Evgo Equity Warrants Stock Cash And Equivalents
| EVGOW Stock | USD 0.16 0.02 11.11% |
EVgo Equity Warrants fundamentals help investors to digest information that contributes to EVgo Equity's financial success or failures. It also enables traders to predict the movement of EVgo Stock. The fundamental analysis module provides a way to measure EVgo Equity's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to EVgo Equity stock.
EVgo | Cash And Equivalents |
EVgo Equity Warrants Company Cash And Equivalents Analysis
EVgo Equity's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
EVgo Cash And Equivalents Driver Correlations
Understanding the fundamental principles of building solid financial models for EVgo Equity is extremely important. It helps to project a fair market value of EVgo Stock properly, considering its historical fundamentals such as Cash And Equivalents. Since EVgo Equity's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of EVgo Equity's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of EVgo Equity's interrelated accounts and indicators.
Click cells to compare fundamentals
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
| Competition |
In accordance with the recently published financial statements, EVgo Equity Warrants has 0.0 in Cash And Equivalents. This indicator is about the same for the Commercial Services & Supplies average (which is currently at 0.0) sector and about the same as Industrials (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
EVgo Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses EVgo Equity's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of EVgo Equity could also be used in its relative valuation, which is a method of valuing EVgo Equity by comparing valuation metrics of similar companies.EVgo Equity is currently under evaluation in cash and equivalents category among related companies.
EVgo Fundamentals
| Return On Equity | -0.26 | |||
| Return On Asset | -0.12 | |||
| Profit Margin | (0.26) % | |||
| Operating Margin | (0.48) % | |||
| Number Of Shares Shorted | 2.57 K | |||
| Revenue | 160.95 M | |||
| EBITDA | (112.94 M) | |||
| Net Income | (42.09 M) | |||
| Total Debt | 68 M | |||
| Cash Flow From Operations | (37.05 M) | |||
| Number Of Employees | 292 | |||
| Beta | 2.45 | |||
| Total Asset | 806.61 M | |||
| Retained Earnings | (248.55 M) | |||
| Working Capital | 178.06 M | |||
| Net Asset | 806.61 M |
About EVgo Equity Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze EVgo Equity Warrants's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of EVgo Equity using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of EVgo Equity Warrants based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EVgo Equity in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EVgo Equity's short interest history, or implied volatility extrapolated from EVgo Equity options trading.
Pair Trading with EVgo Equity
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 EVgo Equity 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 EVgo Equity will appreciate offsetting losses from the drop in the long position's value.Moving against EVgo Stock
| 0.71 | NL | NL Industries | PairCorr |
| 0.64 | BV | BrightView Holdings Earnings Call Today | PairCorr |
| 0.5 | VLTO | Veralto | PairCorr |
| 0.49 | MG | Mistras Group | PairCorr |
| 0.46 | VSEC | VSE Corporation Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to EVgo Equity could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EVgo Equity 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 EVgo Equity - 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 EVgo Equity Warrants to buy it.
The correlation of EVgo Equity 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 EVgo Equity moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EVgo Equity Warrants 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 EVgo Equity 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 EVgo Equity Piotroski F Score and EVgo Equity Altman Z Score analysis. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for EVgo Stock analysis
When running EVgo Equity's price analysis, check to measure EVgo Equity'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 EVgo Equity is operating at the current time. Most of EVgo Equity's value examination focuses on studying past and present price action to predict the probability of EVgo Equity's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EVgo Equity's price. Additionally, you may evaluate how the addition of EVgo Equity to your portfolios can decrease your overall portfolio volatility.
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Is EVgo Equity's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EVgo Equity. If investors know EVgo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EVgo Equity listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Revenue Per Share 1.777 | Quarterly Revenue Growth 0.831 | Return On Assets (0.12) | Return On Equity (0.26) |
The market value of EVgo Equity Warrants is measured differently than its book value, which is the value of EVgo that is recorded on the company's balance sheet. Investors also form their own opinion of EVgo Equity's value that differs from its market value or its book value, called intrinsic value, which is EVgo Equity's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EVgo Equity's market value can be influenced by many factors that don't directly affect EVgo Equity's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EVgo Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if EVgo Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EVgo Equity'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.