Clairvest Total Stockholder Equity vs Accounts Payable Analysis
| CVG Stock | CAD 71.00 1.51 2.17% |
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 Stockholder Equity and its Accounts Payable 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 Stockholder Equity vs Accounts Payable
Total Stockholder Equity vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Clairvest Group Total Stockholder Equity account and Accounts Payable. At this time, the significance of the direction appears to have weak relationship.
The correlation between Clairvest's Total Stockholder Equity and Accounts Payable is 0.39. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Accounts Payable 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 Stockholder Equity and Accounts Payable 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 Stockholder Equity of Clairvest Group are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Total Stockholder Equity i.e., Clairvest's Total Stockholder Equity and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.39 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Accounts Payable
An accounting item on the balance sheet that represents Clairvest obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Clairvest Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.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 26th of November 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 | 1.3M | 1.2M | Other Operating Expenses | 45.3M | 68.1M | 2.9M | 2.8M |
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 | 14.1M | 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 | 1.3B | 1.4B | |
| Net Debt | (269.2M) | (183.5M) | (215.5M) | (215.5M) | (135.4M) | (128.7M) | |
| Retained Earnings | 756.5M | 777.0M | 1.1B | 1.1B | 1.2B | 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 | 1.4B | 1.5B | |
| Non Currrent Assets Other | (200.4M) | (128.3M) | (169.1M) | (119.4M) | 60.7M | 63.7M | |
| Other Assets | 417.0K | 433K | 5.0M | (1.7B) | (1.6B) | (1.5B) | |
| Cash And Short Term Investments | 428.9M | 279.4M | 348.8M | 288.0M | 205.8M | 136.9M | |
| Net Receivables | 53.8M | 126.8M | 104.3M | 90.1M | 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 | 78.8M | 77.3M | |
| 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 | (165.4M) | (157.2M) | |
| Other Current Liab | 45.6M | 73.4M | 78.1M | 121.2M | 21.4M | 31.6M | |
| Total Current Liabilities | 57.5M | 81.9M | 84.9M | 135.0M | 37.6M | 44.5M | |
| Accounts Payable | 11.9M | 8.6M | 6.9M | 13.8M | 16.2M | 9.3M | |
| 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 | (506.7M) | (391.3M) | (429.9M) | (446.6M) | 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.Moving against Clairvest Stock
| 0.57 | NXE | NexGen Energy | PairCorr |
| 0.47 | CNQ | Canadian Natural Res | PairCorr |
| 0.46 | ECN | ECN Capital Corp | PairCorr |
| 0.37 | ASM | Avino Silver Gold | PairCorr |
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.