EZGO Change To Netincome from 2010 to 2024

EZGO Stock  USD 0.98  0.04  4.26%   
EZGO Technologies Change To Netincome yearly trend continues to be very stable with very little volatility. Change To Netincome is likely to grow to about -112.8 K this year. During the period from 2010 to 2024, EZGO Technologies Change To Netincome quarterly data regression pattern had sample variance of 779.1 B and median of  948,038. View All Fundamentals
 
Change To Netincome  
First Reported
2010-12-31
Previous Quarter
-118.8 K
Current Value
-112.8 K
Quarterly Volatility
882.7 K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check EZGO Technologies financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among EZGO Technologies' main balance sheet or income statement drivers, such as Net Interest Income of 132.3 K, Depreciation And Amortization of 747.2 K or Interest Expense of 31.7 K, as well as many indicators such as Price To Sales Ratio of 0.45, Dividend Yield of 0.0 or PTB Ratio of 0.11. EZGO financial statements analysis is a perfect complement when working with EZGO Technologies Valuation or Volatility modules.
  
Check out the analysis of EZGO Technologies Correlation against competitors.
To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.

Latest EZGO Technologies' Change To Netincome Growth Pattern

Below is the plot of the Change To Netincome of EZGO Technologies over the last few years. It is EZGO Technologies' Change To Netincome historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in EZGO Technologies' overall financial position and show how it may be relating to other accounts over time.
Change To Netincome10 Years Trend
Slightly volatile
   Change To Netincome   
       Timeline  

EZGO Change To Netincome Regression Statistics

Arithmetic Mean641,830
Geometric Mean495,908
Coefficient Of Variation137.52
Mean Deviation654,805
Median948,038
Standard Deviation882,653
Sample Variance779.1B
Range3.5M
R-Value(0.50)
Mean Square Error632.9B
R-Squared0.25
Significance0.06
Slope(97,832)
Total Sum of Squares10.9T

EZGO Change To Netincome History

2024-112.8 K
2023-118.8 K
2020-132 K
2019-432.5 K
20183.1 M

About EZGO Technologies Financial Statements

EZGO Technologies investors utilize fundamental indicators, such as Change To Netincome, to predict how EZGO Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Change To Netincome-118.8 K-112.8 K

Pair Trading with EZGO Technologies

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 EZGO Technologies 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 EZGO Technologies will appreciate offsetting losses from the drop in the long position's value.

Moving together with EZGO Stock

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Moving against EZGO Stock

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The ability to find closely correlated positions to EZGO Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EZGO Technologies 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 EZGO Technologies - 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 EZGO Technologies to buy it.
The correlation of EZGO Technologies 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 EZGO Technologies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EZGO Technologies 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 EZGO Technologies 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 EZGO Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of EZGO Technologies' 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 Ezgo Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ezgo Technologies Stock:
Check out the analysis of EZGO Technologies Correlation against competitors.
To learn how to invest in EZGO Stock, please use our How to Invest in EZGO Technologies guide.
You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Is Apparel, Accessories & Luxury Goods 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 EZGO Technologies. If investors know EZGO 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 EZGO Technologies 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
0.771
Earnings Share
(63.06)
Revenue Per Share
9.401
Quarterly Revenue Growth
0.661
Return On Assets
(0.05)
The market value of EZGO Technologies is measured differently than its book value, which is the value of EZGO that is recorded on the company's balance sheet. Investors also form their own opinion of EZGO Technologies' value that differs from its market value or its book value, called intrinsic value, which is EZGO Technologies' 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 EZGO Technologies' market value can be influenced by many factors that don't directly affect EZGO Technologies' 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 EZGO Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if EZGO Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EZGO Technologies' 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.