Clearfield Accounts Payable vs Net Working Capital Analysis
CLFD Stock | USD 30.12 0.22 0.74% |
Clearfield financial indicator trend analysis is way more than just evaluating Clearfield prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clearfield is a good investment. Please check the relationship between Clearfield Accounts Payable and its Net Working Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.
Accounts Payable vs Net Working Capital
Accounts Payable vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clearfield Accounts Payable account and Net Working Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Clearfield's Accounts Payable and Net Working Capital is 0.51. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Clearfield, assuming nothing else is changed. The correlation between historical values of Clearfield's Accounts Payable and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Clearfield are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Accounts Payable i.e., Clearfield's Accounts Payable and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.51 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Accounts Payable
An accounting item on the balance sheet that represents Clearfield obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Clearfield are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Net Working Capital
Most indicators from Clearfield's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clearfield 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 Clearfield. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. For information on how to trade Clearfield Stock refer to our How to Trade Clearfield Stock guide.At present, Clearfield's Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to about 157.3 M, whereas Enterprise Value Multiple is projected to grow to (1.65).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 112.9M | 85.3M | 98.1M | 103.0M | Total Revenue | 270.9M | 268.7M | 309.0M | 324.5M |
Clearfield fundamental ratios Correlations
Click cells to compare fundamentals
Clearfield Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clearfield fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 95.3M | 125.9M | 229.1M | 355.5M | 408.8M | 429.3M | |
Other Current Liab | 6.1M | 10.3M | 19.8M | 8.0M | 9.2M | 9.6M | |
Total Current Liabilities | 10.4M | 20.5M | 51.7M | 29.0M | 33.4M | 35.0M | |
Total Stockholder Equity | 82.8M | 103.8M | 147.6M | 315.2M | 362.4M | 380.6M | |
Property Plant And Equipment Net | 7.6M | 7.3M | 31.5M | 35.4M | 40.7M | 42.7M | |
Net Debt | (13.7M) | (10.7M) | 20.2M | (15.1M) | (13.6M) | (12.9M) | |
Retained Earnings | 25.1M | 45.4M | 94.8M | 127.3M | 146.4M | 153.8M | |
Cash | 16.4M | 13.2M | 16.7M | 37.8M | 43.5M | 45.7M | |
Non Current Assets Total | 42.8M | 54.4M | 69.0M | 59.3M | 68.2M | 71.6M | |
Cash And Short Term Investments | 27.0M | 23.6M | 22.5M | 168.1M | 193.3M | 203.0M | |
Net Receivables | 10.5M | 19.4M | 53.7M | 28.4M | 32.7M | 34.3M | |
Common Stock Shares Outstanding | 13.6M | 13.8M | 13.9M | 15.0M | 17.3M | 12.1M | |
Liabilities And Stockholders Equity | 95.3M | 125.9M | 229.1M | 355.5M | 408.8M | 429.3M | |
Inventory | 14.4M | 27.5M | 82.2M | 98.1M | 112.8M | 118.4M | |
Other Current Assets | 585.4K | 953.9K | 1.8M | 1.7M | 1.9M | 2.0M | |
Other Stockholder Equity | 57.5M | 58.2M | 54.5M | 188.2M | 216.5M | 227.3M | |
Total Liab | 12.5M | 22.1M | 81.5M | 40.4M | 46.4M | 48.7M | |
Property Plant And Equipment Gross | 7.6M | 7.3M | 18.2M | 35.4M | 40.7M | 42.7M | |
Total Current Assets | 52.5M | 71.5M | 160.1M | 296.3M | 340.7M | 357.7M | |
Non Currrent Assets Other | 266.9K | 419.0K | 581K | 1.9M | 2.2M | 2.3M | |
Non Current Liabilities Total | 2.1M | 1.6M | 29.9M | 11.4M | 13.1M | 13.7M | |
Accounts Payable | 3.7M | 9.2M | 24.1M | 8.9M | 10.2M | 10.7M | |
Other Assets | 210.9K | 445.0K | 784.4K | (1K) | (900.0) | (855.0) | |
Common Stock Total Equity | 136.4K | 136.5K | 137.3K | 138K | 158.7K | 138.4K | |
Common Stock | 136.5K | 137.3K | 138K | 153K | 176.0K | 138.1K | |
Property Plant Equipment | 5.4M | 5.1M | 7.3M | 31.5M | 36.2M | 38.0M | |
Short Term Investments | 10.6M | 10.4M | 5.8M | 130.3M | 149.8M | 157.3M | |
Intangible Assets | 4.8M | 4.7M | 6.4M | 6.1M | 7.0M | 7.4M | |
Net Tangible Assets | 74.9M | 73.2M | 94.4M | 134.8M | 155.0M | 162.8M | |
Retained Earnings Total Equity | 17.8M | 25.1M | 45.4M | 94.8M | 109.0M | 114.5M | |
Capital Surpluse | 57.0M | 57.5M | 58.2M | 54.5M | 62.7M | 61.4M | |
Long Term Investments | 25.1M | 36.9M | 22.7M | 6.3M | 7.3M | 6.9M |
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 against Clearfield Stock
0.49 | CSCO | Cisco Systems Report 15th 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Clearfield. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
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.