Empire Retained Earnings vs Other Current Liab Analysis
EP Stock | USD 6.64 0.05 0.75% |
Empire Petroleum financial indicator trend analysis is much more than just examining Empire Petroleum Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Empire Petroleum Corp is a good investment. Please check the relationship between Empire Petroleum Retained Earnings and its Other Current Liab accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.
Retained Earnings vs Other Current Liab
Retained Earnings vs Other Current Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Empire Petroleum Corp Retained Earnings account and Other Current Liab. At this time, the significance of the direction appears to have pay attention.
The correlation between Empire Petroleum's Retained Earnings and Other Current Liab is -0.99. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Liab in the same time period over historical financial statements of Empire Petroleum Corp, assuming nothing else is changed. The correlation between historical values of Empire Petroleum's Retained Earnings and Other Current Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Empire Petroleum Corp are associated (or correlated) with its Other Current Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Liab has no effect on the direction of Retained Earnings i.e., Empire Petroleum's Retained Earnings and Other Current Liab go up and down completely randomly.
Correlation Coefficient | -0.99 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Other Current Liab
Most indicators from Empire Petroleum's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Empire Petroleum Corp 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 Empire Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey. At this time, Empire Petroleum's Selling General Administrative is relatively stable compared to the past year. As of 12/14/2024, Tax Provision is likely to grow to about 103.8 K, though Enterprise Value Over EBITDA is likely to grow to (29.16).
Empire Petroleum fundamental ratios Correlations
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Empire Petroleum Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Empire Petroleum fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 11.0M | 11.2M | 50.1M | 71.5M | 92.6M | 97.2M | |
Short Long Term Debt Total | 7.8M | 9.6M | 9.4M | 8.0M | 6.7M | 9.7M | |
Other Current Liab | 11.9K | 2.7M | 5.8M | 9.2M | 7.1M | 4.3M | |
Total Current Liabilities | 2.2M | 6.1M | 12.1M | 17.6M | 25.0M | 26.3M | |
Total Stockholder Equity | (4.9M) | (18.4M) | 10.8M | 23.2M | 35.0M | 18.7M | |
Property Plant And Equipment Net | 9.3M | 8.2M | 30.7M | 45.3M | 72.4M | 76.0M | |
Net Debt | 7.8M | 9.5M | 5.8M | (3.9M) | (1.1M) | (1.1M) | |
Retained Earnings | (23.8M) | (40.6M) | (59.2M) | (52.1M) | (64.6M) | (67.8M) | |
Cash | 0.0 | 157.7K | 3.6M | 11.9M | 7.8M | 8.2M | |
Non Current Assets Total | 9.3M | 9.0M | 37.0M | 48.8M | 73.9M | 77.6M | |
Cash And Short Term Investments | 0.0 | 157.7K | 3.6M | 11.9M | 7.8M | 8.2M | |
Common Stock Shares Outstanding | 5.0M | 5.7M | 3.7M | 23.4M | 22.7M | 23.9M | |
Liabilities And Stockholders Equity | 11.0M | 11.2M | 50.1M | 71.5M | 92.6M | 97.2M | |
Other Current Assets | 247.7K | 281.9K | 734.4K | 1.2M | 1.2M | 1.2M | |
Other Stockholder Equity | 18.8M | 22.2M | 69.0M | 75.3M | 99.5M | 85.7M | |
Total Liab | 16.0M | 29.7M | 39.3M | 48.3M | 57.7M | 60.5M | |
Total Current Assets | 1.7M | 2.2M | 13.1M | 22.7M | 18.7M | 19.7M | |
Short Term Debt | 96.7K | 1.5M | 1.9M | 2.6M | 1.5M | 1.5M | |
Common Stock | 20.4K | 24.9K | 79.4K | 81.6K | 85.0K | 80.8K | |
Net Receivables | 982.8K | 1.3M | 7.7M | 7.8M | 8.4M | 8.8M | |
Accounts Payable | 1.0M | 1.9M | 4.3M | 5.8M | 16.4M | 17.3M | |
Non Current Liabilities Total | 13.7M | 23.6M | 27.2M | 30.7M | 32.6M | 34.2M | |
Long Term Debt | 7.7M | 7.7M | 6.9M | 5.1M | 4.6M | 4.6M | |
Long Term Debt Total | 7.7M | 8.3M | 7.6M | 5.1M | 5.9M | 4.7M | |
Capital Surpluse | 18.8M | 22.2M | 70.0M | 75.3M | 86.6M | 90.9M | |
Cash And Equivalents | 0.0 | 157.7K | 3.6M | 11.9M | 13.7M | 14.4M | |
Net Tangible Assets | (150.2K) | (4.9M) | (18.4M) | 10.8M | 12.5M | 13.1M | |
Net Invested Capital | 2.9M | (9.4M) | 19.4M | 30.4M | 40.7M | 42.7M | |
Short Long Term Debt | 96.7K | 1.3M | 1.7M | 2.1M | 1.1M | 1.2M | |
Capital Stock | 20.4K | 24.9K | 79.4K | 81.6K | 85.0K | 56.6K | |
Net Working Capital | (531.2K) | (3.9M) | 1.1M | 5.1M | (6.3M) | (6.0M) | |
Property Plant Equipment | 9.3M | 8.2M | 30.7M | 45.3M | 52.1M | 54.7M |
Pair Trading with Empire Petroleum
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 Empire Petroleum 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 Empire Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Empire Stock
0.69 | AR | Antero Resources Corp | PairCorr |
0.7 | LB | LandBridge Company | PairCorr |
0.64 | PR | Permian Resources | PairCorr |
Moving against Empire Stock
0.77 | BRN | Barnwell Industries | PairCorr |
0.76 | BRY | Berry Petroleum Corp | PairCorr |
0.76 | DVN | Devon Energy Sell-off Trend | PairCorr |
0.73 | EGY | Vaalco Energy | PairCorr |
0.7 | BTE | Baytex Energy Corp | PairCorr |
The ability to find closely correlated positions to Empire Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Petroleum 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 Empire Petroleum - 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 Empire Petroleum Corp to buy it.
The correlation of Empire Petroleum 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 Empire Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Petroleum Corp 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 Empire Petroleum 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.Additional Tools for Empire Stock Analysis
When running Empire Petroleum's price analysis, check to measure Empire Petroleum'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 Empire Petroleum is operating at the current time. Most of Empire Petroleum's value examination focuses on studying past and present price action to predict the probability of Empire Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Petroleum's price. Additionally, you may evaluate how the addition of Empire Petroleum to your portfolios can decrease your overall portfolio volatility.