Envela Common Stock Total Equity vs Total Current Liabilities Analysis
ELA Stock | USD 4.65 0.04 0.87% |
Envela Corp financial indicator trend analysis is much more than just examining Envela Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envela Corp is a good investment. Please check the relationship between Envela Corp Common Stock Total Equity and its Total Current Liabilities accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envela 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 bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.
Common Stock Total Equity vs Total Current Liabilities
Common Stock Total Equity vs Total Current Liabilities Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envela Corp Common Stock Total Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Envela Corp's Common Stock Total Equity and Total Current Liabilities is -0.13. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Envela Corp, assuming nothing else is changed. The correlation between historical values of Envela Corp's Common Stock Total Equity and Total Current Liabilities 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 Envela Corp are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock Total Equity i.e., Envela Corp's Common Stock Total Equity and Total Current Liabilities go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Total Current Liabilities
Total Current Liabilities is an item on Envela Corp balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Envela Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Most indicators from Envela Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envela 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 Envela 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 bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.At present, Envela Corp's Tax Provision 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 0.18, whereas Selling General Administrative is forecasted to decline to about 16.1 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 31.2M | 44.8M | 40.3M | 42.3M | Total Revenue | 141.0M | 182.7M | 171.7M | 180.3M |
Envela Corp fundamental ratios Correlations
Click cells to compare fundamentals
Envela Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Envela Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 27.0M | 40.6M | 59.3M | 71.3M | 73.5M | 77.1M | |
Other Current Liab | 916.5K | 844.3K | 1.8M | 2.3M | 2.5M | 2.6M | |
Total Current Liabilities | 4.8M | 6.1M | 9.8M | 8.9M | 9.0M | 5.5M | |
Total Stockholder Equity | 11.2M | 17.6M | 27.6M | 43.3M | 48.3M | 50.7M | |
Property Plant And Equipment Net | 3.7M | 10.4M | 15.5M | 13.6M | 15.1M | 15.9M | |
Net Debt | 8.7M | 11.0M | 16.0M | 4.9M | 1.4M | 1.4M | |
Retained Earnings | (29.2M) | (22.9M) | (12.8M) | 2.9M | 10.0M | 10.5M | |
Non Current Assets Total | 8.7M | 17.1M | 24.9M | 22.4M | 23.6M | 24.8M | |
Net Receivables | 3.0M | 2.8M | 7.2M | 8.5M | 7.8M | 8.2M | |
Liabilities And Stockholders Equity | 27.0M | 40.6M | 59.3M | 71.3M | 73.5M | 77.1M | |
Non Current Liabilities Total | 11.0M | 16.9M | 21.8M | 19.1M | 16.2M | 17.0M | |
Inventory | 9.5M | 10.0M | 14.0M | 18.8M | 23.1M | 24.3M | |
Other Current Assets | 1.2M | 1.2M | 2.6M | 1.7M | 1.1M | 745.1K | |
Other Stockholder Equity | 42.2M | 41.9M | 40.2M | 40.2M | 38.0M | 20.8M | |
Total Liab | 15.8M | 23.0M | 31.6M | 28.0M | 25.2M | 26.4M | |
Property Plant And Equipment Gross | 3.7M | 10.4M | 18.1M | 16.9M | 19.1M | 20.1M | |
Total Current Assets | 18.4M | 23.5M | 34.4M | 48.9M | 49.9M | 52.4M | |
Short Term Debt | 2.3M | 3.3M | 4.3M | 2.9M | 3.2M | 1.8M | |
Cash | 4.5M | 9.2M | 10.1M | 17.2M | 17.9M | 18.7M | |
Non Currrent Assets Other | 204.8K | 2.3M | 237.8K | (1.3M) | 201.4K | 323.8K | |
Cash And Short Term Investments | 4.5M | 9.2M | 10.1M | 17.2M | 17.9M | 18.7M | |
Accounts Payable | 1.5M | 1.5M | 2.5M | 3.4M | 3.1M | 2.0M | |
Intangible Assets | 3.4M | 3.0M | 3.0M | 5.0M | 4.3M | 2.2M | |
Current Deferred Revenue | 165.4K | 429.0K | 1.2M | 282.5K | 211.7K | 201.1K | |
Net Tangible Assets | 6.4M | 13.2M | 27.4M | 34.4M | 39.6M | 41.6M | |
Retained Earnings Total Equity | (29.2M) | (22.9M) | (12.8M) | 2.9M | 3.3M | 3.5M | |
Long Term Debt Total | 8.6M | 4.2M | 16.0M | 14.7M | 16.9M | 17.8M | |
Capital Lease Obligations | 3.6M | 4.8M | 7.4M | 6.1M | 4.4M | 3.2M | |
Property Plant Equipment | 1.4M | 10.4M | 15.5M | 9.4M | 10.8M | 5.9M | |
Other Assets | 204.8K | 5.8M | 237.8K | 186.8K | 1.0 | 0.95 |
Pair Trading with Envela Corp
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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela 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 Envela Corp 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 Envela 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 bureau of economic analysis. For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
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Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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 (0.22) | Earnings Share 0.25 | Revenue Per Share 6.058 | Quarterly Revenue Growth (0.20) | Return On Assets 0.0669 |
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.