Valvoline Non Currrent Assets Other vs Total Current Assets Analysis
VVV Stock | USD 41.41 0.36 0.86% |
Valvoline financial indicator trend analysis is much more than just breaking down Valvoline prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Valvoline is a good investment. Please check the relationship between Valvoline Non Currrent Assets Other and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Valvoline. 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. For more information on how to buy Valvoline Stock please use our How to Invest in Valvoline guide.
Non Currrent Assets Other vs Total Current Assets
Non Currrent Assets Other vs Total Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Valvoline Non Currrent Assets Other account and Total Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Valvoline's Non Currrent Assets Other and Total Current Assets is 0.71. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Valvoline, assuming nothing else is changed. The correlation between historical values of Valvoline's Non Currrent Assets Other and Total Current 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 Non Currrent Assets Other of Valvoline are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Non Currrent Assets Other i.e., Valvoline's Non Currrent Assets Other and Total Current Assets go up and down completely randomly.
Correlation Coefficient | 0.71 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Total Current Assets
The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.Most indicators from Valvoline's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Valvoline 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 Valvoline. 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. For more information on how to buy Valvoline Stock please use our How to Invest in Valvoline guide.Discontinued Operations is likely to climb to about 1.5 B in 2024, whereas Selling General Administrative is likely to drop slightly above 295.1 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 476.4M | 544.5M | 490.1M | 581.4M | Total Revenue | 1.2B | 1.4B | 1.3B | 1.7B |
Valvoline fundamental ratios Correlations
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Valvoline Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Valvoline fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 188M | 183.5M | 180.4M | 161.6M | 145.4M | 149.1M | |
Total Assets | 3.1B | 3.2B | 3.4B | 2.9B | 3.3B | 2.4B | |
Short Long Term Debt Total | 2.2B | 2.0B | 1.9B | 1.8B | 2.1B | 1.4B | |
Other Current Liab | 255M | 306M | 711.9M | 3.9M | 4.5M | 4.3M | |
Total Current Liabilities | 444M | 569M | 919.4M | 362.3M | 416.6M | 505.9M | |
Total Stockholder Equity | (76M) | 135M | 306.6M | 199.5M | 179.6M | 188.5M | |
Other Liab | 420M | 536M | 436.5M | 315.9M | 363.3M | 485.7M | |
Net Tangible Assets | (76M) | (640M) | (356.5M) | (477.4M) | (429.7M) | (451.1M) | |
Property Plant And Equipment Net | 874M | 1.1B | 916.7M | 1.1B | 1.2B | 677.4M | |
Net Debt | 1.4B | 1.7B | 1.9B | 1.4B | 1.6B | 1.1B | |
Accounts Payable | 189M | 246M | 45M | 118.7M | 106.8M | 133.4M | |
Non Current Assets Total | 1.6B | 2.2B | 1.8B | 2.0B | 2.2B | 1.4B | |
Non Currrent Assets Other | 132M | 194M | 141.7M | 187.8M | 216.0M | 118.5M | |
Other Assets | 161M | 208M | 215.9M | 187.8M | 216.0M | 234.7M | |
Long Term Debt | 2.0B | 1.7B | 1.5B | 1.6B | 1.8B | 1.2B | |
Net Receivables | 433M | 496M | 66.1M | 81.3M | 73.2M | 69.5M | |
Good Will | 445M | 644M | 548.2M | 578M | 664.7M | 435.3M | |
Liabilities And Stockholders Equity | 3.1B | 3.2B | 3.4B | 2.9B | 3.3B | 2.4B | |
Non Current Liabilities Total | 2.7B | 2.5B | 2.2B | 2.3B | 2.7B | 1.9B | |
Inventory | 199M | 258M | 29.4M | 33.3M | 30.0M | 28.5M | |
Other Current Assets | 46M | 53M | 38M | 65.5M | 75.3M | 45.7M | |
Other Stockholder Equity | 24M | 35M | 44.1M | 44.3M | 39.9M | 37.9M | |
Total Liab | 3.1B | 3.1B | 3.1B | 2.7B | 3.1B | 2.4B | |
Property Plant And Equipment Gross | 874M | 1.1B | 916.7M | 1.1B | 1.2B | 677.4M | |
Total Current Assets | 1.4B | 1.0B | 1.6B | 936.7M | 1.1B | 1.0B | |
Short Term Debt | 36M | 17M | 162.5M | 23.8M | 27.4M | 44.2M | |
Intangible Assets | 84M | 131M | 114.9M | 102.6M | 118.0M | 64.8M | |
Property Plant Equipment | 874M | 1.1B | 916.7M | 1.1B | 1.2B | 677.5M | |
Cash | 760M | 230M | 23.4M | 409.1M | 470.5M | 281.9M | |
Cash And Short Term Investments | 760M | 230M | 23.4M | 756.6M | 870.1M | 913.6M | |
Long Term Debt Total | 2.0B | 1.7B | 1.5B | 1.6B | 1.8B | 1.5B | |
Capital Surpluse | 13M | 24M | 35M | 44.1M | 39.7M | 37.7M | |
Non Current Liabilities Other | 490M | 252M | 237.1M | 350.5M | 403.1M | 243.6M | |
Cash And Equivalents | 760M | 230M | 23.4M | 409.1M | 470.5M | 281.9M |
Pair Trading with Valvoline
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 Valvoline 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 Valvoline will appreciate offsetting losses from the drop in the long position's value.Moving against Valvoline Stock
0.43 | IEP | Icahn Enterprises | PairCorr |
The ability to find closely correlated positions to Valvoline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Valvoline 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 Valvoline - 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 Valvoline to buy it.
The correlation of Valvoline 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 Valvoline moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valvoline 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 Valvoline 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Valvoline. 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. For more information on how to buy Valvoline Stock please use our How to Invest in Valvoline guide.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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When running Valvoline's price analysis, check to measure Valvoline'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 Valvoline is operating at the current time. Most of Valvoline's value examination focuses on studying past and present price action to predict the probability of Valvoline's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Valvoline's price. Additionally, you may evaluate how the addition of Valvoline to your portfolios can decrease your overall portfolio volatility.
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Is Valvoline'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 Valvoline. If investors know Valvoline 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 Valvoline 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 0.403 | Earnings Share 1.48 | Revenue Per Share 10.897 | Quarterly Revenue Growth 0.281 | Return On Assets 0.0575 |
The market value of Valvoline is measured differently than its book value, which is the value of Valvoline that is recorded on the company's balance sheet. Investors also form their own opinion of Valvoline's value that differs from its market value or its book value, called intrinsic value, which is Valvoline'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 Valvoline's market value can be influenced by many factors that don't directly affect Valvoline'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 Valvoline's value and its price as these two are different measures arrived at by different means. Investors typically determine if Valvoline is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Valvoline'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.