Espey Free Cash Flow Yield from 2010 to 2024
| ESP Stock | USD 30.02 0.37 1.22% |
Free Cash Flow Yield | First Reported 2010-12-31 | Previous Quarter 0.10148234 | Current Value 0.11 | Quarterly Volatility 0.0610301 |
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.
Espey | Free Cash Flow Yield |
Latest Espey Mfg's Free Cash Flow Yield Growth Pattern
Below is the plot of the Free Cash Flow Yield of Espey Mfg Electronics over the last few years. It is a financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share. Espey Mfg's Free Cash Flow Yield 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.
| Free Cash Flow Yield | 10 Years Trend |
|
Free Cash Flow Yield |
| Timeline |
Espey Free Cash Flow Yield Regression Statistics
| Arithmetic Mean | 0.06 | |
| Geometric Mean | 0.05 | |
| Coefficient Of Variation | 102.87 | |
| Mean Deviation | 0.05 | |
| Median | 0.08 | |
| Standard Deviation | 0.06 | |
| Sample Variance | 0 | |
| Range | 0.2105 | |
| R-Value | 0.14 | |
| Mean Square Error | 0 | |
| R-Squared | 0.02 | |
| Significance | 0.62 | |
| Slope | 0 | |
| Total Sum of Squares | 0.05 |
Espey Free Cash Flow Yield History
About Espey Mfg Financial Statements
Espey Mfg shareholders use historical fundamental indicators, such as Free Cash Flow Yield, 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 Reported | Projected for Next Year | ||
| Free Cash Flow Yield | 0.10 | 0.11 |
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
| 0.8 | XPON | Expion360 | PairCorr |
| 0.71 | FCEL | FuelCell Energy Trending | PairCorr |
| 0.47 | GAUZ | Gauzy Ordinary | PairCorr |
| 0.44 | FLUX | Flux Power Holdings | PairCorr |
| 0.43 | EPOW | Sunrise New Energy | PairCorr |
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.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.