Essent Interest Income vs Net Income From Continuing Ops Analysis

ESNT Stock

USD 57.51 0.08 0.14%

Essent financial indicator trend analysis is much more than just examining Essent Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Essent Group is a good investment. Please check the relationship between Essent Interest Income and its Net Income From Continuing Ops accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Essent Group. 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.

Interest Income vs Net Income From Continuing Ops

Interest Income vs Net Income From Continuing Ops Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Essent Group Interest Income account and Net Income From Continuing Ops. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Essent's Interest Income and Net Income From Continuing Ops is 0.89. Overlapping area represents the amount of variation of Interest Income that can explain the historical movement of Net Income From Continuing Ops in the same time period over historical financial statements of Essent Group, assuming nothing else is changed. The correlation between historical values of Essent's Interest Income and Net Income From Continuing Ops is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Interest Income of Essent Group are associated (or correlated) with its Net Income From Continuing Ops. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income From Continuing Ops has no effect on the direction of Interest Income i.e., Essent's Interest Income and Net Income From Continuing Ops go up and down completely randomly.

Correlation Coefficient

0.89

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Interest Income

Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.

Net Income From Continuing Ops

Most indicators from Essent's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Essent Group 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 Essent Group. 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.

At this time, Essent's Issuance Of Capital Stock is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 1,374 in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.10 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	805.3M	800.4M	890.3M	458.7M
Total Revenue	972.1M	972.1M	1.1B	581.9M

Gross Profit Total Revenue

Essent fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Property Plant Equipment	Total Current Liabilities	Net Tangible Assets	Accounts Payable
Common Stock Shares Outstanding		0.81	0.01	0.74	0.65	0.31	0.82	0.66	-0.35	0.7	0.04	0.02	0.67	0.82	0.84	0.81	0.8	0.87	0.84	0.35	0.48	0.81	0.36	0.84	0.76	0.48
Total Assets	0.81		-0.22	0.92	0.84	0.52	0.77	0.87	0.05	0.75	0.07	0.12	0.9	1.0	0.99	0.8	0.85	0.9	0.99	0.56	0.67	0.76	0.61	0.69	0.99	0.66
Other Current Liab	0.01	-0.22		-0.06	0.08	0.25	-0.03	0.0	-0.1	-0.29	0.38	0.71	-0.08	-0.25	-0.12	0.06	-0.45	-0.16	-0.26	-0.42	-0.67	0.02	-0.21	0.23	-0.24	-0.51
Total Stockholder Equity	0.74	0.92	-0.06		0.96	0.73	0.8	0.98	0.05	0.67	0.28	0.31	0.95	0.92	0.91	0.75	0.77	0.83	0.9	0.49	0.6	0.72	0.56	0.65	0.92	0.6
Other Liab	0.65	0.84	0.08	0.96		0.8	0.72	0.98	0.09	0.49	0.29	0.5	0.88	0.83	0.84	0.69	0.63	0.73	0.79	0.42	0.48	0.66	0.55	0.56	0.85	0.5
Property Plant And Equipment Net	0.31	0.52	0.25	0.73	0.8		0.57	0.81	-0.03	0.32	0.59	0.59	0.64	0.49	0.51	0.28	0.2	0.3	0.45	0.56	0.28	0.22	0.68	0.21	0.57	0.22
Net Debt	0.82	0.77	-0.03	0.8	0.72	0.57		0.79	-0.53	0.62	0.15	0.19	0.76	0.77	0.76	0.48	0.73	0.64	0.79	0.53	0.45	0.46	0.55	0.72	0.78	0.55
Retained Earnings	0.66	0.87	0.0	0.98	0.98	0.81	0.79		0.03	0.57	0.3	0.43	0.92	0.86	0.86	0.65	0.68	0.73	0.84	0.51	0.52	0.61	0.61	0.58	0.89	0.56
Cash	-0.35	0.05	-0.1	0.05	0.09	-0.03	-0.53	0.03		-0.05	0.04	0.07	0.14	0.05	0.04	0.23	-0.08	0.11	0.0	-0.2	0.08	0.22	-0.14	-0.19	0.03	0.01
Non Current Assets Total	0.7	0.75	-0.29	0.67	0.49	0.32	0.62	0.57	-0.05		0.44	-0.36	0.7	0.76	0.71	0.63	0.67	0.74	0.8	0.44	0.8	0.61	0.33	0.59	0.71	0.65
Non Currrent Assets Other	0.04	0.07	0.38	0.28	0.29	0.59	0.15	0.3	0.04	0.44		0.13	0.26	0.07	0.06	0.11	-0.23	0.03	0.08	0.05	0.21	0.05	0.05	0.05	0.08	0.07
Other Assets	0.02	0.12	0.71	0.31	0.5	0.59	0.19	0.43	0.07	-0.36	0.13		0.24	0.08	0.18	0.11	-0.17	-0.01	0.02	-0.05	-0.49	0.06	0.24	0.15	0.16	-0.25
Long Term Debt	0.67	0.9	-0.08	0.95	0.88	0.64	0.76	0.92	0.14	0.7	0.26	0.24		0.9	0.89	0.72	0.77	0.82	0.9	0.43	0.57	0.7	0.49	0.71	0.89	0.57
Cash And Short Term Investments	0.82	1.0	-0.25	0.92	0.83	0.49	0.77	0.86	0.05	0.76	0.07	0.08	0.9		0.98	0.81	0.87	0.91	0.99	0.55	0.69	0.77	0.59	0.69	0.99	0.67
Net Receivables	0.84	0.99	-0.12	0.91	0.84	0.51	0.76	0.86	0.04	0.71	0.06	0.18	0.89	0.98		0.84	0.83	0.91	0.97	0.5	0.59	0.8	0.58	0.73	0.97	0.55
Common Stock Total Equity	0.81	0.8	0.06	0.75	0.69	0.28	0.48	0.65	0.23	0.63	0.11	0.11	0.72	0.81	0.84		0.7	0.95	0.8	0.13	0.48	0.99	0.2	0.74	0.73	0.42
Short Term Investments	0.8	0.85	-0.45	0.77	0.63	0.2	0.73	0.68	-0.08	0.67	-0.23	-0.17	0.77	0.87	0.83	0.7		0.88	0.89	0.44	0.67	0.73	0.38	0.7	0.82	0.67
Other Stockholder Equity	0.87	0.9	-0.16	0.83	0.73	0.3	0.64	0.73	0.11	0.74	0.03	-0.01	0.82	0.91	0.91	0.95	0.88		0.92	0.28	0.63	0.95	0.3	0.78	0.84	0.55
Total Liab	0.84	0.99	-0.26	0.9	0.79	0.45	0.79	0.84	0.0	0.8	0.08	0.02	0.9	0.99	0.97	0.8	0.89	0.92		0.53	0.7	0.77	0.55	0.73	0.97	0.7
Property Plant And Equipment Gross	0.35	0.56	-0.42	0.49	0.42	0.56	0.53	0.51	-0.2	0.44	0.05	-0.05	0.43	0.55	0.5	0.13	0.44	0.28	0.53		0.54	0.09	0.94	0.08	0.62	0.42
Total Current Assets	0.48	0.67	-0.67	0.6	0.48	0.28	0.45	0.52	0.08	0.8	0.21	-0.49	0.57	0.69	0.59	0.48	0.67	0.63	0.7	0.54		0.47	0.39	0.23	0.66	0.72
Common Stock	0.81	0.76	0.02	0.72	0.66	0.22	0.46	0.61	0.22	0.61	0.05	0.06	0.7	0.77	0.8	0.99	0.73	0.95	0.77	0.09	0.47		0.13	0.75	0.68	0.41
Property Plant Equipment	0.36	0.61	-0.21	0.56	0.55	0.68	0.55	0.61	-0.14	0.33	0.05	0.24	0.49	0.59	0.58	0.2	0.38	0.3	0.55	0.94	0.39	0.13		0.12	0.68	0.28
Total Current Liabilities	0.84	0.69	0.23	0.65	0.56	0.21	0.72	0.58	-0.19	0.59	0.05	0.15	0.71	0.69	0.73	0.74	0.7	0.78	0.73	0.08	0.23	0.75	0.12		0.63	0.39
Net Tangible Assets	0.76	0.99	-0.24	0.92	0.85	0.57	0.78	0.89	0.03	0.71	0.08	0.16	0.89	0.99	0.97	0.73	0.82	0.84	0.97	0.62	0.66	0.68	0.68	0.63		0.66
Accounts Payable	0.48	0.66	-0.51	0.6	0.5	0.22	0.55	0.56	0.01	0.65	0.07	-0.25	0.57	0.67	0.55	0.42	0.67	0.55	0.7	0.42	0.72	0.41	0.28	0.39	0.66

Click cells to compare fundamentals

Essent Account Relationship Matchups

Essent fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	98.2M	106.4M	111.6M	107.7M	107.1M	88.6M
Total Assets	3.9B	5.2B	5.7B	5.7B	6.5B	3.3B
Other Current Liab	(224.2M)	(321.7M)	(419.8M)	(2.4M)	361.2M	379.2M
Total Stockholder Equity	3.0B	3.9B	4.2B	4.5B	5.1B	5.4B
Other Liab	281.0M	305.1M	373.7M	516.1M	593.5M	623.2M
Property Plant And Equipment Net	17.3M	15.1M	11.9M	19.6M	41.3M	43.4M
Net Debt	152.9M	218.9M	338.3M	339.6M	318.1M	334.0M
Retained Earnings	1.8B	2.2B	2.8B	3.5B	4.1B	4.3B
Cash	71.4M	102.8M	81.5M	81.2M	141.8M	72.7M
Non Current Assets Total	3.4B	4.6B	5.0B	19.6M	4.0B	2.2B
Non Currrent Assets Other	(47.7M)	(49.4M)	(44.2M)	(4.8B)	3.6B	3.7B
Other Assets	(3.0B)	(4.1B)	(4.3B)	5.3B	4.8B	5.0B
Long Term Debt	248.6M	223.7M	224.2M	321.7M	370.0M	388.5M
Cash And Short Term Investments	3.4B	4.7B	5.0B	4.8B	5.4B	2.9B
Net Receivables	40.7M	50.1M	46.2M	57.4M	63.3M	33.4M
Short Term Investments	3.4B	4.6B	5.0B	4.7B	1.8B	2.5B
Liabilities And Stockholders Equity	3.9B	5.2B	5.7B	5.7B	6.5B	3.3B
Other Stockholder Equity	1.1B	1.6B	1.4B	1.4B	1.3B	1.1B
Total Liab	888.6M	1.3B	1.5B	1.3B	1.4B	781.8M
Property Plant And Equipment Gross	7.0M	7.6M	17.3M	15.1M	17.4M	10.3M
Total Current Assets	3.5B	4.7B	5.1B	390.7M	2.5B	1.6B
Accumulated Other Comprehensive Income	56.2M	138.3M	50.7M	(382.8M)	(280.5M)	(266.5M)
Property Plant Equipment	17.3M	15.1M	11.9M	19.6M	22.5M	11.5M
Total Current Liabilities	224.2M	321.7M	419.8M	418.5M	366.5M	358.9M
Net Tangible Assets	3.0B	3.9B	4.2B	4.5B	5.1B	2.6B
Accounts Payable	66.5M	87.9M	407.4M	104.5M	120.1M	90.6M
Non Current Liabilities Total	473.9M	626.8M	373.7M	843.0M	1.0B	1.1B
Other Current Assets	933.9M	1.4B	1.1B	1.3B	2.5B	2.6B
Long Term Investments	3.4B	4.7B	5.0B	4.7B	5.5B	3.3B
Short Long Term Debt	224.2M	321.7M	419.8M	420.9M	421.9M	268.1M
Short Term Debt	224.2M	321.7M	419.8M	420.9M	5.3M	5.0M
Intangible Assets	18.3M	19.9M	15.1M	13.9M	84.2M	88.4M
Retained Earnings Total Equity	1.8B	2.2B	2.8B	3.5B	4.0B	4.2B
Deferred Long Term Liab	249.6M	305.1M	373.7M	356.8M	410.3M	222.0M
Capital Surpluse	1.1B	1.6B	1.4B	1.4B	1.6B	1.3B
Non Current Liabilities Other	348.2M	625.4M	592.8M	379.4M	436.3M	427.7M
Short Long Term Debt Total	224.2M	321.7M	419.8M	420.9M	459.9M	332.6M

Pair Trading with Essent

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

Moving together with Essent Stock

0.68

ACT

Enact Holdings

Pair Corr

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

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

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC