Ellington Historical Balance Sheet

EARN Stock  USD 7.01  0.05  0.71%   
Trend analysis of Ellington Residential Mortgage balance sheet accounts such as Other Liabilities of 7.8 M or Net Debt of 408 M provides information on Ellington Residential's total assets, liabilities, and equity, which is the actual value of Ellington Residential to its prevalent stockholders. By breaking down trends over time using Ellington Residential balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
 
Yuan Drop
 
Covid
Financial Statement Analysis is much more than just reviewing and examining Ellington Residential latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Ellington Residential is a good buy for the upcoming year.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

About Ellington Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Ellington Residential at a specified time, usually calculated after every quarter, six months, or one year. Ellington Residential Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ellington Residential and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Ellington currently owns. An asset can also be divided into two categories, current and non-current.

Ellington Residential Balance Sheet Chart

At this time, Ellington Residential's Net Receivables is very stable compared to the past year. As of the 21st of July 2024, Liabilities And Stockholders Equity is likely to grow to about 1.5 B, though Other Current Liabilities is likely to grow to (693.1 M).

Total Assets

Total assets refers to the total amount of Ellington Residential assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Ellington Residential books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most accounts from Ellington Residential's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Ellington Residential current financial condition. On the other hand, looking into the entire matrix of balance sheet 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
At this time, Ellington Residential's Net Receivables is very stable compared to the past year. As of the 21st of July 2024, Liabilities And Stockholders Equity is likely to grow to about 1.5 B, though Other Current Liabilities is likely to grow to (693.1 M).
 2023 2024 (projected)
Other Liabilities13.3M7.8M
Total Stockholder Equity136.2M158.1M

Ellington Residential balance sheet Correlations

0.030.960.740.17-0.380.660.98-0.04-0.270.660.710.80.750.650.740.640.70.730.090.0-0.03-0.330.3-0.310.45
0.03-0.08-0.18-0.260.69-0.060.170.35-0.46-0.060.11-0.33-0.350.4-0.280.070.27-0.440.67-0.990.7-0.81-0.060.6-0.18
0.96-0.080.750.27-0.430.740.93-0.11-0.190.740.610.850.790.540.790.560.620.79-0.020.1-0.04-0.260.25-0.330.4
0.74-0.180.750.53-0.70.510.69-0.530.060.510.520.910.950.230.830.350.610.89-0.320.17-0.38-0.130.39-0.660.48
0.17-0.260.270.53-0.630.410.05-0.890.670.41-0.080.560.61-0.580.5-0.510.270.55-0.590.19-0.350.130.0-0.670.08
-0.380.69-0.43-0.7-0.63-0.31-0.240.66-0.51-0.31-0.18-0.8-0.830.26-0.73-0.08-0.23-0.830.71-0.670.77-0.56-0.330.98-0.31
0.66-0.060.740.510.41-0.310.58-0.280.21.00.380.630.550.20.760.130.560.58-0.220.070.06-0.19-0.2-0.250.56
0.980.170.930.690.05-0.240.580.1-0.420.580.720.730.670.760.650.720.690.650.22-0.130.07-0.440.3-0.170.4
-0.040.35-0.11-0.53-0.890.66-0.280.1-0.76-0.280.19-0.45-0.550.65-0.430.56-0.11-0.460.59-0.290.39-0.18-0.040.69-0.2
-0.27-0.46-0.190.060.67-0.510.2-0.42-0.760.2-0.560.170.21-0.770.23-0.64-0.30.21-0.580.39-0.330.5-0.26-0.550.08
0.66-0.060.740.510.41-0.311.00.58-0.280.20.380.630.550.20.760.130.560.58-0.220.070.06-0.19-0.2-0.250.56
0.710.110.610.52-0.08-0.180.380.720.19-0.560.380.470.440.640.50.610.890.43-0.03-0.06-0.21-0.290.34-0.140.48
0.8-0.330.850.910.56-0.80.630.73-0.450.170.630.470.980.210.920.390.540.99-0.380.31-0.410.070.34-0.740.43
0.75-0.350.790.950.61-0.830.550.67-0.550.210.550.440.980.140.90.320.530.97-0.430.33-0.470.070.41-0.790.41
0.650.40.540.23-0.580.260.20.760.65-0.770.20.640.210.140.20.880.430.160.58-0.330.31-0.520.230.320.29
0.74-0.280.790.830.5-0.730.760.65-0.430.230.760.50.920.90.20.320.620.9-0.450.27-0.380.030.33-0.690.52
0.640.070.560.35-0.51-0.080.130.720.56-0.640.130.610.390.320.880.320.330.370.260.0-0.07-0.10.280.00.24
0.70.270.620.610.27-0.230.560.69-0.11-0.30.560.890.540.530.430.620.330.47-0.11-0.26-0.12-0.440.29-0.230.45
0.73-0.440.790.890.55-0.830.580.65-0.460.210.580.430.990.970.160.90.370.47-0.450.43-0.490.170.32-0.770.45
0.090.67-0.02-0.32-0.590.71-0.220.220.59-0.58-0.22-0.03-0.38-0.430.58-0.450.26-0.11-0.45-0.630.85-0.650.080.69-0.19
0.0-0.990.10.170.19-0.670.07-0.13-0.290.390.07-0.060.310.33-0.330.270.0-0.260.43-0.63-0.680.790.05-0.570.23
-0.030.7-0.04-0.38-0.350.770.060.070.39-0.330.06-0.21-0.41-0.470.31-0.38-0.07-0.12-0.490.85-0.68-0.7-0.150.74-0.2
-0.33-0.81-0.26-0.130.13-0.56-0.19-0.44-0.180.5-0.19-0.290.070.07-0.520.03-0.1-0.440.17-0.650.79-0.7-0.07-0.54-0.11
0.3-0.060.250.390.0-0.33-0.20.3-0.04-0.26-0.20.340.340.410.230.330.280.290.320.080.05-0.15-0.07-0.36-0.15
-0.310.6-0.33-0.66-0.670.98-0.25-0.170.69-0.55-0.25-0.14-0.74-0.790.32-0.690.0-0.23-0.770.69-0.570.74-0.54-0.36-0.27
0.45-0.180.40.480.08-0.310.560.4-0.20.080.560.480.430.410.290.520.240.450.45-0.190.23-0.2-0.11-0.15-0.27
Click cells to compare fundamentals

Ellington Residential Account Relationship Matchups

Ellington Residential balance sheet Accounts

201920202021202220232024 (projected)
Total Assets1.5B1.2B1.6B1.1B945.7M1.5B
Other Current Liab(3.8M)(1.5M)(2.8M)(50.4M)(729.5M)(693.1M)
Total Stockholder Equity160.8M166.4M154.2M112.4M136.2M158.1M
Net Debt1.3B957.1M995.8M807.6M691.0M408.0M
Retained Earnings(69.6M)(63.3M)(84.8M)(128.7M)(138.6M)(131.7M)
Cash35.4M58.2M69.0M34.8M38.5M45.6M
Non Current Assets Total1.4B1.1B1.3B893.5M848.3M1.0B
Non Currrent Assets Other(1.5B)(1.2B)(1.6B)(1.1B)(945.3M)(898.0M)
Other Assets6.9M3.1M124.6M69.7M54.4M57.1M
Cash And Short Term Investments35.4M58.2M69.0M34.8M38.5M45.6M
Net Receivables45.1M51.9M93.2M55.6M58.9M60.5M
Common Stock Total Equity125K124K123K131K154.1K115.3K
Common Stock Shares Outstanding12.5M12.4M12.7M13.2M14.9M11.5M
Liabilities And Stockholders Equity1.5B1.2B1.6B1.1B945.7M1.5B
Non Current Liabilities Total32.0M13.2M379.4M50.4M79.9M75.9M
Other Stockholder Equity139.2M292.9M323.6M257.2M277.1M230.8M
Total Liab3.8M1.5M2.8M941.2M809.5M691.8M
Total Current Assets80.5M110.1M162.2M90.4M43.1M40.9M
Common Stock125K124K123K131K186K122.8K
Short Long Term Debt Total1.3B1.0B1.1B842.5M729.5M951.4M
Total Current Liabilities3.8M1.5M2.8M50.4M729.5M766.0M
Net Tangible Assets160.8M166.4M154.2M112.4M101.2M124.6M
Accounts Payable3.8M1.5M2.8M50.4M57.3M60.2M
Long Term Debt2.0M6.6M1.1M3.1M3.6M4.3M
Retained Earnings Total Equity(69.6M)(63.3M)(84.8M)(128.7M)(115.8M)(110.0M)
Short Term Investments2.1M2.8M117.5M499K74.3M44.7M
Long Term Debt Total2.0M6.6M1.1M3.1M3.6M4.8M
Capital Surpluse230.4M229.6M238.9M240.9M277.1M238.8M
Long Term Investments4.2M292K6.6M68.8M773.5M812.2M
Non Current Liabilities Other1.3B1.0B1.2B843.0M758.7M1.0B
Other Current Assets(80.5M)(110.1M)(162.2M)(90.4M)(97.4M)(102.3M)
Short Term Debt1.3B1.0B1.1B842.5M729.5M942.4M
Capital Stock124K123K131K134K186K150.9K

Pair Trading with Ellington Residential

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

Moving together with Ellington Stock

  0.71BK Bank of New York Fiscal Year End 10th of January 2025 PairCorr

Moving against Ellington Stock

  0.36MA MastercardPairCorr
  0.32CG Carlyle GroupPairCorr
The ability to find closely correlated positions to Ellington Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellington Residential 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 Ellington Residential - 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 Ellington Residential Mortgage to buy it.
The correlation of Ellington Residential 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 Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential 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 Ellington Residential 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 CorrelationCorrelation Matching

Additional Information and Resources on Investing in Ellington Stock

When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Is Mortgage Real Estate Investment Trusts (REITs) space 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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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
0.185
Dividend Share
0.96
Earnings Share
0.34
Revenue Per Share
1.532
Quarterly Revenue Growth
(0.83)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.