Encompass Capital Stock vs Net Working Capital Analysis
EHC Stock | USD 83.13 0.25 0.30% |
Encompass Health financial indicator trend analysis is much more than just examining Encompass Health Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Encompass Health Corp is a good investment. Please check the relationship between Encompass Health Capital Stock and its Net Working Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Encompass Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Capital Stock vs Net Working Capital
Capital Stock vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Encompass Health Corp Capital Stock account and Net Working Capital. At this time, the significance of the direction appears to have no relationship.
The correlation between Encompass Health's Capital Stock and Net Working Capital is 0.04. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Encompass Health Corp, assuming nothing else is changed. The correlation between historical values of Encompass Health's Capital Stock and Net Working Capital 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 Encompass Health Corp are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Capital Stock i.e., Encompass Health's Capital Stock and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.04 |
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 Working Capital
Most indicators from Encompass Health's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Encompass Health Corp 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 Encompass Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. At present, Encompass Health's Discontinued Operations is projected to decrease significantly based on the last few years of reporting. The current year's Sales General And Administrative To Revenue is expected to grow to 0.63, whereas Tax Provision is forecasted to decline to about 104.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 4.9B | 4.1B | 933.5M | 886.8M | Total Revenue | 5.1B | 4.3B | 4.8B | 2.8B |
Encompass Health fundamental ratios Correlations
Click cells to compare fundamentals
Encompass Health Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Encompass Health fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.1B | 6.4B | 6.9B | 5.6B | 6.1B | 3.8B | |
Short Long Term Debt Total | 3.3B | 3.5B | 3.5B | 3.0B | 2.9B | 2.2B | |
Other Current Liab | 303.8M | 218.3M | 219.7M | 309.2M | 437.5M | 297.6M | |
Total Current Liabilities | 721M | 717.3M | 748.8M | 575.9M | 656.4M | 514.9M | |
Total Stockholder Equity | 1.4B | 1.6B | 1.9B | 1.3B | 1.6B | 1.7B | |
Property Plant And Equipment Net | 2.2B | 2.5B | 2.8B | 3.2B | 3.5B | 3.7B | |
Net Debt | 3.3B | 3.3B | 3.5B | 3.0B | 2.8B | 2.1B | |
Retained Earnings | (526.5M) | (242.3M) | 141.8M | 115.7M | 406.5M | 426.8M | |
Cash | 94.8M | 224M | 54.8M | 21.8M | 104.2M | 120.5M | |
Non Current Assets Total | 5.3B | 5.5B | 5.9B | 4.9B | 5.3B | 3.0B | |
Non Currrent Assets Other | 213.8M | 295M | 254.5M | (13.3M) | 82.1M | 78.0M | |
Cash And Short Term Investments | 94.8M | 224M | 54.8M | 21.8M | 141.8M | 126.1M | |
Net Receivables | 506.1M | 572.8M | 680.3M | 536.8M | 611.6M | 441.3M | |
Liabilities And Stockholders Equity | 6.1B | 6.4B | 6.9B | 5.6B | 6.1B | 3.8B | |
Non Current Liabilities Total | 3.4B | 3.7B | 3.7B | 3.2B | 3.1B | 2.4B | |
Inventory | 57.4M | 65.4M | 65.1M | 31.6M | 1.0 | 0.95 | |
Other Current Assets | 97.5M | 86.4M | 121.2M | 127M | 88.4M | 127.6M | |
Other Stockholder Equity | 1.9B | 1.8B | 1.8B | 1.2B | 1.2B | 1.7B | |
Total Liab | 4.1B | 4.4B | 4.5B | 3.8B | 3.8B | 2.9B | |
Property Plant And Equipment Gross | 2.2B | 2.5B | 2.8B | 3.2B | 5.4B | 5.7B | |
Total Current Assets | 755.8M | 948.6M | 921.4M | 717.2M | 841.8M | 743.6M | |
Short Term Debt | 79.7M | 83.1M | 81.2M | 50.8M | 48.9M | 63.1M | |
Intangible Assets | 476.3M | 431.3M | 417.5M | 282.3M | 278.2M | 222.8M | |
Current Deferred Revenue | 242.9M | 300.9M | 310.3M | 83M | 95.5M | 138.4M | |
Accounts Payable | 94.6M | 115M | 137.6M | 132.9M | 170M | 86.9M | |
Other Liab | 159.9M | 266.8M | 259.9M | 257.2M | 231.5M | 172.7M | |
Other Assets | 300.2M | 542M | 254.5M | 222.1M | 1.0 | 0.95 | |
Long Term Debt | 3.0B | 3.3B | 3.2B | 2.7B | 2.7B | 2.0B | |
Treasury Stock | (427.9M) | (492.3M) | (497.4M) | (521.2M) | (469.1M) | (492.5M) | |
Property Plant Equipment | 2.0B | 2.5B | 2.8B | 3.2B | 3.6B | 3.8B | |
Good Will | 2.3B | 2.3B | 2.4B | 1.3B | 1.3B | 1.3B | |
Net Tangible Assets | (1.2B) | (699.1M) | (934.1M) | (235.2M) | (211.7M) | (222.3M) | |
Warrants | 261.7M | 239.6M | 31.6M | 42.2M | 38.0M | 36.1M | |
Noncontrolling Interest In Consolidated Entity | 280.3M | 340.9M | 382M | 445.7M | 512.6M | 538.2M |
Pair Trading with Encompass Health
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 Encompass Health 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 Encompass Health will appreciate offsetting losses from the drop in the long position's value.Moving together with Encompass Stock
0.67 | DXR | Daxor | PairCorr |
0.76 | OMI | Owens Minor Earnings Call Tomorrow | PairCorr |
0.71 | GCTK | GlucoTrack | PairCorr |
Moving against Encompass Stock
0.88 | INFU | InfuSystems Holdings Earnings Call Today | PairCorr |
0.85 | CLOV | Clover Health Investments Financial Report 14th of May 2024 | PairCorr |
0.8 | ZJYL | JIN MEDICAL INTERNATIONAL | PairCorr |
0.74 | MHUA | Meihua International | PairCorr |
0.68 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
The ability to find closely correlated positions to Encompass Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Encompass Health 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 Encompass Health - 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 Encompass Health Corp to buy it.
The correlation of Encompass Health 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 Encompass Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Encompass Health Corp 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 Encompass Health 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 Encompass Health Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. Note that the Encompass Health Corp information on this page should be used as a complementary analysis to other Encompass Health'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 Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Complementary Tools for Encompass Stock analysis
When running Encompass Health's price analysis, check to measure Encompass Health'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 Encompass Health is operating at the current time. Most of Encompass Health's value examination focuses on studying past and present price action to predict the probability of Encompass Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Encompass Health's price. Additionally, you may evaluate how the addition of Encompass Health to your portfolios can decrease your overall portfolio volatility.
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Is Encompass Health'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 Encompass Health. If investors know Encompass 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 Encompass Health 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 0.261 | Dividend Share 0.6 | Earnings Share 3.82 | Revenue Per Share 49.767 | Quarterly Revenue Growth 0.134 |
The market value of Encompass Health Corp is measured differently than its book value, which is the value of Encompass that is recorded on the company's balance sheet. Investors also form their own opinion of Encompass Health's value that differs from its market value or its book value, called intrinsic value, which is Encompass Health'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 Encompass Health's market value can be influenced by many factors that don't directly affect Encompass Health'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 Encompass Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Encompass Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Encompass Health'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.