Clairvest Free Cash Flow Yield vs Payout Ratio Analysis
| CVG Stock | CAD 70.01 1.49 2.08% |
Clairvest financial indicator trend analysis is way more than just evaluating Clairvest Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Clairvest Group is a good investment. Please check the relationship between Clairvest Free Cash Flow Yield and its Payout Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Clairvest Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Free Cash Flow Yield vs Payout Ratio
Free Cash Flow Yield vs Payout Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clairvest Group Free Cash Flow Yield account and Payout Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between Clairvest's Free Cash Flow Yield and Payout Ratio is 0.3. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Payout Ratio in the same time period over historical financial statements of Clairvest Group, assuming nothing else is changed. The correlation between historical values of Clairvest's Free Cash Flow Yield and Payout Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Clairvest Group are associated (or correlated) with its Payout Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Payout Ratio has no effect on the direction of Free Cash Flow Yield i.e., Clairvest's Free Cash Flow Yield and Payout Ratio go up and down completely randomly.
Correlation Coefficient | 0.3 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Payout Ratio
Payout Ratio is the proportion of Clairvest Group earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of Clairvest Group dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating Clairvest Group is paying out more in dividends than it makes in net income.Most indicators from Clairvest's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Clairvest Group 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 Clairvest Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Clairvest's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.30, while Tax Provision is likely to drop about 171 K.
| 2021 | 2022 | 2023 | 2024 (projected) | Operating Income | 375.7M | 62.1M | 65K | 61.8K | Other Operating Expenses | 45.3M | 68.1M | 29.8M | 27.7M |
Clairvest fundamental ratios Correlations
Click cells to compare fundamentals
Clairvest Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Clairvest fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Common Stock Shares Outstanding | 15.1M | 15.1M | 15.1M | 15.0M | 14.9M | 13.8M | |
| Total Assets | 944.9M | 985.0M | 1.4B | 1.4B | 1.3B | 1.4B | |
| Total Stockholder Equity | 837.4M | 857.8M | 1.2B | 1.2B | 1.2B | 1.2B | |
| Net Debt | (269.2M) | (183.5M) | (215.5M) | (215.5M) | (145.1M) | (137.9M) | |
| Retained Earnings | 756.5M | 777.0M | 1.1B | 1.1B | 1.1B | 1.2B | |
| Cash | 272.9M | 186.8M | 218.4M | 217.9M | 145.1M | 94.7M | |
| Non Current Assets Total | 409.4M | 542.6M | 856.4M | 1.0B | 1.0B | 1.1B | |
| Non Currrent Assets Other | (200.4M) | (128.3M) | (169.1M) | (119.4M) | (1.0B) | (951.1M) | |
| Other Assets | 417.0K | 433K | 5.0M | (1.3B) | (1.2B) | (1.1B) | |
| Cash And Short Term Investments | 428.9M | 279.4M | 348.8M | 288.0M | 205.8M | 136.9M | |
| Net Receivables | 44.4M | 34.3M | 35.5M | 49.3M | 125.5M | 131.7M | |
| Liabilities And Stockholders Equity | 944.9M | 985.0M | 1.4B | 1.4B | 1.3B | 1.4B | |
| Other Stockholder Equity | (837.4M) | (1.6B) | (2.3B) | (2.4B) | (2.2B) | (2.1B) | |
| Total Liab | 107.5M | 127.2M | 174.1M | 135.0M | 165.8M | 174.1M | |
| Total Current Assets | 535.1M | 442.4M | 496.8M | 428.5M | 1.7B | 1.8B | |
| Short Long Term Debt Total | 3.8M | 3.3M | 2.9M | 2.4M | 9.7M | 19.4M | |
| Non Current Liabilities Total | 107.5M | 127.2M | 174.1M | 211.9M | (1.9M) | (1.8M) | |
| Other Current Liab | 43.6M | 72.4M | 77.7M | 96.0M | (16.2M) | (15.4M) | |
| Total Current Liabilities | 57.5M | 81.9M | 84.9M | 135.0M | 18.9M | 17.9M | |
| Accounts Payable | 11.9M | 8.6M | 6.9M | 13.8M | 16.2M | 17.0M | |
| Short Term Investments | 155.9M | 92.6M | 130.4M | 70.1M | 60.7M | 89.5M | |
| Common Stock | 80.9M | 80.8M | 80.8M | 80.6M | 78.8M | 64.6M | |
| Property Plant And Equipment Net | 9.1M | 8.0M | 7.3M | 6.6M | 6.1M | 5.2M | |
| Other Current Assets | 61.8M | 128.7M | 112.5M | 91.2M | 1.3B | 1.4B | |
| Other Liab | 46.2M | 42.0M | 86.3M | 74.5M | 85.7M | 71.5M | |
| Net Tangible Assets | 837.4M | 857.8M | 1.2B | 1.2B | 1.4B | 816.3M | |
| Long Term Investments | 600.7M | 663.0M | 1.0B | 1.1B | 1.1B | 731.0M | |
| Property Plant Equipment | 9.1M | 8.0M | 7.3M | 6.6M | 7.6M | 5.4M | |
| Property Plant And Equipment Gross | 9.1M | 11.3M | 11.8M | 12.2M | 13.1M | 7.9M | |
| Long Term Debt Total | 3.8M | 3.3M | 2.9M | 2.4M | 2.7M | 1.9M | |
| Cash And Equivalents | 26.3M | 27.6M | 13.1M | 1.7M | 1.5M | 1.4M | |
| Capital Stock | 80.9M | 80.8M | 80.8M | 80.6M | 78.8M | 64.4M |
Pair Trading with Clairvest
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 Clairvest 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 Clairvest will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Clairvest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clairvest 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 Clairvest - 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 Clairvest Group to buy it.
The correlation of Clairvest 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 Clairvest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clairvest Group 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 Clairvest 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.Other Information on Investing in Clairvest Stock
Balance Sheet is a snapshot of the financial position of Clairvest Group at a specified time, usually calculated after every quarter, six months, or one year. Clairvest Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Clairvest and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Clairvest currently owns. An asset can also be divided into two categories, current and non-current.