Clorox Cash from 2010 to 2024
| CLX Stock | USD 141.56 1.14 0.81% |
Cash | First Reported 1986-06-30 | Previous Quarter 355 M | Current Value 219 M | Quarterly Volatility 173.8 M |
Check Clorox financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Clorox main balance sheet or income statement drivers, such as Interest Expense of 108.7 M, Selling General Administrative of 812.3 M or Total Revenue of 4.6 B, as well as many exotic indicators such as Price To Sales Ratio of 1.85, Dividend Yield of 0.0286 or PTB Ratio of 84.43. Clorox financial statements analysis is a perfect complement when working with Clorox Valuation or Volatility modules.
Clorox | Cash |
Latest Clorox's Cash Growth Pattern
Below is the plot of the Cash of The Clorox over the last few years. Cash refers to the most liquid asset of Clorox, which is listed under current asset account on The Clorox balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Clorox customers. The amounts must be unrestricted with restricted cash listed in a different Clorox account. It is the total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts. Clorox's Cash historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Clorox's overall financial position and show how it may be relating to other accounts over time.
| Cash | 10 Years Trend |
|
Cash |
| Timeline |
Clorox Cash Regression Statistics
| Arithmetic Mean | 330,241,719 | |
| Geometric Mean | 292,503,673 | |
| Coefficient Of Variation | 54.56 | |
| Mean Deviation | 117,279,958 | |
| Median | 319,000,000 | |
| Standard Deviation | 180,171,201 | |
| Sample Variance | 32461.7T | |
| Range | 760M | |
| R-Value | 0.13 | |
| Mean Square Error | 34396T | |
| R-Squared | 0.02 | |
| Significance | 0.65 | |
| Slope | 5,111,180 | |
| Total Sum of Squares | 454463.3T |
Clorox Cash History
Other Fundumenentals of Clorox
Clorox Cash component correlations
Click cells to compare fundamentals
About Clorox Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Clorox income statement, its balance sheet, and the statement of cash flows. Clorox investors use historical funamental indicators, such as Clorox's Cash, to determine how well the company is positioned to perform in the future. Although Clorox investors may use each financial statement separately, they are all related. The changes in Clorox's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Clorox'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 Clorox Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Clorox. Please read more on our technical analysis and fundamental analysis pages.
Pair Trading with Clorox
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 Clorox 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 Clorox will appreciate offsetting losses from the drop in the long position's value.Moving together with Clorox Stock
| 0.67 | EL | Estee Lauder Companies Fiscal Year End 16th of August 2024 | PairCorr |
Moving against Clorox Stock
| 0.57 | KMB | Kimberly Clark Financial Report 23rd of July 2024 | PairCorr |
| 0.57 | YSG | Yatsen Holding Financial Report 21st of May 2024 | PairCorr |
| 0.49 | CL | Colgate Palmolive Financial Report 26th of July 2024 | PairCorr |
| 0.47 | PURE | Pure Bioscience | PairCorr |
The ability to find closely correlated positions to Clorox could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clorox 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 Clorox - 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 The Clorox to buy it.
The correlation of Clorox 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 Clorox moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clorox 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 Clorox 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.Check out the analysis of Clorox Correlation against competitors. You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Clorox Stock analysis
When running Clorox's price analysis, check to measure Clorox'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 Clorox is operating at the current time. Most of Clorox's value examination focuses on studying past and present price action to predict the probability of Clorox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clorox's price. Additionally, you may evaluate how the addition of Clorox to your portfolios can decrease your overall portfolio volatility.
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Is Clorox'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 Clorox. If investors know Clorox 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 Clorox 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 (0.06) | Dividend Share 4.8 | Earnings Share 1.94 | Revenue Per Share 58.111 | Quarterly Revenue Growth (0.05) |
The market value of Clorox is measured differently than its book value, which is the value of Clorox that is recorded on the company's balance sheet. Investors also form their own opinion of Clorox's value that differs from its market value or its book value, called intrinsic value, which is Clorox'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 Clorox's market value can be influenced by many factors that don't directly affect Clorox'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 Clorox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clorox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clorox'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.