EVgo Total Stockholder Equity vs Short Term Investments Analysis
| EVGOW Stock | USD 0.18 0.01 5.88% |
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 Total Stockholder Equity and its Short Term Investments 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 tightly coupled with the direction of predictive economic indicators such as signals in persons.
Total Stockholder Equity vs Short Term Investments
Total Stockholder Equity vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of EVgo Equity Warrants Total Stockholder Equity account and Short Term Investments. At this time, the significance of the direction appears to have no relationship.
The correlation between EVgo Equity's Total Stockholder Equity and Short Term Investments is 0.05. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Short Term Investments 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 Total Stockholder Equity and Short Term Investments 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 Stockholder Equity of EVgo Equity Warrants are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., EVgo Equity's Total Stockholder Equity and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.05 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Short Term Investments
Short Term Investments is an item under the current assets section of EVgo Equity balance sheet. It contains any investments EVgo Equity Warrants undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that EVgo Equity Warrants can easily liquidate in the marketplace.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 tightly coupled 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.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 83.0M | 143.9M | 154.5M | 98.5M | Cost Of Revenue | 29.0M | 60.2M | 171.3M | 179.9M |
EVgo Equity fundamental ratios Correlations
Click cells to compare fundamentals
EVgo Equity Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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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 tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
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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 1.927 | Quarterly Revenue Growth 1.18 | Return On Assets (0.11) | Return On Equity (0.23) |
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.