Carnival Cost of Revenue vs Price to Sales Ratio Analysis

CCL Stock  USD 17.03  0.08  0.47%   
Carnival financial indicator trend analysis is way more than just evaluating Carnival prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Carnival is a good investment. Please check the relationship between Carnival Cost Of Revenue and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.

Cost Of Revenue vs Price To Sales Ratio

Cost of Revenue vs Price to Sales Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Carnival Cost of Revenue account and Price to Sales Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Carnival's Cost of Revenue and Price to Sales Ratio is -0.67. Overlapping area represents the amount of variation of Cost of Revenue that can explain the historical movement of Price to Sales Ratio in the same time period over historical financial statements of Carnival, assuming nothing else is changed. The correlation between historical values of Carnival's Cost of Revenue and Price to Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost of Revenue of Carnival are associated (or correlated) with its Price to Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price to Sales Ratio has no effect on the direction of Cost of Revenue i.e., Carnival's Cost of Revenue and Price to Sales Ratio go up and down completely randomly.

Correlation Coefficient

-0.67
Relationship DirectionNegative 
Relationship StrengthWeak

Cost Of Revenue

Cost of Revenue is found on Carnival income statement and represents the costs associated with goods and services Carnival provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Carnival stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Carnival sales, a figure that is much harder to manipulate than other Carnival multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.
Most indicators from Carnival's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Carnival 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.Selling General Administrative is expected to rise to about 3.6 B this year, although the value of Tax Provision will most likely fall to about 11.1 M.
 2021 2022 2023 2024 (projected)
Total Operating Expenses4.8B5.3B6.1B6.4B
Cost Of Revenue11.8B14.3B16.5B17.3B

Carnival fundamental ratios Correlations

0.780.680.940.150.990.77-0.090.520.980.550.520.50.670.770.860.60.690.830.950.690.630.770.830.73-0.14
0.780.330.83-0.490.740.98-0.670.680.670.610.680.230.81.00.670.730.840.990.780.870.580.270.820.65-0.71
0.680.330.670.30.730.40.17-0.030.760.3-0.030.580.670.350.720.370.40.420.650.140.260.860.610.650.29
0.940.830.67-0.060.960.86-0.270.370.930.40.370.50.740.830.950.80.710.890.910.60.460.620.950.9-0.26
0.15-0.490.3-0.060.17-0.50.94-0.250.27-0.14-0.250.27-0.43-0.510.08-0.39-0.37-0.430.09-0.340.010.59-0.22-0.120.9
0.990.740.730.960.170.76-0.070.380.990.430.380.580.670.740.930.670.680.810.930.580.50.790.880.82-0.08
0.770.980.40.86-0.50.76-0.690.530.690.520.530.330.830.990.740.820.860.990.760.760.450.290.890.76-0.67
-0.09-0.670.17-0.270.94-0.07-0.69-0.330.03-0.22-0.330.0-0.56-0.69-0.16-0.56-0.65-0.62-0.13-0.47-0.050.38-0.43-0.290.9
0.520.68-0.030.37-0.250.380.53-0.330.340.721.0-0.230.40.630.110.110.440.60.560.950.90.120.22-0.02-0.59
0.980.670.760.930.270.990.690.030.340.430.340.60.620.670.910.60.630.740.920.530.490.840.830.780.03
0.550.610.30.4-0.140.430.52-0.220.720.430.72-0.070.510.570.18-0.050.430.550.560.760.750.320.270.08-0.34
0.520.68-0.030.37-0.250.380.53-0.331.00.340.72-0.230.40.630.110.10.430.60.560.950.90.110.22-0.02-0.59
0.50.230.580.50.270.580.330.0-0.230.6-0.07-0.230.370.260.70.470.540.320.42-0.03-0.110.640.520.580.27
0.670.80.670.74-0.430.670.83-0.560.40.620.510.40.370.820.650.650.790.820.690.60.450.460.770.66-0.46
0.771.00.350.83-0.510.740.99-0.690.630.670.570.630.260.820.680.760.860.990.760.840.530.270.840.68-0.71
0.860.670.720.950.080.930.74-0.160.110.910.180.110.70.650.680.810.660.760.80.360.240.680.930.94-0.06
0.60.730.370.8-0.390.670.82-0.560.110.6-0.050.10.470.650.760.810.690.790.550.360.040.230.910.89-0.47
0.690.840.40.71-0.370.680.86-0.650.440.630.430.430.540.790.860.660.690.850.660.640.330.410.770.61-0.49
0.830.990.420.89-0.430.810.99-0.620.60.740.550.60.320.820.990.760.790.850.820.810.530.350.890.75-0.64
0.950.780.650.910.090.930.76-0.130.560.920.560.560.420.690.760.80.550.660.820.70.660.710.780.68-0.17
0.690.870.140.6-0.340.580.76-0.470.950.530.760.95-0.030.60.840.360.360.640.810.70.850.220.490.26-0.67
0.630.580.260.460.010.50.45-0.050.90.490.750.9-0.110.450.530.240.040.330.530.660.850.380.240.05-0.32
0.770.270.860.620.590.790.290.380.120.840.320.110.640.460.270.680.230.410.350.710.220.380.50.490.45
0.830.820.610.95-0.220.880.89-0.430.220.830.270.220.520.770.840.930.910.770.890.780.490.240.50.96-0.34
0.730.650.650.9-0.120.820.76-0.29-0.020.780.08-0.020.580.660.680.940.890.610.750.680.260.050.490.96-0.17
-0.14-0.710.29-0.260.9-0.08-0.670.9-0.590.03-0.34-0.590.27-0.46-0.71-0.06-0.47-0.49-0.64-0.17-0.67-0.320.45-0.34-0.17
Click cells to compare fundamentals

Carnival Account Relationship Matchups

Carnival fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets53.6B53.3B51.7B49.1B56.5B59.3B
Short Long Term Debt Total28.4B34.6B35.9B31.9B36.7B38.5B
Other Current Liab1.1B1.6B1.9B2.0B2.3B1.3B
Total Current Liabilities8.7B10.4B10.6B11.5B13.2B13.9B
Total Stockholder Equity20.6B12.1B7.1B6.9B7.9B13.4B
Property Plant And Equipment Net39.4B39.4B40.0B41.4B47.6B50.0B
Net Debt18.9B25.7B31.9B29.5B33.9B35.6B
Retained Earnings16.1B6.4B269M185M212.8M202.1M
Cash9.5B8.9B4.0B2.4B2.8B2.9B
Non Current Assets Total43.0B43.2B44.2B43.9B50.4B53.0B
Non Currrent Assets Other1.6B2.0B2.5B725M833.8M576.1M
Cash And Short Term Investments9.5B9.1B4.0B2.4B2.8B2.9B
Net Receivables273M246M395M556M639.4M671.4M
Common Stock Shares Outstanding775M1.1B1.2B1.3B1.5B837.5M
Liabilities And Stockholders Equity53.6B53.3B51.7B49.1B56.5B59.3B
Non Current Liabilities Total24.4B30.8B34.0B30.8B35.4B37.1B
Inventory335M356M428M528M607.2M637.6M
Other Current Assets442M392M652M1.8B2.0B2.1B
Other Stockholder Equity5.5B6.8B8.4B8.3B9.5B10.0B
Total Liab33.0B41.2B44.6B42.2B48.6B51.0B
Property Plant And Equipment Gross39.4B57.3B40.0B41.4B47.6B50.0B
Total Current Assets10.6B10.1B7.5B5.3B6.1B6.4B
Accumulated Other Comprehensive Income(1.4B)(1.5B)(2.0B)(1.9B)(1.7B)(1.7B)
Short Term Debt5.0B4.9B2.7B2.2B2.6B1.3B
Intangible Assets1.2B1.2B1.2B1.2B1.3B1.1B
Accounts Payable624M797M1.1B1.2B1.3B1.4B
Current Deferred Revenue1.9B3.1B4.9B6.1B7.0B7.3B
Good Will2.9B2.9B807M579M665.9M632.6M
Other Liab949M1.0B891M1.1B1.3B799.7M
Long Term Debt22.1B28.5B32.0B28.5B32.8B34.4B
Treasury Stock(7.8B)(8.4B)(8.4B)(8.5B)(7.6B)(7.2B)
Property Plant Equipment38.1B38.1B38.7B41.4B47.6B31.3B
Net Tangible Assets19.8B11.6B6.5B5.1B4.6B4.4B
Long Term Debt Total9.7B22.1B28.5B32.0B36.7B38.6B
Capital Surpluse8.8B13.9B15.3B16.9B19.4B11.4B
Non Current Liabilities Other891M949M1.0B1.1B1.3B977.4M

Carnival Investors Sentiment

The influence of Carnival's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Carnival. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Carnival's public news can be used to forecast risks associated with an investment in Carnival. The trend in average sentiment can be used to explain how an investor holding Carnival can time the market purely based on public headlines and social activities around Carnival. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Carnival's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carnival's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Carnival's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Carnival.

Carnival Implied Volatility

    
  99.39  
Carnival's implied volatility exposes the market's sentiment of Carnival stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Carnival's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Carnival stock will not fluctuate a lot when Carnival's options are near their expiration.
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 Carnival 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, Carnival's short interest history, or implied volatility extrapolated from Carnival options trading.

Pair Trading with Carnival

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 Carnival 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 Carnival will appreciate offsetting losses from the drop in the long position's value.

Moving against Carnival Stock

  0.56DKNG DraftKings Downward RallyPairCorr
  0.54WING Wingstop Financial Report 1st of May 2024 PairCorr
The ability to find closely correlated positions to Carnival could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carnival 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 Carnival - 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 Carnival to buy it.
The correlation of Carnival 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 Carnival moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carnival 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 Carnival 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.
Pair CorrelationCorrelation Matching
When determining whether Carnival is a strong investment it is important to analyze Carnival's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Carnival's future performance. For an informed investment choice regarding Carnival Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Carnival. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
For more information on how to buy Carnival Stock please use our How to buy in Carnival Stock guide.
Note that the Carnival information on this page should be used as a complementary analysis to other Carnival'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

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When running Carnival's price analysis, check to measure Carnival'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 Carnival is operating at the current time. Most of Carnival's value examination focuses on studying past and present price action to predict the probability of Carnival's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carnival's price. Additionally, you may evaluate how the addition of Carnival to your portfolios can decrease your overall portfolio volatility.
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Is Carnival'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 Carnival. If investors know Carnival 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 Carnival 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
(0.14)
Earnings Share
(0.06)
Revenue Per Share
17.11
Quarterly Revenue Growth
0.406
Return On Assets
0.0241
The market value of Carnival is measured differently than its book value, which is the value of Carnival that is recorded on the company's balance sheet. Investors also form their own opinion of Carnival's value that differs from its market value or its book value, called intrinsic value, which is Carnival'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 Carnival's market value can be influenced by many factors that don't directly affect Carnival'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 Carnival's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carnival is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carnival'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.