CVGW Stock | | | USD 27.71 0.08 0.29% |
Calavo Growers financial indicator trend analysis is way more than just evaluating Calavo Growers prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Calavo Growers is a good investment. Please check the relationship between Calavo Growers Cash and its Non Current Assets Total accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Calavo Growers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Calavo Stock please use our
How to Invest in Calavo Growers guide.
Cash vs Non Current Assets Total
Cash vs Non Current Assets Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Calavo Growers Cash account and
Non Current Assets Total. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Calavo Growers' Cash and Non Current Assets Total is -0.21. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Calavo Growers, assuming nothing else is changed. The correlation between historical values of Calavo Growers' Cash and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Calavo Growers are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Cash i.e., Calavo Growers' Cash and Non Current Assets Total go up and down completely randomly.
Correlation Coefficient | -0.21 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Calavo Growers, which is listed under current asset account on Calavo Growers balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Calavo Growers customers. The amounts must be unrestricted with restricted cash listed in a different Calavo Growers 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.
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Calavo Growers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Calavo Growers 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 Calavo Growers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in price.
For more information on how to buy Calavo Stock please use our
How to Invest in Calavo Growers guide.
Tax Provision is likely to climb to about 8.9
M in 2024, whereas
Selling General Administrative is likely to drop slightly above 39.2
M in 2024.
Calavo Growers fundamental ratios Correlations
Click cells to compare fundamentals
Calavo Growers Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Calavo Growers fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Calavo Stock Analysis
When running Calavo Growers' price analysis, check to
measure Calavo Growers' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Calavo Growers is operating at the current time. Most of Calavo Growers' value examination focuses on studying past and present price action to
predict the probability of Calavo Growers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Calavo Growers' price. Additionally, you may evaluate how the addition of Calavo Growers to your portfolios can decrease your overall portfolio volatility.