Envestnet Retained Earnings vs Non Current Liabilities Total Analysis

ENV Stock

USD 64.52 0.67 1.03%

Envestnet financial indicator trend analysis is much more than just examining Envestnet latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Envestnet is a good investment. Please check the relationship between Envestnet Retained Earnings and its Non Current Liabilities Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Envestnet. 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.

For more information on how to buy Envestnet Stock please use our How to Invest in Envestnet guide.

Retained Earnings vs Non Current Liabilities Total

Retained Earnings vs Non Current Liabilities Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Envestnet Retained Earnings account and Non Current Liabilities Total. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Envestnet's Retained Earnings and Non Current Liabilities Total is -0.64. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Envestnet, assuming nothing else is changed. The correlation between historical values of Envestnet's Retained Earnings and Non Current Liabilities Total 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 Envestnet are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Retained Earnings i.e., Envestnet's Retained Earnings and Non Current Liabilities Total go up and down completely randomly.

Correlation Coefficient

-0.64

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

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.

Non Current Liabilities Total

Most indicators from Envestnet's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Envestnet 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 Envestnet. 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.

For more information on how to buy Envestnet Stock please use our How to Invest in Envestnet guide.At this time, Envestnet's Tax Provision is fairly stable compared to the past year. Enterprise Value is likely to climb to about 3.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 329 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	762.8M	771.3M	772.6M	390.8M
Total Revenue	1.2B	1.2B	1.2B	1.3B

Gross Profit Total Revenue

Envestnet fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets
Common Stock Shares Outstanding		0.97	0.46	0.92	0.92	0.75	0.92	0.9	0.79	-0.39	0.66	0.6	0.96	0.68	0.57	0.6	0.84	0.97	0.94	0.87	-0.33	0.85	0.96	0.89	0.78	0.78
Total Assets	0.97		0.44	0.9	0.97	0.74	0.96	0.9	0.8	-0.35	0.67	0.65	0.99	0.68	0.66	0.65	0.83	0.99	0.86	0.9	-0.4	0.86	0.99	0.91	0.81	0.82
Other Current Liab	0.46	0.44		0.42	0.28	0.22	0.49	0.67	0.85	-0.86	0.4	-0.1	0.5	0.87	0.12	-0.1	0.74	0.46	0.43	0.7	-0.24	0.73	0.42	0.69	0.79	0.09
Total Current Liabilities	0.92	0.9	0.42		0.85	0.65	0.79	0.84	0.72	-0.37	0.62	0.61	0.89	0.65	0.46	0.61	0.81	0.89	0.83	0.78	-0.39	0.79	0.89	0.84	0.68	0.78
Total Stockholder Equity	0.92	0.97	0.28	0.85		0.82	0.92	0.86	0.7	-0.19	0.67	0.7	0.95	0.53	0.67	0.7	0.74	0.96	0.81	0.83	-0.42	0.78	0.97	0.84	0.72	0.83
Other Liab	0.75	0.74	0.22	0.65	0.82		0.69	0.73	0.54	-0.19	0.61	0.37	0.76	0.31	0.48	0.37	0.57	0.77	0.74	0.6	-0.25	0.6	0.8	0.62	0.54	0.5
Property Plant And Equipment Net	0.92	0.96	0.49	0.79	0.92	0.69		0.87	0.79	-0.34	0.58	0.6	0.96	0.67	0.71	0.6	0.77	0.96	0.78	0.89	-0.37	0.83	0.95	0.88	0.83	0.76
Current Deferred Revenue	0.9	0.9	0.67	0.84	0.86	0.73	0.87		0.94	-0.64	0.8	0.48	0.91	0.85	0.55	0.48	0.96	0.91	0.82	0.96	-0.44	0.97	0.91	0.97	0.93	0.66
Net Debt	0.79	0.8	0.85	0.72	0.7	0.54	0.79	0.94		-0.77	0.69	0.28	0.83	0.95	0.44	0.28	0.96	0.82	0.71	0.96	-0.45	0.96	0.79	0.95	0.96	0.49
Retained Earnings	-0.39	-0.35	-0.86	-0.37	-0.19	-0.19	-0.34	-0.64	-0.77		-0.62	0.04	-0.38	-0.86	-0.2	0.04	-0.76	-0.34	-0.41	-0.64	0.27	-0.74	-0.37	-0.64	-0.77	-0.13
Accounts Payable	0.66	0.67	0.4	0.62	0.67	0.61	0.58	0.8	0.69	-0.62		0.52	0.64	0.69	0.43	0.52	0.81	0.63	0.66	0.76	-0.32	0.83	0.72	0.77	0.78	0.63
Cash	0.6	0.65	-0.1	0.61	0.7	0.37	0.6	0.48	0.28	0.04	0.52		0.54	0.31	0.66	1.0	0.45	0.56	0.47	0.54	0.0	0.5	0.63	0.56	0.42	0.96
Non Current Assets Total	0.96	0.99	0.5	0.89	0.95	0.76	0.96	0.91	0.83	-0.38	0.64	0.54		0.69	0.61	0.54	0.83	1.0	0.86	0.9	-0.45	0.86	0.98	0.91	0.81	0.73
Non Currrent Assets Other	0.68	0.68	0.87	0.65	0.53	0.31	0.67	0.85	0.95	-0.86	0.69	0.31	0.69		0.37	0.31	0.94	0.66	0.61	0.9	-0.32	0.93	0.65	0.9	0.93	0.49
Other Assets	0.57	0.66	0.12	0.46	0.67	0.48	0.71	0.55	0.44	-0.2	0.43	0.66	0.61	0.37		0.66	0.46	0.61	0.46	0.61	-0.24	0.56	0.67	0.58	0.58	0.7
Cash And Short Term Investments	0.6	0.65	-0.1	0.61	0.7	0.37	0.6	0.48	0.28	0.04	0.52	1.0	0.54	0.31	0.66		0.45	0.56	0.47	0.54	0.0	0.5	0.63	0.56	0.42	0.96
Net Receivables	0.84	0.83	0.74	0.81	0.74	0.57	0.77	0.96	0.96	-0.76	0.81	0.45	0.83	0.94	0.46	0.45		0.82	0.77	0.96	-0.41	0.99	0.82	0.97	0.94	0.64
Good Will	0.97	0.99	0.46	0.89	0.96	0.77	0.96	0.91	0.82	-0.34	0.63	0.56	1.0	0.66	0.61	0.56	0.82		0.86	0.89	-0.45	0.84	0.98	0.9	0.79	0.74
Common Stock Total Equity	0.94	0.86	0.43	0.83	0.81	0.74	0.78	0.82	0.71	-0.41	0.66	0.47	0.86	0.61	0.46	0.47	0.77	0.86		0.76	-0.26	0.77	0.87	0.79	0.7	0.65
Non Current Liabilities Total	0.87	0.9	0.7	0.78	0.83	0.6	0.89	0.96	0.96	-0.64	0.76	0.54	0.9	0.9	0.61	0.54	0.96	0.89	0.76		-0.38	0.98	0.88	0.99	0.97	0.71
Inventory	-0.33	-0.4	-0.24	-0.39	-0.42	-0.25	-0.37	-0.44	-0.45	0.27	-0.32	0.0	-0.45	-0.32	-0.24	0.0	-0.41	-0.45	-0.26	-0.38		-0.4	-0.43	-0.39	-0.37	-0.12
Other Current Assets	0.85	0.86	0.73	0.79	0.78	0.6	0.83	0.97	0.96	-0.74	0.83	0.5	0.86	0.93	0.56	0.5	0.99	0.84	0.77	0.98	-0.4		0.86	0.98	0.97	0.67
Other Stockholder Equity	0.96	0.99	0.42	0.89	0.97	0.8	0.95	0.91	0.79	-0.37	0.72	0.63	0.98	0.65	0.67	0.63	0.82	0.98	0.87	0.88	-0.43	0.86		0.9	0.81	0.8
Total Liab	0.89	0.91	0.69	0.84	0.84	0.62	0.88	0.97	0.95	-0.64	0.77	0.56	0.91	0.9	0.58	0.56	0.97	0.9	0.79	0.99	-0.39	0.98	0.9		0.95	0.73
Property Plant And Equipment Gross	0.78	0.81	0.79	0.68	0.72	0.54	0.83	0.93	0.96	-0.77	0.78	0.42	0.81	0.93	0.58	0.42	0.94	0.79	0.7	0.97	-0.37	0.97	0.81	0.95		0.6
Total Current Assets	0.78	0.82	0.09	0.78	0.83	0.5	0.76	0.66	0.49	-0.13	0.63	0.96	0.73	0.49	0.7	0.96	0.64	0.74	0.65	0.71	-0.12	0.67	0.8	0.73	0.6

Click cells to compare fundamentals

Envestnet Account Relationship Matchups

Envestnet fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	50.9M	53.6M	55.4M	56.8M	54.5M	43.2M
Total Assets	1.8B	2.1B	2.2B	2.1B	1.9B	1.1B
Other Current Liab	137.9M	11.3M	743K	216.5M	241.4M	253.5M
Total Current Liabilities	203.8M	236.4M	288.7M	327.1M	292.5M	158.6M
Total Stockholder Equity	869.1M	976.3M	957.1M	754.6M	568.2M	471.5M
Other Liab	76.6M	63.4M	38.1M	35.1M	40.3M	34.7M
Property Plant And Equipment Net	136.6M	153.2M	140.9M	144.0M	117.4M	62.5M
Current Deferred Revenue	34.8M	34.9M	33.5M	36.4M	38.2M	40.1M
Net Debt	585.2M	497.8M	536.5M	877.1M	899.0M	943.9M
Retained Earnings	(75.7M)	(79.9M)	(38.0M)	(118.9M)	(357.7M)	(339.8M)
Accounts Payable	155.2M	176.6M	243.5M	17.3M	241.4M	253.5M
Cash	82.5M	384.6M	429.3M	162.2M	91.4M	143.4M
Non Current Assets Total	1.6B	1.6B	1.7B	1.8B	1.6B	838.9M
Non Currrent Assets Other	37.1M	47.6M	73.8M	99.9M	126.7M	133.1M
Other Assets	37.1M	249.3M	73.8M	62.5M	71.9M	44.0M
Cash And Short Term Investments	82.5M	384.6M	429.3M	162.2M	91.4M	143.4M
Net Receivables	67.8M	80.1M	95.3M	101.7M	121.0M	127.0M
Good Will	879.9M	906.8M	925.2M	998.4M	806.6M	453.3M
Common Stock Total Equity	306K	331K	339K	344K	395.6K	267.5K
Liabilities And Stockholders Equity	1.8B	2.1B	2.2B	2.1B	1.9B	1.1B
Non Current Liabilities Total	730.5M	932.1M	992.9M	1.0B	1.0B	1.1B
Other Current Assets	32.2M	40.6M	42.7M	41.4M	51.5M	54.0M
Other Stockholder Equity	946.2M	1.1B	996.6M	881.7M	934.1M	559.6M
Total Liab	934.3M	1.2B	1.3B	1.3B	1.3B	1.4B
Property Plant And Equipment Gross	136.6M	153.2M	140.9M	144.0M	199.4M	209.4M
Total Current Assets	182.5M	505.2M	567.3M	305.2M	263.8M	217.1M
Accumulated Other Comprehensive Income	(1.7M)	(398K)	(1.9M)	(8.6M)	(8.6M)	(9.0M)
Treasury Stock	(67.9M)	(91.0M)	(110.5M)	(135.0M)	(121.5M)	(115.4M)
Intangible Assets	565.9M	531.5M	534.1M	564.6M	562.8M	282.1M
Common Stock	331K	339K	344K	350K	355K	282.5K
Property Plant Equipment	53.8M	48.0M	140.9M	144.0M	165.6M	173.9M
Short Long Term Debt Total	667.7M	882.3M	965.8M	1.0B	990.4M	1.0B
Long Term Debt	565.5M	756.5M	848.9M	871.8M	876.6M	920.4M
Short Term Debt	13.8M	13.6M	11.0M	56.8M	12.9M	12.3M
Net Tangible Assets	(576.6M)	(462.0M)	(502.1M)	(808.4M)	(727.6M)	(691.2M)
Noncontrolling Interest In Consolidated Entity	(1.1M)	(1.5M)	(519K)	2.5M	2.8M	3.0M
Retained Earnings Total Equity	(58.9M)	(75.7M)	(79.9M)	(38.0M)	(34.2M)	(35.9M)
Capital Surpluse	1.0B	1.2B	1.1B	1.1B	1.3B	691.4M

Pair Trading with Envestnet

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 Envestnet 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 Envestnet will appreciate offsetting losses from the drop in the long position's value.

Moving against Envestnet Stock

0.92	DOMO	Domo Inc	Pair Corr
0.88	VS	Versus Systems Tech Boost	Pair Corr
0.83	U	Unity Software	Pair Corr
0.83	PD	Pagerduty Tech Boost	Pair Corr
0.82	DV	DoubleVerify Holdings	Pair Corr

The ability to find closely correlated positions to Envestnet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envestnet 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 Envestnet - 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 Envestnet to buy it.

The correlation of Envestnet 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 Envestnet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envestnet 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 Envestnet 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 Correlation Correlation Matching

Additional Tools for Envestnet Stock Analysis

When running Envestnet's price analysis, check to measure Envestnet'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 Envestnet is operating at the current time. Most of Envestnet's value examination focuses on studying past and present price action to predict the probability of Envestnet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envestnet's price. Additionally, you may evaluate how the addition of Envestnet to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC