TVA Net Income Per Share vs Pfcf Ratio Analysis
TVA-B Stock | CAD 0.90 0.05 5.26% |
TVA financial indicator trend analysis is much more than just breaking down TVA Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether TVA Group is a good investment. Please check the relationship between TVA Net Income Per Share and its Pfcf Ratio accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TVA 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 bureau of labor statistics.
Net Income Per Share vs Pfcf Ratio
Net Income Per Share vs Pfcf Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of TVA Group Net Income Per Share account and Pfcf Ratio. At this time, the significance of the direction appears to have weak relationship.
The correlation between TVA's Net Income Per Share and Pfcf Ratio is 0.3. Overlapping area represents the amount of variation of Net Income Per Share that can explain the historical movement of Pfcf Ratio in the same time period over historical financial statements of TVA Group, assuming nothing else is changed. The correlation between historical values of TVA's Net Income Per Share and Pfcf 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 Net Income Per Share of TVA Group are associated (or correlated) with its Pfcf Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pfcf Ratio has no effect on the direction of Net Income Per Share i.e., TVA's Net Income Per Share and Pfcf Ratio go up and down completely randomly.
Correlation Coefficient | 0.3 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Net Income Per Share
Pfcf Ratio
Most indicators from TVA's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into TVA 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 World Market Map to better understand how to build diversified portfolios, which includes a position in TVA 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 bureau of labor statistics. At this time, TVA's Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 295 M in 2024, whereas Selling General Administrative is likely to drop slightly above 114.2 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 622.8M | 594.4M | 545.2M | 549.1M | Depreciation And Amortization | 32.1M | 29.9M | 27.7M | 29.3M |
TVA fundamental ratios Correlations
Click cells to compare fundamentals
TVA Account Relationship Matchups
High Positive Relationship
High Negative Relationship
TVA fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 575.1M | 589.2M | 661.1M | 676.1M | 626.5M | 609.3M | |
Short Long Term Debt Total | 56.1M | 41.0M | 22.3M | 18.8M | 91.7M | 61.6M | |
Other Current Liab | 112.1M | 88.0M | 117.9M | 143.0M | 80.9M | 94.6M | |
Total Current Liabilities | 252.5M | 222.6M | 258.6M | 262.5M | 184.6M | 205.3M | |
Total Stockholder Equity | 289.0M | 311.4M | 379.3M | 393.4M | 347.3M | 303.5M | |
Property Plant And Equipment Net | 184.2M | 175.6M | 169.4M | 165.4M | 148.7M | 152.3M | |
Current Deferred Revenue | 16.9M | 14.1M | 10.0M | 11.0M | 8.4M | 12.5M | |
Net Debt | 52.7M | 38.1M | 17.2M | 27.6M | 91.7M | 56.9M | |
Retained Earnings | 75.9M | 108.2M | 138.7M | 129.8M | 81.9M | 90.9M | |
Accounts Payable | 75.1M | 80.3M | 114.6M | 93.2M | 91.6M | 86.9M | |
Cash | 3.4M | 2.8M | 5.2M | (8.8M) | (7.7M) | (7.3M) | |
Non Current Assets Total | 317.2M | 314.7M | 326.9M | 352.9M | 315.6M | 355.0M | |
Non Currrent Assets Other | 54.7M | 57.2M | 93.9M | 47.8M | 120.2M | 126.3M | |
Cash And Short Term Investments | 3.4M | 2.8M | 5.2M | (8.8M) | 1.0 | 0.95 | |
Net Receivables | 163.1M | 155.5M | 216.6M | 183.7M | 166.8M | 155.1M | |
Liabilities And Stockholders Equity | 575.1M | 589.2M | 661.1M | 676.1M | 626.5M | 609.3M | |
Non Current Liabilities Total | 32.5M | 53.9M | 22.0M | 20.1M | 94.6M | 68.3M | |
Inventory | 3.1M | 3.2M | 3.9M | 629K | 733K | 696.4K | |
Other Current Assets | 3.1M | 3.2M | 3.9M | 138.8M | 143.4M | 150.5M | |
Total Liab | 285.0M | 276.6M | 280.6M | 282.7M | 279.2M | 299.1M | |
Total Current Assets | 258.0M | 274.5M | 334.1M | 323.1M | 310.9M | 254.3M | |
Short Term Debt | 48.1M | 31.8M | 14.5M | 14.7M | 2.1M | 1.9M | |
Intangible Assets | 29.3M | 25.0M | 20.6M | 100.2M | 9.1M | 8.6M | |
Good Will | 7.9M | 9.1M | 23.7M | 21.7M | 16.9M | 16.0M | |
Accumulated Other Comprehensive Income | 5.3M | (4.6M) | 32.7M | 55.7M | 57.6M | 60.4M | |
Other Liab | 24.5M | 44.8M | 14.2M | 13.7M | 15.7M | 20.8M | |
Net Tangible Assets | 183.3M | 207.4M | 264.5M | 268.8M | 309.1M | 204.1M | |
Other Assets | 16.7M | 23.9M | 30.7M | 50.9M | 58.6M | 61.5M | |
Long Term Investments | 10.6M | 11.2M | 12.1M | 12.0M | 12.2M | 9.8M | |
Short Long Term Debt | 44.8M | 28.8M | 12.0M | 10.1M | 176K | 167.2K | |
Property Plant Equipment | 184.2M | 175.6M | 169.4M | 165.4M | 190.2M | 198.8M | |
Non Current Liabilities Other | 986K | 590K | 291K | 2.0M | 1.4M | 1.2M | |
Net Invested Capital | 333.8M | 340.2M | 391.2M | 403.4M | 431.4M | 400.6M | |
Net Working Capital | 5.5M | 51.9M | 75.5M | 60.6M | 126.3M | 132.6M |
Pair Trading with TVA
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 TVA 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 TVA will appreciate offsetting losses from the drop in the long position's value.Moving against TVA Stock
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The ability to find closely correlated positions to TVA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TVA 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 TVA - 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 TVA Group to buy it.
The correlation of TVA 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 TVA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TVA 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 TVA 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.Additional Tools for TVA Stock Analysis
When running TVA's price analysis, check to measure TVA's 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 TVA is operating at the current time. Most of TVA's value examination focuses on studying past and present price action to predict the probability of TVA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TVA's price. Additionally, you may evaluate how the addition of TVA to your portfolios can decrease your overall portfolio volatility.