ENSV Stock | | | USD 0.15 0.01 7.14% |
Enservco financial indicator trend analysis is much more than just examining Enservco latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enservco is a good investment. Please check the relationship between Enservco Cash and its Retained Earnings accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enservco Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Cash vs Retained Earnings
Cash vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Enservco Cash account and
Retained Earnings. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Enservco's Cash and Retained Earnings is 0.45. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Enservco Co, assuming nothing else is changed. The correlation between historical values of Enservco's Cash and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Enservco Co are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash i.e., Enservco's Cash and Retained Earnings go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Cash
Cash refers to the most liquid asset of Enservco, which is listed under current asset account on Enservco Co balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Enservco customers. The amounts must be unrestricted with restricted cash listed in a different Enservco account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.
Most indicators from Enservco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enservco 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 Enservco Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Enservco's
Issuance Of Capital Stock is fairly stable compared to the past year.
Enterprise Value is likely to climb to about 47.8
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 2.7
M in 2024.
Enservco fundamental ratios Correlations
Click cells to compare fundamentals
Enservco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enservco fundamental ratios Accounts
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Additional Tools for Enservco Stock Analysis
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measure Enservco'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 Enservco is operating at the current time. Most of Enservco's value examination focuses on studying past and present price action to
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