Clearfield Stock Filter Stocks by Fundamentals
| CLFD Stock | USD 29.51 0.08 0.27% |
Clearfield fundamentals help investors to digest information that contributes to Clearfield's financial success or failures. It also enables traders to predict the movement of Clearfield Stock. The fundamental analysis module provides a way to measure Clearfield's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Clearfield stock.
Clearfield | Price to Earning |
Clearfield Current Valuation Drivers
We derive many important indicators used in calculating different scores of Clearfield from analyzing Clearfield's financial statements. These drivers represent accounts that assess Clearfield's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Clearfield's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 275.2M | 605.8M | 1.4B | 429.2M | 23.2M | 22.0M | |
| Enterprise Value | 261.5M | 595.1M | 1.5B | 414.2M | 15.6M | 14.8M |
Clearfield Fundamentals
| Return On Equity | 0.0438 | ||||
| Return On Asset | 0.0204 | ||||
| Profit Margin | 0.06 % | ||||
| Operating Margin | (0.24) % | ||||
| Current Valuation | 289.51 M | ||||
| Shares Outstanding | 14.71 M | ||||
| Shares Owned By Insiders | 16.14 % | ||||
| Shares Owned By Institutions | 61.83 % | ||||
| Number Of Shares Shorted | 2.12 M | ||||
| Price To Earning | 36.81 X | ||||
| Price To Book | 1.48 X | ||||
| Price To Sales | 2.05 X | ||||
| Revenue | 268.72 M | ||||
| Gross Profit | 112.95 M | ||||
| EBITDA | 43.34 M | ||||
| Net Income | 32.53 M | ||||
| Cash And Equivalents | 22.45 M | ||||
| Cash Per Share | 1.62 X | ||||
| Total Debt | 22.77 M | ||||
| Debt To Equity | 0.25 % | ||||
| Current Ratio | 3.10 X | ||||
| Book Value Per Share | 20.09 X | ||||
| Cash Flow From Operations | 20.01 M | ||||
| Short Ratio | 9.13 X | ||||
| Earnings Per Share | 0.81 X | ||||
| Target Price | 33.5 | ||||
| Number Of Employees | 400 | ||||
| Beta | 1.34 | ||||
| Market Capitalization | 432.82 M | ||||
| Total Asset | 355.52 M | ||||
| Retained Earnings | 127.34 M | ||||
| Working Capital | 267.25 M | ||||
| Current Asset | 51.11 M | ||||
| Current Liabilities | 7.35 M | ||||
| Net Asset | 355.52 M |
About Clearfield Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Clearfield's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clearfield using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clearfield based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Clearfield in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Clearfield's short interest history, or implied volatility extrapolated from Clearfield options trading.
Pair Trading with Clearfield
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 Clearfield 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 Clearfield will appreciate offsetting losses from the drop in the long position's value.Moving together with Clearfield Stock
| 0.68 | AVNW | Aviat Networks Earnings Call This Week | PairCorr |
Moving against Clearfield Stock
| 0.64 | CSCO | Cisco Systems Fiscal Quarter End 30th of April 2024 | PairCorr |
| 0.54 | AAPL | Apple Inc Report 2nd of May 2024 | PairCorr |
| 0.49 | DZSI | DZS Inc Financial Report 13th of May 2024 | PairCorr |
| 0.42 | MX | MagnaChip Semiconductor Financial Report 1st of May 2024 | PairCorr |
The ability to find closely correlated positions to Clearfield could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clearfield 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 Clearfield - 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 Clearfield to buy it.
The correlation of Clearfield 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 Clearfield moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clearfield 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 Clearfield 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 Clearfield Piotroski F Score and Clearfield Altman Z Score analysis. For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.Note that the Clearfield information on this page should be used as a complementary analysis to other Clearfield's 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Clearfield Stock analysis
When running Clearfield's price analysis, check to measure Clearfield'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 Clearfield is operating at the current time. Most of Clearfield's value examination focuses on studying past and present price action to predict the probability of Clearfield's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clearfield's price. Additionally, you may evaluate how the addition of Clearfield to your portfolios can decrease your overall portfolio volatility.
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Is Clearfield'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 Clearfield. If investors know Clearfield 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 Clearfield 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 (0.85) | Earnings Share 0.81 | Revenue Per Share 14.241 | Quarterly Revenue Growth (0.60) | Return On Assets 0.0204 |
The market value of Clearfield is measured differently than its book value, which is the value of Clearfield that is recorded on the company's balance sheet. Investors also form their own opinion of Clearfield's value that differs from its market value or its book value, called intrinsic value, which is Clearfield'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 Clearfield's market value can be influenced by many factors that don't directly affect Clearfield'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 Clearfield's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clearfield is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clearfield'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.