Clairvest Total Assets vs Cash 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 Total Assets and its Cash 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.
Total Assets vs Cash
Total Assets vs Cash Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clairvest Group Total Assets account and Cash. At this time, the significance of the direction appears to have strong relationship.
The correlation between Clairvest's Total Assets and Cash is 0.64. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Cash 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 Total Assets and Cash is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Clairvest Group are associated (or correlated) with its Cash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash has no effect on the direction of Total Assets i.e., Clairvest's Total Assets and Cash go up and down completely randomly.
Correlation Coefficient | 0.64 |
| Relationship Direction | Positive |
| Relationship Strength | Significant |
Total Assets
Total assets refers to the total amount of Clairvest assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Clairvest Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Cash
Cash refers to the most liquid asset of Clairvest Group, which is listed under current asset account on Clairvest Group balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Clairvest customers. The amounts must be unrestricted with restricted cash listed in a different Clairvest account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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
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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.