ESQ Stock | | | USD 78.90 0.98 1.26% |
Esquire Financial financial indicator trend analysis is much more than just examining Esquire Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Esquire Financial is a good investment. Please check the relationship between Esquire Financial Net Income Per Share and its Net Income accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Esquire Financial Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Net Income Per Share vs Net Income
Net Income Per Share vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Esquire Financial Net Income Per Share account and
Net Income. At this time, the significance of the direction appears to have totally related.
The correlation between Esquire Financial's Net Income Per Share and Net Income is 1.0. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Net Income in the same time period over historical financial statements of Esquire Financial Holdings, assuming nothing else is changed. The correlation between historical values of Esquire Financial's Net Income Per Share and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per Share of Esquire Financial Holdings are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Income Per Share i.e., Esquire Financial's Net Income Per Share and Net Income go up and down completely randomly.
Correlation Coefficient | 1.0 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Income Per Share
Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Esquire Financial financial statement analysis. It represents the amount of money remaining after all of Esquire Financial Holdings operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.
Most indicators from Esquire Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Esquire 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, which includes a position in Esquire Financial Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
At this time, Esquire Financial's
Tax Provision is relatively stable compared to the past year. As of 12/04/2024,
Sales General And Administrative To Revenue is likely to grow to 0.39, while
Enterprise Value Multiple is likely to drop 3.62.
Esquire Financial fundamental ratios Correlations
Click cells to compare fundamentals
Esquire Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Esquire Financial fundamental ratios Accounts
Pair Trading with Esquire Financial
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 Esquire Financial 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 Esquire Financial will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Esquire Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Esquire Financial 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 Esquire Financial - 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 Esquire Financial Holdings to buy it.
The correlation of Esquire Financial 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 Esquire Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Esquire Financial 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 Esquire Financial 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 MatchingAdditional Tools for Esquire Stock Analysis
When running Esquire Financial's price analysis, check to
measure Esquire Financial'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 Esquire Financial is operating at the current time. Most of Esquire Financial's value examination focuses on studying past and present price action to
predict the probability of Esquire Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Esquire Financial's price. Additionally, you may evaluate how the addition of Esquire Financial to your portfolios can decrease your overall portfolio volatility.