Clairvest Price To Sales Ratio vs Income Quality 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 Price To Sales Ratio and its Income Quality 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.

Price To Sales Ratio vs Income Quality

Price To Sales Ratio vs Income Quality Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clairvest Group Price To Sales Ratio account and Income Quality. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Clairvest's Price To Sales Ratio and Income Quality is 0.94. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Income Quality 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 Price To Sales Ratio and Income Quality is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Clairvest Group are associated (or correlated) with its Income Quality. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Quality has no effect on the direction of Price To Sales Ratio i.e., Clairvest's Price To Sales Ratio and Income Quality go up and down completely randomly.

Correlation Coefficient

0.94

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Price To Sales Ratio

Price to Sales Ratio is figured by comparing Clairvest Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Clairvest sales, a figure that is much harder to manipulate than other Clairvest Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.

Income Quality

An assessment of the sustainability of a company's earnings over time, considering factors like revenue source diversification and cost structure.

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

Operating Income Other Operating Expenses

Clairvest fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Non Current Liabilities Total	Other Current Liab	Total Current Liabilities	Accounts Payable	Common Stock Total Equity	Short Term Investments	Common Stock	Property Plant And Equipment Net	Inventory	Other Current Assets	Other Liab
Common Stock Shares Outstanding		-0.59	-0.59	0.46	-0.59	-0.41	-0.54	0.34	0.25	-0.35	-0.56	0.49	-0.57	-0.45	0.83	0.0	-0.1	-0.21	-0.31	0.46	-0.04	0.45	-0.36	-0.4	-0.35	-0.25
Total Assets	-0.59		1.0	-0.69	1.0	0.64	0.93	-0.42	-0.58	0.61	0.69	-0.97	0.89	0.74	-0.25	0.2	0.49	0.62	0.75	-0.46	0.46	-0.38	0.74	0.7	0.58	0.47
Total Stockholder Equity	-0.59	1.0		-0.69	1.0	0.63	0.92	-0.41	-0.59	0.62	0.69	-0.96	0.87	0.76	-0.24	0.17	0.49	0.63	0.77	-0.48	0.48	-0.4	0.76	0.7	0.6	0.44
Net Debt	0.46	-0.69	-0.69		-0.69	-0.99	-0.39	-0.09	-0.02	-0.97	-0.24	0.66	-0.6	-0.35	0.37	-0.43	-0.46	-0.79	-0.52	0.0	-0.77	0.0	-0.86	-0.38	-0.06	-0.01
Retained Earnings	-0.59	1.0	1.0	-0.69		0.64	0.92	-0.41	-0.59	0.62	0.69	-0.96	0.87	0.76	-0.25	0.17	0.49	0.62	0.77	-0.48	0.48	-0.4	0.75	0.69	0.59	0.44
Cash	-0.41	0.64	0.63	-0.99	0.64		0.32	0.16	0.09	0.98	0.15	-0.61	0.55	0.26	-0.4	0.49	0.49	0.8	0.44	0.12	0.75	0.13	0.84	0.33	-0.03	0.0
Non Current Assets Total	-0.54	0.93	0.92	-0.39	0.92	0.32		-0.6	-0.76	0.28	0.74	-0.91	0.85	0.74	-0.17	0.08	0.37	0.39	0.66	-0.57	0.14	-0.47	0.46	0.69	0.68	0.65
Non Currrent Assets Other	0.34	-0.42	-0.41	-0.09	-0.41	0.16	-0.6		0.49	0.17	-0.79	0.42	-0.59	-0.7	-0.05	0.48	0.38	0.38	-0.43	0.68	0.15	0.52	0.06	-0.56	-0.79	-0.59
Other Assets	0.25	-0.58	-0.59	-0.02	-0.59	0.09	-0.76	0.49		0.12	-0.6	0.51	-0.35	-0.63	-0.08	0.23	-0.27	-0.13	-0.62	0.62	0.17	0.51	-0.18	-0.68	-0.7	-0.36
Cash And Short Term Investments	-0.35	0.61	0.62	-0.97	0.62	0.98	0.28	0.17	0.12		0.16	-0.59	0.51	0.29	-0.33	0.4	0.47	0.8	0.51	0.09	0.86	0.1	0.88	0.3	-0.01	-0.07
Net Receivables	-0.56	0.69	0.69	-0.24	0.69	0.15	0.74	-0.79	-0.6	0.16		-0.62	0.64	0.91	-0.1	-0.44	-0.17	0.03	0.71	-0.81	0.15	-0.66	0.37	0.66	0.9	0.34
Other Stockholder Equity	0.49	-0.97	-0.96	0.66	-0.96	-0.61	-0.91	0.42	0.51	-0.59	-0.62		-0.92	-0.67	0.19	-0.28	-0.48	-0.64	-0.69	0.36	-0.43	0.28	-0.68	-0.63	-0.52	-0.54
Total Liab	-0.57	0.89	0.87	-0.6	0.87	0.55	0.85	-0.59	-0.35	0.51	0.64	-0.92		0.63	-0.25	0.26	0.3	0.4	0.53	-0.35	0.35	-0.28	0.56	0.62	0.5	0.67
Total Current Assets	-0.45	0.74	0.76	-0.35	0.76	0.26	0.74	-0.7	-0.63	0.29	0.91	-0.67	0.63		0.04	-0.48	-0.06	0.13	0.84	-0.86	0.33	-0.71	0.49	0.68	0.95	0.25
Short Long Term Debt Total	0.83	-0.25	-0.24	0.37	-0.25	-0.4	-0.17	-0.05	-0.08	-0.33	-0.1	0.19	-0.25	0.04		-0.24	-0.15	-0.22	0.05	-0.04	0.08	-0.03	-0.2	-0.06	0.14	-0.12
Non Current Liabilities Total	0.0	0.2	0.17	-0.43	0.17	0.49	0.08	0.48	0.23	0.4	-0.44	-0.28	0.26	-0.48	-0.24		0.63	0.63	-0.25	0.67	0.16	0.55	0.24	-0.09	-0.63	0.26
Other Current Liab	-0.1	0.49	0.49	-0.46	0.49	0.49	0.37	0.38	-0.27	0.47	-0.17	-0.48	0.3	-0.06	-0.15	0.63		0.76	0.2	0.28	0.33	0.22	0.6	0.31	-0.21	0.05
Total Current Liabilities	-0.21	0.62	0.63	-0.79	0.62	0.8	0.39	0.38	-0.13	0.8	0.03	-0.64	0.4	0.13	-0.22	0.63	0.76		0.47	0.18	0.65	0.14	0.78	0.26	-0.12	-0.05
Accounts Payable	-0.31	0.75	0.77	-0.52	0.77	0.44	0.66	-0.43	-0.62	0.51	0.71	-0.69	0.53	0.84	0.05	-0.25	0.2	0.47		-0.62	0.58	-0.51	0.65	0.72	0.71	0.12
Common Stock Total Equity	0.46	-0.46	-0.48	0.0	-0.48	0.12	-0.57	0.68	0.62	0.09	-0.81	0.36	-0.35	-0.86	-0.04	0.67	0.28	0.18	-0.62		-0.03	0.94	-0.13	-0.48	-0.92	-0.14
Short Term Investments	-0.04	0.46	0.48	-0.77	0.48	0.75	0.14	0.15	0.17	0.86	0.15	-0.43	0.35	0.33	0.08	0.16	0.33	0.65	0.58	-0.03		-0.05	0.79	0.2	0.08	-0.21
Common Stock	0.45	-0.38	-0.4	0.0	-0.4	0.13	-0.47	0.52	0.51	0.1	-0.66	0.28	-0.28	-0.71	-0.03	0.55	0.22	0.14	-0.51	0.94	-0.05		-0.08	-0.38	-0.75	-0.06
Property Plant And Equipment Net	-0.36	0.74	0.76	-0.86	0.75	0.84	0.46	0.06	-0.18	0.88	0.37	-0.68	0.56	0.49	-0.2	0.24	0.6	0.78	0.65	-0.13	0.79	-0.08		0.52	0.24	-0.08
Inventory	-0.4	0.7	0.7	-0.38	0.69	0.33	0.69	-0.56	-0.68	0.3	0.66	-0.63	0.62	0.68	-0.06	-0.09	0.31	0.26	0.72	-0.48	0.2	-0.38	0.52		0.61	0.34
Other Current Assets	-0.35	0.58	0.6	-0.06	0.59	-0.03	0.68	-0.79	-0.7	-0.01	0.9	-0.52	0.5	0.95	0.14	-0.63	-0.21	-0.12	0.71	-0.92	0.08	-0.75	0.24	0.61		0.29
Other Liab	-0.25	0.47	0.44	-0.01	0.44	0.0	0.65	-0.59	-0.36	-0.07	0.34	-0.54	0.67	0.25	-0.12	0.26	0.05	-0.05	0.12	-0.14	-0.21	-0.06	-0.08	0.34	0.29

Click cells to compare fundamentals

Clairvest Account Relationship Matchups

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.

Pair Correlation Correlation Matching

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.

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Clairvest Price To Sales Ratio vs Income Quality Analysis

Price To Sales Ratio vs Income Quality

Price To Sales Ratio vs Income Quality Correlation Analysis

Correlation Coefficient

Price To Sales Ratio

Income Quality

Clairvest fundamental ratios Correlations

Clairvest Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Clairvest fundamental ratios Accounts

Pair Trading with Clairvest

Other Information on Investing in Clairvest Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 0.98	Cash
Other Current Assets	+ 0.95	Total Current Assets
Common Stock	+ 0.94	Common Stock Total Equity

Cash	- 0.99	Net Debt
Cash And Short Term Investments	- 0.97	Net Debt
Other Stockholder Equity	- 0.97	Total Assets
Other Stockholder Equity	- 0.96	Retained Earnings
Other Stockholder Equity	- 0.96	Total Stockholder Equity
Other Current Assets	- 0.92	Common Stock Total Equity