Ellington Free Cash Flow vs Change In Cash Analysis

EARN Stock

USD 6.65 0.00 0.00%

Ellington Residential financial indicator trend analysis is much more than just examining Ellington Residential latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Residential is a good investment. Please check the relationship between Ellington Residential Free Cash Flow and its Change In Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Free Cash Flow vs Change In Cash

Free Cash Flow vs Change In Cash Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Residential Free Cash Flow account and Change In Cash. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ellington Residential's Free Cash Flow and Change In Cash is -0.34. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Change In Cash in the same time period over historical financial statements of Ellington Residential Mortgage, assuming nothing else is changed. The correlation between historical values of Ellington Residential's Free Cash Flow and Change In Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Ellington Residential Mortgage are associated (or correlated) with its Change In Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change In Cash has no effect on the direction of Free Cash Flow i.e., Ellington Residential's Free Cash Flow and Change In Cash go up and down completely randomly.

Correlation Coefficient

-0.34

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Change In Cash

Most indicators from Ellington Residential's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Residential 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 Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

At this time, Ellington Residential's Selling General Administrative is very stable compared to the past year. As of the 27th of December 2024, Issuance Of Capital Stock is likely to grow to about 19 M, though Sales General And Administrative To Revenue is likely to grow to (1.16).

Ellington Residential fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Stockholder Equity	Other Liab	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Common Stock	Short Long Term Debt Total	Total Current Liabilities	Net Tangible Assets	Accounts Payable	Long Term Debt	Retained Earnings Total Equity	Short Term Investments
Total Assets		0.36	0.96	0.74	0.17	-0.38	0.66	0.96	-0.04	-0.12	0.66	0.71	0.8	0.75	0.65	0.74	0.64	0.73	0.73	0.1	-0.54	-0.03	-0.54	0.3	-0.31	0.45
Other Current Liab	0.36		0.28	0.11	-0.4	0.39	0.14	0.37	0.46	0.03	0.14	0.46	-0.03	-0.08	0.7	-0.04	0.51	0.19	-0.07	0.52	-0.57	0.39	-0.57	-0.04	0.41	0.52
Total Stockholder Equity	0.96	0.28		0.75	0.22	-0.43	0.74	0.95	-0.1	-0.21	0.74	0.61	0.85	0.79	0.54	0.79	0.56	0.68	0.79	-0.01	-0.56	-0.04	-0.56	0.25	-0.33	0.4
Other Liab	0.74	0.11	0.75		0.42	-0.7	0.51	0.76	-0.52	-0.2	0.51	0.52	0.91	0.95	0.23	0.83	0.35	0.69	0.89	-0.31	-0.43	-0.38	-0.43	0.39	-0.66	0.48
Net Debt	0.17	-0.4	0.22	0.42		-0.34	0.38	0.03	-0.79	0.43	0.38	-0.06	0.39	0.44	-0.45	0.37	-0.51	0.29	0.33	-0.3	-0.01	-0.04	-0.01	-0.03	-0.42	-0.04
Retained Earnings	-0.38	0.39	-0.43	-0.7	-0.34		-0.31	-0.45	0.62	0.53	-0.31	-0.18	-0.8	-0.83	0.26	-0.73	-0.08	-0.48	-0.83	0.71	-0.08	0.77	-0.07	-0.33	0.98	-0.31
Cash	0.66	0.14	0.74	0.51	0.38	-0.31		0.59	-0.28	-0.02	1.0	0.38	0.63	0.55	0.2	0.76	0.13	0.61	0.58	-0.23	-0.41	0.06	-0.41	-0.2	-0.25	0.56
Non Current Assets Total	0.96	0.37	0.95	0.76	0.03	-0.45	0.59		0.02	-0.34	0.59	0.7	0.83	0.78	0.65	0.73	0.71	0.69	0.8	0.02	-0.55	-0.15	-0.56	0.31	-0.34	0.49
Non Currrent Assets Other	-0.04	0.46	-0.1	-0.52	-0.79	0.62	-0.28	0.02		-0.02	-0.28	0.19	-0.43	-0.53	0.64	-0.42	0.57	-0.22	-0.43	0.55	0.08	0.35	0.08	-0.03	0.67	-0.18
Other Assets	-0.12	0.03	-0.21	-0.2	0.43	0.53	-0.02	-0.34	-0.02		-0.02	-0.16	-0.3	-0.31	0.06	-0.23	-0.24	-0.2	-0.42	0.46	0.13	0.61	0.15	-0.16	0.41	-0.26
Cash And Short Term Investments	0.66	0.14	0.74	0.51	0.38	-0.31	1.0	0.59	-0.28	-0.02		0.38	0.63	0.55	0.2	0.76	0.13	0.61	0.58	-0.23	-0.41	0.06	-0.41	-0.2	-0.25	0.56
Net Receivables	0.71	0.46	0.61	0.52	-0.06	-0.18	0.38	0.7	0.19	-0.16	0.38		0.47	0.44	0.64	0.5	0.61	0.89	0.43	-0.02	-0.4	-0.21	-0.4	0.34	-0.14	0.48
Common Stock Total Equity	0.8	-0.03	0.85	0.91	0.39	-0.8	0.63	0.83	-0.43	-0.3	0.63	0.47		0.98	0.21	0.92	0.39	0.68	0.99	-0.37	-0.28	-0.41	-0.29	0.34	-0.74	0.43
Common Stock Shares Outstanding	0.75	-0.08	0.79	0.95	0.44	-0.83	0.55	0.78	-0.53	-0.31	0.55	0.44	0.98		0.14	0.9	0.32	0.67	0.97	-0.42	-0.3	-0.47	-0.31	0.41	-0.79	0.41
Non Current Liabilities Total	0.65	0.7	0.54	0.23	-0.45	0.26	0.2	0.65	0.64	0.06	0.2	0.64	0.21	0.14		0.2	0.88	0.32	0.16	0.58	-0.42	0.31	-0.42	0.23	0.32	0.29
Other Stockholder Equity	0.74	-0.04	0.79	0.83	0.37	-0.73	0.76	0.73	-0.42	-0.23	0.76	0.5	0.92	0.9	0.2		0.33	0.74	0.9	-0.44	-0.28	-0.38	-0.29	0.33	-0.69	0.51
Total Liab	0.64	0.51	0.56	0.35	-0.51	-0.08	0.13	0.71	0.57	-0.24	0.13	0.61	0.39	0.32	0.88	0.33		0.33	0.37	0.27	-0.16	-0.07	-0.16	0.28	0.0	0.24
Total Current Assets	0.73	0.19	0.68	0.69	0.29	-0.48	0.61	0.69	-0.22	-0.2	0.61	0.89	0.68	0.67	0.32	0.74	0.33		0.64	-0.33	-0.4	-0.37	-0.4	0.32	-0.44	0.56
Common Stock	0.73	-0.07	0.79	0.89	0.33	-0.83	0.58	0.8	-0.43	-0.42	0.58	0.43	0.99	0.97	0.16	0.9	0.37	0.64		-0.45	-0.26	-0.49	-0.27	0.32	-0.77	0.45
Short Long Term Debt Total	0.1	0.52	-0.01	-0.31	-0.3	0.71	-0.23	0.02	0.55	0.46	-0.23	-0.02	-0.37	-0.42	0.58	-0.44	0.27	-0.33	-0.45		-0.29	0.85	-0.28	0.1	0.68	-0.19
Total Current Liabilities	-0.54	-0.57	-0.56	-0.43	-0.01	-0.08	-0.41	-0.55	0.08	0.13	-0.41	-0.4	-0.28	-0.3	-0.42	-0.28	-0.16	-0.4	-0.26	-0.29		-0.3	1.0	-0.19	-0.17	-0.47
Net Tangible Assets	-0.03	0.39	-0.04	-0.38	-0.04	0.77	0.06	-0.15	0.35	0.61	0.06	-0.21	-0.41	-0.47	0.31	-0.38	-0.07	-0.37	-0.49	0.85	-0.3		-0.29	-0.15	0.74	-0.2
Accounts Payable	-0.54	-0.57	-0.56	-0.43	-0.01	-0.07	-0.41	-0.56	0.08	0.15	-0.41	-0.4	-0.29	-0.31	-0.42	-0.29	-0.16	-0.4	-0.27	-0.28	1.0	-0.29		-0.19	-0.16	-0.48
Long Term Debt	0.3	-0.04	0.25	0.39	-0.03	-0.33	-0.2	0.31	-0.03	-0.16	-0.2	0.34	0.34	0.41	0.23	0.33	0.28	0.32	0.32	0.1	-0.19	-0.15	-0.19		-0.36	-0.15
Retained Earnings Total Equity	-0.31	0.41	-0.33	-0.66	-0.42	0.98	-0.25	-0.34	0.67	0.41	-0.25	-0.14	-0.74	-0.79	0.32	-0.69	0.0	-0.44	-0.77	0.68	-0.17	0.74	-0.16	-0.36		-0.27
Short Term Investments	0.45	0.52	0.4	0.48	-0.04	-0.31	0.56	0.49	-0.18	-0.26	0.56	0.48	0.43	0.41	0.29	0.51	0.24	0.56	0.45	-0.19	-0.47	-0.2	-0.48	-0.15	-0.27

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Ellington Residential Account Relationship Matchups

Ellington Residential fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.5B	1.2B	1.6B	1.1B	945.7M	1.5B
Other Current Liab	(3.8M)	(1.5M)	(2.8M)	(50.4M)	(12.1M)	(11.5M)
Total Stockholder Equity	160.8M	166.4M	154.2M	112.4M	136.2M	158.1M
Net Debt	1.3B	957.1M	995.8M	807.6M	(38.5M)	(36.6M)
Retained Earnings	(69.6M)	(63.3M)	(84.8M)	(128.7M)	(138.6M)	(131.7M)
Cash	35.4M	58.2M	69.0M	34.8M	38.5M	45.6M
Non Current Assets Total	1.4B	1.1B	1.3B	893.5M	1.5B	1.4B
Non Currrent Assets Other	(1.5B)	(1.2B)	(1.6B)	(1.1B)	(773.5M)	(734.9M)
Other Assets	6.9M	3.1M	124.6M	69.7M	(666.5M)	(633.1M)
Cash And Short Term Investments	35.4M	58.2M	69.0M	34.8M	38.5M	45.6M
Net Receivables	45.1M	51.9M	93.2M	55.6M	58.9M	60.5M
Common Stock Total Equity	125K	124K	123K	131K	154.1K	115.3K
Common Stock Shares Outstanding	12.5M	12.4M	12.7M	13.2M	14.9M	11.5M
Liabilities And Stockholders Equity	1.5B	1.2B	1.6B	1.1B	945.7M	1.5B
Non Current Liabilities Total	32.0M	13.2M	379.4M	50.4M	79.9M	75.9M
Other Stockholder Equity	139.2M	292.9M	323.6M	257.2M	274.7M	230.6M
Total Liab	3.8M	1.5M	2.8M	941.2M	809.5M	691.8M
Total Current Assets	80.5M	110.1M	162.2M	90.4M	97.4M	104.9M
Common Stock	125K	124K	123K	131K	186K	122.8K
Short Long Term Debt Total	1.3B	1.0B	1.1B	845.6M	729.5M	954.1M
Total Current Liabilities	3.8M	1.5M	2.8M	50.4M	13.3M	11.1M
Net Tangible Assets	160.8M	166.4M	154.2M	112.4M	101.2M	124.6M
Accounts Payable	3.8M	1.5M	2.8M	50.4M	12.1M	11.0M
Long Term Debt	2.0M	6.6M	1.1M	3.1M	3.6M	4.3M
Retained Earnings Total Equity	(69.6M)	(63.3M)	(84.8M)	(128.7M)	(115.8M)	(110.0M)
Short Term Investments	2.1M	2.8M	117.5M	499K	74.3M	44.7M
Long Term Debt Total	2.0M	6.6M	1.1M	3.1M	3.6M	4.8M
Capital Surpluse	230.4M	229.6M	238.9M	240.9M	277.1M	238.8M
Long Term Investments	4.2M	292K	6.6M	68.8M	773.5M	812.2M
Non Current Liabilities Other	1.3B	1.0B	1.2B	843.0M	758.7M	1.0B
Other Current Assets	(80.5M)	(110.1M)	(162.2M)	(90.4M)	(97.4M)	(102.3M)
Short Term Debt	1.3B	1.0B	1.1B	842.5M	729.5M	942.4M
Capital Stock	124K	123K	131K	134K	186K	150.9K

Pair Trading with Ellington Residential

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 Ellington Residential 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 Ellington Residential will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Ellington Residential could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ellington Residential 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 Ellington Residential - 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 Ellington Residential Mortgage to buy it.

The correlation of Ellington Residential 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 Ellington Residential moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ellington Residential 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 Ellington Residential 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 Correlation Correlation Matching

When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential'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 Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:

How To Invest In Ellington

Details

Is Ellington Stock a good investment?

Details

What is Ellington Residential's Net Worth?

Details

Largest Mortgage Real Estate Investment Trusts (REITs) Companies

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Largest Financial Services Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Is Mortgage Real Estate Investment Trusts (REITs) 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 Ellington Residential. If investors know Ellington 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 Ellington Residential 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

0.185

Dividend Share

0.96

Earnings Share

1.25

Revenue Per Share

(0.92)

Quarterly Revenue Growth

(0.78)

The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential'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 Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential'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 Ellington Residential's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential'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.

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Ellington Free Cash Flow vs Change In Cash Analysis

Free Cash Flow vs Change In Cash

Free Cash Flow vs Change In Cash Correlation Analysis

Correlation Coefficient

Free Cash Flow

Change In Cash

Ellington Residential fundamental ratios Correlations

Ellington Residential Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ellington Residential fundamental ratios Accounts

Pair Trading with Ellington Residential

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Accounts Payable	+ 1.0	Total Current Liabilities
Common Stock	+ 0.99	Common Stock Total Equity
Retained Earnings Total Equity	+ 0.98	Retained Earnings
Common Stock Shares Outstanding	+ 0.98	Common Stock Total Equity
Common Stock	+ 0.97	Common Stock Shares Outstanding

Common Stock	- 0.83	Retained Earnings
Common Stock Shares Outstanding	- 0.83	Retained Earnings
Common Stock Total Equity	- 0.8	Retained Earnings
Retained Earnings Total Equity	- 0.79	Common Stock Shares Outstanding
Non Currrent Assets Other	- 0.79	Net Debt
Retained Earnings Total Equity	- 0.77	Common Stock