Envela Average Inventory from 2010 to 2024

ELA Stock  USD 4.47  0.15  3.25%   
Envela Corp's Average Inventory is increasing over the years with slightly volatile fluctuation. Average Inventory is expected to dwindle to about 8.8 M. Average Inventory is the average amount of inventory Envela Corp holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. View All Fundamentals
 
Average Inventory  
First Reported
2010-12-31
Previous Quarter
14.8 M
Current Value
8.8 M
Quarterly Volatility
2.6 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Envela Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Envela main balance sheet or income statement drivers, such as Depreciation And Amortization of 1.4 M, Interest Expense of 350.2 K or Total Revenue of 180.3 M, as well as many exotic indicators such as Price To Sales Ratio of 0.87, Dividend Yield of 0.0 or PTB Ratio of 2.56. Envela financial statements analysis is a perfect complement when working with Envela Corp Valuation or Volatility modules.
  
This module can also supplement Envela Corp's financial leverage analysis and stock options assessment as well as various Envela Corp Technical models . Check out the analysis of Envela Corp Correlation against competitors.
For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.

Latest Envela Corp's Average Inventory Growth Pattern

Below is the plot of the Average Inventory of Envela Corp over the last few years. It is the average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels. Envela Corp's Average Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Envela Corp's overall financial position and show how it may be relating to other accounts over time.
Average Inventory10 Years Trend
Slightly volatile
   Average Inventory   
       Timeline  

Envela Average Inventory Regression Statistics

Arithmetic Mean10,858,074
Geometric Mean10,589,784
Coefficient Of Variation23.54
Mean Deviation1,880,047
Median10,354,832
Standard Deviation2,556,016
Sample Variance6.5T
Range10.1M
R-Value0.34
Mean Square Error6.2T
R-Squared0.11
Significance0.22
Slope193,775
Total Sum of Squares91.5T

Envela Average Inventory History

20248.8 M
202314.8 M
202216.4 M
202112 M
20169.8 M
201210.4 M
201114.3 M

About Envela Corp Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Envela Corp income statement, its balance sheet, and the statement of cash flows. Envela Corp investors use historical funamental indicators, such as Envela Corp's Average Inventory, to determine how well the company is positioned to perform in the future. Although Envela Corp investors may use each financial statement separately, they are all related. The changes in Envela Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Envela Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Envela Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Envela Corp. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Average Inventory14.8 M8.8 M

Pair Trading with Envela Corp

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 Envela Corp 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 Envela Corp will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Envela Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Envela Corp 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 Envela Corp - 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 Envela Corp to buy it.
The correlation of Envela Corp 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 Envela Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Envela Corp 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 Envela Corp 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.
Pair CorrelationCorrelation Matching
When determining whether Envela Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Envela Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Envela Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Envela Corp Stock:
Check out the analysis of Envela Corp Correlation against competitors.
For information on how to trade Envela Stock refer to our How to Trade Envela Stock guide.
You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Envela Stock analysis

When running Envela Corp's price analysis, check to measure Envela Corp'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 Envela Corp is operating at the current time. Most of Envela Corp's value examination focuses on studying past and present price action to predict the probability of Envela Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Envela Corp's price. Additionally, you may evaluate how the addition of Envela Corp to your portfolios can decrease your overall portfolio volatility.
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Is Envela Corp'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 Envela Corp. If investors know Envela 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 Envela Corp 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
(0.78)
Earnings Share
0.27
Revenue Per Share
6.4
Quarterly Revenue Growth
(0.23)
Return On Assets
0.0756
The market value of Envela Corp is measured differently than its book value, which is the value of Envela that is recorded on the company's balance sheet. Investors also form their own opinion of Envela Corp's value that differs from its market value or its book value, called intrinsic value, which is Envela Corp'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 Envela Corp's market value can be influenced by many factors that don't directly affect Envela Corp'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 Envela Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Envela Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Envela Corp'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.