ENS Stock | | | USD 97.40 0.54 0.56% |
Enersys financial indicator trend analysis is much more than just examining Enersys latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Enersys is a good investment. Please check the relationship between Enersys Total Other Income Expense Net and its Total Revenue accounts. Check out
Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enersys. 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 Enersys Stock please use our
How to Invest in Enersys guide.
Total Other Income Expense Net vs Total Revenue
Total Other Income Expense Net vs Total Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Enersys Total Other Income Expense Net account and
Total Revenue. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Enersys' Total Other Income Expense Net and Total Revenue is -0.33. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Total Revenue in the same time period over historical financial statements of Enersys, assuming nothing else is changed. The correlation between historical values of Enersys' Total Other Income Expense Net and Total Revenue 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 Other Income Expense Net of Enersys are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Total Other Income Expense Net i.e., Enersys' Total Other Income Expense Net and Total Revenue go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Total Other Income Expense Net
Total Revenue
Total revenue comprises all receipts Enersys generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.
Most indicators from Enersys' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Enersys 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 Enersys. 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 Enersys Stock please use our
How to Invest in Enersys guide.At this time, Enersys'
Selling General Administrative is comparatively stable compared to the past year.
Tax Provision is likely to gain to about 35
M in 2024, whereas
Enterprise Value Over EBITDA is likely to drop 7.78 in 2024.
Enersys fundamental ratios Correlations
Click cells to compare fundamentals
Enersys Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Enersys fundamental ratios Accounts
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Additional Tools for Enersys Stock Analysis
When running Enersys' price analysis, check to
measure Enersys' 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 Enersys is operating at the current time. Most of Enersys' value examination focuses on studying past and present price action to
predict the probability of Enersys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enersys' price. Additionally, you may evaluate how the addition of Enersys to your portfolios can decrease your overall portfolio volatility.