Varonis Capital Surpluse vs Net Tangible Assets Analysis

VRNS Stock

USD 42.16 0.80 1.86%

Varonis Systems financial indicator trend analysis is much more than just breaking down Varonis Systems prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Varonis Systems is a good investment. Please check the relationship between Varonis Systems Capital Surpluse and its Net Tangible Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Varonis Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Varonis Stock please use our How to Invest in Varonis Systems guide.

Capital Surpluse vs Net Tangible Assets

Capital Surpluse vs Net Tangible Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Varonis Systems Capital Surpluse account and Net Tangible Assets. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Varonis Systems' Capital Surpluse and Net Tangible Assets is 0.98. Overlapping area represents the amount of variation of Capital Surpluse that can explain the historical movement of Net Tangible Assets in the same time period over historical financial statements of Varonis Systems, assuming nothing else is changed. The correlation between historical values of Varonis Systems' Capital Surpluse 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 Capital Surpluse of Varonis Systems 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 Capital Surpluse i.e., Varonis Systems' Capital Surpluse and Net Tangible Assets go up and down completely randomly.

Correlation Coefficient

0.98

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Capital Surpluse

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 Varonis Systems' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Varonis 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Varonis Systems. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Varonis Stock please use our How to Invest in Varonis Systems guide.At this time, Varonis Systems' Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 18.8 M in 2024, whereas Sales General And Administrative To Revenue is likely to drop 0.10 in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	330.7M	403.8M	427.4M	448.8M
Total Revenue	390.1M	473.6M	499.2M	524.1M

Gross Profit Total Revenue

Varonis Systems fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Other Liab
Common Stock Shares Outstanding		0.38	0.43	0.26	0.4	0.39	0.17	-0.01	-0.39	0.25	0.29	0.12	0.29	0.54	0.28	0.37	0.59	0.39	-0.22	0.52	0.4	0.35	0.02	0.46	0.42	-0.24
Total Assets	0.38		0.77	0.94	0.97	0.8	0.89	-0.2	-0.98	0.23	0.76	0.89	0.73	0.88	0.94	0.98	0.76	0.94	0.53	0.86	0.99	0.97	0.76	0.99	0.98	-0.52
Other Current Liab	0.43	0.77		0.8	0.65	0.55	0.79	0.42	-0.86	-0.26	0.27	0.85	0.52	0.53	0.82	0.75	0.87	0.84	0.28	0.61	0.78	0.85	0.73	0.7	0.73	-0.55
Total Current Liabilities	0.26	0.94	0.8		0.88	0.77	0.99	0.02	-0.97	0.01	0.56	0.94	0.74	0.73	0.99	0.92	0.81	0.86	0.64	0.8	0.95	0.95	0.88	0.9	0.91	-0.38
Total Stockholder Equity	0.4	0.97	0.65	0.88		0.73	0.83	-0.34	-0.92	0.38	0.8	0.81	0.64	0.9	0.89	0.98	0.72	0.85	0.44	0.82	0.97	0.9	0.68	0.98	0.99	-0.44
Property Plant And Equipment Net	0.39	0.8	0.55	0.77	0.73		0.7	-0.26	-0.79	0.23	0.75	0.67	0.97	0.83	0.7	0.7	0.48	0.81	0.67	0.91	0.76	0.82	0.63	0.8	0.73	-0.57
Current Deferred Revenue	0.17	0.89	0.79	0.99	0.83	0.7		0.11	-0.93	-0.09	0.46	0.94	0.68	0.64	0.99	0.89	0.8	0.8	0.63	0.71	0.91	0.91	0.91	0.83	0.87	-0.32
Net Debt	-0.01	-0.2	0.42	0.02	-0.34	-0.26	0.11		0.01	-0.84	-0.75	0.15	-0.22	-0.5	0.05	-0.16	0.35	-0.11	-0.18	-0.32	-0.15	-0.06	0.26	-0.32	-0.22	0.04
Retained Earnings	-0.39	-0.98	-0.86	-0.97	-0.92	-0.79	-0.93	0.01		-0.06	-0.63	-0.94	-0.72	-0.81	-0.97	-0.96	-0.84	-0.93	-0.51	-0.82	-0.98	-0.98	-0.84	-0.94	-0.96	0.54
Accounts Payable	0.25	0.23	-0.26	0.01	0.38	0.23	-0.09	-0.84	-0.06		0.67	-0.14	0.21	0.53	0.0	0.22	-0.15	0.12	0.11	0.37	0.19	0.08	-0.27	0.35	0.29	-0.15
Cash	0.29	0.76	0.27	0.56	0.8	0.75	0.46	-0.75	-0.63	0.67		0.46	0.69	0.91	0.54	0.69	0.22	0.73	0.46	0.81	0.71	0.68	0.28	0.83	0.73	-0.48
Non Current Assets Total	0.12	0.89	0.85	0.94	0.81	0.67	0.94	0.15	-0.94	-0.14	0.46		0.63	0.6	0.94	0.89	0.76	0.86	0.57	0.64	0.9	0.93	0.95	0.81	0.86	-0.54
Non Currrent Assets Other	0.29	0.73	0.52	0.74	0.64	0.97	0.68	-0.22	-0.72	0.21	0.69	0.63		0.75	0.66	0.61	0.4	0.77	0.8	0.9	0.69	0.79	0.59	0.73	0.64	-0.54
Cash And Short Term Investments	0.54	0.88	0.53	0.73	0.9	0.83	0.64	-0.5	-0.81	0.53	0.91	0.6	0.75		0.72	0.83	0.56	0.83	0.41	0.93	0.85	0.82	0.43	0.94	0.87	-0.48
Net Receivables	0.28	0.94	0.82	0.99	0.89	0.7	0.99	0.05	-0.97	0.0	0.54	0.94	0.66	0.72		0.94	0.85	0.85	0.56	0.76	0.95	0.94	0.87	0.9	0.93	-0.36
Common Stock Total Equity	0.37	0.98	0.75	0.92	0.98	0.7	0.89	-0.16	-0.96	0.22	0.69	0.89	0.61	0.83	0.94		0.8	0.87	0.43	0.77	0.99	0.93	0.78	0.96	1.0	-0.48
Short Term Investments	0.59	0.76	0.87	0.81	0.72	0.48	0.8	0.35	-0.84	-0.15	0.22	0.76	0.4	0.56	0.85	0.8		0.68	0.17	0.59	0.8	0.76	0.7	0.72	0.78	-0.26
Non Current Liabilities Total	0.39	0.94	0.84	0.86	0.85	0.81	0.8	-0.11	-0.93	0.12	0.73	0.86	0.77	0.83	0.85	0.87	0.68		0.51	0.85	0.91	0.97	0.69	0.92	0.87	-0.67
Inventory	-0.22	0.53	0.28	0.64	0.44	0.67	0.63	-0.18	-0.51	0.11	0.46	0.57	0.8	0.41	0.56	0.43	0.17	0.51		0.61	0.49	0.59	0.6	0.49	0.42	-0.25
Other Current Assets	0.52	0.86	0.61	0.8	0.82	0.91	0.71	-0.32	-0.82	0.37	0.81	0.64	0.9	0.93	0.76	0.77	0.59	0.85	0.61		0.82	0.86	0.5	0.89	0.8	-0.45
Other Stockholder Equity	0.4	0.99	0.78	0.95	0.97	0.76	0.91	-0.15	-0.98	0.19	0.71	0.9	0.69	0.85	0.95	0.99	0.8	0.91	0.49	0.82		0.96	0.79	0.97	0.99	-0.48
Total Liab	0.35	0.97	0.85	0.95	0.9	0.82	0.91	-0.06	-0.98	0.08	0.68	0.93	0.79	0.82	0.94	0.93	0.76	0.97	0.59	0.86	0.96		0.8	0.94	0.92	-0.57
Property Plant And Equipment Gross	0.02	0.76	0.73	0.88	0.68	0.63	0.91	0.26	-0.84	-0.27	0.28	0.95	0.59	0.43	0.87	0.78	0.7	0.69	0.6	0.5	0.79	0.8		0.66	0.74	-0.42
Total Current Assets	0.46	0.99	0.7	0.9	0.98	0.8	0.83	-0.32	-0.94	0.35	0.83	0.81	0.73	0.94	0.9	0.96	0.72	0.92	0.49	0.89	0.97	0.94	0.66		0.98	-0.48
Common Stock	0.42	0.98	0.73	0.91	0.99	0.73	0.87	-0.22	-0.96	0.29	0.73	0.86	0.64	0.87	0.93	1.0	0.78	0.87	0.42	0.8	0.99	0.92	0.74	0.98		-0.48
Other Liab	-0.24	-0.52	-0.55	-0.38	-0.44	-0.57	-0.32	0.04	0.54	-0.15	-0.48	-0.54	-0.54	-0.48	-0.36	-0.48	-0.26	-0.67	-0.25	-0.45	-0.48	-0.57	-0.42	-0.48	-0.48

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Varonis Systems Account Relationship Matchups

Varonis Systems fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	90.8M	94.3M	105.3M	109.3B	109.1M	103.7M
Total Assets	318.3M	555.5M	1.1B	1.0B	1.1B	1.2B
Other Current Liab	673K	83.2M	62K	105.4M	115.0M	120.8M
Total Current Liabilities	159.6M	182.6M	211.8M	228.7M	306.8M	322.1M
Total Stockholder Equity	93.5M	94.1M	596.6M	502.1M	489.6M	514.1M
Property Plant And Equipment Net	91.4M	85.1M	102.0M	95.8M	85.8M	43.6M
Current Deferred Revenue	96.0M	98.6M	104.2M	110.6M	181.0M	190.1M
Net Debt	(11.9M)	38.9M	(511.7M)	(51.3M)	81.1M	85.2M
Retained Earnings	(216.7M)	(310.7M)	(427.6M)	(543.5M)	(644.4M)	(612.2M)
Accounts Payable	997K	850K	5.3M	3.0M	672K	638.4K
Cash	68.9M	234.1M	805.8M	367.8M	230.7M	171.3M
Non Current Assets Total	109.8M	135.6M	149.3M	138.1M	336.8M	353.6M
Non Currrent Assets Other	18.4M	21.6M	19.8M	16.3M	15.5M	8.8M
Cash And Short Term Investments	120.5M	298.3M	807.6M	732.5M	533.7M	267.6M
Net Receivables	75.1M	94.2M	117.2M	136.0M	184.5M	193.7M
Common Stock Total Equity	30K	31K	32K	108K	124.2K	130.4K
Short Term Investments	51.5M	64.2M	1.9M	364.7M	303.0M	318.1M
Liabilities And Stockholders Equity	318.3M	555.5M	1.1B	1.0B	1.1B	1.2B
Non Current Liabilities Total	65.2M	278.8M	300.2M	312.9M	307.5M	322.9M
Other Current Assets	13.0M	27.4M	34.4M	37.2M	27.2M	14.6M
Other Stockholder Equity	310.7M	395.4M	1.0B	1.1B	1.1B	1.2B
Total Liab	224.8M	461.4M	511.9M	541.6M	614.3M	645.0M
Property Plant And Equipment Gross	91.4M	37.2M	38.3M	39.0M	131.3M	137.9M
Total Current Assets	208.6M	419.8M	959.2M	905.7M	767.2M	805.5M
Accumulated Other Comprehensive Income	(449K)	9.4M	6.1M	(9.6M)	(8.6M)	(8.2M)
Common Stock	30K	31K	32K	108K	109K	114.5K
Other Liab	8.2M	5.8M	6.1M	6.3M	5.6M	7.2M
Other Assets	18.4M	21.6M	19.8M	16.3M	18.8M	9.5M
Property Plant Equipment	36.3M	37.2M	102.0M	39.0M	44.9M	26.9M
Net Tangible Assets	93.5M	94.1M	569.1M	502.1M	577.4M	606.3M
Retained Earnings Total Equity	(216.7M)	(310.7M)	(427.6M)	(543.5M)	(489.1M)	(464.7M)
Capital Surpluse	310.7M	395.4M	1.0B	1.1B	1.2B	1.3B
Non Current Liabilities Other	65.2M	60.3M	3.6M	63.9M	4.8M	4.6M
Short Term Debt	51.0M	61.9M	102.2M	9.9M	10.0M	9.5M
Net Invested Capital	93.5M	312.5M	821.9M	751.1M	740.1M	463.0M
Net Working Capital	49.0M	237.2M	747.4M	676.9M	460.4M	374.9M

Pair Trading with Varonis 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 Varonis 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 Varonis Systems will appreciate offsetting losses from the drop in the long position's value.

Moving together with Varonis Stock

0.81	S	SentinelOne Financial Report 6th of June 2024	Pair Corr
0.79	MQ	Marqeta	Pair Corr

Moving against Varonis Stock

0.87	NN	Nextnav Acquisition Corp	Pair Corr
0.55	GB	Global Blue Group Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to Varonis 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 Varonis 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 Varonis 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 Varonis Systems to buy it.

The correlation of Varonis 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 Varonis Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Varonis 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 Varonis 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.

Pair Correlation Correlation Matching

Additional Tools for Varonis Stock Analysis

When running Varonis Systems' price analysis, check to measure Varonis 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 Varonis Systems is operating at the current time. Most of Varonis Systems' value examination focuses on studying past and present price action to predict the probability of Varonis Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Varonis Systems' price. Additionally, you may evaluate how the addition of Varonis Systems to your portfolios can decrease your overall portfolio volatility.

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