Sernova Days Payables Outstanding vs Free Cash Flow Yield Analysis

SVA Stock

0.22 0.01 4.35%

Sernova Corp financial indicator trend analysis is much more than just breaking down Sernova Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sernova Corp is a good investment. Please check the relationship between Sernova Corp Days Payables Outstanding and its Free Cash Flow Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sernova Corp. 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.

Days Payables Outstanding vs Free Cash Flow Yield

Days Payables Outstanding vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sernova Corp Days Payables Outstanding account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Sernova Corp's Days Payables Outstanding and Free Cash Flow Yield is -0.29. Overlapping area represents the amount of variation of Days Payables Outstanding that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Sernova Corp, assuming nothing else is changed. The correlation between historical values of Sernova Corp's Days Payables Outstanding and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Payables Outstanding of Sernova Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Days Payables Outstanding i.e., Sernova Corp's Days Payables Outstanding and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.29

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Days Payables Outstanding

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Sernova Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sernova Corp 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 Sernova Corp. 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, Sernova Corp's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Enterprise Value is likely to grow to about 209.7 M, while Issuance Of Capital Stock is likely to drop 0.00.

	2021	2022	2023	2024 (projected)
Other Operating Expenses	24.8M	41.1M	47.3M	49.7M
Depreciation And Amortization	440.0K	445.6K	512.4K	379.3K

Other Operating Expenses Depreciation And Amortization

Sernova Corp fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Cash	Cash And Short Term Investments	Common Stock Shares Outstanding	Total Current Assets	Common Stock	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Accounts Payable	Non Current Assets Total	Net Receivables	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Other Stockholder Equity	Intangible Assets	Current Deferred Revenue	Short Long Term Debt Total	Short Term Debt	Non Currrent Assets Other
Total Assets		0.93	-0.5	-0.71	0.54	1.0	0.74	1.0	0.82	0.59	0.62	0.78	0.62	0.55	0.72	0.85	-0.13	0.33	-0.01	0.63	0.46	-0.41	-0.33	-0.61	0.79	0.5
Total Stockholder Equity	0.93		-0.47	-0.45	0.47	0.93	0.49	0.93	0.57	0.27	0.3	0.55	0.3	0.51	0.48	0.82	-0.01	0.2	-0.02	0.31	0.24	-0.18	0.01	-0.4	0.58	0.43
Net Debt	-0.5	-0.47		0.41	-0.99	-0.5	-0.49	-0.5	-0.46	-0.41	-0.29	-0.24	-0.23	-0.38	-0.28	0.02	-0.12	-0.21	0.16	-0.3	-0.19	0.24	0.15	0.37	-0.52	-0.71
Retained Earnings	-0.71	-0.45	0.41		-0.48	-0.69	-0.96	-0.71	-0.96	-0.93	-0.93	-0.89	-0.92	-0.32	-0.91	-0.52	0.24	-0.56	-0.13	-0.94	-0.63	0.61	0.57	0.62	-0.78	-0.48
Cash	0.54	0.47	-0.99	-0.48		0.54	0.57	0.53	0.54	0.5	0.38	0.32	0.33	0.4	0.36	0.02	0.09	0.26	-0.16	0.4	0.26	-0.3	-0.27	-0.43	0.59	0.73
Cash And Short Term Investments	1.0	0.93	-0.5	-0.69	0.54		0.72	1.0	0.8	0.57	0.6	0.76	0.6	0.54	0.7	0.85	-0.13	0.31	-0.03	0.61	0.44	-0.41	-0.32	-0.61	0.78	0.49
Common Stock Shares Outstanding	0.74	0.49	-0.49	-0.96	0.57	0.72		0.74	0.97	0.9	0.88	0.86	0.86	0.32	0.9	0.49	-0.16	0.7	0.12	0.89	0.58	-0.51	-0.65	-0.51	0.73	0.53
Total Current Assets	1.0	0.93	-0.5	-0.71	0.53	1.0	0.74		0.82	0.59	0.61	0.78	0.61	0.53	0.72	0.85	-0.14	0.33	-0.01	0.62	0.44	-0.42	-0.33	-0.61	0.79	0.49
Common Stock	0.82	0.57	-0.46	-0.96	0.54	0.8	0.97	0.82		0.91	0.92	0.92	0.91	0.33	0.93	0.61	-0.22	0.52	0.09	0.92	0.55	-0.67	-0.65	-0.68	0.85	0.51
Other Current Liab	0.59	0.27	-0.41	-0.93	0.5	0.57	0.9	0.59	0.91		0.98	0.8	0.96	0.27	0.84	0.37	-0.35	0.48	-0.01	0.98	0.67	-0.69	-0.76	-0.7	0.8	0.4
Total Current Liabilities	0.62	0.3	-0.29	-0.93	0.38	0.6	0.88	0.61	0.92	0.98		0.85	1.0	0.32	0.86	0.47	-0.38	0.41	0.04	1.0	0.71	-0.72	-0.77	-0.75	0.83	0.36
Property Plant And Equipment Net	0.78	0.55	-0.24	-0.89	0.32	0.76	0.86	0.78	0.92	0.8	0.85		0.86	0.29	0.97	0.7	-0.21	0.38	0.21	0.85	0.53	-0.62	-0.58	-0.67	0.79	0.38
Accounts Payable	0.62	0.3	-0.23	-0.92	0.33	0.6	0.86	0.61	0.91	0.96	1.0	0.86		0.32	0.86	0.5	-0.39	0.39	0.06	1.0	0.71	-0.73	-0.76	-0.76	0.83	0.34
Non Current Assets Total	0.55	0.51	-0.38	-0.32	0.4	0.54	0.32	0.53	0.33	0.27	0.32	0.29	0.32		0.18	0.39	0.16	0.05	-0.15	0.33	0.67	-0.02	-0.19	-0.44	0.54	0.56
Net Receivables	0.72	0.48	-0.28	-0.91	0.36	0.7	0.9	0.72	0.93	0.84	0.86	0.97	0.86	0.18		0.61	-0.22	0.46	0.29	0.86	0.5	-0.61	-0.6	-0.61	0.75	0.39
Short Term Investments	0.85	0.82	0.02	-0.52	0.02	0.85	0.49	0.85	0.61	0.37	0.47	0.7	0.5	0.39	0.61		-0.22	0.19	0.06	0.47	0.35	-0.31	-0.2	-0.47	0.57	0.13
Non Current Liabilities Total	-0.13	-0.01	-0.12	0.24	0.09	-0.13	-0.16	-0.14	-0.22	-0.35	-0.38	-0.21	-0.39	0.16	-0.22	-0.22		-0.09	-0.21	-0.34	-0.3	0.26	0.31	0.3	-0.18	0.58
Inventory	0.33	0.2	-0.21	-0.56	0.26	0.31	0.7	0.33	0.52	0.48	0.41	0.38	0.39	0.05	0.46	0.19	-0.09		0.13	0.42	0.34	0.12	-0.38	0.23	0.05	0.14
Other Current Assets	-0.01	-0.02	0.16	-0.13	-0.16	-0.03	0.12	-0.01	0.09	-0.01	0.04	0.21	0.06	-0.15	0.29	0.06	-0.21	0.13		0.04	-0.01	0.05	0.02	0.1	-0.09	-0.12
Total Liab	0.63	0.31	-0.3	-0.94	0.4	0.61	0.89	0.62	0.92	0.98	1.0	0.85	1.0	0.33	0.86	0.47	-0.34	0.42	0.04		0.71	-0.72	-0.77	-0.75	0.84	0.4
Other Stockholder Equity	0.46	0.24	-0.19	-0.63	0.26	0.44	0.58	0.44	0.55	0.67	0.71	0.53	0.71	0.67	0.5	0.35	-0.3	0.34	-0.01	0.71		-0.19	-0.57	-0.52	0.59	0.27
Intangible Assets	-0.41	-0.18	0.24	0.61	-0.3	-0.41	-0.51	-0.42	-0.67	-0.69	-0.72	-0.62	-0.73	-0.02	-0.61	-0.31	0.26	0.12	0.05	-0.72	-0.19		0.52	0.83	-0.78	-0.32
Current Deferred Revenue	-0.33	0.01	0.15	0.57	-0.27	-0.32	-0.65	-0.33	-0.65	-0.76	-0.77	-0.58	-0.76	-0.19	-0.6	-0.2	0.31	-0.38	0.02	-0.77	-0.57	0.52		0.51	-0.59	-0.21
Short Long Term Debt Total	-0.61	-0.4	0.37	0.62	-0.43	-0.61	-0.51	-0.61	-0.68	-0.7	-0.75	-0.67	-0.76	-0.44	-0.61	-0.47	0.3	0.23	0.1	-0.75	-0.52	0.83	0.51		-0.94	-0.42
Short Term Debt	0.79	0.58	-0.52	-0.78	0.59	0.78	0.73	0.79	0.85	0.8	0.83	0.79	0.83	0.54	0.75	0.57	-0.18	0.05	-0.09	0.84	0.59	-0.78	-0.59	-0.94		0.6
Non Currrent Assets Other	0.5	0.43	-0.71	-0.48	0.73	0.49	0.53	0.49	0.51	0.4	0.36	0.38	0.34	0.56	0.39	0.13	0.58	0.14	-0.12	0.4	0.27	-0.32	-0.21	-0.42	0.6

Click cells to compare fundamentals

Sernova Corp Account Relationship Matchups

Sernova Corp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	5.7M	29.8M	52.5M	22.1M	25.4M	26.7M
Total Stockholder Equity	4.1M	28.1M	47.6M	12.5M	14.4M	7.2M
Net Debt	(3.2M)	(27.5M)	(3.5M)	(8.6M)	(7.7M)	(7.3M)
Retained Earnings	(47.8M)	(54.7M)	(79.2M)	(118.2M)	(106.4M)	(101.0M)
Cash	3.9M	27.9M	3.8M	8.7M	10.0M	10.5M
Cash And Short Term Investments	3.9M	27.9M	49.8M	19.8M	22.8M	23.9M
Common Stock Shares Outstanding	197.3M	245.5M	273.6M	303.3M	348.8M	366.3M
Liabilities And Stockholders Equity	5.7M	29.8M	52.5M	22.1M	25.4M	26.7M
Total Current Assets	4.6M	28.3M	51.1M	21.0M	24.2M	25.4M
Common Stock	41.3M	44.6M	74.0M	111.0M	127.6M	134.0M
Other Current Liab	316.9K	979.0K	986.9K	2.6M	3.0M	3.1M
Total Current Liabilities	878.1K	1.5M	4.7M	9.6M	11.0M	11.6M
Property Plant And Equipment Net	203.4K	176.3K	653.7K	507.4K	583.6K	612.7K
Accounts Payable	529.4K	379.5K	3.6M	6.9M	7.9M	8.3M
Non Current Assets Total	1.1M	1.5M	1.4M	1.1M	975.0K	1.1M
Net Receivables	506.8K	448.9K	1.1M	1.1M	1.2M	1.3M
Other Current Assets	149.1K	4.2K	168.0K	164.7K	189.4K	98.6K
Total Liab	1.6M	1.8M	4.9M	9.6M	11.0M	11.6M
Other Stockholder Equity	7.3M	8.8M	12.5M	19.7M	22.6M	23.8M
Short Term Debt	31.8K	117.4K	139.9K	136.1K	156.5K	164.4K
Accumulated Other Comprehensive Income	1.1M	1.5M	3.7M	3.3M	3.8M	2.0M
Capital Surpluse	4.9M	5.7M	5.1M	12.5M	14.4M	15.1M
Property Plant Equipment	251.5K	203.4K	564.7K	653.7K	751.8K	789.3K
Net Invested Capital	4.8M	28.1M	47.6M	12.5M	14.4M	21.5M
Net Working Capital	3.7M	26.9M	46.4M	11.4M	13.1M	20.5M

Pair Trading with Sernova Corp

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 Sernova Corp 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 Sernova Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against Sernova Stock

0.66	GOOG	Alphabet CDR	Pair Corr
0.57	NVDA	NVIDIA CDR	Pair Corr
0.5	AMZN	Amazon CDR	Pair Corr
0.5	TSLA	Tesla Inc CDR	Pair Corr
0.46	TD-PFI	Toronto Dominion Bank	Pair Corr

The ability to find closely correlated positions to Sernova Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sernova Corp 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 Sernova Corp - 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 Sernova Corp to buy it.

The correlation of Sernova Corp 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 Sernova Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sernova Corp 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 Sernova Corp 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.

Pair Correlation Correlation Matching

Other Information on Investing in Sernova Stock

Balance Sheet is a snapshot of the financial position of Sernova Corp at a specified time, usually calculated after every quarter, six months, or one year. Sernova Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Sernova Corp 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 Sernova currently owns. An asset can also be divided into two categories, current and non-current.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Sernova Days Payables Outstanding vs Free Cash Flow Yield Analysis

Days Payables Outstanding vs Free Cash Flow Yield

Days Payables Outstanding vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Days Payables Outstanding

Free Cash Flow Yield

Sernova Corp fundamental ratios Correlations

Sernova Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Sernova Corp fundamental ratios Accounts

Pair Trading with Sernova Corp

Moving against Sernova Stock

Other Information on Investing in Sernova Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Cash And Short Term Investments
Accounts Payable	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Accounts Payable

Cash	- 0.99	Net Debt
Common Stock	- 0.96	Retained Earnings
Common Stock Shares Outstanding	- 0.96	Retained Earnings
Short Term Debt	- 0.94	Short Long Term Debt Total
Total Liab	- 0.94	Retained Earnings
Total Current Liabilities	- 0.93	Retained Earnings