Clearfield Total Stockholder Equity vs Capital Surpluse Analysis

CLFD Stock

USD 29.90 0.39 1.32%

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 Total Stockholder Equity and its Capital Surpluse 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.

Total Stockholder Equity vs Capital Surpluse

Total Stockholder Equity vs Capital Surpluse Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clearfield Total Stockholder Equity account and Capital Surpluse. At this time, the significance of the direction appears to have strong relationship.

The correlation between Clearfield's Total Stockholder Equity and Capital Surpluse is 0.68. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Clearfield, assuming nothing else is changed. The correlation between historical values of Clearfield's Total Stockholder Equity and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Clearfield are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Total Stockholder Equity i.e., Clearfield's Total Stockholder Equity and Capital Surpluse go up and down completely randomly.

Correlation Coefficient

0.68

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.

Capital Surpluse

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

Gross Profit Total Revenue

Clearfield fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Non Currrent Assets Other	Non Current Liabilities Total	Short Long Term Debt Total	Short Term Debt	Accounts Payable	Other Assets	Long Term Debt	Common Stock Total Equity
Total Assets		0.63	0.83	0.99	0.98	0.07	0.98	0.88	0.87	0.95	0.8	0.46	0.99	0.14	0.94	0.8	0.99	1.0	0.94	0.71	0.86	0.98	0.65	-0.32	0.75	0.51
Other Current Liab	0.63		0.95	0.54	0.7	0.55	0.69	0.42	0.82	0.35	0.94	0.39	0.7	0.1	0.36	0.94	0.56	0.57	0.38	0.9	0.83	0.59	0.98	-0.31	0.7	0.42
Total Current Liabilities	0.83	0.95		0.76	0.89	0.49	0.87	0.61	0.89	0.61	0.99	0.4	0.89	0.14	0.61	0.99	0.78	0.79	0.65	0.95	0.95	0.81	0.96	-0.31	0.75	0.43
Total Stockholder Equity	0.99	0.54	0.76		0.96	-0.02	0.97	0.9	0.83	0.97	0.73	0.45	0.97	0.14	0.97	0.72	0.99	0.99	0.96	0.62	0.8	0.97	0.56	-0.31	0.73	0.51
Property Plant And Equipment Net	0.98	0.7	0.89	0.96		0.2	0.98	0.84	0.87	0.89	0.87	0.4	1.0	0.12	0.88	0.87	0.98	0.98	0.91	0.81	0.93	0.98	0.74	-0.34	0.74	0.46
Net Debt	0.07	0.55	0.49	-0.02	0.2		0.17	-0.34	0.27	-0.19	0.53	-0.24	0.21	-0.02	-0.2	0.54	0.02	0.03	-0.08	0.62	0.48	0.14	0.64	0.11	0.27	-0.3
Retained Earnings	0.98	0.69	0.87	0.97	0.98	0.17		0.83	0.91	0.89	0.85	0.38	0.99	0.02	0.87	0.84	0.97	0.97	0.91	0.75	0.88	0.96	0.71	-0.39	0.81	0.44
Cash	0.88	0.42	0.61	0.9	0.84	-0.34	0.83		0.67	0.92	0.57	0.53	0.83	0.19	0.92	0.57	0.9	0.9	0.88	0.49	0.66	0.85	0.4	-0.39	0.53	0.63
Non Current Assets Total	0.87	0.82	0.89	0.83	0.87	0.27	0.91	0.67		0.69	0.89	0.53	0.87	-0.05	0.71	0.85	0.82	0.82	0.67	0.75	0.81	0.79	0.81	-0.36	0.89	0.59
Cash And Short Term Investments	0.95	0.35	0.61	0.97	0.89	-0.19	0.89	0.92	0.69		0.57	0.4	0.9	0.17	0.99	0.57	0.97	0.97	0.98	0.47	0.69	0.94	0.37	-0.27	0.61	0.46
Net Receivables	0.8	0.94	0.99	0.73	0.87	0.53	0.85	0.57	0.89	0.57		0.41	0.87	0.11	0.58	0.99	0.75	0.76	0.6	0.95	0.95	0.79	0.97	-0.34	0.72	0.44
Common Stock Shares Outstanding	0.46	0.39	0.4	0.45	0.4	-0.24	0.38	0.53	0.53	0.4	0.41		0.4	0.3	0.49	0.36	0.41	0.43	0.26	0.29	0.33	0.35	0.34	-0.13	0.32	0.96
Inventory	0.99	0.7	0.89	0.97	1.0	0.21	0.99	0.83	0.87	0.9	0.87	0.4		0.15	0.89	0.87	0.98	0.98	0.91	0.8	0.92	0.99	0.74	-0.31	0.75	0.45
Other Current Assets	0.14	0.1	0.14	0.14	0.12	-0.02	0.02	0.19	-0.05	0.17	0.11	0.3	0.15		0.24	0.13	0.12	0.18	0.12	0.14	0.18	0.18	0.11	0.16	-0.16	0.26
Other Stockholder Equity	0.94	0.36	0.61	0.97	0.88	-0.2	0.87	0.92	0.71	0.99	0.58	0.49	0.89	0.24		0.56	0.95	0.96	0.94	0.46	0.68	0.92	0.38	-0.23	0.59	0.56
Total Liab	0.8	0.94	0.99	0.72	0.87	0.54	0.84	0.57	0.85	0.57	0.99	0.36	0.87	0.13	0.56		0.75	0.76	0.61	0.98	0.97	0.8	0.97	-0.3	0.71	0.39
Property Plant And Equipment Gross	0.99	0.56	0.78	0.99	0.98	0.02	0.97	0.9	0.82	0.97	0.75	0.41	0.98	0.12	0.95	0.75		1.0	0.97	0.67	0.84	0.99	0.58	-0.33	0.72	0.47
Total Current Assets	1.0	0.57	0.79	0.99	0.98	0.03	0.97	0.9	0.82	0.97	0.76	0.43	0.98	0.18	0.96	0.76	1.0		0.96	0.68	0.84	0.99	0.6	-0.31	0.71	0.48
Non Currrent Assets Other	0.94	0.38	0.65	0.96	0.91	-0.08	0.91	0.88	0.67	0.98	0.6	0.26	0.91	0.12	0.94	0.61	0.97	0.96		0.53	0.74	0.96	0.42	-0.28	0.6	0.32
Non Current Liabilities Total	0.71	0.9	0.95	0.62	0.81	0.62	0.75	0.49	0.75	0.47	0.95	0.29	0.8	0.14	0.46	0.98	0.67	0.68	0.53		0.96	0.73	0.95	-0.28	0.6	0.31
Short Long Term Debt Total	0.86	0.83	0.95	0.8	0.93	0.48	0.88	0.66	0.81	0.69	0.95	0.33	0.92	0.18	0.68	0.97	0.84	0.84	0.74	0.96		0.89	0.88	-0.28	0.66	0.36
Short Term Debt	0.98	0.59	0.81	0.97	0.98	0.14	0.96	0.85	0.79	0.94	0.79	0.35	0.99	0.18	0.92	0.8	0.99	0.99	0.96	0.73	0.89		0.63	-0.28	0.68	0.4
Accounts Payable	0.65	0.98	0.96	0.56	0.74	0.64	0.71	0.4	0.81	0.37	0.97	0.34	0.74	0.11	0.38	0.97	0.58	0.6	0.42	0.95	0.88	0.63		-0.27	0.67	0.36
Other Assets	-0.32	-0.31	-0.31	-0.31	-0.34	0.11	-0.39	-0.39	-0.36	-0.27	-0.34	-0.13	-0.31	0.16	-0.23	-0.3	-0.33	-0.31	-0.28	-0.28	-0.28	-0.28	-0.27		-0.34	-0.21
Long Term Debt	0.75	0.7	0.75	0.73	0.74	0.27	0.81	0.53	0.89	0.61	0.72	0.32	0.75	-0.16	0.59	0.71	0.72	0.71	0.6	0.6	0.66	0.68	0.67	-0.34		0.35
Common Stock Total Equity	0.51	0.42	0.43	0.51	0.46	-0.3	0.44	0.63	0.59	0.46	0.44	0.96	0.45	0.26	0.56	0.39	0.47	0.48	0.32	0.31	0.36	0.4	0.36	-0.21	0.35

Click cells to compare fundamentals

Clearfield Account Relationship Matchups

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 together with Clearfield Stock

0.67

CDW

CDW Corp Financial Report 1st of May 2024

Pair Corr

Moving against Clearfield Stock

0.55	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.44	AAPL	Apple Inc Earnings Call This Week	Pair Corr
0.42	LPL	LG Display Financial Report 20th of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Clearfield is a strong investment it is important to analyze Clearfield'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 Clearfield's future performance. For an informed investment choice regarding Clearfield Stock, refer to the following important reports:

How To Invest In Clearfield

Details

Is Clearfield Stock a good investment?

Details

What is Clearfield's Net Worth?

Details

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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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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.

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Clearfield Total Stockholder Equity vs Capital Surpluse Analysis

Total Stockholder Equity vs Capital Surpluse

Total Stockholder Equity vs Capital Surpluse Correlation Analysis

Correlation Coefficient

Total Stockholder Equity

Capital Surpluse

Clearfield fundamental ratios Correlations

Clearfield Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clearfield fundamental ratios Accounts

Pair Trading with Clearfield

Moving together with Clearfield Stock

Moving against Clearfield Stock

Complementary Tools for Clearfield Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Current Assets	+ 1.0	Total Assets
Inventory	+ 1.0	Property Plant And Equipment Net
Total Current Assets	+ 1.0	Property Plant And Equipment Gross
Total Stockholder Equity	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Property Plant And Equipment Gross	+ 0.99	Total Assets

Other Assets	- 0.39	Cash
Other Assets	- 0.39	Retained Earnings
Other Assets	- 0.36	Non Current Assets Total
Long Term Debt	- 0.34	Other Assets
Other Assets	- 0.34	Net Receivables
Cash	- 0.34	Net Debt