CommVault Total Current Liabilities vs Common Stock Shares Outstanding 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 Total Current Liabilities and its Common Stock Shares Outstanding 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.
Total Current Liabilities vs Common Stock Shares Outstanding
Total Current Liabilities vs Common Stock Shares Outstanding Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CommVault Systems Total Current Liabilities account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between CommVault Systems' Total Current Liabilities and Common Stock Shares Outstanding is 0.58. Overlapping area represents the amount of variation of Total Current Liabilities that can explain the historical movement of Common Stock Shares Outstanding 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' Total Current Liabilities and Common Stock Shares Outstanding 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 Current Liabilities of CommVault Systems are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Total Current Liabilities i.e., CommVault Systems' Total Current Liabilities and Common Stock Shares Outstanding go up and down completely randomly.
Correlation Coefficient | 0.58 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Total Current Liabilities
Total Current Liabilities is an item on CommVault Systems balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of CommVault Systems are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.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.