Ecopetrol Cash Flow Overview
| EC Stock | USD 11.64 0.11 0.94% |
Ecopetrol |
Most accounts from Ecopetrol's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Ecopetrol SA ADR current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Ecopetrol Valuation and Ecopetrol Correlation analysis. At present, Ecopetrol's Other Non Cash Items is projected to increase significantly based on the last few years of reporting. The current year's Capital Expenditures is expected to grow to about 25.3 T, whereas Change In Cash is projected to grow to (2.9 T).
Ecopetrol cash flow statement Correlations
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Ecopetrol Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ecopetrol cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 764B | (2.0T) | 9.5T | 851B | (3.1T) | (2.9T) | |
| Free Cash Flow | 13.7T | (1.9T) | 9.2T | 14.4T | (8.5T) | (8.1T) | |
| Other Non Cash Items | 9.1T | 8.1T | 11.0T | 5.2T | 59.7T | 62.7T | |
| Dividends Paid | 13.9T | 8.7T | 2.8T | 13.4T | (5.6T) | (5.3T) | |
| Capital Expenditures | 14.0T | 11.1T | 13.3T | 21.9T | 24.1T | 25.3T | |
| Net Income | 13.3T | 1.7T | 16.7T | 33.4T | 19.1T | 10.3T | |
| End Period Cash Flow | 7.1T | 5.1T | 14.6T | 15.4T | 12.3T | 7.4T | |
| Change To Inventory | (597.6B) | 716.1B | (3.0T) | (2.8T) | 808.1B | 848.5B | |
| Depreciation | 8.6T | 9.3T | 10.2T | 12.1T | 14.3T | 15.0T | |
| Investments | (10.0T) | (8.5T) | 1.6T | (18.1T) | (20.0T) | (19.0T) | |
| Net Borrowings | (8.8T) | (1.5T) | 8.5T | 13.1T | 15.0T | 15.8T | |
| Change To Netincome | 3.8T | 560B | 8.4T | 22.3T | 25.7T | 27.0T |
Pair Trading with Ecopetrol
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 Ecopetrol 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 Ecopetrol will appreciate offsetting losses from the drop in the long position's value.Moving against Ecopetrol Stock
| 0.53 | NS | NuStar Energy LP | PairCorr |
The ability to find closely correlated positions to Ecopetrol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ecopetrol 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 Ecopetrol - 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 Ecopetrol SA ADR to buy it.
The correlation of Ecopetrol 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 Ecopetrol moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ecopetrol SA ADR 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 Ecopetrol 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 Ecopetrol Valuation and Ecopetrol Correlation analysis. Note that the Ecopetrol SA ADR information on this page should be used as a complementary analysis to other Ecopetrol'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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for Ecopetrol Stock analysis
When running Ecopetrol's price analysis, check to measure Ecopetrol'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 Ecopetrol is operating at the current time. Most of Ecopetrol's value examination focuses on studying past and present price action to predict the probability of Ecopetrol's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ecopetrol's price. Additionally, you may evaluate how the addition of Ecopetrol to your portfolios can decrease your overall portfolio volatility.
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Is Ecopetrol'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 Ecopetrol. If investors know Ecopetrol 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 Ecopetrol 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 (0.38) | Earnings Share 2.6 | Revenue Per Share 34.8 K | Quarterly Revenue Growth (0.12) | Return On Assets 0.0881 |
The market value of Ecopetrol SA ADR is measured differently than its book value, which is the value of Ecopetrol that is recorded on the company's balance sheet. Investors also form their own opinion of Ecopetrol's value that differs from its market value or its book value, called intrinsic value, which is Ecopetrol'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 Ecopetrol's market value can be influenced by many factors that don't directly affect Ecopetrol'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 Ecopetrol's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ecopetrol is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ecopetrol'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.