Espey Inventory from 2010 to 2024

ESP Stock  USD 30.32  0.57  1.92%   
Espey Mfg Inventory yearly trend continues to be relatively stable with very little volatility. Inventory is likely to drop to about 12.5 M. During the period from 2010 to 2024, Espey Mfg Inventory destribution of quarterly values had range of 13.5 M from its regression line and mean deviation of  3,265,327. View All Fundamentals
 
Inventory  
First Reported
1986-06-30
Previous Quarter
19.2 M
Current Value
19.4 M
Quarterly Volatility
3.2 M
 
Black Monday
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Espey Mfg financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Espey Mfg's main balance sheet or income statement drivers, such as Depreciation And Amortization of 502.9 K, Interest Expense of 13.3 K or Total Revenue of 24.8 M, as well as many indicators such as Price To Sales Ratio of 1.2, Dividend Yield of 0.0398 or PTB Ratio of 0.96. Espey financial statements analysis is a perfect complement when working with Espey Mfg Valuation or Volatility modules.
  
Check out the analysis of Espey Mfg Correlation against competitors.

Latest Espey Mfg's Inventory Growth Pattern

Below is the plot of the Inventory of Espey Mfg Electronics over the last few years. It is Espey Mfg's Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Espey Mfg's overall financial position and show how it may be relating to other accounts over time.
Inventory10 Years Trend
Slightly volatile
   Inventory   
       Timeline  

Espey Inventory Regression Statistics

Arithmetic Mean13,356,806
Geometric Mean12,788,212
Coefficient Of Variation30.17
Mean Deviation3,265,327
Median11,645,706
Standard Deviation4,029,090
Sample Variance16.2T
Range13.5M
R-Value0.78
Mean Square Error6.9T
R-Squared0.60
Significance0.0007
Slope700,228
Total Sum of Squares227.3T

Espey Inventory History

202412.5 M
202319.2 M
202219.9 M
202118.6 M
202018.8 M
201914.8 M
201813.2 M

Other Fundumenentals of Espey Mfg Electronics

Espey Mfg Inventory component correlations

About Espey Mfg Financial Statements

Espey Mfg shareholders use historical fundamental indicators, such as Inventory, to determine how well the company is positioned to perform in the future. Although Espey Mfg investors may analyze each financial statement separately, they are all interrelated. The changes in Espey Mfg's assets and liabilities, for example, are also reflected in the revenues and expenses on on Espey Mfg's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Inventory19.2 M12.5 M
Change To Inventory645.6 K677.9 K
Inventory Turnover 1.46  1.30 
Days Of Inventory On Hand 250.12  277.53 
Average Inventory16.8 M10.2 M
Days Of Inventory Outstanding 250.12  277.53 

Pair Trading with Espey Mfg

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

Moving against Espey Stock

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The ability to find closely correlated positions to Espey Mfg could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Espey Mfg 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 Espey Mfg - 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 Espey Mfg Electronics to buy it.
The correlation of Espey Mfg 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 Espey Mfg moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Espey Mfg Electronics 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 Espey Mfg 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 Tools for Espey Stock Analysis

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