Energy Selling General Administrative vs Depreciation And Amortization Analysis
ET Stock | USD 15.96 0.02 0.13% |
Energy Transfer financial indicator trend analysis is much more than just examining Energy Transfer LP latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Transfer LP is a good investment. Please check the relationship between Energy Transfer Selling General Administrative and its Depreciation And Amortization accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Transfer LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Selling General Administrative vs Depreciation And Amortization
Selling General Administrative vs Depreciation And Amortization Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Transfer LP Selling General Administrative account and Depreciation And Amortization. At this time, the significance of the direction appears to have strong relationship.
The correlation between Energy Transfer's Selling General Administrative and Depreciation And Amortization is 0.76. Overlapping area represents the amount of variation of Selling General Administrative that can explain the historical movement of Depreciation And Amortization in the same time period over historical financial statements of Energy Transfer LP, assuming nothing else is changed. The correlation between historical values of Energy Transfer's Selling General Administrative and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Selling General Administrative of Energy Transfer LP are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Selling General Administrative i.e., Energy Transfer's Selling General Administrative and Depreciation And Amortization go up and down completely randomly.
Correlation Coefficient | 0.76 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Selling General Administrative
Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most indicators from Energy Transfer's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Transfer LP 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 Energy Transfer LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Energy Transfer's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 8.42 in 2024, whereas Issuance Of Capital Stock is likely to drop 0.00 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 13.2B | 13.5B | 13.7B | 14.3B | Total Revenue | 67.4B | 89.9B | 78.6B | 82.5B |
Energy Transfer fundamental ratios Correlations
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Energy Transfer Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Transfer fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 98.9B | 95.1B | 106.0B | 105.6B | 113.7B | 60.0B | |
Short Long Term Debt Total | 51.9B | 52.3B | 49.8B | 49.1B | 53.2B | 30.0B | |
Other Current Liab | 3.0B | 3.4B | 2.9B | 2.9B | 3.0B | 1.9B | |
Total Current Liabilities | 7.7B | 5.9B | 10.8B | 10.4B | 11.3B | 5.7B | |
Total Stockholder Equity | (11M) | 6M | 23M | 40.7B | 43.9B | 46.1B | |
Property Plant And Equipment Net | 75.2B | 76.0B | 82.4B | 81.1B | 86.2B | 43.5B | |
Current Deferred Revenue | 123M | 161M | 346M | 490M | 552M | 579.6M | |
Net Debt | 51.6B | 51.9B | 49.5B | 48.8B | 53.1B | 29.7B | |
Accounts Payable | 4.1B | 2.8B | 6.8B | 7.0B | 6.7B | 7.0B | |
Cash | 419M | 291M | 367M | 257M | 161M | 311.2M | |
Non Current Assets Total | 91.0B | 88.8B | 95.4B | 93.6B | 101.3B | 54.1B | |
Non Currrent Assets Other | (2.1B) | (1.8B) | (2.0B) | (2.1B) | (2.2B) | (2.1B) | |
Cash And Short Term Investments | 419M | 291M | 367M | 257M | 161M | 312.7M | |
Net Receivables | 5.3B | 4.0B | 7.7B | 8.6B | 9.2B | 9.7B | |
Good Will | 5.2B | 2.4B | 2.5B | 2.6B | 4.0B | 3.7B | |
Common Stock Shares Outstanding | 2.6B | 2.7B | 2.7B | 3.1B | 3.2B | 3.3B | |
Short Term Investments | 23M | 9M | 10M | 2.9B | 66M | 62.7M | |
Liabilities And Stockholders Equity | 77.1B | 76.6B | 74.7B | 72.6B | 69.0B | 50.6B | |
Non Current Liabilities Total | 56.6B | 57.1B | 55B | 54.1B | 57.7B | 33.4B | |
Inventory | 1.9B | 1.7B | 2.0B | 2.5B | 2.5B | 1.4B | |
Other Current Assets | 298M | 222M | 447M | (11.3B) | 308M | 323.4M | |
Other Stockholder Equity | (21.9B) | (18.5B) | (23M) | 40.6B | 43.9B | 46.1B | |
Total Liab | 64.3B | 63.0B | 65.8B | 64.5B | 69.0B | 39.1B | |
Property Plant And Equipment Gross | 75.2B | 76.5B | 104.0B | 106.0B | 115.8B | 121.5B | |
Total Current Assets | 7.9B | 6.3B | 10.5B | 12.1B | 12.4B | 13.1B | |
Accumulated Other Comprehensive Income | (11M) | 6M | 23M | 16M | 28M | 29.4M | |
Short Term Debt | 86M | 74M | 727M | 47M | 1.1B | 1.1B | |
Other Liab | 4.6B | 4.8B | 5.2B | 5.1B | 5.8B | 6.1B | |
Other Assets | 1.1B | 4.7B | 10.1B | 10.7B | 12.4B | 13.0B | |
Long Term Debt | 51.0B | 51.4B | 49.0B | 48.3B | 51.4B | 31.1B | |
Intangible Assets | 6.2B | 5.7B | 5.9B | 5.4B | 6.2B | 3.9B | |
Common Stock | 21.9B | 18.5B | 25.2B | 27.0B | 30.2B | 31.7B | |
Property Plant Equipment | 74.2B | 75.1B | 82.4B | 80.3B | 92.4B | 97.0B | |
Net Tangible Assets | 23.5B | 20.1B | 16.9B | 26.3B | 30.3B | 31.8B | |
Noncontrolling Interest In Consolidated Entity | 12.0B | 12.9B | 8.0B | 7.6B | 6.9B | 12.0B | |
Long Term Debt Total | 51.0B | 51.4B | 49.0B | 48.3B | 55.5B | 38.9B | |
Deferred Long Term Liab | 3.5B | 3.7B | 3.8B | 3.7B | 4.3B | 3.7B | |
Long Term Investments | 3.5B | 3.1B | 2.9B | 2.9B | 3.1B | 3.4B | |
Non Current Liabilities Other | 1.2B | 1.2B | 1.3B | 1.3B | 1.6B | 1.2B |
Energy Transfer Investors Sentiment
The influence of Energy Transfer's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Energy. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Energy Transfer's public news can be used to forecast risks associated with an investment in Energy. The trend in average sentiment can be used to explain how an investor holding Energy can time the market purely based on public headlines and social activities around Energy Transfer LP. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Energy Transfer's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Energy Transfer's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Energy Transfer's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Energy Transfer.
Energy Transfer Implied Volatility | 18.8 |
Energy Transfer's implied volatility exposes the market's sentiment of Energy Transfer LP stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Energy Transfer's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Energy Transfer stock will not fluctuate a lot when Energy Transfer's options are near their expiration.
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 Energy Transfer 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, Energy Transfer's short interest history, or implied volatility extrapolated from Energy Transfer options trading.
Pair Trading with Energy Transfer
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 Energy Transfer 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 Energy Transfer will appreciate offsetting losses from the drop in the long position's value.Moving together with Energy Stock
0.96 | AM | Antero Midstream Partners | PairCorr |
Moving against Energy Stock
0.78 | TK | Teekay | PairCorr |
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0.52 | FLNG | FLEX LNG Financial Report 21st of May 2024 | PairCorr |
The ability to find closely correlated positions to Energy Transfer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Transfer 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 Energy Transfer - 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 Energy Transfer LP to buy it.
The correlation of Energy Transfer 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 Energy Transfer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Transfer LP 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 Energy Transfer 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 Energy Transfer LP. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Energy Stock analysis
When running Energy Transfer's price analysis, check to measure Energy Transfer'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 Energy Transfer is operating at the current time. Most of Energy Transfer's value examination focuses on studying past and present price action to predict the probability of Energy Transfer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Energy Transfer's price. Additionally, you may evaluate how the addition of Energy Transfer to your portfolios can decrease your overall portfolio volatility.
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Is Energy Transfer'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 Energy Transfer. If investors know Energy 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 Energy Transfer 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 0.081 | Dividend Share 1.245 | Earnings Share 1.09 | Revenue Per Share 24.856 | Quarterly Revenue Growth 0.002 |
The market value of Energy Transfer LP is measured differently than its book value, which is the value of Energy that is recorded on the company's balance sheet. Investors also form their own opinion of Energy Transfer's value that differs from its market value or its book value, called intrinsic value, which is Energy Transfer'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 Energy Transfer's market value can be influenced by many factors that don't directly affect Energy Transfer'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 Energy Transfer's value and its price as these two are different measures arrived at by different means. Investors typically determine if Energy Transfer is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Energy Transfer'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.