Tsakos Inventory vs Retained Earnings Analysis

TEN Stock  USD 16.83  0.29  1.69%   
Tsakos Energy financial indicator trend analysis is much more than just breaking down Tsakos Energy Navigation prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tsakos Energy Navigation is a good investment. Please check the relationship between Tsakos Energy Inventory and its Retained Earnings accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tsakos Energy Navigation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Inventory vs Retained Earnings

Inventory vs Retained Earnings Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tsakos Energy Navigation Inventory account and Retained Earnings. At this time, the significance of the direction appears to have weak relationship.
The correlation between Tsakos Energy's Inventory and Retained Earnings is 0.31. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of Tsakos Energy Navigation, assuming nothing else is changed. The correlation between historical values of Tsakos Energy's Inventory 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 Inventory of Tsakos Energy Navigation 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 Inventory i.e., Tsakos Energy's Inventory and Retained Earnings go up and down completely randomly.

Correlation Coefficient

0.31
Relationship DirectionPositive 
Relationship StrengthVery Weak

Inventory

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 Tsakos Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tsakos Energy Navigation 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tsakos Energy Navigation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
As of the 30th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.05, while Selling General Administrative is likely to drop about 22.5 M.
 2021 2022 2023 2024 (projected)
Total Revenue546.1M860.4M889.6M487.0M
Depreciation And Amortization143.3M140.8M144.2M96.6M

Tsakos Energy fundamental ratios Correlations

0.970.930.680.680.60.810.050.880.170.590.580.360.930.790.180.970.570.990.960.990.340.99-0.130.60.89
0.970.820.740.740.650.850.060.860.20.530.530.340.840.710.190.890.620.960.880.950.390.96-0.10.670.94
0.930.820.440.440.390.590.030.810.020.620.610.380.960.770.080.980.380.930.960.950.150.94-0.170.380.7
0.680.740.441.00.70.930.330.60.410.590.09-0.110.550.560.180.570.660.660.620.60.670.60.280.550.67
0.680.740.441.00.70.930.340.60.410.590.09-0.120.550.570.180.570.660.660.620.60.670.60.290.550.67
0.60.650.390.70.70.72-0.070.510.790.210.420.20.520.560.60.520.990.570.580.590.880.61-0.070.690.67
0.810.850.590.930.930.720.220.790.350.540.250.130.680.630.20.710.670.750.750.730.60.740.130.710.79
0.050.060.030.330.34-0.070.22-0.09-0.20.49-0.56-0.370.03-0.21-0.710.05-0.120.050.110.020.070.010.97-0.05-0.14
0.880.860.810.60.60.510.79-0.090.090.540.540.430.770.640.190.850.480.830.830.850.250.85-0.250.580.84
0.170.20.020.410.410.790.35-0.20.09-0.160.340.090.130.410.590.120.850.150.190.160.790.17-0.140.460.28
0.590.530.620.590.590.210.540.490.54-0.16-0.03-0.050.590.31-0.130.650.170.620.630.590.220.570.41-0.10.3
0.580.530.610.090.090.420.25-0.560.540.34-0.030.620.560.690.40.590.460.560.560.620.190.63-0.640.40.61
0.360.340.38-0.11-0.120.20.13-0.370.430.09-0.050.620.290.280.20.350.210.290.330.4-0.090.4-0.450.290.42
0.930.840.960.550.550.520.680.030.770.130.590.560.290.840.210.980.480.930.980.940.320.94-0.130.470.72
0.790.710.770.560.570.560.63-0.210.640.410.310.690.280.840.360.810.560.770.810.760.380.77-0.330.530.68
0.180.190.080.180.180.60.2-0.710.190.59-0.130.40.20.210.360.150.620.190.140.190.580.21-0.630.180.32
0.970.890.980.570.570.520.710.050.850.120.650.590.350.980.810.150.50.960.990.980.290.97-0.130.470.77
0.570.620.380.660.660.990.67-0.120.480.850.170.460.210.480.560.620.50.550.550.570.880.58-0.120.640.65
0.990.960.930.660.660.570.750.050.830.150.620.560.290.930.770.190.960.550.940.990.330.98-0.130.510.87
0.960.880.960.620.620.580.750.110.830.190.630.560.330.980.810.140.990.550.940.960.360.96-0.060.530.75
0.990.950.950.60.60.590.730.020.850.160.590.620.40.940.760.190.980.570.990.960.321.0-0.150.540.86
0.340.390.150.670.670.880.60.070.250.790.220.19-0.090.320.380.580.290.880.330.360.320.340.130.40.37
0.990.960.940.60.60.610.740.010.850.170.570.630.40.940.770.210.970.580.980.961.00.34-0.170.560.87
-0.13-0.1-0.170.280.29-0.070.130.97-0.25-0.140.41-0.64-0.45-0.13-0.33-0.63-0.13-0.12-0.13-0.06-0.150.13-0.17-0.14-0.3
0.60.670.380.550.550.690.71-0.050.580.46-0.10.40.290.470.530.180.470.640.510.530.540.40.56-0.140.74
0.890.940.70.670.670.670.79-0.140.840.280.30.610.420.720.680.320.770.650.870.750.860.370.87-0.30.74
Click cells to compare fundamentals

Tsakos Energy Account Relationship Matchups

Tsakos Energy fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.2B3.1B2.9B3.3B3.4B2.5B
Total Stockholder Equity1.5B1.4B1.2B1.5B1.6B1.0B
Net Debt1.4B1.4B1.3B1.4B1.2B1.1B
Cash184.8M160.5M117.2M304.4M372.0M193.6M
Cash And Short Term Investments184.8M160.5M117.2M304.4M372.0M194.5M
Common Stock Shares Outstanding17.8M18.8M19.7M28.2M29.5M31.0M
Liabilities And Stockholders Equity3.2B3.1B2.9B3.3B3.4B2.5B
Total Current Assets397.0M321.5M239.7M513.1M509.3M297.8M
Other Current Liab62.5M(122.2M)(95.5M)43.6M37.0M18.9M
Total Current Liabilities354.2M382.0M332.1M369.7M323.2M256.0M
Other Liab4.0M2.6M5.0M207.8M238.9M250.9M
Retained Earnings364M338.8M149.5M311.7M548.2M437.4M
Accounts Payable36.6M55.3M74.9M48.2M40.2M39.5M
Other Assets102.2M108.6M162.2M44.4M51.0M49.0M
Long Term Debt1.3B1.5B1.2B1.6B1.4B1.2B
Inventory13.0M21.8M22.9M26.2M22.5M14.8M
Other Current Assets895K93.1M41.6M22.4M62.8M65.9M
Total Liab1.7B1.7B1.6B1.8B1.7B1.5B
Common Stock95.1M96.0M126.2M150.9M173.6M182.2M
Property Plant Equipment2.7B2.7B2.5B2.6B3.0B2.1B
Short Long Term Debt Total1.6B1.6B1.5B1.8B1.6B1.5B
Property Plant And Equipment Net2.7B2.7B2.6B2.7B2.8B2.4B
Current Deferred Revenue12.1M12.6M9.0M26.0M31.9M33.5M
Non Current Assets Total2.8B2.8B2.7B2.8B2.9B2.4B
Non Currrent Assets Other27.6M(2.5B)(2.3B)67.7M62.1M65.2M
Net Receivables60.5M46.1M58.0M87.1M52.0M41.8M
Short Term Investments798K642K7K193K646K613.7K
Non Current Liabilities Total1.3B1.3B1.3B1.4B1.4B1.3B
Other Stockholder Equity992.0M939.3M966.8M986.6M905.4M616.1M
Property Plant And Equipment Gross2.7B2.7B3.5B3.7B3.8B2.5B
Accumulated Other Comprehensive Income(18.4M)(37.0M)(17.2M)7.7M2.5M2.6M
Short Term Debt243.0M254.3M203.7M251.8M214.1M176.4M
Net Tangible Assets1.4B1.3B1.2B1.5B1.8B1.5B
Deferred Long Term Liab27.8M27.6M32.3M34.3M39.4M26.7M
Long Term Investments2.4M1.1M287K0.05.1M5.3M
Short Long Term Debt235.5M232.4M172.9M201.0M180.9M277.2M
Long Term Debt Total1.3B1.3B1.2B1.6B1.8B1.5B

Pair Trading with Tsakos Energy

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 Tsakos Energy 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 Tsakos Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Tsakos Stock

  0.92TK TeekayPairCorr

Moving against Tsakos Stock

  0.92EE Excelerate EnergyPairCorr
  0.9ET Energy Transfer LP Aggressive PushPairCorr
  0.89DTM DT MidstreamPairCorr
  0.81CQP Cheniere Energy PartnersPairCorr
  0.81EPD Enterprise ProductsPairCorr
The ability to find closely correlated positions to Tsakos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tsakos Energy 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 Tsakos Energy - 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 Tsakos Energy Navigation to buy it.
The correlation of Tsakos Energy 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 Tsakos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tsakos Energy Navigation 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 Tsakos Energy 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
When determining whether Tsakos Energy Navigation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tsakos Energy'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 Tsakos Energy Navigation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tsakos Energy Navigation Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tsakos Energy Navigation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Is Oil & Gas Storage & Transportation 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 Tsakos Energy. If investors know Tsakos 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 Tsakos Energy 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
0.43
Earnings Share
5.47
Revenue Per Share
27.878
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0456
The market value of Tsakos Energy Navigation is measured differently than its book value, which is the value of Tsakos that is recorded on the company's balance sheet. Investors also form their own opinion of Tsakos Energy's value that differs from its market value or its book value, called intrinsic value, which is Tsakos Energy'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 Tsakos Energy's market value can be influenced by many factors that don't directly affect Tsakos Energy'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 Tsakos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tsakos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tsakos Energy'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.