CommVault Property Plant And Equipment Net vs Common Stock Total Equity Analysis
CVLT Stock | USD 118.06 0.24 0.20% |
CommVault Systems financial indicator trend analysis is way more than just evaluating CommVault Systems prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CommVault Systems is a good investment. Please check the relationship between CommVault Systems Property Plant And Equipment Net and its Common Stock Total Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CommVault Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy CommVault Stock please use our How to Invest in CommVault Systems guide.
Property Plant And Equipment Net vs Common Stock Total Equity
Property Plant And Equipment Net vs Common Stock Total Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CommVault Systems Property Plant And Equipment Net account and Common Stock Total Equity. At this time, the significance of the direction appears to have weak relationship.
The correlation between CommVault Systems' Property Plant And Equipment Net and Common Stock Total Equity is 0.3. Overlapping area represents the amount of variation of Property Plant And Equipment Net that can explain the historical movement of Common Stock Total Equity in the same time period over historical financial statements of CommVault Systems, assuming nothing else is changed. The correlation between historical values of CommVault Systems' Property Plant And Equipment Net and Common Stock Total 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 Property Plant And Equipment Net of CommVault Systems are associated (or correlated) with its Common Stock Total Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Total Equity has no effect on the direction of Property Plant And Equipment Net i.e., CommVault Systems' Property Plant And Equipment Net and Common Stock Total Equity go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Property Plant And Equipment Net
The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.Common Stock Total Equity
The total value of common stock equity held by shareholders, representing their ownership interest in the company.Most indicators from CommVault Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CommVault Systems 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 CommVault Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more information on how to buy CommVault Stock please use our How to Invest in CommVault Systems guide.Selling General Administrative is likely to drop to about 72.2 M in 2024. Tax Provision is likely to gain to about (81 M) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 655.7M | 649.2M | 681.2M | 409.3M | Total Revenue | 769.6M | 784.6M | 839.2M | 480.1M |
CommVault Systems fundamental ratios Correlations
Click cells to compare fundamentals
CommVault Systems Account Relationship Matchups
High Positive Relationship
High Negative Relationship
CommVault Systems fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 845.1M | 904.2M | 816.1M | 782.6M | 943.9M | 566.3M | |
Total Stockholder Equity | 411.9M | 394.0M | 255.8M | 186.1M | 278.1M | 248.8M | |
Net Debt | (271.6M) | (374.3M) | (251.5M) | (275M) | (300.7M) | (315.7M) | |
Cash | 288.1M | 397.2M | 267.5M | 287.8M | 312.8M | 255.6M | |
Other Assets | 44.7M | 43.1M | 50.6M | 75.0M | 86.3M | 90.6M | |
Cash And Short Term Investments | 331.7M | 397.2M | 267.5M | 287.8M | 312.8M | 286.2M | |
Common Stock Shares Outstanding | 45.8M | 46.7M | 47.2M | 44.7M | 45.1M | 44.2M | |
Liabilities And Stockholders Equity | 845.1M | 904.2M | 816.1M | 782.6M | 943.9M | 566.3M | |
Other Stockholder Equity | 978.7M | 1.1B | 1.2B | 1.1B | 1.3B | 1.4B | |
Total Liab | 433.2M | 510.1M | 560.3M | 596.5M | 665.8M | 699.1M | |
Total Current Assets | 513.7M | 607.6M | 484.1M | 550.9M | 595.1M | 421.4M | |
Other Current Liab | 87.1M | 112.1M | 121.8M | 97.9M | 117.2M | 68.6M | |
Total Current Liabilities | 328.6M | 373.2M | 394.1M | 410.1M | 484.9M | 254.3M | |
Other Liab | 90.4M | 104.8M | 95.8M | 121.5M | 139.7M | 146.7M | |
Property Plant And Equipment Net | 129.5M | 133.6M | 121.4M | 20.1M | 18.5M | 17.6M | |
Current Deferred Revenue | 233.5M | 253.2M | 267.0M | 307.6M | 362.5M | 182.3M | |
Retained Earnings | (553.8M) | (665.8M) | (898.7M) | (934.5M) | (1.1B) | (1.0B) | |
Accounts Payable | 307K | 374K | 432K | 108K | 299K | 284.1K | |
Non Current Assets Total | 331.4M | 296.6M | 332.0M | 231.7M | 348.8M | 366.2M | |
Non Currrent Assets Other | 12.7M | 33.1M | 53.1M | 61.6M | 68.5M | 71.9M | |
Net Receivables | 147.0M | 188.1M | 194.2M | 210.4M | 222.7M | 121.9M | |
Common Stock Total Equity | 454K | 458K | 463K | 443K | 506K | 459.7K | |
Non Current Liabilities Total | 104.6M | 136.9M | 166.2M | 186.4M | 180.9M | 189.9M | |
Other Current Assets | 27.0M | 22.2M | 22.3M | 14.0M | 59.7M | 56.7M | |
Property Plant And Equipment Gross | 129.5M | 133.6M | 121.4M | 20.1M | 70.1M | 70.8M | |
Accumulated Other Comprehensive Income | (13.4M) | (10.4M) | (11.9M) | (16.1M) | (15.9M) | (15.1M) | |
Common Stock | 454K | 458K | 463K | 443K | 435K | 460.6K | |
Property Plant Equipment | 114.5M | 112.8M | 106.5M | 8.3M | 9.5M | 9.1M | |
Net Tangible Assets | 354.7M | 416.2M | 286.0M | 238.7M | 274.5M | 395.2M | |
Retained Earnings Total Equity | (553.8M) | (665.8M) | (898.7M) | (1.1B) | (956.6M) | (908.8M) | |
Capital Surpluse | 978.7M | 1.1B | 1.2B | 1.3B | 1.5B | 822.3M | |
Deferred Long Term Liab | 849K | 761K | 808K | 134K | 120.6K | 114.6K | |
Non Current Liabilities Other | 2.2M | 1.5M | 3.9M | 3.6M | 3.6M | 3.3M |
Pair Trading with CommVault Systems
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 CommVault Systems 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 CommVault Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with CommVault Stock
Moving against CommVault Stock
0.87 | DV | DoubleVerify Holdings | PairCorr |
0.84 | ZI | ZoomInfo Technologies | PairCorr |
0.79 | U | Unity Software | PairCorr |
0.78 | BL | Blackline | PairCorr |
0.73 | DOMO | Domo Inc | PairCorr |
The ability to find closely correlated positions to CommVault Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CommVault Systems 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 CommVault Systems - 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 CommVault Systems to buy it.
The correlation of CommVault Systems 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 CommVault Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CommVault Systems 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 CommVault Systems 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.Additional Tools for CommVault Stock Analysis
When running CommVault Systems' price analysis, check to measure CommVault Systems' 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 CommVault Systems is operating at the current time. Most of CommVault Systems' value examination focuses on studying past and present price action to predict the probability of CommVault Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CommVault Systems' price. Additionally, you may evaluate how the addition of CommVault Systems to your portfolios can decrease your overall portfolio volatility.