Enersys Cash And Equivalents vs Treasury Stock Analysis

ENS Stock

USD 103.18 2.20 2.09%

Enersys financial indicator trend analysis is much more than just examining Enersys latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enersys is a good investment. Please check the relationship between Enersys Cash And Equivalents and its Treasury Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enersys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Enersys Stock please use our How to Invest in Enersys guide.

Cash And Equivalents vs Treasury Stock

Cash And Equivalents vs Treasury Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enersys Cash And Equivalents account and Treasury Stock. At this time, the significance of the direction appears to have strong relationship.

The correlation between Enersys' Cash And Equivalents and Treasury Stock is 0.67. Overlapping area represents the amount of variation of Cash And Equivalents that can explain the historical movement of Treasury Stock in the same time period over historical financial statements of Enersys, assuming nothing else is changed. The correlation between historical values of Enersys' Cash And Equivalents and Treasury Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Equivalents of Enersys are associated (or correlated) with its Treasury Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Treasury Stock has no effect on the direction of Cash And Equivalents i.e., Enersys' Cash And Equivalents and Treasury Stock go up and down completely randomly.

Correlation Coefficient

0.67

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Cash And Equivalents

Treasury Stock

Most indicators from Enersys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enersys 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 Enersys. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Enersys Stock please use our How to Invest in Enersys guide.At this time, Enersys' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 35 M in 2024, whereas Enterprise Value Over EBITDA is likely to drop 7.78 in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	37.8M	59.5M	50.0M	36.4M
Depreciation And Amortization	141.9M	100.6M	92.0M	67.6M

Interest Expense Depreciation And Amortization

Enersys fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets
Total Assets		0.92	0.88	0.58	-0.52	0.58	0.35	-0.76	0.97	0.92	0.91	0.84	0.96	0.87	0.91	0.82	0.94	0.95	0.61	0.9	0.92	0.93	0.69	0.91	0.94	0.54
Total Stockholder Equity	0.92		0.66	0.58	-0.66	0.58	0.52	-0.63	0.79	0.93	0.68	0.86	0.95	0.74	0.9	0.77	0.95	0.81	0.45	0.66	0.85	0.8	0.81	0.68	0.91	0.52
Net Debt	0.88	0.66		0.28	-0.23	0.28	0.08	-0.71	0.95	0.69	0.96	0.61	0.79	0.81	0.78	0.71	0.75	0.94	0.68	0.95	0.79	0.93	0.4	0.96	0.82	0.47
Cash	0.58	0.58	0.28		-0.63	1.0	0.46	-0.65	0.54	0.76	0.5	0.49	0.49	0.61	0.41	0.55	0.5	0.36	0.12	0.53	0.59	0.29	0.67	0.51	0.46	0.2
Other Assets	-0.52	-0.66	-0.23	-0.63		-0.63	-0.97	0.38	-0.39	-0.77	-0.26	-0.5	-0.56	-0.39	-0.38	-0.53	-0.61	-0.28	0.0	-0.27	-0.72	-0.26	-0.96	-0.28	-0.48	-0.2
Cash And Short Term Investments	0.58	0.58	0.28	1.0	-0.63		0.46	-0.65	0.54	0.76	0.5	0.49	0.49	0.61	0.41	0.55	0.5	0.36	0.12	0.53	0.59	0.29	0.67	0.51	0.46	0.2
Common Stock Shares Outstanding	0.35	0.52	0.08	0.46	-0.97	0.46		-0.17	0.21	0.62	0.07	0.39	0.42	0.19	0.21	0.35	0.47	0.13	-0.07	0.08	0.6	0.11	0.88	0.1	0.31	0.09
Other Stockholder Equity	-0.76	-0.63	-0.71	-0.65	0.38	-0.65	-0.17		-0.79	-0.73	-0.81	-0.56	-0.67	-0.78	-0.74	-0.93	-0.67	-0.69	-0.37	-0.81	-0.67	-0.65	-0.55	-0.79	-0.72	-0.65
Total Liab	0.97	0.79	0.95	0.54	-0.39	0.54	0.21	-0.79		0.84	0.98	0.75	0.89	0.88	0.84	0.78	0.85	0.96	0.66	0.98	0.88	0.93	0.55	0.98	0.88	0.51
Total Current Assets	0.92	0.93	0.69	0.76	-0.77	0.76	0.62	-0.73	0.84		0.75	0.78	0.9	0.78	0.79	0.79	0.92	0.75	0.43	0.75	0.94	0.72	0.88	0.76	0.88	0.45
Short Long Term Debt Total	0.91	0.68	0.96	0.5	-0.26	0.5	0.07	-0.81	0.98	0.75		0.64	0.79	0.87	0.79	0.75	0.75	0.93	0.65	1.0	0.8	0.9	0.43	0.99	0.82	0.48
Other Current Liab	0.84	0.86	0.61	0.49	-0.5	0.49	0.39	-0.56	0.75	0.78	0.64		0.9	0.61	0.79	0.72	0.81	0.79	0.41	0.63	0.77	0.8	0.63	0.65	0.73	0.58
Total Current Liabilities	0.96	0.95	0.79	0.49	-0.56	0.49	0.42	-0.67	0.89	0.9	0.79	0.9		0.74	0.91	0.81	0.97	0.9	0.56	0.78	0.9	0.9	0.71	0.79	0.94	0.6
Other Liab	0.87	0.74	0.81	0.61	-0.39	0.61	0.19	-0.78	0.88	0.78	0.87	0.61	0.74		0.79	0.72	0.72	0.84	0.38	0.87	0.78	0.81	0.57	0.88	0.76	0.39
Property Plant And Equipment Net	0.91	0.9	0.78	0.41	-0.38	0.41	0.21	-0.74	0.84	0.79	0.79	0.79	0.91	0.79		0.83	0.89	0.9	0.55	0.76	0.73	0.89	0.61	0.76	0.91	0.69
Retained Earnings	0.82	0.77	0.71	0.55	-0.53	0.55	0.35	-0.93	0.78	0.79	0.75	0.72	0.81	0.72	0.83		0.79	0.76	0.43	0.74	0.75	0.74	0.68	0.74	0.8	0.76
Accounts Payable	0.94	0.95	0.75	0.5	-0.61	0.5	0.47	-0.67	0.85	0.92	0.75	0.81	0.97	0.72	0.89	0.79		0.84	0.56	0.74	0.89	0.83	0.75	0.75	0.97	0.59
Non Current Assets Total	0.95	0.81	0.94	0.36	-0.28	0.36	0.13	-0.69	0.96	0.75	0.93	0.79	0.9	0.84	0.9	0.76	0.84		0.67	0.91	0.8	0.99	0.48	0.92	0.87	0.56
Non Currrent Assets Other	0.61	0.45	0.68	0.12	0.0	0.12	-0.07	-0.37	0.66	0.43	0.65	0.41	0.56	0.38	0.55	0.43	0.56	0.67		0.64	0.48	0.64	0.1	0.66	0.65	0.26
Long Term Debt	0.9	0.66	0.95	0.53	-0.27	0.53	0.08	-0.81	0.98	0.75	1.0	0.63	0.78	0.87	0.76	0.74	0.74	0.91	0.64		0.8	0.88	0.43	1.0	0.8	0.48
Net Receivables	0.92	0.85	0.79	0.59	-0.72	0.59	0.6	-0.67	0.88	0.94	0.8	0.77	0.9	0.78	0.73	0.75	0.89	0.8	0.48	0.8		0.78	0.8	0.82	0.85	0.37
Good Will	0.93	0.8	0.93	0.29	-0.26	0.29	0.11	-0.65	0.93	0.72	0.9	0.8	0.9	0.81	0.89	0.74	0.83	0.99	0.64	0.88	0.78		0.45	0.9	0.86	0.58
Common Stock Total Equity	0.69	0.81	0.4	0.67	-0.96	0.67	0.88	-0.55	0.55	0.88	0.43	0.63	0.71	0.57	0.61	0.68	0.75	0.48	0.1	0.43	0.8	0.45		0.44	0.65	0.35
Non Current Liabilities Total	0.91	0.68	0.96	0.51	-0.28	0.51	0.1	-0.79	0.98	0.76	0.99	0.65	0.79	0.88	0.76	0.74	0.75	0.92	0.66	1.0	0.82	0.9	0.44		0.8	0.46
Inventory	0.94	0.91	0.82	0.46	-0.48	0.46	0.31	-0.72	0.88	0.88	0.82	0.73	0.94	0.76	0.91	0.8	0.97	0.87	0.65	0.8	0.85	0.86	0.65	0.8		0.54
Other Current Assets	0.54	0.52	0.47	0.2	-0.2	0.2	0.09	-0.65	0.51	0.45	0.48	0.58	0.6	0.39	0.69	0.76	0.59	0.56	0.26	0.48	0.37	0.58	0.35	0.46	0.54

Click cells to compare fundamentals

Enersys Account Relationship Matchups

Enersys fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.3B	3.5B	3.7B	3.6B	3.5B	2.4B
Total Stockholder Equity	1.3B	1.5B	1.5B	1.6B	1.8B	1.1B
Net Debt	897.2M	552.6M	896.0M	814.1M	580.9M	382.5M
Cash	327.0M	451.8M	402.5M	346.7M	333.3M	245.7M
Other Assets	139.2M	75.8M	72.3M	85.1M	76.6M	74.3M
Cash And Short Term Investments	327.0M	451.8M	402.5M	346.7M	333.3M	245.7M
Common Stock Shares Outstanding	42.9M	43.2M	42.8M	41.3M	41.4M	45.2M
Liabilities And Stockholders Equity	3.3B	3.5B	3.7B	3.6B	3.5B	2.4B
Other Stockholder Equity	(42M)	(14.7M)	(151.3M)	(147.0M)	(205.9M)	(195.7M)
Total Liab	2.0B	1.9B	2.2B	2.0B	1.7B	1.3B
Total Current Assets	1.6B	1.7B	2.0B	1.9B	1.8B	1.2B
Short Long Term Debt Total	1.2B	1.0B	1.3B	1.2B	914.3M	656.8M
Other Current Liab	233.3M	302.7M	261.9M	253.1M	276.8M	229.4M
Total Current Liabilities	600.3M	677.0M	738.1M	718.3M	723.9M	536.7M
Other Liab	247.3M	241.0M	229.7M	209.1M	240.5M	127.2M
Property Plant And Equipment Net	480.0M	497.1M	503.3M	513.3M	608.9M	413.1M
Retained Earnings	1.6B	1.7B	1.8B	1.9B	2.2B	2.3B
Accounts Payable	281.9M	323.9M	393.1M	378.6M	369.5M	262.4M
Non Current Assets Total	1.7B	1.8B	1.7B	1.7B	1.7B	1.2B
Non Currrent Assets Other	76.6M	67.4M	79.2M	118.8M	19.6M	36.2M
Long Term Debt	1.1B	969.6M	1.2B	1.0B	802.0M	613.7M
Net Receivables	654.3M	603.6M	719.4M	693.4M	584.2M	526.6M
Good Will	663.9M	705.6M	700.6M	676.7M	682.9M	474.3M
Common Stock Total Equity	551K	555K	557K	560K	644K	531.8K
Non Current Liabilities Total	1.4B	1.2B	1.5B	1.3B	985.1M	801.4M
Inventory	519.5M	518.2M	715.7M	797.8M	697.7M	410.3M
Other Current Assets	26.0M	117.7M	155.6M	35.1M	167.5M	175.8M
Property Plant And Equipment Gross	480.0M	497.1M	1.2B	1.3B	1.3B	1.4B
Accumulated Other Comprehensive Income	(215.0M)	(115.9M)	(143.5M)	(183.5M)	(204.9M)	(194.6M)
Short Term Debt	67.8M	34.4M	55.3M	52.0M	50.0M	33.9M
Intangible Assets	455.7M	430.9M	396.2M	360.4M	319.4M	253.8M
Common Stock	551K	555K	557K	560K	564K	535.8K
Property Plant Equipment	480.0M	559.2M	574.3M	598.5M	688.3M	412.3M
Treasury Stock	(564.4M)	(563.5M)	(719.1M)	(741.0M)	(666.9M)	(633.5M)
Net Tangible Assets	180.9M	403.3M	392.5M	563.2M	506.8M	403.2M
Current Deferred Revenue	17.3M	16.0M	27.9M	34.6M	27.6M	17.2M
Noncontrolling Interest In Consolidated Entity	3.5M	3.8M	3.9M	3.6M	3.2M	4.2M
Retained Earnings Total Equity	1.6B	1.7B	1.8B	1.9B	2.2B	1.3B
Long Term Debt Total	1.1B	969.6M	1.2B	1.0B	1.2B	721.9M

Pair Trading with Enersys

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

Moving together with Enersys Stock

0.91	BE	Bloom Energy Corp Downward Rally	Pair Corr
0.73	ENVX	Enovix Corp Downward Rally	Pair Corr

Moving against Enersys Stock

0.82	FLUX	Flux Power Holdings Fiscal Year End 19th of September 2024	Pair Corr
0.71	NVX	Novonix Ltd ADR	Pair Corr
0.67	EPOW	Sunrise New Energy	Pair Corr
0.64	ELVA	Electrovaya Common Shares	Pair Corr
0.64	ESP	Espey Mfg Electronics	Pair Corr

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

The correlation of Enersys 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 Enersys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enersys 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 Enersys 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

Additional Tools for Enersys Stock Analysis

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

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