Dave Other Stockholder Equity vs Short Term Investments Analysis
| DAVE Stock | USD 49.19 0.76 1.52% |
Dave financial indicator trend analysis is much more than just examining Dave Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dave Inc is a good investment. Please check the relationship between Dave Other 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 Dave Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Other Stockholder Equity vs Short Term Investments
Other 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 Dave Inc Other Stockholder Equity account and Short Term Investments. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Dave's Other Stockholder Equity and Short Term Investments is 0.88. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Dave Inc, assuming nothing else is changed. The correlation between historical values of Dave's Other 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 Other Stockholder Equity of Dave Inc 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 Other Stockholder Equity i.e., Dave's Other Stockholder Equity and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.88 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Other Stockholder Equity
Short Term Investments
Short Term Investments is an item under the current assets section of Dave balance sheet. It contains any investments Dave Inc undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Dave Inc can easily liquidate in the marketplace.Most indicators from Dave's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dave Inc 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 Dave Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. The current year's Tax Provision is expected to grow to about 129.6 K, whereas Selling General Administrative is forecasted to decline to about 61.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 129.5M | 172.9M | 135.3M | 131.7M | Total Revenue | 153M | 204.8M | 259.1M | 179.3M |
Dave fundamental ratios Correlations
Click cells to compare fundamentals
Dave 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 Dave Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
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When running Dave's price analysis, check to measure Dave'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 Dave is operating at the current time. Most of Dave's value examination focuses on studying past and present price action to predict the probability of Dave's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dave's price. Additionally, you may evaluate how the addition of Dave to your portfolios can decrease your overall portfolio volatility.
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Is Dave'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 Dave. If investors know Dave 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 Dave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.28) | Revenue Per Share 22.727 | Quarterly Revenue Growth 0.249 | Return On Assets (0.09) | Return On Equity (0.50) |
The market value of Dave Inc is measured differently than its book value, which is the value of Dave that is recorded on the company's balance sheet. Investors also form their own opinion of Dave's value that differs from its market value or its book value, called intrinsic value, which is Dave'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 Dave's market value can be influenced by many factors that don't directly affect Dave'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 Dave's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dave is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dave'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.