Cavco Deferred Long Term Liab vs Short Term Investments Analysis

CVCO Stock  USD 500.00  3.69  0.73%   
Cavco Industries financial indicator trend analysis is way more than just evaluating Cavco Industries prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cavco Industries is a good investment. Please check the relationship between Cavco Industries Deferred Long Term Liab and its Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. 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 Cavco Stock, please use our How to Invest in Cavco Industries guide.

Deferred Long Term Liab vs Short Term Investments

Deferred Long Term Liab vs Short Term Investments Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cavco Industries Deferred Long Term Liab account and Short Term Investments. At this time, the significance of the direction appears to have pay attention.
The correlation between Cavco Industries' Deferred Long Term Liab and Short Term Investments is -0.71. Overlapping area represents the amount of variation of Deferred Long Term Liab that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Cavco Industries, assuming nothing else is changed. The correlation between historical values of Cavco Industries' Deferred Long Term Liab 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 Deferred Long Term Liab of Cavco Industries are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Deferred Long Term Liab i.e., Cavco Industries' Deferred Long Term Liab and Short Term Investments go up and down completely randomly.

Correlation Coefficient

-0.71
Relationship DirectionNegative 
Relationship StrengthWeak

Deferred Long Term Liab

Liabilities that are due after more than one year, including deferred tax liabilities and deferred revenue.

Short Term Investments

Short Term Investments is an item under the current assets section of Cavco Industries balance sheet. It contains any investments Cavco Industries undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Cavco Industries can easily liquidate in the marketplace.
Most indicators from Cavco Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cavco Industries 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 Cavco Industries. 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 Cavco Stock, please use our How to Invest in Cavco Industries guide.At this time, Cavco Industries' Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value Over EBITDA is likely to grow to 19.63, while Tax Provision is likely to drop about 26.5 M.
 2021 2022 2023 2024 (projected)
Interest Expense702K910K1.6M2.2M
Depreciation And Amortization11.0M16.9M18.5M19.5M

Cavco Industries fundamental ratios Correlations

-0.20.970.980.990.97-0.920.960.980.730.53-0.330.980.93-0.140.960.940.990.94-0.870.7-0.590.820.060.960.97
-0.2-0.29-0.23-0.22-0.230.39-0.13-0.24-0.410.220.56-0.19-0.470.42-0.05-0.19-0.22-0.20.14-0.20.53-0.13-0.59-0.22-0.26
0.97-0.290.980.970.94-0.930.90.970.760.47-0.450.950.97-0.210.920.910.980.94-0.820.71-0.690.830.20.940.96
0.98-0.230.980.970.91-0.930.90.990.720.59-0.430.960.93-0.050.950.860.990.94-0.890.8-0.650.880.060.90.92
0.99-0.220.970.970.96-0.940.930.980.740.55-0.430.960.94-0.170.920.930.990.95-0.860.7-0.680.810.130.950.98
0.97-0.230.940.910.96-0.840.980.930.80.33-0.280.970.94-0.350.90.990.940.85-0.750.54-0.550.670.221.00.99
-0.920.39-0.93-0.93-0.94-0.84-0.8-0.91-0.65-0.550.54-0.84-0.910.1-0.83-0.82-0.95-0.980.88-0.740.75-0.86-0.11-0.84-0.89
0.96-0.130.90.90.930.98-0.80.920.710.4-0.120.960.87-0.20.950.950.920.83-0.790.56-0.40.690.020.970.95
0.98-0.240.970.990.980.93-0.910.920.750.56-0.430.980.94-0.110.940.890.990.92-0.870.78-0.660.850.110.930.95
0.73-0.410.760.720.740.8-0.650.710.750.12-0.440.780.82-0.490.620.760.720.59-0.50.58-0.630.550.490.790.79
0.530.220.470.590.550.33-0.550.40.560.12-0.170.480.310.670.590.270.570.62-0.670.73-0.290.75-0.530.310.37
-0.330.56-0.45-0.43-0.43-0.280.54-0.12-0.43-0.44-0.17-0.31-0.540.29-0.11-0.26-0.42-0.450.37-0.440.94-0.36-0.61-0.28-0.39
0.98-0.190.950.960.960.97-0.840.960.980.780.48-0.310.92-0.170.950.920.960.86-0.820.69-0.560.770.120.960.95
0.93-0.470.970.930.940.94-0.910.870.940.820.31-0.540.92-0.380.830.910.930.87-0.730.63-0.750.720.380.940.95
-0.140.42-0.21-0.05-0.17-0.350.1-0.2-0.11-0.490.670.29-0.17-0.380.04-0.42-0.11-0.03-0.190.320.340.28-0.86-0.37-0.35
0.96-0.050.920.950.920.9-0.830.950.940.620.59-0.110.950.830.040.860.930.87-0.850.7-0.380.84-0.140.90.88
0.94-0.190.910.860.930.99-0.820.950.890.760.27-0.260.920.91-0.420.860.910.84-0.70.46-0.530.610.240.990.98
0.99-0.220.980.990.990.94-0.950.920.990.720.57-0.420.960.93-0.110.930.910.97-0.890.74-0.670.860.080.940.96
0.94-0.20.940.940.950.85-0.980.830.920.590.62-0.450.860.87-0.030.870.840.97-0.90.72-0.680.870.00.860.9
-0.870.14-0.82-0.89-0.86-0.750.88-0.79-0.87-0.5-0.670.37-0.82-0.73-0.19-0.85-0.7-0.89-0.9-0.790.54-0.870.22-0.73-0.78
0.7-0.20.710.80.70.54-0.740.560.780.580.73-0.440.690.630.320.70.460.740.72-0.79-0.560.94-0.140.530.58
-0.590.53-0.69-0.65-0.68-0.550.75-0.4-0.66-0.63-0.290.94-0.56-0.750.34-0.38-0.53-0.67-0.680.54-0.56-0.55-0.58-0.55-0.65
0.82-0.130.830.880.810.67-0.860.690.850.550.75-0.360.770.720.280.840.610.860.87-0.870.94-0.55-0.190.670.71
0.06-0.590.20.060.130.22-0.110.020.110.49-0.53-0.610.120.38-0.86-0.140.240.080.00.22-0.14-0.58-0.190.230.24
0.96-0.220.940.90.951.0-0.840.970.930.790.31-0.280.960.94-0.370.90.990.940.86-0.730.53-0.550.670.230.99
0.97-0.260.960.920.980.99-0.890.950.950.790.37-0.390.950.95-0.350.880.980.960.9-0.780.58-0.650.710.240.99
Click cells to compare fundamentals

Cavco Industries Account Relationship Matchups

Cavco Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets810.4M951.8M1.2B1.3B1.4B1.4B
Short Long Term Debt Total25.7M25.5M24.8M21.7M35.1M42.4M
Other Current Liab117.9M203.2M225.4M234.8M239.7M251.7M
Total Current Liabilities172.1M237.1M294.2M293.4M273.3M286.9M
Total Stockholder Equity607.6M683.6M830.5M976.3M1.0B1.1B
Property Plant And Equipment Net91.1M113.0M181.0M255.0M263.2M276.4M
Net Debt(216.1M)(296.7M)(219.4M)(249.7M)(317.5M)(301.7M)
Non Current Assets Total294.2M300.0M410.9M503.4M502.4M527.5M
Net Receivables90.6M104.3M149.3M150.4M141.2M148.2M
Common Stock Shares Outstanding9.3M9.3M9.3M8.9M8.6M8.6M
Liabilities And Stockholders Equity810.4M951.8M1.2B1.3B1.4B1.4B
Non Current Liabilities Total30.7M31.1M29.5M37.1M47.5M40.9M
Inventory113.5M131.2M244.0M263.2M241.3M253.4M
Other Current Assets42.2M74.5M86.6M104.6M98.4M103.3M
Other Stockholder Equity252.3M252.4M202.0M107.5M6.5M6.2M
Total Liab202.8M268.2M323.7M330.5M320.7M336.8M
Property Plant And Equipment Gross91.1M113.0M181.0M255.0M339.9M356.9M
Total Current Assets516.2M651.8M744.1M804.6M851.8M894.4M
Accumulated Other Comprehensive Income90K97K(403K)(615K)(333K)(316.4K)
Cash And Short Term Investments256.4M341.8M264.2M286.4M371.0M389.5M
Other Liab7.0M7.3M7.4M5.5M5.0M4.7M
Accounts Payable29.9M32.1M43.1M30.7M33.5M17.6M
Long Term Debt14.6M12.7M10.3M10.8M9.8M9.3M
Short Term Investments14.6M19.5M20.1M15.0M18.3M12.7M
Intangible Assets15.1M14.4M28.5M29.8M28.2M30.6M
Property Plant Equipment77.2M113.0M181.0M228.3M262.5M275.6M
Retained Earnings355.1M431.1M628.8M869.3M1.0B1.1B
Cash241.8M322.3M244.2M271.4M352.7M370.3M
Short Term Debt2.2M1.8M(24.9M)6.6M5.4M6.7M
Net Tangible Assets528.1M594.2M701.0M968.2M1.1B1.2B
Current Deferred Revenue22.1M41.8M56.3M45.2M33.4M28.1M
Retained Earnings Total Equity280.1M355.1M431.1M869.3M999.7M1.0B
Capital Surpluse249.4M252.3M253.8M272.0M312.7M249.7M
Deferred Long Term Liab7.0M7.3M7.4M7.6M6.8M11.0M
Long Term Investments112.6M35.0M34.9M99.7M17.3M16.5M

Pair Trading with Cavco Industries

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 Cavco Industries 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 Cavco Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cavco Stock

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Moving against Cavco Stock

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  0.61CRI CartersPairCorr
The ability to find closely correlated positions to Cavco Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cavco Industries 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 Cavco Industries - 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 Cavco Industries to buy it.
The correlation of Cavco Industries 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 Cavco Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cavco Industries 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 Cavco Industries 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 CorrelationCorrelation Matching
When determining whether Cavco Industries offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cavco Industries' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cavco Industries Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cavco Industries Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cavco Industries. 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 Cavco Stock, please use our How to Invest in Cavco Industries guide.
You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Is Household Durables 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 Cavco Industries. If investors know Cavco 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 Cavco Industries 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
0.109
Earnings Share
17.7
Revenue Per Share
223.038
Quarterly Revenue Growth
0.123
Return On Assets
0.0739
The market value of Cavco Industries is measured differently than its book value, which is the value of Cavco that is recorded on the company's balance sheet. Investors also form their own opinion of Cavco Industries' value that differs from its market value or its book value, called intrinsic value, which is Cavco Industries' 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 Cavco Industries' market value can be influenced by many factors that don't directly affect Cavco Industries' 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 Cavco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cavco Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cavco Industries' 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.