Enservco Long Term Investments vs Good Will Analysis
ENSV Stock | USD 0.23 0.01 4.17% |
Enservco financial indicator trend analysis is much more than just examining Enservco latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enservco is a good investment. Please check the relationship between Enservco Long Term Investments and its Good Will accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enservco Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
Long Term Investments vs Good Will
Long Term Investments vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Enservco Long Term Investments account and Good Will. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Enservco's Long Term Investments and Good Will is 0.53. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Good Will in the same time period over historical financial statements of Enservco Co, assuming nothing else is changed. The correlation between historical values of Enservco's Long Term Investments and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Enservco Co are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Long Term Investments i.e., Enservco's Long Term Investments and Good Will go up and down completely randomly.
Correlation Coefficient | 0.53 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Enservco balance sheet that represents investments Enservco intends to hold for over a year. Enservco Co long term investments may include different instruments such as stocks, bonds, real estate and cash.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Enservco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enservco 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 Enservco Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. At this time, Enservco's Issuance Of Capital Stock is fairly stable compared to the past year. Enterprise Value is likely to climb to about 47.8 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 M in 2024.
2021 | 2023 | 2024 (projected) | Total Operating Expenses | 26.7M | 4.1M | 4.3M | Cost Of Revenue | 22.6M | 23.4M | 16.6M |
Enservco fundamental ratios Correlations
Click cells to compare fundamentals
Enservco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enservco fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 49.0M | 43.0M | 30.2M | 25.1M | 14.6M | 22.6M | |
Other Current Liab | 44K | 72K | 31K | 2.9M | 198K | 188.1K | |
Total Current Liabilities | 7.5M | 39.7M | 4.6M | 12.5M | 10.0M | 6.2M | |
Total Stockholder Equity | 4.6M | (2.7M) | 2.6M | 5.3M | (572K) | (543.4K) | |
Property Plant And Equipment Net | 33.1M | 31.0M | 23.4M | 18.3M | 7.8M | 14.8M | |
Net Debt | 40.4M | 24.1M | 14.3M | 16.5M | 9.5M | 10.0M | |
Retained Earnings | (17.5M) | (25.0M) | (27.5M) | (35.6M) | (49.7M) | (47.2M) | |
Accounts Payable | 3.4M | 4.5M | 1.9M | 2.9M | 4.3M | 2.4M | |
Cash | 257K | 663K | 1.5M | 149K | 201K | 191.0K | |
Non Current Assets Total | 35.5M | 34.2M | 25.3M | 19.6M | 8.9M | 15.8M | |
Non Currrent Assets Other | 854K | 1.9M | 776K | 336K | 183K | 173.9K | |
Cash And Short Term Investments | 257K | 663K | 1.5M | 149K | 201K | 191.0K | |
Net Receivables | 10.8M | 6.5M | 1.7M | 2.8M | 4.3M | 4.1M | |
Common Stock Total Equity | 255K | 271K | 278K | 32K | 36.8K | 35.0K | |
Common Stock Shares Outstanding | 3.7M | 4.2M | 11.4M | 10.9M | 20.5M | 21.5M | |
Liabilities And Stockholders Equity | 49.0M | 43.0M | 30.2M | 25.1M | 14.6M | 22.5M | |
Other Current Assets | 1.0M | 858K | 68K | 2.2M | 1.0M | 570.7K | |
Other Stockholder Equity | 57.8M | 22.1M | 30.1M | 40.9M | 49.0M | 51.4M | |
Total Liab | 44.4M | 45.7M | 27.6M | 19.8M | 15.2M | 16.1M | |
Property Plant And Equipment Gross | 31.0M | 23.4M | 18.3M | 59.8M | 51.4M | 54.0M | |
Total Current Assets | 13.5M | 8.7M | 4.9M | 5.6M | 5.7M | 6.9M | |
Common Stock | 271K | 278K | 32K | 57K | 131K | 102.5K | |
Short Long Term Debt Total | 40.0M | 41.0M | 25.6M | 16.7M | 9.7M | 10.2M | |
Non Current Liabilities Total | 37.0M | 5.9M | 23.1M | 7.3M | 5.1M | 4.9M | |
Inventory | 514K | 398K | 295K | 346K | 209K | 260.4K | |
Short Term Debt | 4.0M | 35.2M | 2.6M | 9.7M | 5.5M | 3.9M | |
Intangible Assets | 1.0M | 828K | 617K | 399K | 458.9K | 432.4K | |
Other Liab | 941K | 44K | 97K | 297K | 267.3K | 253.9K | |
Net Tangible Assets | 3.0M | (4.1M) | 1.4M | 4.4M | 4.0M | 6.2M | |
Other Assets | 3.1M | 1.9M | 3.8M | 336K | 386.4K | 367.1K | |
Long Term Debt | 2.6M | 20.7M | 5.5M | 7.0M | 3.3M | 3.2M | |
Retained Earnings Total Equity | (11.6M) | (17.5M) | (25.0M) | (27.5M) | (24.8M) | (23.5M) | |
Capital Surpluse | 19.6M | 21.8M | 22.1M | 30.1M | 34.6M | 18.3M | |
Non Current Liabilities Other | 5.9M | 88K | 24K | 22K | 58K | 55.1K | |
Property Plant Equipment | 33.1M | 26.6M | 23.4M | 18.3M | 21.0M | 28.8M | |
Short Long Term Debt | 34.1M | 1.7M | 9.0M | 4.4M | 5.1M | 6.6M |
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 Enservco 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, Enservco's short interest history, or implied volatility extrapolated from Enservco options trading.
Pair Trading with Enservco
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 Enservco 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 Enservco will appreciate offsetting losses from the drop in the long position's value.Moving together with Enservco Stock
0.69 | DWSN | Dawson Geophysical | PairCorr |
Moving against Enservco Stock
0.44 | VTOL | Bristow Group | PairCorr |
The ability to find closely correlated positions to Enservco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enservco 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 Enservco - 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 Enservco Co to buy it.
The correlation of Enservco 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 Enservco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enservco 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 Enservco 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 Enservco Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Enservco's price analysis, check to measure Enservco'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 Enservco is operating at the current time. Most of Enservco's value examination focuses on studying past and present price action to predict the probability of Enservco's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enservco's price. Additionally, you may evaluate how the addition of Enservco to your portfolios can decrease your overall portfolio volatility.
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Is Enservco'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 Enservco. If investors know Enservco 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 Enservco listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.42) | Revenue Per Share 1.078 | Quarterly Revenue Growth (0) | Return On Assets (0.22) | Return On Equity (28.53) |
The market value of Enservco is measured differently than its book value, which is the value of Enservco that is recorded on the company's balance sheet. Investors also form their own opinion of Enservco's value that differs from its market value or its book value, called intrinsic value, which is Enservco'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 Enservco's market value can be influenced by many factors that don't directly affect Enservco'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 Enservco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Enservco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Enservco'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.