Cavco Short Long Term Debt vs Net Tangible Assets 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 Short Long Term Debt and its Net Tangible Assets 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.
Short Long Term Debt vs Net Tangible Assets
Short Long Term Debt vs Net Tangible Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cavco Industries Short Long Term Debt account and Net Tangible Assets. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Cavco Industries' Short Long Term Debt and Net Tangible Assets is -0.62. Overlapping area represents the amount of variation of Short Long Term Debt that can explain the historical movement of Net Tangible Assets 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' Short Long Term Debt and Net Tangible Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Long Term Debt of Cavco Industries are associated (or correlated) with its Net Tangible Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Tangible Assets has no effect on the direction of Short Long Term Debt i.e., Cavco Industries' Short Long Term Debt and Net Tangible Assets go up and down completely randomly.
Correlation Coefficient | -0.62 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Short Long Term Debt
The total of a company’s short-term and long-term borrowings.Net Tangible Assets
The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.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 |
Cavco Industries Investors Sentiment
The influence of Cavco Industries' 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 Cavco. 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 Cavco Industries' public news can be used to forecast risks associated with an investment in Cavco. The trend in average sentiment can be used to explain how an investor holding Cavco can time the market purely based on public headlines and social activities around Cavco Industries. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cavco Industries' 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 Cavco Industries' 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 Cavco Industries' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cavco Industries.
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 Cavco Industries 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, Cavco Industries' short interest history, or implied volatility extrapolated from Cavco Industries options trading.
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 |
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| 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
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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.
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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.