Dave Cash And Short Term Investments vs Property Plant And Equipment Net Analysis
DAVE Stock | USD 53.09 2.31 4.55% |
Dave financial indicator trend analysis is much more than just examining Dave Inc latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Dave Inc is a good investment. Please check the relationship between Dave Cash And Short Term Investments and its Property Plant And Equipment Net accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dave Inc. 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.
Cash And Short Term Investments vs Property Plant And Equipment Net
Cash And Short Term Investments vs Property Plant And Equipment Net Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Dave Inc Cash And Short Term Investments account and Property Plant And Equipment Net. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Dave's Cash And Short Term Investments and Property Plant And Equipment Net is -0.45. Overlapping area represents the amount of variation of Cash And Short Term Investments that can explain the historical movement of Property Plant And Equipment Net in the same time period over historical financial statements of Dave Inc, assuming nothing else is changed. The correlation between historical values of Dave's Cash And Short Term Investments and Property Plant And Equipment Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Short Term Investments of Dave Inc are associated (or correlated) with its Property Plant And Equipment Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant And Equipment Net has no effect on the direction of Cash And Short Term Investments i.e., Dave's Cash And Short Term Investments and Property Plant And Equipment Net go up and down completely randomly.
Correlation Coefficient | -0.45 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Dave Inc balance sheet. This account contains Dave investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Dave Inc fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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.Most indicators from Dave's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Dave Inc 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dave Inc. 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. The current year's Tax Provision is expected to grow to about 129.6 K, whereas Selling General Administrative is forecasted to decline to about 61.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 129.5M | 172.9M | 135.3M | 131.7M | Total Revenue | 153M | 204.8M | 259.1M | 179.3M |
Dave fundamental ratios Correlations
Click cells to compare fundamentals
Dave Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 Dave 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, Dave's short interest history, or implied volatility extrapolated from Dave options trading.
Pair Trading with Dave
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 Dave 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 Dave will appreciate offsetting losses from the drop in the long position's value.Moving against Dave Stock
0.86 | DOMO | Domo Inc Financial Report 23rd of May 2024 | PairCorr |
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0.8 | DV | DoubleVerify Holdings | PairCorr |
0.79 | PD | Pagerduty Financial Report 6th of June 2024 | PairCorr |
0.75 | EB | Eventbrite Class A Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to Dave could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dave 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 Dave - 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 Dave Inc to buy it.
The correlation of Dave 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 Dave moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dave Inc 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 Dave 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dave Inc. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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When running Dave's price analysis, check to measure Dave's 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 Dave is operating at the current time. Most of Dave's value examination focuses on studying past and present price action to predict the probability of Dave's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dave's price. Additionally, you may evaluate how the addition of Dave to your portfolios can decrease your overall portfolio volatility.
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Is Dave's 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 Dave. If investors know Dave 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 Dave listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.07) | Revenue Per Share 22.727 | Quarterly Revenue Growth 0.249 | Return On Assets (0.09) | Return On Equity (0.50) |
The market value of Dave Inc is measured differently than its book value, which is the value of Dave that is recorded on the company's balance sheet. Investors also form their own opinion of Dave's value that differs from its market value or its book value, called intrinsic value, which is Dave's 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 Dave's market value can be influenced by many factors that don't directly affect Dave's 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 Dave's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dave is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dave's 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.