Cavco Long Term Investments vs Net Debt Analysis
| CVCO Stock | USD 374.47 1.86 0.50% |
Cavco Industries financial indicator trend analysis is way more than just evaluating Cavco Industries prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cavco Industries is a good investment. Please check the relationship between Cavco Industries Long Term Investments and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. 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. To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.
Long Term Investments vs Net Debt
Long Term Investments vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cavco Industries Long Term Investments account and Net Debt. At this time, the significance of the direction appears to have very week relationship.
The correlation between Cavco Industries' Long Term Investments and Net Debt is 0.25. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Debt in the same time period over historical financial statements of Cavco Industries, assuming nothing else is changed. The correlation between historical values of Cavco Industries' Long Term Investments and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of Cavco Industries are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Long Term Investments i.e., Cavco Industries' Long Term Investments and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.25 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Long Term Investments
Long Term Investments is an item on the asset side of Cavco Industries balance sheet that represents investments Cavco Industries intends to hold for over a year. Cavco Industries long term investments may include different instruments such as stocks, bonds, real estate and cash.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Cavco Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cavco Industries 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 Cavco Industries. 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. To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.At this time, Cavco Industries' Selling General Administrative is very stable compared to the past year. As of the 30th of April 2024, Tax Provision is likely to grow to about 79.6 M, while Sales General And Administrative To Revenue is likely to drop 0.10.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 702K | 910K | 1.0M | 994.2K | Depreciation And Amortization | 10.2M | 122.9M | 141.3M | 148.4M |
Cavco Industries fundamental ratios Correlations
Click cells to compare fundamentals
Cavco Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cavco Industries fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 810.4M | 951.8M | 1.2B | 1.3B | 1.5B | 1.6B | |
| Short Long Term Debt Total | 25.7M | 25.5M | 24.8M | 21.7M | 24.9M | 42.6M | |
| Other Current Liab | 117.9M | 161.3M | 194.0M | 210.9M | 242.5M | 254.6M | |
| Total Current Liabilities | 172.1M | 237.1M | 294.2M | 293.4M | 337.4M | 354.3M | |
| Total Stockholder Equity | 607.6M | 683.6M | 830.5M | 976.3M | 1.1B | 1.2B | |
| Property Plant And Equipment Net | 91.1M | 113.0M | 181.0M | 255.0M | 293.3M | 308.0M | |
| Net Debt | (216.1M) | (296.7M) | (219.4M) | (249.7M) | (224.8M) | (213.5M) | |
| Non Current Assets Total | 294.2M | 300.0M | 410.9M | 503.4M | 578.9M | 607.9M | |
| Net Receivables | 90.6M | 104.3M | 149.3M | 150.4M | 173.0M | 181.6M | |
| Common Stock Shares Outstanding | 9.3M | 9.3M | 9.3M | 8.9M | 10.3M | 8.6M | |
| Liabilities And Stockholders Equity | 810.4M | 951.8M | 1.2B | 1.3B | 1.5B | 1.6B | |
| Non Current Liabilities Total | 30.7M | 31.1M | 29.5M | 37.1M | 42.6M | 40.4M | |
| Inventory | 113.5M | 131.2M | 244.0M | 263.2M | 302.6M | 317.8M | |
| Other Current Assets | 42.2M | 57.8M | 86.6M | 92.9M | 106.8M | 112.1M | |
| Other Stockholder Equity | 252.3M | 252.4M | 202.0M | 107.5M | 123.6M | 157.9M | |
| Total Liab | 202.8M | 268.2M | 323.7M | 330.5M | 380.0M | 399.0M | |
| Property Plant And Equipment Gross | 91.1M | 113.0M | 181.0M | 255.0M | 293.3M | 308.0M | |
| Total Current Assets | 516.2M | 651.8M | 744.1M | 804.6M | 925.3M | 971.5M | |
| Accumulated Other Comprehensive Income | 90K | 97K | (403K) | (615K) | (553.5K) | (525.8K) | |
| Cash And Short Term Investments | 256.4M | 341.8M | 264.2M | 286.4M | 329.4M | 345.8M | |
| Other Liab | 7.0M | 7.3M | 7.4M | 5.5M | 5.0M | 4.7M | |
| Accounts Payable | 29.9M | 32.1M | 43.1M | 30.7M | 35.3M | 37.1M | |
| Long Term Debt | 14.6M | 12.7M | 10.3M | 10.8M | 9.8M | 9.3M | |
| Short Term Investments | 14.6M | 19.5M | 20.1M | 15.0M | 17.2M | 12.4M | |
| Intangible Assets | 15.1M | 14.4M | 28.5M | 29.8M | 26.8M | 30.9M | |
| Property Plant Equipment | 77.2M | 113.0M | 181.0M | 228.3M | 262.5M | 275.6M | |
| Retained Earnings | 355.1M | 431.1M | 628.8M | 869.3M | 999.7M | 1.0B | |
| Cash | 241.8M | 322.3M | 244.2M | 271.4M | 312.1M | 327.7M | |
| Short Term Debt | 2.2M | 1.9M | 784K | 6.6M | 5.9M | 8.4M | |
| Net Tangible Assets | 528.1M | 594.2M | 701.0M | 968.2M | 1.1B | 1.2B | |
| Current Deferred Revenue | 22.1M | 41.8M | 56.3M | 45.2M | 52.0M | 27.4M | |
| Retained Earnings Total Equity | 280.1M | 355.1M | 431.1M | 869.3M | 999.7M | 1.0B | |
| Capital Surpluse | 249.4M | 252.3M | 253.8M | 272.0M | 312.7M | 249.7M | |
| Deferred Long Term Liab | 7.0M | 7.3M | 7.4M | 7.6M | 6.8M | 11.0M | |
| Long Term Investments | 112.6M | 35.0M | 34.9M | 99.7M | 89.7M | 74.8M |
Pair Trading with Cavco Industries
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 Cavco Industries 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 Cavco Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Cavco Stock
| 0.75 | VZIO | Vizio Holding Corp Financial Report 14th of May 2024 | PairCorr |
Moving against Cavco Stock
| 0.61 | GPRO | GoPro Inc Financial Report 14th of May 2024 | PairCorr |
| 0.6 | SONY | Sony Group Corp | PairCorr |
| 0.54 | VUZI | Vuzix Corp Cmn Financial Report 8th of May 2024 | PairCorr |
| 0.46 | TUP | Tupperware Brands Earnings Call Tomorrow | PairCorr |
The ability to find closely correlated positions to Cavco Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cavco Industries 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 Cavco Industries - 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 Cavco Industries to buy it.
The correlation of Cavco Industries 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 Cavco Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cavco Industries 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 Cavco Industries 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 Cavco Industries. 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. To learn how to invest in Cavco Stock, please use our How to Invest in Cavco Industries guide.Note that the Cavco Industries information on this page should be used as a complementary analysis to other Cavco Industries' 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 CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Cavco Stock analysis
When running Cavco Industries' price analysis, check to measure Cavco Industries' 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 Cavco Industries is operating at the current time. Most of Cavco Industries' value examination focuses on studying past and present price action to predict the probability of Cavco Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cavco Industries' price. Additionally, you may evaluate how the addition of Cavco Industries to your portfolios can decrease your overall portfolio volatility.
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope |
Is Cavco Industries' 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 Cavco Industries. If investors know Cavco 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 Cavco Industries 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 (0.36) | Earnings Share 19.75 | Revenue Per Share 215.435 | Quarterly Revenue Growth (0.11) | Return On Assets 0.0936 |
The market value of Cavco Industries is measured differently than its book value, which is the value of Cavco that is recorded on the company's balance sheet. Investors also form their own opinion of Cavco Industries' value that differs from its market value or its book value, called intrinsic value, which is Cavco Industries' 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 Cavco Industries' market value can be influenced by many factors that don't directly affect Cavco Industries' 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 Cavco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cavco Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cavco Industries' 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.