd ADR Financial Report 22nd of May 2024 | PairCorr |
The ability to find closely correlated positions to Ennis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ennis 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 Ennis - 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 Ennis Inc to buy it.
The correlation of Ennis 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 Ennis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ennis Inc 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 Ennis 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 Ennis Inc. 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 Ennis Inc information on this page should be used as a complementary analysis to other Ennis' 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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When running Ennis' price analysis, check to measure Ennis' 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 Ennis is operating at the current time. Most of Ennis' value examination focuses on studying past and present price action to predict the probability of Ennis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ennis' price. Additionally, you may evaluate how the addition of Ennis to your portfolios can decrease your overall portfolio volatility.
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Is Ennis' 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 Ennis. If investors know Ennis 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 Ennis 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 (0.16) | Dividend Share 1 | Earnings Share 1.64 | Revenue Per Share 16.256 | Quarterly Revenue Growth (0.05) |
The market value of Ennis Inc is measured differently than its book value, which is the value of Ennis that is recorded on the company's balance sheet. Investors also form their own opinion of Ennis' value that differs from its market value or its book value, called intrinsic value, which is Ennis' 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 Ennis' market value can be influenced by many factors that don't directly affect Ennis' 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 Ennis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ennis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ennis' 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.