Ellington Short Term Debt vs Short Term Investments Analysis
EFC Stock | USD 11.75 0.15 1.26% |
Ellington Financial financial indicator trend analysis is much more than just examining Ellington Financial LLC latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Financial LLC is a good investment. Please check the relationship between Ellington Financial Short Term Debt and its Short Term Investments accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Financial LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Short Term Debt vs Short Term Investments
Short Term Debt vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Financial LLC Short Term Debt account and Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Ellington Financial's Short Term Debt and Short Term Investments is 0.53. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Ellington Financial LLC, assuming nothing else is changed. The correlation between historical values of Ellington Financial's Short Term Debt 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 Short Term Debt of Ellington Financial LLC 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 Short Term Debt i.e., Ellington Financial's Short Term Debt and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Short Term Debt
Short Term Investments
Short Term Investments is an item under the current assets section of Ellington Financial balance sheet. It contains any investments Ellington Financial LLC undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Ellington Financial LLC can easily liquidate in the marketplace.Most indicators from Ellington Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Financial LLC 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 Financial LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. At present, Ellington Financial's Enterprise Value is projected to increase significantly based on the last few years of reporting.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 122.0M | 23.5M | 294.3M | 309.0M | Total Revenue | 122.0M | 43.1M | 352.0M | 369.5M |
Ellington Financial fundamental ratios Correlations
Click cells to compare fundamentals
Ellington Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ellington Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 4.3B | 3.4B | 5.2B | 14.1B | 15.3B | 16.1B | |
Other Current Liab | (80.4M) | (13.7M) | (54.0M) | (84.0M) | (4.7B) | (4.4B) | |
Total Current Liabilities | 80.4M | 13.7M | 54.0M | 84.0M | 4.7B | 4.9B | |
Total Stockholder Equity | 829.3M | 885.2M | 1.3B | 1.2B | 1.5B | 789.0M | |
Net Debt | 3.2B | 2.3B | 3.5B | 12.2B | 13.1B | 13.8B | |
Accounts Payable | 80.4M | 13.7M | 54.0M | 84.0M | 71.9M | 101.8M | |
Cash | 72.3M | 111.6M | 92.7M | 217.1M | 230.5M | 126.7M | |
Non Current Assets Total | 4.0B | 3.1B | 4.7B | 13.4B | 2.0B | 3.1B | |
Non Currrent Assets Other | (4.0B) | (3.1B) | (4.7B) | (13.4B) | (2.0B) | (2.1B) | |
Other Assets | 112.0M | 65.0M | 151.8M | 512.6M | 13.1B | 13.7B | |
Cash And Short Term Investments | 72.3M | 111.6M | 92.7M | 217.1M | 230.5M | 126.7M | |
Net Receivables | 202.9M | 112.5M | 215.7M | 176.2M | 584.4M | 458.7M | |
Common Stock Shares Outstanding | 32.1M | 44.1M | 49.2M | 60.6M | 69.1M | 35.0M | |
Short Term Investments | 73.6M | 38.6M | 123.3M | 226.4M | 173.1M | 121.2M | |
Liabilities And Stockholders Equity | 4.3B | 3.4B | 5.2B | 14.1B | 15.3B | 16.1B | |
Other Current Assets | (306.0M) | (247.9M) | (333.2M) | (426.4M) | (837.0M) | (795.1M) | |
Other Stockholder Equity | 821.7M | 915.7M | 1.2B | 1.3B | 1.9B | 2.0B | |
Total Liab | 3.5B | 2.5B | 3.9B | 12.9B | 13.8B | 14.5B | |
Total Current Assets | 275.3M | 224.1M | 308.4M | 217.1M | 228.9M | 266.8M | |
Common Stock | 39K | 44K | 58K | 64K | 83K | 78.9K | |
Short Long Term Debt Total | 3.3B | 2.4B | 3.6B | 12.4B | 13.3B | 14.0B | |
Net Tangible Assets | 718.2M | 774.2M | 1.1B | 968.5M | 1.1B | 764.4M | |
Noncontrolling Interest In Consolidated Entity | 31.3M | 39.4M | 32.2M | 24.9M | 28.7M | 17.5M | |
Long Term Debt | 112.9M | 891.5M | 1.2B | 54.2M | 62.3M | 59.2M | |
Common Stock Total Equity | 39K | 44K | 58K | 64K | 57.6K | 54.7K | |
Non Current Liabilities Total | 3.3B | 2.4B | 3.6B | 84.0M | 9.2B | 9.6B | |
Capital Surpluse | 821.7M | 915.7M | 1.2B | 1.3B | 1.4B | 1.5B | |
Inventory | 30.6M | 23.6M | 24.7M | 28.4M | 22.1M | 23.2M | |
Long Term Investments | 2.5B | 3.2B | 4.7B | 1.6B | 14.3B | 15.0B | |
Non Current Liabilities Other | 2.7B | 3.1B | 3.6B | 4.4B | 5.1B | 2.8B | |
Long Term Debt Total | 112.9M | 891.5M | 1.2B | 54.2M | 62.3M | 59.2M | |
Short Term Debt | 2.6B | 1.8B | 3.0B | 4.7B | 4.6B | 4.8B | |
Current Deferred Revenue | (2.6B) | (1.8B) | (2.9B) | (4.6B) | (4.1B) | (3.9B) |
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 Financial 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 Financial's short interest history, or implied volatility extrapolated from Ellington Financial options trading.
Pair Trading with Ellington Financial
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 Financial 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 Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Ellington Stock
0.45 | CG | Carlyle Group | PairCorr |
The ability to find closely correlated positions to Ellington Financial 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 Financial 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 Financial - 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 Financial LLC to buy it.
The correlation of Ellington Financial 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 Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Financial LLC 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 Financial 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 Financial LLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Ellington Financial LLC information on this page should be used as a complementary analysis to other Ellington Financial'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Ellington Financial's price analysis, check to measure Ellington Financial'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 Financial is operating at the current time. Most of Ellington Financial's value examination focuses on studying past and present price action to predict the probability of Ellington Financial'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 Financial's price. Additionally, you may evaluate how the addition of Ellington Financial to your portfolios can decrease your overall portfolio volatility.
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Is Ellington Financial'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 Financial. 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 Financial 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 (0.45) | Dividend Share 1.78 | Earnings Share 0.63 | Revenue Per Share 3.397 | Quarterly Revenue Growth (0.06) |
The market value of Ellington Financial LLC 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 Financial's value that differs from its market value or its book value, called intrinsic value, which is Ellington Financial'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 Financial's market value can be influenced by many factors that don't directly affect Ellington Financial'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 Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Financial'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.