Ellington Book Value Per Share vs Net Income Per Share Analysis

EFC-PE Stock   25.56  0.00  0.00%   
Ellington Financial financial indicator trend analysis is much more than just examining Ellington Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ellington Financial is a good investment. Please check the relationship between Ellington Financial Book Value Per Share and its Net Income Per Share accounts. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Book Value Per Share vs Net Income Per Share

Book Value Per Share vs Net Income Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ellington Financial Book Value Per Share account and Net Income Per Share. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Ellington Financial's Book Value Per Share and Net Income Per Share is 0.8. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Net Income Per Share in the same time period over historical financial statements of Ellington Financial, assuming nothing else is changed. The correlation between historical values of Ellington Financial's Book Value Per Share and Net Income Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Book Value Per Share of Ellington Financial are associated (or correlated) with its Net Income Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income Per Share has no effect on the direction of Book Value Per Share i.e., Ellington Financial's Book Value Per Share and Net Income Per Share go up and down completely randomly.

Correlation Coefficient

0.8
Relationship DirectionPositive 
Relationship StrengthStrong

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Net Income Per Share

Most indicators from Ellington Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ellington Financial 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At present, Ellington Financial's Enterprise Value is projected to increase significantly based on the last few years of reporting.
 2021 2022 2023 2024 (projected)
Interest Income175.5M282.2M370.2M275.4M
Net Interest Income131.5M140.4M107.7M98.3M

Ellington Financial fundamental ratios Correlations

-0.94-0.27-0.290.290.330.920.9-0.55-0.59-0.60.90.66-0.59-0.68-0.72-0.53-0.430.75-0.6-0.72-0.95-0.6-0.6-0.61-0.68
-0.940.40.16-0.16-0.2-0.98-0.910.730.780.8-0.93-0.80.780.880.90.70.58-0.880.810.90.990.80.80.810.87
-0.270.4-0.830.840.8-0.48-0.10.80.80.79-0.04-0.870.80.310.680.860.97-0.770.790.610.260.790.80.780.53
-0.290.16-0.83-1.0-0.99-0.07-0.45-0.46-0.41-0.4-0.50.46-0.410.15-0.22-0.52-0.70.31-0.4-0.150.31-0.4-0.41-0.38-0.1
0.29-0.160.84-1.01.00.070.460.480.40.410.49-0.470.4-0.130.230.550.71-0.320.40.17-0.310.410.420.390.12
0.33-0.20.8-0.991.00.130.510.470.350.370.52-0.430.35-0.150.20.530.68-0.270.370.15-0.350.370.380.350.11
0.92-0.98-0.48-0.070.070.130.92-0.7-0.84-0.820.860.83-0.84-0.82-0.89-0.69-0.630.91-0.82-0.85-0.96-0.82-0.82-0.83-0.8
0.9-0.91-0.1-0.450.460.510.92-0.4-0.61-0.570.940.54-0.61-0.77-0.69-0.37-0.280.68-0.57-0.67-0.96-0.57-0.57-0.58-0.64
-0.550.730.8-0.460.480.47-0.7-0.40.850.94-0.5-0.940.850.740.931.00.92-0.90.940.940.610.940.940.940.92
-0.590.780.8-0.410.40.35-0.84-0.610.850.98-0.54-0.951.00.760.940.870.89-0.970.980.870.70.980.980.970.82
-0.60.80.79-0.40.410.37-0.82-0.570.940.98-0.57-0.970.980.820.980.950.91-0.971.00.940.711.01.01.00.91
0.9-0.93-0.04-0.50.490.520.860.94-0.5-0.54-0.570.53-0.54-0.86-0.72-0.44-0.260.66-0.58-0.75-0.97-0.58-0.57-0.59-0.76
0.66-0.8-0.870.46-0.47-0.430.830.54-0.94-0.95-0.970.53-0.95-0.71-0.95-0.96-0.960.98-0.97-0.9-0.69-0.97-0.97-0.96-0.85
-0.590.780.8-0.410.40.35-0.84-0.610.851.00.98-0.54-0.950.760.940.870.89-0.970.980.870.70.980.980.970.82
-0.680.880.310.15-0.13-0.15-0.82-0.770.740.760.82-0.86-0.710.760.90.70.53-0.790.820.920.860.820.820.830.95
-0.720.90.68-0.220.230.2-0.89-0.690.930.940.98-0.72-0.950.940.90.920.84-0.970.980.980.830.980.980.980.96
-0.530.70.86-0.520.550.53-0.69-0.371.00.870.95-0.44-0.960.870.70.920.95-0.910.950.910.580.940.950.940.88
-0.430.580.97-0.70.710.68-0.63-0.280.920.890.91-0.26-0.960.890.530.840.95-0.890.910.780.450.910.920.90.73
0.75-0.88-0.770.31-0.32-0.270.910.68-0.9-0.97-0.970.660.98-0.97-0.79-0.97-0.91-0.89-0.97-0.93-0.8-0.97-0.97-0.97-0.88
-0.60.810.79-0.40.40.37-0.82-0.570.940.981.0-0.58-0.970.980.820.980.950.91-0.970.940.711.01.01.00.91
-0.720.90.61-0.150.170.15-0.85-0.670.940.870.94-0.75-0.90.870.920.980.910.78-0.930.940.830.940.940.950.99
-0.950.990.260.31-0.31-0.35-0.96-0.960.610.70.71-0.97-0.690.70.860.830.580.45-0.80.710.830.710.710.720.8
-0.60.80.79-0.40.410.37-0.82-0.570.940.981.0-0.58-0.970.980.820.980.940.91-0.971.00.940.711.01.00.91
-0.60.80.8-0.410.420.38-0.82-0.570.940.981.0-0.57-0.970.980.820.980.950.92-0.971.00.940.711.01.00.91
-0.610.810.78-0.380.390.35-0.83-0.580.940.971.0-0.59-0.960.970.830.980.940.9-0.971.00.950.721.01.00.92
-0.680.870.53-0.10.120.11-0.8-0.640.920.820.91-0.76-0.850.820.950.960.880.73-0.880.910.990.80.910.910.92
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Ellington Financial Account Relationship Matchups

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Ellington Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Financial'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 Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Financial Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Please note, there is a significant difference between Ellington Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ellington Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Financial'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.