Calavo Quick Ratio from 2010 to 2024
| CVGW Stock | USD 27.38 0.73 2.60% |
Quick Ratio | First Reported 2010-12-31 | Previous Quarter 0.91 | Current Value 0.89 | Quarterly Volatility 0.0988039 |
Check Calavo Growers financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Calavo main balance sheet or income statement drivers, such as Interest Expense of 3 M, Total Revenue of 693 M or Gross Profit of 73.7 M, as well as many exotic indicators such as Price To Sales Ratio of 0.6, Dividend Yield of 0.0255 or PTB Ratio of 2.95. Calavo financial statements analysis is a perfect complement when working with Calavo Growers Valuation or Volatility modules.
Calavo | Quick Ratio |
Latest Calavo Growers' Quick Ratio Growth Pattern
Below is the plot of the Quick Ratio of Calavo Growers over the last few years. It is a measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities. Calavo Growers' Quick Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Calavo Growers' overall financial position and show how it may be relating to other accounts over time.
| Quick Ratio | 10 Years Trend |
|
Quick Ratio |
| Timeline |
Calavo Quick Ratio Regression Statistics
| Arithmetic Mean | 0.77 | |
| Geometric Mean | 0.76 | |
| Coefficient Of Variation | 12.83 | |
| Mean Deviation | 0.08 | |
| Median | 0.77 | |
| Standard Deviation | 0.1 | |
| Sample Variance | 0.01 | |
| Range | 0.3432 | |
| R-Value | 0.30 | |
| Mean Square Error | 0.01 | |
| R-Squared | 0.09 | |
| Significance | 0.28 | |
| Slope | 0.01 | |
| Total Sum of Squares | 0.14 |
Calavo Quick Ratio History
About Calavo Growers Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Calavo Growers income statement, its balance sheet, and the statement of cash flows. Calavo Growers investors use historical funamental indicators, such as Calavo Growers's Quick Ratio, to determine how well the company is positioned to perform in the future. Although Calavo Growers investors may use each financial statement separately, they are all related. The changes in Calavo Growers's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Calavo Growers'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 Calavo Growers Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Calavo Growers. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Quick Ratio | 0.91 | 0.89 |
Pair Trading with Calavo Growers
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 Calavo Growers 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 Calavo Growers will appreciate offsetting losses from the drop in the long position's value.Moving against Calavo Stock
| 0.62 | VDKB | Vodka Brands Corp | PairCorr |
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| 0.44 | CPB | Campbell Soup Financial Report 5th of June 2024 | PairCorr |
The ability to find closely correlated positions to Calavo Growers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calavo Growers 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 Calavo Growers - 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 Calavo Growers to buy it.
The correlation of Calavo Growers 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 Calavo Growers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Calavo Growers 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 Calavo Growers 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 Calavo Growers Correlation against competitors. For more information on how to buy Calavo Stock please use our How to Invest in Calavo Growers guide.Note that the Calavo Growers information on this page should be used as a complementary analysis to other Calavo Growers' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Calavo Stock analysis
When running Calavo Growers' price analysis, check to measure Calavo Growers' 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 Calavo Growers is operating at the current time. Most of Calavo Growers' value examination focuses on studying past and present price action to predict the probability of Calavo Growers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calavo Growers' price. Additionally, you may evaluate how the addition of Calavo Growers to your portfolios can decrease your overall portfolio volatility.
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Is Calavo Growers' 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 Calavo Growers. If investors know Calavo 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 Calavo Growers 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 4.286 | Dividend Share 0.4 | Earnings Share (0.58) | Revenue Per Share 54.371 | Quarterly Revenue Growth (0.04) |
The market value of Calavo Growers is measured differently than its book value, which is the value of Calavo that is recorded on the company's balance sheet. Investors also form their own opinion of Calavo Growers' value that differs from its market value or its book value, called intrinsic value, which is Calavo Growers' 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 Calavo Growers' market value can be influenced by many factors that don't directly affect Calavo Growers' 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 Calavo Growers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Calavo Growers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Calavo Growers' 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.