Elite Common Stock Total Equity vs Common Stock Shares Outstanding Analysis

EEIQ Stock

USD 1.04 0.02 1.96%

Elite Education financial indicator trend analysis is much more than just examining Elite Education Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elite Education Group is a good investment. Please check the relationship between Elite Education Common Stock Total Equity and its Common Stock Shares Outstanding accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Common Stock Total Equity vs Common Stock Shares Outstanding

Common Stock Total Equity vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elite Education Group Common Stock Total Equity account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Elite Education's Common Stock Total Equity and Common Stock Shares Outstanding is -0.54. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Elite Education Group, assuming nothing else is changed. The correlation between historical values of Elite Education's Common Stock Total Equity and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Elite Education Group are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Common Stock Total Equity i.e., Elite Education's Common Stock Total Equity and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

-0.54

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Elite Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elite Education Group 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 Elite Education Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

At this time, Elite Education's Selling General Administrative is relatively stable compared to the past year. As of 05/14/2024, Sales General And Administrative To Revenue is likely to grow to 1.62, though Enterprise Value Over EBITDA is likely to grow to (0.99).

	2021	2022	2023	2024 (projected)
Interest Income	26.5K	53.1K	47.8K	34.2K
Net Interest Income	17.5K	43.9K	39.5K	28.5K

Interest Income Net Interest Income

Elite Education fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Net Tangible Assets	Retained Earnings	Other Assets	Net Receivables	Total Current Assets	Common Stock	Property Plant Equipment	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Common Stock Total Equity	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Capital Stock
Other Current Liab		-0.82	-0.58	0.3	0.43	-0.41	-0.6	-0.45	-0.5	-0.54	-0.48	-0.41	0.37	0.23	-0.39	-0.36	0.53	-0.39	0.34	-0.47	-0.37	-0.48	-0.55	-0.48	-0.44	-0.46
Total Current Liabilities	-0.82		0.77	-0.25	-0.69	0.56	0.86	0.58	0.83	0.76	0.7	0.77	-0.31	-0.54	0.71	0.33	-0.72	0.71	-0.39	0.6	0.49	0.57	0.88	0.7	0.62	0.59
Net Tangible Assets	-0.58	0.77		-0.56	-0.89	0.91	0.83	0.92	0.89	0.96	0.91	0.84	-0.74	-0.51	0.68	0.75	-0.96	0.68	-0.33	0.9	0.46	0.85	0.81	0.91	0.88	0.92
Retained Earnings	0.3	-0.25	-0.56		0.42	-0.44	-0.13	-0.8	-0.35	-0.5	-0.37	-0.34	0.74	-0.36	0.03	-0.87	0.65	0.03	0.65	-0.82	-0.64	-0.87	-0.49	-0.37	-0.78	-0.81
Other Assets	0.43	-0.69	-0.89	0.42		-0.84	-0.81	-0.77	-0.82	-0.89	-0.86	-0.79	0.71	0.53	-0.69	-0.58	0.89	-0.69	0.3	-0.76	-0.38	-0.73	-0.72	-0.86	-0.75	-0.77
Net Receivables	-0.41	0.56	0.91	-0.44	-0.84		0.81	0.81	0.82	0.94	0.96	0.8	-0.82	-0.6	0.75	0.65	-0.92	0.75	-0.27	0.77	0.1	0.79	0.55	0.96	0.69	0.81
Total Current Assets	-0.6	0.86	0.83	-0.13	-0.81	0.81		0.57	0.9	0.89	0.92	0.87	-0.45	-0.83	0.95	0.28	-0.82	0.95	-0.25	0.55	0.1	0.58	0.72	0.92	0.52	0.57
Common Stock	-0.45	0.58	0.92	-0.8	-0.77	0.81	0.57		0.74	0.86	0.76	0.71	-0.81	-0.18	0.4	0.92	-0.9	0.4	-0.46	0.99	0.61	0.92	0.76	0.76	0.96	1.0
Property Plant Equipment	-0.5	0.83	0.89	-0.35	-0.82	0.82	0.9	0.74		0.9	0.88	0.99	-0.55	-0.63	0.82	0.44	-0.87	0.82	-0.44	0.74	0.37	0.72	0.86	0.88	0.75	0.75
Total Assets	-0.54	0.76	0.96	-0.5	-0.89	0.94	0.89	0.86	0.9		0.98	0.87	-0.72	-0.6	0.8	0.67	-0.97	0.8	-0.4	0.84	0.3	0.85	0.78	0.98	0.77	0.86
Total Stockholder Equity	-0.48	0.7	0.91	-0.37	-0.86	0.96	0.92	0.76	0.88	0.98		0.86	-0.7	-0.71	0.88	0.55	-0.93	0.88	-0.32	0.73	0.1	0.78	0.66	1.0	0.64	0.76
Property Plant And Equipment Net	-0.41	0.77	0.84	-0.34	-0.79	0.8	0.87	0.71	0.99	0.87	0.86		-0.53	-0.62	0.82	0.4	-0.84	0.82	-0.48	0.72	0.34	0.71	0.83	0.86	0.72	0.72
Current Deferred Revenue	0.37	-0.31	-0.74	0.74	0.71	-0.82	-0.45	-0.81	-0.55	-0.72	-0.7	-0.53		0.06	-0.32	-0.81	0.8	-0.32	0.5	-0.81	-0.27	-0.86	-0.37	-0.7	-0.71	-0.82
Net Debt	0.23	-0.54	-0.51	-0.36	0.53	-0.6	-0.83	-0.18	-0.63	-0.6	-0.71	-0.62	0.06		-0.9	0.1	0.46	-0.9	-0.23	-0.12	0.3	-0.12	-0.36	-0.71	-0.11	-0.17
Cash	-0.39	0.71	0.68	0.03	-0.69	0.75	0.95	0.4	0.82	0.8	0.88	0.82	-0.32	-0.9		0.1	-0.7	1.0	-0.2	0.38	-0.13	0.46	0.58	0.88	0.32	0.41
Non Current Assets Total	-0.36	0.33	0.75	-0.87	-0.58	0.65	0.28	0.92	0.44	0.67	0.55	0.4	-0.81	0.1	0.1		-0.74	0.1	-0.38	0.91	0.57	0.85	0.51	0.55	0.85	0.92
Non Currrent Assets Other	0.53	-0.72	-0.96	0.65	0.89	-0.92	-0.82	-0.9	-0.87	-0.97	-0.93	-0.84	0.8	0.46	-0.7	-0.74		-0.7	0.47	-0.89	-0.39	-0.92	-0.78	-0.93	-0.84	-0.91
Cash And Short Term Investments	-0.39	0.71	0.68	0.03	-0.69	0.75	0.95	0.4	0.82	0.8	0.88	0.82	-0.32	-0.9	1.0	0.1	-0.7		-0.2	0.38	-0.13	0.46	0.58	0.88	0.32	0.41
Common Stock Total Equity	0.34	-0.39	-0.33	0.65	0.3	-0.27	-0.25	-0.46	-0.44	-0.4	-0.32	-0.48	0.5	-0.23	-0.2	-0.38	0.47	-0.2		-0.54	-0.4	-0.68	-0.51	-0.32	-0.45	-0.49
Common Stock Shares Outstanding	-0.47	0.6	0.9	-0.82	-0.76	0.77	0.55	0.99	0.74	0.84	0.73	0.72	-0.81	-0.12	0.38	0.91	-0.89	0.38	-0.54		0.66	0.93	0.78	0.73	0.96	1.0
Other Current Assets	-0.37	0.49	0.46	-0.64	-0.38	0.1	0.1	0.61	0.37	0.3	0.1	0.34	-0.27	0.3	-0.13	0.57	-0.39	-0.13	-0.4	0.66		0.49	0.72	0.1	0.78	0.61
Other Stockholder Equity	-0.48	0.57	0.85	-0.87	-0.73	0.79	0.58	0.92	0.72	0.85	0.78	0.71	-0.86	-0.12	0.46	0.85	-0.92	0.46	-0.68	0.93	0.49		0.71	0.78	0.85	0.94
Total Liab	-0.55	0.88	0.81	-0.49	-0.72	0.55	0.72	0.76	0.86	0.78	0.66	0.83	-0.37	-0.36	0.58	0.51	-0.78	0.58	-0.51	0.78	0.72	0.71		0.66	0.83	0.76
Net Invested Capital	-0.48	0.7	0.91	-0.37	-0.86	0.96	0.92	0.76	0.88	0.98	1.0	0.86	-0.7	-0.71	0.88	0.55	-0.93	0.88	-0.32	0.73	0.1	0.78	0.66		0.64	0.76
Property Plant And Equipment Gross	-0.44	0.62	0.88	-0.78	-0.75	0.69	0.52	0.96	0.75	0.77	0.64	0.72	-0.71	-0.11	0.32	0.85	-0.84	0.32	-0.45	0.96	0.78	0.85	0.83	0.64		0.96
Capital Stock	-0.46	0.59	0.92	-0.81	-0.77	0.81	0.57	1.0	0.75	0.86	0.76	0.72	-0.82	-0.17	0.41	0.92	-0.91	0.41	-0.49	1.0	0.61	0.94	0.76	0.76	0.96

Click cells to compare fundamentals

Elite Education Account Relationship Matchups

Elite Education fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	1.9M	3.0M	2.2M	2.1M	1.8M	1.8M
Total Current Liabilities	6.7M	8.6M	6.1M	6.9M	7.9M	7.4M
Net Tangible Assets	6.5M	7.5M	14.9M	13.8M	15.9M	9.4M
Retained Earnings	4.7M	3.7M	(2.4M)	(9.1M)	(8.2M)	(7.8M)
Other Assets	1.0M	439.4K	321.1K	411.9K	370.7K	732.2K
Net Receivables	818K	1.5M	1.7M	1.0M	1.2M	968.7K
Total Current Assets	10.6M	19.6M	14.1M	8.7M	10.0M	11.6M
Property Plant Equipment	2.9M	3.1M	4.1M	3.2M	3.7M	3.4M
Total Assets	14.2M	24.0M	24.0M	19.2M	22.1M	19.6M
Total Stockholder Equity	7.5M	14.9M	15.1M	9.1M	10.5M	10.6M
Property Plant And Equipment Net	3.1M	4.1M	3.2M	3.2M	3.6M	3.5M
Current Deferred Revenue	4.6M	5.3M	3.3M	4.1M	3.7M	4.0M
Net Debt	(7.3M)	(15.8M)	(10.4M)	(3.8M)	(3.5M)	(3.6M)
Accounts Payable	51.8K	148.8K	91.1K	210.1K	241.6K	253.7K
Cash	7.4M	16.5M	11.4M	5.0M	5.7M	9.7M
Non Current Assets Total	3.6M	4.4M	9.9M	10.5M	12.1M	6.8M
Cash And Short Term Investments	7.4M	16.5M	11.4M	5.0M	5.7M	9.7M
Liabilities And Stockholders Equity	14.2M	24.0M	24.0M	19.2M	22.1M	19.6M
Non Current Liabilities Total	4.7M	462.0K	669.6K	1.4M	1.3M	1.9M
Other Current Assets	1.6M	1.6M	946.3K	2.7M	3.1M	1.9M
Total Liab	6.7M	9.1M	6.7M	8.3M	9.5M	8.4M
Net Invested Capital	7.5M	14.9M	15.1M	9.1M	10.5M	10.6M
Property Plant And Equipment Gross	3.1M	4.7M	3.9M	6.1M	7.1M	4.3M
Accumulated Other Comprehensive Income	(543.1K)	(200.0K)	(28.9K)	(36.3K)	(41.7K)	(43.8K)
Net Working Capital	3.9M	11.0M	8.0M	1.8M	2.1M	2.0M

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 Elite Education 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, Elite Education's short interest history, or implied volatility extrapolated from Elite Education options trading.

Pair Trading with Elite Education

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

Moving together with Elite Stock

0.86

IhumanInc

Pair Corr

Moving against Elite Stock

0.61	LAUR	Laureate Education	Pair Corr
0.59	GOTU	Gaotu Techedu DRC Earnings Call This Week	Pair Corr
0.53	YQ	17 Education Technology	Pair Corr
0.51	LTRE	Learning Tree Intern	Pair Corr

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

The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group 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 Elite Education 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 Elite Education Group is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Elite Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Elite Education Group Stock. Highlighted below are key reports to facilitate an investment decision about Elite Education Group Stock:

How To Invest In Elite

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Is Elite Stock a good investment?

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What is Elite Education'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 Elite Education Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Elite Stock analysis

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

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

Earnings Share

(0.58)

Revenue Per Share

0.49

Quarterly Revenue Growth

0.007

Return On Assets

(0.21)

Return On Equity

(0.53)

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

Common Stock Total Equity vs Common Stock Shares Outstanding

Common Stock Total Equity vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Common Stock Total Equity

Common Stock Shares Outstanding

Elite Education fundamental ratios Correlations

Elite Education Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Elite Education fundamental ratios Accounts

Pair Trading with Elite Education

Moving together with Elite Stock

Moving against Elite Stock

Complementary Tools for Elite Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Capital Stock	+ 1.0	Common Stock
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Capital Stock	+ 1.0	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.99	Common Stock
Property Plant And Equipment Net	+ 0.99	Property Plant Equipment

Non Currrent Assets Other	- 0.97	Total Assets
Non Currrent Assets Other	- 0.96	Net Tangible Assets
Net Invested Capital	- 0.93	Non Currrent Assets Other
Non Currrent Assets Other	- 0.93	Total Stockholder Equity
Other Stockholder Equity	- 0.92	Non Currrent Assets Other
Non Currrent Assets Other	- 0.92	Net Receivables