Enhabit Deferred Long Term Liab vs Current Deferred Revenue Analysis
EHAB Stock | USD 8.56 0.10 1.15% |
Enhabit financial indicator trend analysis is much more than just examining Enhabit latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enhabit is a good investment. Please check the relationship between Enhabit Deferred Long Term Liab and its Current Deferred Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enhabit. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Enhabit Stock refer to our How to Trade Enhabit Stock guide.
Deferred Long Term Liab vs Current Deferred Revenue
Deferred Long Term Liab vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enhabit Deferred Long Term Liab account and Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Enhabit's Deferred Long Term Liab and Current Deferred Revenue is 0.56. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Enhabit, assuming nothing else is changed. The correlation between historical values of Enhabit's Deferred Long Term Liab and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Deferred Long Term Liab of Enhabit are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Deferred Long Term Liab i.e., Enhabit's Deferred Long Term Liab and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | 0.56 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Deferred Long Term Liab
Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.Most indicators from Enhabit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enhabit 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 Enhabit. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Enhabit Stock refer to our How to Trade Enhabit Stock guide.At present, Enhabit's Enterprise Value Over EBITDA is projected to increase based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 16.69, whereas Tax Provision is projected to grow to (14.2 M).
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 300K | 15M | 43M | 45.2M | Depreciation And Amortization | 42.3M | 34.5M | 30.9M | 30.3M |
Enhabit fundamental ratios Correlations
Click cells to compare fundamentals
Enhabit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 Enhabit 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, Enhabit's short interest history, or implied volatility extrapolated from Enhabit options trading.
Pair Trading with Enhabit
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 Enhabit 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 Enhabit will appreciate offsetting losses from the drop in the long position's value.Moving against Enhabit Stock
0.55 | ROIV | Roivant Sciences Financial Report 26th of June 2024 | PairCorr |
0.53 | TELA | Tela Bio | PairCorr |
0.48 | ZTS | Zoetis Inc | PairCorr |
The ability to find closely correlated positions to Enhabit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enhabit 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 Enhabit - 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 Enhabit to buy it.
The correlation of Enhabit 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 Enhabit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enhabit 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 Enhabit 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 Enhabit. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade Enhabit Stock refer to our How to Trade Enhabit Stock guide.Note that the Enhabit information on this page should be used as a complementary analysis to other Enhabit'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Enhabit Stock analysis
When running Enhabit's price analysis, check to measure Enhabit'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 Enhabit is operating at the current time. Most of Enhabit's value examination focuses on studying past and present price action to predict the probability of Enhabit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enhabit's price. Additionally, you may evaluate how the addition of Enhabit to your portfolios can decrease your overall portfolio volatility.
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Is Enhabit'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 Enhabit. If investors know Enhabit 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 Enhabit 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 (0.92) | Earnings Share (1.65) | Revenue Per Share 20.882 | Quarterly Revenue Growth (0.01) | Return On Assets 0.0155 |
The market value of Enhabit is measured differently than its book value, which is the value of Enhabit that is recorded on the company's balance sheet. Investors also form their own opinion of Enhabit's value that differs from its market value or its book value, called intrinsic value, which is Enhabit'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 Enhabit's market value can be influenced by many factors that don't directly affect Enhabit'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 Enhabit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enhabit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enhabit'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.