Vita Other Current Liab vs Cash And Short Term Investments Analysis
| COCO Stock | USD 35.54 0.08 0.22% |
Vita Coco financial indicator trend analysis is much more than just breaking down Vita Coco prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vita Coco is a good investment. Please check the relationship between Vita Coco Other Current Liab and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Vita Coco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Vita Stock, please use our How to Invest in Vita Coco guide.
Other Current Liab vs Cash And Short Term Investments
Other Current Liab vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vita Coco Other Current Liab account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between Vita Coco's Other Current Liab and Cash And Short Term Investments is 0.61. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Vita Coco, assuming nothing else is changed. The correlation between historical values of Vita Coco's Other Current Liab and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Vita Coco are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Other Current Liab i.e., Vita Coco's Other Current Liab and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.61 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Other Current Liab
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Vita Coco balance sheet. This account contains Vita Coco investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Vita Coco 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.Most indicators from Vita Coco's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vita Coco 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 Vita Coco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Vita Stock, please use our How to Invest in Vita Coco guide.At this time, Vita Coco's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 1st of December 2024, Enterprise Value Multiple is likely to grow to 35.87, while Tax Provision is likely to drop about 6.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 2.1M | 3.0M | 660K | 627K | Interest Income | 127K | 51K | 1.1M | 1.2M |
Vita Coco fundamental ratios Correlations
Click cells to compare fundamentals
Vita Coco Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Vita Coco
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 Vita Coco 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 Vita Coco will appreciate offsetting losses from the drop in the long position's value.Moving together with Vita Stock
| 0.84 | FIZZ | National Beverage Corp Earnings Call This Week | PairCorr |
Moving against Vita Stock
| 0.89 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.87 | CL | Colgate Palmolive Sell-off Trend | PairCorr |
| 0.85 | PEP | PepsiCo | PairCorr |
| 0.84 | KDP | Keurig Dr Pepper | PairCorr |
| 0.82 | EL | Estee Lauder Companies | PairCorr |
The ability to find closely correlated positions to Vita Coco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vita Coco 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 Vita Coco - 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 Vita Coco to buy it.
The correlation of Vita Coco 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 Vita Coco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vita Coco 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 Vita Coco 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Vita Coco. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Vita Stock, please use our How to Invest in Vita Coco guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Is Soft Drinks & Non-alcoholic Beverages space 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 Vita Coco. If investors know Vita 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 Vita Coco 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 0.231 | Earnings Share 1 | Revenue Per Share 8.724 | Quarterly Revenue Growth (0.04) | Return On Assets 0.1515 |
The market value of Vita Coco is measured differently than its book value, which is the value of Vita that is recorded on the company's balance sheet. Investors also form their own opinion of Vita Coco's value that differs from its market value or its book value, called intrinsic value, which is Vita Coco'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 Vita Coco's market value can be influenced by many factors that don't directly affect Vita Coco'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 Vita Coco's value and its price as these two are different measures arrived at by different means. Investors typically determine if Vita Coco is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vita Coco'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.