Elite Change To Netincome vs Begin Period Cash Flow Analysis

EEIQ Stock  USD 1.04  0.01  0.95%   
Elite Education financial indicator trend analysis is much more than just examining Elite Education Group latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Elite Education Group is a good investment. Please check the relationship between Elite Education Change To Netincome and its Begin Period Cash Flow accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elite Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Change To Netincome vs Begin Period Cash Flow

Change To Netincome vs Begin Period Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Elite Education Group Change To Netincome account and Begin Period Cash Flow. At this time, the significance of the direction appears to have strong relationship.
The correlation between Elite Education's Change To Netincome and Begin Period Cash Flow is 0.77. Overlapping area represents the amount of variation of Change To Netincome that can explain the historical movement of Begin Period Cash Flow in the same time period over historical financial statements of Elite Education Group, assuming nothing else is changed. The correlation between historical values of Elite Education's Change To Netincome and Begin Period Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Netincome of Elite Education Group are associated (or correlated) with its Begin Period Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Begin Period Cash Flow has no effect on the direction of Change To Netincome i.e., Elite Education's Change To Netincome and Begin Period Cash Flow go up and down completely randomly.

Correlation Coefficient

0.77
Relationship DirectionPositive 
Relationship StrengthSignificant

Change To Netincome

Begin Period Cash Flow

The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.
Most indicators from Elite Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Elite Education Group 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 Elite Education Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.
At this time, Elite Education's Selling General Administrative is relatively stable compared to the past year. As of 12/13/2024, Sales General And Administrative To Revenue is likely to grow to 1.62, though Enterprise Value Over EBITDA is likely to grow to (0.98).
 2021 2022 2023 2024 (projected)
Interest Income26.5K53.1K47.8K34.2K
Net Interest Income17.5K43.9K39.5K28.5K

Elite Education fundamental ratios Correlations

-0.75-0.540.390.32-0.34-0.49-0.47-0.4-0.49-0.41-0.30.340.1-0.27-0.450.49-0.270.35-0.49-0.41-0.5-0.52-0.41-0.44-0.48
-0.750.77-0.25-0.690.560.860.580.830.760.70.77-0.31-0.540.710.33-0.720.71-0.390.60.490.570.880.70.620.59
-0.540.77-0.56-0.890.910.830.920.890.960.910.84-0.74-0.510.680.75-0.960.68-0.330.90.460.850.810.910.880.92
0.39-0.25-0.560.42-0.44-0.13-0.8-0.35-0.5-0.37-0.340.74-0.360.03-0.870.650.030.65-0.82-0.64-0.87-0.49-0.37-0.78-0.81
0.32-0.69-0.890.42-0.84-0.81-0.77-0.82-0.89-0.86-0.790.710.53-0.69-0.580.89-0.690.3-0.76-0.38-0.73-0.72-0.86-0.75-0.77
-0.340.560.91-0.44-0.840.810.810.820.940.960.8-0.82-0.60.750.65-0.920.75-0.270.770.10.790.550.960.690.81
-0.490.860.83-0.13-0.810.810.570.90.890.920.87-0.45-0.830.950.28-0.820.95-0.250.550.10.580.720.920.520.57
-0.470.580.92-0.8-0.770.810.570.740.860.760.71-0.81-0.180.40.92-0.90.4-0.460.990.610.920.760.760.961.0
-0.40.830.89-0.35-0.820.820.90.740.90.880.99-0.55-0.630.820.44-0.870.82-0.440.740.370.710.860.880.750.75
-0.490.760.96-0.5-0.890.940.890.860.90.980.87-0.72-0.60.80.67-0.970.8-0.40.840.30.850.780.980.770.86
-0.410.70.91-0.37-0.860.960.920.760.880.980.86-0.7-0.710.880.55-0.930.88-0.320.730.10.770.661.00.640.76
-0.30.770.84-0.34-0.790.80.870.710.990.870.86-0.53-0.620.820.4-0.840.82-0.480.720.340.70.830.860.720.72
0.34-0.31-0.740.740.71-0.82-0.45-0.81-0.55-0.72-0.7-0.530.06-0.32-0.810.8-0.320.5-0.81-0.27-0.86-0.37-0.7-0.71-0.82
0.1-0.54-0.51-0.360.53-0.6-0.83-0.18-0.63-0.6-0.71-0.620.06-0.90.10.46-0.9-0.23-0.120.3-0.12-0.36-0.71-0.11-0.17
-0.270.710.680.03-0.690.750.950.40.820.80.880.82-0.32-0.90.1-0.71.0-0.20.38-0.130.450.580.880.320.41
-0.450.330.75-0.87-0.580.650.280.920.440.670.550.4-0.810.10.1-0.740.1-0.380.910.570.850.510.550.850.92
0.49-0.72-0.960.650.89-0.92-0.82-0.9-0.87-0.97-0.93-0.840.80.46-0.7-0.74-0.70.47-0.89-0.39-0.92-0.78-0.93-0.84-0.91
-0.270.710.680.03-0.690.750.950.40.820.80.880.82-0.32-0.91.00.1-0.7-0.20.38-0.130.450.580.880.320.41
0.35-0.39-0.330.650.3-0.27-0.25-0.46-0.44-0.4-0.32-0.480.5-0.23-0.2-0.380.47-0.2-0.54-0.4-0.68-0.51-0.32-0.45-0.49
-0.490.60.9-0.82-0.760.770.550.990.740.840.730.72-0.81-0.120.380.91-0.890.38-0.540.660.930.780.730.961.0
-0.410.490.46-0.64-0.380.10.10.610.370.30.10.34-0.270.3-0.130.57-0.39-0.13-0.40.660.490.720.10.780.61
-0.50.570.85-0.87-0.730.790.580.920.710.850.770.7-0.86-0.120.450.85-0.920.45-0.680.930.490.70.770.850.94
-0.520.880.81-0.49-0.720.550.720.760.860.780.660.83-0.37-0.360.580.51-0.780.58-0.510.780.720.70.660.830.76
-0.410.70.91-0.37-0.860.960.920.760.880.981.00.86-0.7-0.710.880.55-0.930.88-0.320.730.10.770.660.640.76
-0.440.620.88-0.78-0.750.690.520.960.750.770.640.72-0.71-0.110.320.85-0.840.32-0.450.960.780.850.830.640.96
-0.480.590.92-0.81-0.770.810.571.00.750.860.760.72-0.82-0.170.410.92-0.910.41-0.491.00.610.940.760.760.96
Click cells to compare fundamentals

Elite Education Account Relationship Matchups

Elite Education fundamental ratios Accounts

201920202021202220232024 (projected)
Other Current Liab3.1M3.6M2.2M2.1M1.8M2.0M
Total Current Liabilities6.7M8.6M6.1M6.9M7.9M7.4M
Net Tangible Assets6.5M7.5M14.9M13.8M15.9M9.4M
Retained Earnings4.7M3.7M(2.4M)(9.1M)(8.2M)(7.8M)
Other Assets1.0M439.4K321.1K411.9K370.7K732.2K
Net Receivables818K1.5M1.7M1.0M1.2M968.7K
Total Current Assets10.6M19.6M14.1M8.7M10.0M11.6M
Property Plant Equipment2.9M3.1M4.1M3.2M3.7M3.4M
Total Assets14.2M24.0M24.0M19.2M22.1M19.6M
Total Stockholder Equity7.5M14.9M15.1M9.1M10.5M10.6M
Property Plant And Equipment Net3.1M4.1M3.2M3.2M3.6M3.5M
Current Deferred Revenue4.6M5.3M3.3M4.1M3.7M4.0M
Net Debt(7.3M)(15.8M)(10.4M)(3.8M)(3.5M)(3.6M)
Accounts Payable51.8K148.8K91.1K210.1K241.6K253.7K
Cash7.4M16.5M11.4M5.0M5.7M9.7M
Non Current Assets Total3.6M4.4M9.9M10.5M12.1M6.8M
Cash And Short Term Investments7.4M16.5M11.4M5.0M5.7M9.7M
Liabilities And Stockholders Equity14.2M24.0M24.0M19.2M22.1M19.6M
Non Current Liabilities Total4.7M462.0K669.6K1.4M1.3M1.9M
Other Current Assets1.6M1.6M946.3K2.7M3.1M1.9M
Total Liab6.7M9.1M6.7M8.3M9.5M8.4M
Net Invested Capital7.5M14.9M15.1M9.1M10.5M10.6M
Property Plant And Equipment Gross3.1M4.7M3.9M6.1M7.1M4.3M
Accumulated Other Comprehensive Income(543.1K)(200.0K)(28.9K)(36.3K)(41.7K)(43.8K)
Net Working Capital3.9M11.0M8.0M1.8M2.1M2.0M

Pair Trading with Elite Education

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 Elite Education 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 Elite Education will appreciate offsetting losses from the drop in the long position's value.

Moving against Elite Stock

  0.73VSTA Vasta PlatformPairCorr
  0.63WAFU Wah Fu EducationPairCorr
  0.61YQ 17 Education TechnologyPairCorr
  0.59GSUN Golden Sun EducationPairCorr
  0.55GOTU Gaotu Techedu DRCPairCorr
The ability to find closely correlated positions to Elite Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elite Education 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 Elite Education - 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 Elite Education Group to buy it.
The correlation of Elite Education 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 Elite Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elite Education Group 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 Elite Education 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

Additional Tools for Elite Stock Analysis

When running Elite Education's price analysis, check to measure Elite Education'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 Elite Education is operating at the current time. Most of Elite Education's value examination focuses on studying past and present price action to predict the probability of Elite Education's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elite Education's price. Additionally, you may evaluate how the addition of Elite Education to your portfolios can decrease your overall portfolio volatility.