By analyzing existing basic indicators between Shoe Carnival and INDITEX, you can compare the effects of market volatilities on both companies' prices and check if they can diversify away market risk if combined in one of your portfolios. You can also utilize pair trading strategies for matching a long position in INDITEX with a short position in Shoe Carnival. Check out our
pair correlation module for more information.
Let's begin by analyzing the assets. The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Shoe Carnival has an asset utilization ratio of 200.13 percent. This denotes that the company is making $2.0 for each dollar of assets. An increasing asset utilization means that Shoe Carnival is more efficient with each dollar of assets it utilizes for everyday operations.
Out of tens of thousands of stocks, funds, and ETFs that trade on global exchanges each represent an individual company which you can analyze using comparative analysis. To determine which one of the two entities, such as Shoe or Hibbett is a better fit for your portfolio, analyzing a few basic fundamental indicators is a good first step.
understanding Shoe Carnival dividends
A dividend is the distribution of a portion of Shoe Carnival earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Shoe Carnival dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. Shoe one year expected dividend income is about USD0.31 per share.
At this time, Shoe Carnival's
Dividend Yield is quite stable compared to the past year.
Dividend Payout Ratio is expected to rise to 1.03 this year, although the value of
Dividends Paid will most likely fall to about 7.5
M.
Investing in dividend-paying stocks, such as Shoe Carnival is one of the few strategies that are good for long-term investment. Ex-dividend dates are significant because investors in Shoe Carnival must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Shoe Carnival. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.
How important is Shoe Carnival's Liquidity
Shoe Carnival
financial leverage refers to using borrowed capital as a funding source to finance Shoe Carnival ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Shoe Carnival financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Shoe Carnival's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Shoe Carnival's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the
breakdown between Shoe Carnival's total debt and its cash.
Correlation Between Shoe and Hibbett Sports
In general, Stock analysis is a method for investors and traders to make individual buying and selling decisions. Stock correlation analysis is also essential because it can help investors realize that they may not be as diversified as they think. Risk management strategies are usually required to make sure all portfolios are properly aligned against their risk tolerance level. You can consider holding Shoe Carnival together with similar or unrelated positions with a negative correlation. For example, you can also add Hibbett Sports to your portfolio. If Hibbett Sports is not perfectly correlated to Shoe Carnival it will diversify some of the market risks out of the positively correlated stocks in your portfolio. However, the disadvantage of this sort of hedging is that it can potentially affect your investment returns throughout market cycles. When Shoe Carnival, for example, performs excellent and delivers stable returns, the negatively correlated position you locked in as a hedge may drag your returns down.
Are you currently holding both Shoe Carnival and Hibbett Sports in your portfolio? Please note if you are using this as a pair-trade strategy between Shoe Carnival and Hibbett Sports, watch out for correlation discrepancy over time. Relying on the historical price correlations and assuming that it will not change may lead to short-term losses. Please check
pair correlation details between SCVL and HIBB for more information.
Another angle On Shoe Carnival
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Revenue Breakdown
Let me now analyze Shoe Carnival revenue. Based on the latest financial disclosure, Shoe Carnival reported 962.81
M of revenue. This is 86.5% lower than that of the Consumer Cyclical sector and significantly higher than that of the
Apparel Retail industry. The revenue for all United States stocks is 89.8% higher than that of Shoe Carnival. As for INDITEX IND we see revenue of 30.07
B, which is much higher than that of the Apparel Retail
| SCVL | 962.81 Million | 3.1 |
| Sector | 0.0 | 0.0 |
| IDEXY | 30.07 Billion | 96.9 |
Shoe Carnival has 62 percent chance to pull down below $35 in 30 days
The semi deviation is down to 2.64 as of today. Shoe Carnival currently demonstrates below-verage downside deviation. It has Information Ratio of 0.09 and Jensen Alpha of 0.41. However, we do advice investors to further question Shoe Carnival expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk.
Our Takeaway on Shoe Carnival Investment
While many of the other players under the apparel retail industry are still a bit expensive, Shoe Carnival may offer a potential longer-term growth to stakeholders. While some stakeholders may not share our view we believe that the current risk-reward utility is not appealing enough to do any trading. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Shoe Carnival.
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Raphi Shpitalnik is a Junior Member of Macroaxis Editorial Board. Raphael is a young entrepreneur who joined Macroaxis on a part-time basis at the beginning of the pandemic and eventually acquired a real taste for investing and fintech. He likes to analyze different equity instruments across a wide range of industries, focusing primarily on consumer products, sports, fintech, cannabis, and AI.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Shoe Carnival. Please refer to our
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