Energy Other Stockholder Equity vs Cash Analysis
EFR Stock | CAD 9.64 0.16 1.63% |
Energy Fuels financial indicator trend analysis is much more than just examining Energy Fuels latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Energy Fuels is a good investment. Please check the relationship between Energy Fuels Other Stockholder Equity and its Cash accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Fuels. 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. To learn how to invest in Energy Stock, please use our How to Invest in Energy Fuels guide.
Other Stockholder Equity vs Cash
Other Stockholder Equity vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Energy Fuels Other Stockholder Equity account and Cash. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Energy Fuels' Other Stockholder Equity and Cash is -0.38. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Cash in the same time period over historical financial statements of Energy Fuels, assuming nothing else is changed. The correlation between historical values of Energy Fuels' Other Stockholder Equity and 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 Other Stockholder Equity of Energy Fuels are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Other Stockholder Equity i.e., Energy Fuels' Other Stockholder Equity and Cash go up and down completely randomly.
Correlation Coefficient | -0.38 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Other Stockholder Equity
Cash
Cash refers to the most liquid asset of Energy Fuels, which is listed under current asset account on Energy Fuels balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Energy Fuels customers. The amounts must be unrestricted with restricted cash listed in a different Energy Fuels account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Most indicators from Energy Fuels' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Energy Fuels 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 Energy Fuels. 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. To learn how to invest in Energy Stock, please use our How to Invest in Energy Fuels guide.At this time, Energy Fuels' Selling General Administrative is very stable compared to the past year. As of the 4th of December 2024, Tax Provision is likely to grow to about 289.8 K, while Enterprise Value Over EBITDA is likely to drop (40.19).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.4M | 4.7M | 19.7M | 20.7M | Total Revenue | 3.2M | 12.5M | 37.9M | 25.0M |
Energy Fuels fundamental ratios Correlations
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Energy Fuels Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Energy Fuels fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 175.7M | 183.2M | 315.4M | 273.9M | 401.9M | 422.0M | |
Short Long Term Debt Total | 17.9M | 758K | 469K | 1.4M | 1.3M | 1.3M | |
Other Current Liab | 3.5M | 10.9M | 2.8M | 16.5M | 8.8M | 9.2M | |
Total Current Liabilities | 22.6M | 12.3M | 6.1M | 18.6M | 10.4M | 7.1M | |
Total Stockholder Equity | 126.9M | 153.8M | 291.6M | 240.4M | 375.2M | 394.0M | |
Property Plant And Equipment Net | 110.7M | 107.8M | 105.9M | 97.6M | 146.9M | 154.3M | |
Net Debt | 5.1M | (19.4M) | (112.0M) | (61.4M) | (56.1M) | (53.3M) | |
Retained Earnings | (370.0M) | (397.8M) | (396.3M) | (456.1M) | (356.3M) | (338.4M) | |
Accounts Payable | 2.0M | 1.1M | 3.0M | 1.9M | 1.0M | 955.7K | |
Cash | 12.8M | 20.2M | 112.5M | 62.8M | 57.4M | 60.3M | |
Non Current Assets Total | 132.5M | 130.8M | 166.1M | 138.4M | 169.2M | 84.7M | |
Non Currrent Assets Other | 21.2M | 22.2M | 21.7M | 21.5M | 21.0M | 16.2M | |
Other Assets | 21.2M | 22.2M | 21.7M | 19.9M | 22.9M | 24.0M | |
Cash And Short Term Investments | 17.6M | 22.4M | 113.0M | 75.0M | 190.5M | 200.0M | |
Common Stock Shares Outstanding | 95.7M | 120.8M | 154.1M | 157.5M | 160.2M | 168.2M | |
Short Term Investments | 4.8M | 2.2M | 494K | 12.2M | 133.0M | 139.7M | |
Liabilities And Stockholders Equity | 175.7M | 183.2M | 315.4M | 273.9M | 401.9M | 422.0M | |
Non Current Liabilities Total | 22.5M | 13.4M | 13.8M | 10.9M | 12.4M | 16.1M | |
Other Current Assets | 1.5M | 1.3M | 1.6M | 22.3M | 2.5M | 2.3M | |
Other Stockholder Equity | 3.0M | 2.3M | 1.9M | (1.9M) | (1.8M) | (1.7M) | |
Total Liab | 45.1M | 25.7M | 19.9M | 29.5M | 22.7M | 23.2M | |
Property Plant And Equipment Gross | 110.7M | 107.8M | 141.9M | 130.8M | 182.8M | 192.0M | |
Total Current Assets | 43.2M | 52.5M | 149.3M | 135.6M | 232.7M | 244.3M | |
Accumulated Other Comprehensive Income | 3.0M | 2.3M | 1.9M | (1.9M) | (2.2M) | (2.1M) | |
Short Term Debt | 17.2M | 289K | 324K | 59K | 199K | 189.1K | |
Common Stock | 494.0M | 549.3M | 685.9M | 698.5M | 733.5M | 435.4M | |
Net Receivables | 1.3M | 1.2M | 4.0M | 92K | 816K | 1.4M | |
Inventory | 22.8M | 27.6M | 30.8M | 38.2M | 38.9M | 24.1M | |
Common Stock Total Equity | 430.4M | 469.3M | 494.0M | 549.3M | 631.7M | 396.0M | |
Other Liab | 21.7M | 12.9M | 13.7M | 9.6M | 11.0M | 18.1M | |
Net Tangible Assets | 126.9M | 153.8M | 291.6M | 240.4M | 276.5M | 174.3M | |
Long Term Investments | 654K | 779K | 38.5M | 19.3M | 1.4M | 1.3M | |
Property Plant Equipment | 110.7M | 107.8M | 105.9M | 97.6M | 112.2M | 117.8M |
Pair Trading with Energy Fuels
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 Energy Fuels 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 Energy Fuels will appreciate offsetting losses from the drop in the long position's value.Moving together with Energy Stock
0.92 | ENB-PFV | Enbridge Pref 5 | PairCorr |
0.66 | ENB-PFU | Enbridge Pref L | PairCorr |
0.93 | ENS | E Split Corp | PairCorr |
0.86 | ENS-PA | E Split Corp | PairCorr |
Moving against Energy Stock
The ability to find closely correlated positions to Energy Fuels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Energy Fuels 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 Energy Fuels - 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 Energy Fuels to buy it.
The correlation of Energy Fuels 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 Energy Fuels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Energy Fuels 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 Energy Fuels 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.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Energy Fuels. 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. To learn how to invest in Energy Stock, please use our How to Invest in Energy Fuels guide.You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.