| EVGOW Stock | | | USD 0.17 0.02 13.33% |
EVgo Equity financial indicator trend analysis is much more than just examining EVgo Equity Warrants latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether EVgo Equity Warrants is a good investment. Please check the relationship between EVgo Equity Cash And Short Term Investments and its Retained Earnings accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EVgo Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Cash And Short Term Investments vs Retained Earnings
Cash And Short Term Investments vs Retained Earnings Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
EVgo Equity Warrants Cash And Short Term Investments account and
Retained Earnings. At this time, the significance of the direction appears to have pay attention.
The correlation between EVgo Equity's Cash And Short Term Investments and Retained Earnings is -0.91. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Retained Earnings in the same time period over historical financial statements of EVgo Equity Warrants, assuming nothing else is changed. The correlation between historical values of EVgo Equity's Cash And Short Term Investments and Retained Earnings is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of EVgo Equity Warrants are associated (or correlated) with its Retained Earnings. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Retained Earnings has no effect on the direction of Cash And Short Term Investments i.e., EVgo Equity's Cash And Short Term Investments and Retained Earnings go up and down completely randomly.
Correlation Coefficient | -0.91 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of EVgo Equity Warrants balance sheet. This account contains EVgo Equity investments that will expire within one year. These investments include stocks and bonds that can be liquidated by EVgo Equity Warrants fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.
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.
Most indicators from EVgo Equity's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into EVgo Equity Warrants 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 EVgo Equity Warrants. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Issuance Of Capital Stock is likely to climb to about 151.7
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 87.1
M in 2024.
EVgo Equity fundamental ratios Correlations
Click cells to compare fundamentals
EVgo Equity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional 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.