Savaria Dividend Yield vs Book Value Per Share Analysis
| SIS Stock | CAD 21.06 1.95 8.47% |
Savaria financial indicator trend analysis is much more than just breaking down Savaria prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Savaria is a good investment. Please check the relationship between Savaria Dividend Yield and its Book Value Per Share accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Savaria. 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.
Dividend Yield vs Book Value Per Share
Dividend Yield vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Savaria Dividend Yield account and Book Value Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Savaria's Dividend Yield and Book Value Per Share is -0.43. Overlapping area represents the amount of variation of Dividend Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Savaria, assuming nothing else is changed. The correlation between historical values of Savaria's Dividend Yield and Book Value Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividend Yield of Savaria are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Dividend Yield i.e., Savaria's Dividend Yield and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | -0.43 |
| Relationship Direction | Negative |
| Relationship Strength | Very Weak |
Dividend Yield
Dividend Yield is Savaria dividend as a percentage of Savaria stock price. Savaria dividend yield is a measure of Savaria stock productivity, which can be interpreted as interest rate earned on an Savaria investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most indicators from Savaria's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Savaria 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 Savaria. 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, Savaria's Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Tax Provision is likely to drop about 7.8 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 11.9M | 16.4M | 24.4M | 25.6M | Depreciation And Amortization | 49.3M | 49.1M | 49.1M | 51.6M |
Savaria fundamental ratios Correlations
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Savaria Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Savaria fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 439.0M | 453.3M | 1.1B | 1.1B | 1.1B | 1.2B | |
| Short Long Term Debt Total | 79.2M | 78.0M | 432.3M | 410.1M | 319.4M | 335.4M | |
| Other Current Liab | 6.4M | 5.8M | 63.2M | 44.1M | 36.6M | 38.4M | |
| Total Current Liabilities | 67.9M | 68.1M | 166.4M | 182.4M | 170.5M | 179.1M | |
| Total Stockholder Equity | 270.1M | 279.7M | 434.6M | 453.0M | 549M | 576.5M | |
| Property Plant And Equipment Net | 73.2M | 71.1M | 106.1M | 101.0M | 100.8M | 105.9M | |
| Current Deferred Revenue | 23.0M | 24.1M | 35.4M | 40.8M | 41.9M | 44.0M | |
| Net Debt | 39.5M | 23.9M | 368.8M | 365.3M | 265.3M | 278.6M | |
| Retained Earnings | 17.1M | 19.8M | (5.6M) | (2.9M) | (3.2M) | (3.0M) | |
| Accounts Payable | 23.8M | 23.5M | 85.4M | 74.6M | 76M | 79.8M | |
| Cash | 39.7M | 54.2M | 63.5M | 44.7M | 54.1M | 56.8M | |
| Non Current Assets Total | 272.4M | 271.6M | 786.2M | 782.6M | 763.9M | 802.1M | |
| Non Currrent Assets Other | 1.9M | 1.5M | 1.4M | 721K | 7.0M | 7.3M | |
| Cash And Short Term Investments | 39.7M | 54.2M | 63.5M | 44.7M | 54.3M | 57.0M | |
| Net Receivables | 48.8M | 47.8M | 108.2M | 102.2M | 117.5M | 123.3M | |
| Common Stock Shares Outstanding | 48.7M | 50.9M | 62.2M | 64.5M | 66.5M | 37.1M | |
| Liabilities And Stockholders Equity | 439.0M | 453.3M | 1.1B | 1.1B | 1.1B | 1.2B | |
| Non Current Liabilities Total | 101.0M | 105.5M | 505.9M | 474.6M | 382.0M | 401.1M | |
| Inventory | 72.4M | 75.3M | 128.5M | 144.3M | 143.9M | 151.1M | |
| Other Current Assets | 5.7M | 4.4M | 15.9M | 36.1M | 22.3M | 23.4M | |
| Other Stockholder Equity | 5.9M | 6.4M | 7.0M | 8.2M | 9.6M | 5.2M | |
| Total Liab | 169.0M | 173.6M | 672.3M | 657.0M | 552.6M | 580.2M | |
| Property Plant And Equipment Gross | 73.2M | 71.1M | 129.7M | 132.0M | 138.5M | 145.4M | |
| Total Current Assets | 166.6M | 181.7M | 320.7M | 327.3M | 337.7M | 354.6M | |
| Short Term Debt | 6.2M | 4.8M | 11.0M | 9.3M | 9.9M | 10.4M | |
| Accumulated Other Comprehensive Income | (5.1M) | (1.8M) | (19.8M) | (8.8M) | (8.7M) | (8.3M) | |
| Intangible Assets | 71.4M | 67.5M | 258.3M | 236.9M | 214.0M | 224.7M | |
| Good Will | 119.8M | 120.8M | 400.8M | 412.2M | 414.3M | 435.0M | |
| Common Stock Total Equity | 120.4M | 179.3M | 252.2M | 255.3M | 293.6M | 308.3M | |
| Common Stock | 252.2M | 255.3M | 453.0M | 456.4M | 551.4M | 578.9M | |
| Other Liab | 27.3M | 29.3M | 83.5M | 73.8M | 84.9M | 89.1M | |
| Net Tangible Assets | 78.8M | 91.4M | (224.5M) | (196.2M) | (176.6M) | (167.8M) | |
| Other Assets | 8.0M | 12.3M | 21.0M | 32.5M | 37.4M | 39.3M | |
| Long Term Debt | 49.1M | 49.8M | 378.9M | 365.7M | 276.8M | 290.6M | |
| Short Long Term Debt | 2.8M | 1.1M | 1.1M | 1.2M | 1.2M | 1.1M | |
| Property Plant Equipment | 73.2M | 71.1M | 106.1M | 101.0M | 116.1M | 121.9M | |
| Long Term Debt Total | 97.3M | 72.9M | 73.2M | 421.4M | 484.6M | 508.8M | |
| Capital Surpluse | 4.4M | 5.9M | 6.4M | 7.0M | 8.1M | 5.0M |
Pair Trading with Savaria
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 Savaria 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 Savaria will appreciate offsetting losses from the drop in the long position's value.Moving together with Savaria Stock
Moving against Savaria Stock
The ability to find closely correlated positions to Savaria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Savaria 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 Savaria - 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 Savaria to buy it.
The correlation of Savaria 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 Savaria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Savaria 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 Savaria 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 Savaria Stock
Balance Sheet is a snapshot of the financial position of Savaria at a specified time, usually calculated after every quarter, six months, or one year. Savaria Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Savaria 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 Savaria currently owns. An asset can also be divided into two categories, current and non-current.