ESSA Total Assets vs Net Receivables Analysis
ESSA Stock | USD 17.34 0.17 0.99% |
ESSA Bancorp financial indicator trend analysis is much more than just examining ESSA Bancorp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ESSA Bancorp is a good investment. Please check the relationship between ESSA Bancorp Total Assets and its Net Receivables accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.
Total Assets vs Net Receivables
Total Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ESSA Bancorp Total Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ESSA Bancorp's Total Assets and Net Receivables is 0.98. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of ESSA Bancorp, assuming nothing else is changed. The correlation between historical values of ESSA Bancorp's Total Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of ESSA Bancorp are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Total Assets i.e., ESSA Bancorp's Total Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.98 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Total Assets
Total assets refers to the total amount of ESSA Bancorp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in ESSA Bancorp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Net Receivables
Most indicators from ESSA Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ESSA Bancorp 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 ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.At present, ESSA Bancorp's Sales General And Administrative To Revenue is projected to slightly decrease based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 16.42, whereas Selling General Administrative is forecasted to decline to about 22 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 68.2M | 69.3M | 79.7M | 43.6M | Interest Expense | 3.0M | 23.9M | 21.6M | 12.4M |
ESSA Bancorp fundamental ratios Correlations
Click cells to compare fundamentals
ESSA Bancorp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ESSA Bancorp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 1.9B | 1.9B | 2.3B | 2.6B | 1.5B | |
Total Stockholder Equity | 191.4M | 201.8M | 212.3M | 219.7M | 252.7M | 170.2M | |
Property Plant And Equipment Net | 14.2M | 13.6M | 13.1M | 12.9M | 14.8M | 14.2M | |
Net Debt | (30.0M) | (152.6M) | 202.9M | 289.3M | 332.6M | 214.8M | |
Cash | 155.9M | 158.9M | 27.9M | 85.4M | 98.2M | 103.1M | |
Non Current Assets Total | 241.3M | 290.0M | 293.1M | 413.1M | 475.1M | 250.7M | |
Non Currrent Assets Other | (6.0M) | (4.6M) | (5.4M) | (6.9M) | (7.9M) | (8.3M) | |
Other Assets | 1.3B | 1.2B | 1.3B | 1.5B | 1.7B | 1.2B | |
Cash And Short Term Investments | 368.4M | 399.5M | 236.6M | 419.5M | 482.4M | 506.5M | |
Common Stock Shares Outstanding | 10.3M | 9.9M | 9.8M | 9.7M | 8.8M | 10.2M | |
Liabilities And Stockholders Equity | 1.9B | 1.9B | 1.9B | 2.3B | 2.6B | 1.5B | |
Other Stockholder Equity | 82.7M | 76.6M | 75.9M | 77.2M | 69.4M | 73.9M | |
Total Liab | 1.7B | 1.7B | 1.6B | 374.7M | 430.8M | 409.3M | |
Property Plant And Equipment Gross | 14.2M | 36.0M | 36.1M | 36.8M | 42.3M | 44.4M | |
Total Current Assets | 368.4M | 399.5M | 236.6M | 419.5M | 482.4M | 805.1M | |
Short Long Term Debt Total | 125.9M | 6.4M | 230.8M | 374.7M | 337.2M | 219.4M | |
Total Current Liabilities | 111.7M | 1.4B | 230.8M | 374.7M | 430.8M | 452.4M | |
Other Liab | 17.8M | 18.4M | 23.5M | 23.2M | 26.7M | 15.6M | |
Retained Earnings | 112.6M | 124.3M | 139.1M | 151.9M | 174.6M | 93.8M | |
Accounts Payable | 1.3B | 1.5B | 1.6B | 1.4B | 1.6B | 1.0B | |
Net Receivables | 1.4B | 1.3B | 1.4B | 1.7B | 1.9B | 1.1B | |
Short Term Investments | 212.5M | 240.6M | 208.6M | 334.1M | 384.2M | 289.6M | |
Non Current Liabilities Total | 14.2M | 267.8M | 230.8M | 1.7B | 2.0B | 2.1B | |
Inventory | (1.6B) | (1.5B) | (1.5B) | (1.8B) | (1.6B) | (1.7B) | |
Accumulated Other Comprehensive Income | (4.1M) | 682K | (2.9M) | (9.5M) | (10.9M) | (10.4M) | |
Short Term Debt | 111.7M | 813K | 230.8M | 374.7M | 430.8M | 452.4M | |
Intangible Assets | 791K | 520K | 281K | 91K | 104.7K | 99.4K | |
Property Plant Equipment | 14.6M | 14.5M | 13.6M | 13.2M | 15.1M | 16.1M | |
Treasury Stock | (85.2M) | (91.5M) | (98.1M) | (99.8M) | (89.8M) | (94.3M) | |
Other Current Liab | (111.7M) | 1.4B | (5.4M) | (374.7M) | (337.2M) | (320.3M) | |
Net Tangible Assets | 174.6M | 176.8M | 187.5M | 198.3M | 228.0M | 185.2M | |
Retained Earnings Total Equity | 102.5M | 112.6M | 124.3M | 139.1M | 160.0M | 102.4M | |
Capital Surpluse | 181.2M | 181.5M | 181.7M | 182.2M | 209.5M | 198.5M | |
Other Current Assets | 156.2M | 159.4M | 28.0M | 88.7M | 79.8M | 75.8M | |
Long Term Investments | 1.6B | 262.1M | 265.9M | 386.3M | 347.7M | 330.3M |
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 ESSA Bancorp 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, ESSA Bancorp's short interest history, or implied volatility extrapolated from ESSA Bancorp options trading.
Pair Trading with ESSA Bancorp
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 ESSA Bancorp 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 ESSA Bancorp will appreciate offsetting losses from the drop in the long position's value.Moving against ESSA Stock
0.57 | DB | Deutsche Bank AG Normal Trading | PairCorr |
0.56 | TECTP | Tectonic Financial | PairCorr |
0.45 | CFG-PD | Citizens Financial | PairCorr |
The ability to find closely correlated positions to ESSA Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ESSA Bancorp 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 ESSA Bancorp - 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 ESSA Bancorp to buy it.
The correlation of ESSA Bancorp 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 ESSA Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ESSA Bancorp 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 ESSA Bancorp 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 ESSA Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade ESSA Stock refer to our How to Trade ESSA Stock guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for ESSA Stock analysis
When running ESSA Bancorp's price analysis, check to measure ESSA Bancorp'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 ESSA Bancorp is operating at the current time. Most of ESSA Bancorp's value examination focuses on studying past and present price action to predict the probability of ESSA Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ESSA Bancorp's price. Additionally, you may evaluate how the addition of ESSA Bancorp to your portfolios can decrease your overall portfolio volatility.
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Transaction History View history of all your transactions and understand their impact on performance | |
Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
Is ESSA Bancorp'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 ESSA Bancorp. If investors know ESSA 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 ESSA Bancorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0) | Dividend Share 0.6 | Earnings Share 1.86 | Revenue Per Share 7.131 | Quarterly Revenue Growth 0.019 |
The market value of ESSA Bancorp is measured differently than its book value, which is the value of ESSA that is recorded on the company's balance sheet. Investors also form their own opinion of ESSA Bancorp's value that differs from its market value or its book value, called intrinsic value, which is ESSA Bancorp'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 ESSA Bancorp's market value can be influenced by many factors that don't directly affect ESSA Bancorp'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 ESSA Bancorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ESSA Bancorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ESSA Bancorp'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.