Envirotech Other Current Liab from 2010 to 2024
| EVTV Stock | USD 1.32 0.04 2.94% |
Other Current Liabilities | First Reported 2017-03-31 | Previous Quarter 452.2 K | Current Value 647 K | Quarterly Volatility 436.8 K |
Check Envirotech Vehicles financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Envirotech Vehicles' main balance sheet or income statement drivers, such as Interest Expense of 5.3 B, Selling General Administrative of 6.9 M or Total Revenue of 5.3 M, as well as many indicators such as Price To Sales Ratio of 6.8, Dividend Yield of 0.0 or PTB Ratio of 0.94. Envirotech financial statements analysis is a perfect complement when working with Envirotech Vehicles Valuation or Volatility modules.
Envirotech | Other Current Liab |
Latest Envirotech Vehicles' Other Current Liab Growth Pattern
Below is the plot of the Other Current Liab of Envirotech Vehicles over the last few years. It is Envirotech Vehicles' Other Current Liabilities historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Envirotech Vehicles' overall financial position and show how it may be relating to other accounts over time.
| Other Current Liab | 10 Years Trend |
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Other Current Liab |
| Timeline |
Envirotech Other Current Liab Regression Statistics
| Arithmetic Mean | 146,058,143,445 | |
| Geometric Mean | 10,891,785 | |
| Coefficient Of Variation | 207.81 | |
| Mean Deviation | 233,691,777,289 | |
| Median | 514,000 | |
| Standard Deviation | 303,519,695,456 | |
| Sample Variance | 92124205529.6T | |
| Range | 787.9B | |
| R-Value | 0.70 | |
| Mean Square Error | 50756368083.4T | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | 47,430,629,507 | |
| Total Sum of Squares | 1289738877414T |
Envirotech Other Current Liab History
About Envirotech Vehicles Financial Statements
Envirotech Vehicles investors use historical fundamental indicators, such as Envirotech Vehicles' Other Current Liab, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Envirotech Vehicles. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Other Current Liabilities | 750.4 B | 787.9 B |
Pair Trading with Envirotech Vehicles
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 Envirotech Vehicles 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 Envirotech Vehicles will appreciate offsetting losses from the drop in the long position's value.Moving together with Envirotech Stock
Moving against Envirotech Stock
The ability to find closely correlated positions to Envirotech Vehicles could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envirotech Vehicles 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 Envirotech Vehicles - 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 Envirotech Vehicles to buy it.
The correlation of Envirotech Vehicles 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 Envirotech Vehicles moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envirotech Vehicles 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 Envirotech Vehicles 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.Additional Tools for Envirotech Stock Analysis
When running Envirotech Vehicles' price analysis, check to measure Envirotech Vehicles' 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 Envirotech Vehicles is operating at the current time. Most of Envirotech Vehicles' value examination focuses on studying past and present price action to predict the probability of Envirotech Vehicles' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envirotech Vehicles' price. Additionally, you may evaluate how the addition of Envirotech Vehicles to your portfolios can decrease your overall portfolio volatility.