Clever Good Will vs Total Stockholder Equity Analysis
| CLVR Stock | USD 4.11 0.24 6.20% |
Clever Leaves financial indicator trend analysis is way more than just evaluating Clever Leaves Holdings prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clever Leaves Holdings is a good investment. Please check the relationship between Clever Leaves Good Will and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clever Leaves Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Good Will vs Total Stockholder Equity
Good Will vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clever Leaves Holdings Good Will account and Total Stockholder Equity. At this time, the significance of the direction appears to have no relationship.
The correlation between Clever Leaves' Good Will and Total Stockholder Equity is 0.09. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Clever Leaves Holdings, assuming nothing else is changed. The correlation between historical values of Clever Leaves' Good Will and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of Clever Leaves Holdings are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Good Will i.e., Clever Leaves' Good Will and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.09 |
| Relationship Direction | Positive |
| Relationship Strength | Insignificant |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.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.Most indicators from Clever Leaves' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clever Leaves Holdings 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 Clever Leaves Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. At this time, Clever Leaves' Tax Provision is relatively stable compared to the past year. As of 04/27/2024, Selling General Administrative is likely to grow to about 23.8 M, while Sales General And Administrative To Revenue is likely to drop 0.98.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 6.8M | 4.3M | 5.6M | 6.0M | Total Revenue | 15.4M | 17.8M | 17.4M | 15.5M |
Clever Leaves fundamental ratios Correlations
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Clever Leaves Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clever Leaves fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 2.7M | 4.0M | 5.1M | 4.4M | 2.8M | 3.5M | |
| Total Current Liabilities | 6.1M | 10.2M | 27.2M | 9.4M | 5.8M | 11.1M | |
| Retained Earnings | (31.9M) | (79.8M) | (114.7M) | (180.9M) | (198.8M) | (188.9M) | |
| Accounts Payable | 3.4M | 4.4M | 4.0M | 2.3M | 2.1M | 2.4M | |
| Net Receivables | 1.6M | 6.2M | 7.3M | 4.3M | 2.1M | 4.1M | |
| Inventory | 5.4M | 10.2M | 15.4M | 8.4M | 4.5M | 8.1M | |
| Other Current Assets | 4.4M | 3.5M | 473K | 3.1M | 477K | 453.2K | |
| Other Stockholder Equity | 77.4M | 194.1M | 187.5M | 217.9M | 223.0M | 165.2M | |
| Total Current Assets | 23.5M | 95.8M | 60.4M | 26.2M | 13.9M | 13.2M |
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 Clever Leaves 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, Clever Leaves' short interest history, or implied volatility extrapolated from Clever Leaves options trading.
Pair Trading with Clever Leaves
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 Clever Leaves 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 Clever Leaves will appreciate offsetting losses from the drop in the long position's value.Moving together with Clever Stock
| 0.67 | ELEV | Elevation Oncology Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Clever Leaves could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clever Leaves 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 Clever Leaves - 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 Clever Leaves Holdings to buy it.
The correlation of Clever Leaves 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 Clever Leaves moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clever Leaves Holdings 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 Clever Leaves 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 Clever Leaves Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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When running Clever Leaves' price analysis, check to measure Clever Leaves' 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 Clever Leaves is operating at the current time. Most of Clever Leaves' value examination focuses on studying past and present price action to predict the probability of Clever Leaves' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clever Leaves' price. Additionally, you may evaluate how the addition of Clever Leaves to your portfolios can decrease your overall portfolio volatility.
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Is Clever Leaves' 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 Clever Leaves. If investors know Clever 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 Clever Leaves listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (12.63) | Revenue Per Share 11.111 | Quarterly Revenue Growth 0.054 | Return On Assets (0.23) | Return On Equity (0.61) |
The market value of Clever Leaves Holdings is measured differently than its book value, which is the value of Clever that is recorded on the company's balance sheet. Investors also form their own opinion of Clever Leaves' value that differs from its market value or its book value, called intrinsic value, which is Clever Leaves' 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 Clever Leaves' market value can be influenced by many factors that don't directly affect Clever Leaves' 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 Clever Leaves' value and its price as these two are different measures arrived at by different means. Investors typically determine if Clever Leaves is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clever Leaves' 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.