EverQuote Free Cash Flow vs Invested Capital Analysis
| EVER Stock | USD 18.12 0.68 3.62% |
EverQuote financial indicator trend analysis is much more than just examining EverQuote Class A latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EverQuote Class A is a good investment. Please check the relationship between EverQuote Free Cash Flow and its Invested Capital accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EverQuote Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Free Cash Flow vs Invested Capital
Free Cash Flow vs Invested Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EverQuote Class A Free Cash Flow account and Invested Capital. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between EverQuote's Free Cash Flow and Invested Capital is -0.35. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Invested Capital in the same time period over historical financial statements of EverQuote Class A, assuming nothing else is changed. The correlation between historical values of EverQuote's Free Cash Flow and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of EverQuote Class A are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Free Cash Flow i.e., EverQuote's Free Cash Flow and Invested Capital go up and down completely randomly.
Correlation Coefficient | -0.35 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
Free Cash Flow
The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to EverQuote Class A. There are two different methods for calculating EverQuote Class A invested capital: operating approach and financing approach. Understanding EverQuote invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Most indicators from EverQuote's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EverQuote Class A 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 EverQuote Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. As of 04/19/2024, Tax Provision is likely to grow to about 630 K, while Selling General Administrative is likely to drop slightly above 20.8 M.
EverQuote fundamental ratios Correlations
Click cells to compare fundamentals
EverQuote Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EverQuote fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 91.2M | 129.1M | 143.6M | 156.5M | 110.9M | 105.4M | |
| Total Current Liabilities | 38.4M | 46.8M | 47.4M | 45.4M | 29.9M | 23.7M | |
| Total Stockholder Equity | 51.8M | 71.0M | 85.1M | 107.5M | 80.9M | 76.9M | |
| Retained Earnings | (107.0M) | (118.2M) | (137.6M) | (162.1M) | (213.3M) | (202.7M) | |
| Accounts Payable | 23.7M | 33.0M | 29.6M | 30.7M | 17.2M | 15.9M | |
| Cash | 46.1M | 42.9M | 34.9M | 30.8M | 38.0M | 36.1M | |
| Other Assets | 691K | 12.3M | 108.8M | 50.1M | 57.7M | 60.5M | |
| Total Liab | 39.5M | 58.1M | 58.5M | 49.0M | 30.0M | 28.5M | |
| Total Current Assets | 85.3M | 42.9M | 84.7M | 81.0M | 69.2M | 42.8M | |
| Common Stock | 27K | 28K | 30K | 32K | 35K | 18.0K | |
| Property Plant Equipment | 5.2M | 6.2M | 5.8M | 12.2M | 11.0M | 19.0M | |
| Other Current Liab | 2.0M | 9.4M | 13.0M | 9.9M | 8.8M | 8.3M | |
| Other Liab | 1.1M | 3.1M | 5.5M | 125K | 112.5K | 106.9K | |
| Net Tangible Assets | 51.8M | 57.8M | 53.5M | 78.0M | 70.2M | 66.7M | |
| Other Stockholder Equity | 158.8M | 189.2M | 222.7M | 269.5M | 294.2M | 308.9M | |
| Short Term Debt | 11.3M | 2.6M | 2.7M | 2.9M | 2.1M | 2.0M | |
| Common Stock Shares Outstanding | 25.8M | 27.3M | 29.1M | 31.6M | 33.4M | 26.5M | |
| Property Plant And Equipment Net | 5.2M | 15.8M | 13.1M | 12.2M | 7.3M | 8.6M | |
| Current Deferred Revenue | 1.5M | 1.9M | 2.1M | 1.9M | 1.9M | 1.7M | |
| Net Debt | (46.1M) | (32.2M) | (26.6M) | (24.4M) | (35.8M) | (37.6M) | |
| Non Current Assets Total | 5.9M | 86.2M | 58.9M | 75.5M | 41.7M | 38.4M | |
| Non Currrent Assets Other | 691K | 57.2M | 14.1M | 33.9M | 29K | 27.6K | |
| Cash And Short Term Investments | 46.1M | 42.9M | 34.9M | 30.8M | 38.0M | 34.2M | |
| Net Receivables | 32.2M | 46.1M | 44.9M | 43.1M | 25.5M | 32.5M | |
| Common Stock Total Equity | 26K | 27K | 28K | 30K | 34.5K | 23.7K | |
| Liabilities And Stockholders Equity | 91.2M | 129.1M | 143.6M | 156.5M | 110.9M | 102.6M | |
| Non Current Liabilities Total | 1.1M | 11.2M | 11.1M | 3.6M | 70K | 66.5K | |
| Other Current Assets | 7.1M | 8.5M | 14.2M | 7.0M | 5.8M | 6.2M | |
| Property Plant And Equipment Gross | 5.2M | 15.8M | 25.0M | 25.5M | 21.7M | 14.0M | |
| Accumulated Other Comprehensive Income | (7.5M) | (7K) | 10K | (6K) | 29K | 30.5K | |
| Net Invested Capital | 51.8M | 71.0M | 85.1M | 107.5M | 80.9M | 61.8M | |
| Net Working Capital | 46.9M | 50.6M | 37.3M | 35.6M | 39.3M | 39.5M |
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 EverQuote 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, EverQuote's short interest history, or implied volatility extrapolated from EverQuote options trading.
Pair Trading with EverQuote
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 EverQuote 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 EverQuote will appreciate offsetting losses from the drop in the long position's value.Moving against EverQuote Stock
| 0.73 | CCG | Cheche Group Report 25th of September 2024 | PairCorr |
| 0.68 | TC | TuanChe ADR | PairCorr |
| 0.64 | Z | Zillow Group Class Financial Report 1st of May 2024 | PairCorr |
| 0.64 | ZH | Zhihu Inc ADR | PairCorr |
The ability to find closely correlated positions to EverQuote could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EverQuote 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 EverQuote - 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 EverQuote Class A to buy it.
The correlation of EverQuote 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 EverQuote moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EverQuote Class A 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 EverQuote 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 EverQuote Class A. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the EverQuote Class A information on this page should be used as a complementary analysis to other EverQuote's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 EverQuote Stock analysis
When running EverQuote's price analysis, check to measure EverQuote'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 EverQuote is operating at the current time. Most of EverQuote's value examination focuses on studying past and present price action to predict the probability of EverQuote's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EverQuote's price. Additionally, you may evaluate how the addition of EverQuote to your portfolios can decrease your overall portfolio volatility.
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Is EverQuote'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 EverQuote. If investors know EverQuote 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 EverQuote listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.54) | Revenue Per Share 8.633 | Quarterly Revenue Growth (0.37) | Return On Assets (0.13) | Return On Equity (0.54) |
The market value of EverQuote Class A is measured differently than its book value, which is the value of EverQuote that is recorded on the company's balance sheet. Investors also form their own opinion of EverQuote's value that differs from its market value or its book value, called intrinsic value, which is EverQuote'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 EverQuote's market value can be influenced by many factors that don't directly affect EverQuote'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 EverQuote's value and its price as these two are different measures arrived at by different means. Investors typically determine if EverQuote is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EverQuote'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.