Storage Retained Earnings vs Non Current Assets Total Analysis

SVI Stock   4.10  0.03  0.73%   
Storage Vault financial indicator trend analysis is much more than just breaking down Storage Vault Canada prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Storage Vault Canada is a good investment. Please check the relationship between Storage Vault Retained Earnings and its Non Current Assets Total accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Storage Vault Canada. 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.

Retained Earnings vs Non Current Assets Total

Retained Earnings vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Storage Vault Canada Retained Earnings account and Non Current Assets Total. At this time, the significance of the direction appears to have pay attention.
The correlation between Storage Vault's Retained Earnings and Non Current Assets Total is -0.98. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Storage Vault Canada, assuming nothing else is changed. The correlation between historical values of Storage Vault's Retained Earnings 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 Retained Earnings of Storage Vault Canada 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 Retained Earnings i.e., Storage Vault's Retained Earnings and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

-0.98
Relationship DirectionNegative 
Relationship StrengthSignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

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 Storage Vault's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Storage Vault Canada 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 Storage Vault Canada. 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, Storage Vault's Selling General Administrative is very stable compared to the past year. As of the 27th of November 2024, Enterprise Value Over EBITDA is likely to grow to 22.05, while Tax Provision is likely to drop (9.1 M).
 2021 2022 2023 2024 (projected)
Gross Profit139.0M176.0M193.6M203.3M
Total Revenue208.7M261.8M288.7M303.2M

Storage Vault fundamental ratios Correlations

0.170.740.99-0.980.990.80.80.950.850.690.90.531.00.981.0-0.371.00.991.00.990.980.950.79-0.170.91
0.170.590.09-0.030.170.320.320.250.41-0.070.27-0.240.10.320.21-0.410.140.10.160.2-0.010.20.53-0.210.38
0.740.590.67-0.630.70.930.930.710.960.190.58-0.020.690.860.74-0.610.720.670.740.760.620.750.98-0.480.94
0.990.090.67-1.00.990.750.750.940.80.740.910.591.00.950.99-0.311.01.01.00.970.990.940.72-0.120.87
-0.98-0.03-0.63-1.0-0.98-0.72-0.72-0.93-0.78-0.76-0.91-0.64-0.99-0.93-0.980.26-0.99-0.99-0.98-0.95-0.99-0.92-0.690.12-0.85
0.990.170.70.99-0.980.770.770.940.820.710.90.550.990.960.99-0.350.990.990.990.970.980.950.75-0.140.88
0.80.320.930.75-0.720.771.00.690.960.180.550.030.760.880.78-0.440.780.750.80.830.730.850.96-0.550.95
0.80.320.930.75-0.720.771.00.690.950.180.550.030.760.880.78-0.450.780.760.80.830.730.850.96-0.550.95
0.950.250.710.94-0.930.940.690.690.80.770.890.510.950.930.96-0.50.950.920.950.940.920.840.73-0.020.85
0.850.410.960.8-0.780.820.960.950.80.340.670.140.810.920.84-0.510.840.80.850.870.770.850.97-0.450.99
0.69-0.070.190.74-0.760.710.180.180.770.340.820.860.720.580.71-0.130.710.720.690.620.740.510.210.290.43
0.90.270.580.91-0.910.90.550.550.890.670.820.720.910.870.92-0.20.910.920.90.840.880.830.61-0.010.76
0.53-0.24-0.020.59-0.640.550.030.030.510.140.860.720.570.40.550.230.550.610.530.420.610.430.020.290.25
1.00.10.691.0-0.990.990.760.760.950.810.720.910.570.960.99-0.321.00.991.00.980.990.940.74-0.140.88
0.980.320.860.95-0.930.960.880.880.930.920.580.870.40.960.97-0.430.970.950.980.970.920.950.89-0.290.97
1.00.210.740.99-0.980.990.780.780.960.840.710.920.550.990.97-0.361.00.991.00.980.970.950.78-0.150.9
-0.37-0.41-0.61-0.310.26-0.35-0.44-0.45-0.5-0.51-0.13-0.20.23-0.32-0.43-0.36-0.36-0.25-0.37-0.39-0.27-0.24-0.470.09-0.49
1.00.140.721.0-0.990.990.780.780.950.840.710.910.551.00.971.0-0.360.991.00.980.990.940.76-0.160.9
0.990.10.671.0-0.990.990.750.760.920.80.720.920.610.990.950.99-0.250.990.990.960.990.950.73-0.160.87
1.00.160.741.0-0.980.990.80.80.950.850.690.90.531.00.981.0-0.371.00.990.990.980.950.78-0.170.91
0.990.20.760.97-0.950.970.830.830.940.870.620.840.420.980.970.98-0.390.980.960.990.960.960.82-0.180.91
0.98-0.010.620.99-0.990.980.730.730.920.770.740.880.610.990.920.97-0.270.990.990.980.960.930.68-0.110.84
0.950.20.750.94-0.920.950.850.850.840.850.510.830.430.940.950.95-0.240.940.950.950.960.930.83-0.30.9
0.790.530.980.72-0.690.750.960.960.730.970.210.610.020.740.890.78-0.470.760.730.780.820.680.83-0.490.95
-0.17-0.21-0.48-0.120.12-0.14-0.55-0.55-0.02-0.450.29-0.010.29-0.14-0.29-0.150.09-0.16-0.16-0.17-0.18-0.11-0.3-0.49-0.4
0.910.380.940.87-0.850.880.950.950.850.990.430.760.250.880.970.9-0.490.90.870.910.910.840.90.95-0.4
Click cells to compare fundamentals

Storage Vault Account Relationship Matchups

Storage Vault fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.6B1.8B2.0B2.0B2.1B
Total Current Liabilities19.5M28.5M31.5M35.0M34.9M45.2M
Total Stockholder Equity230.7M210.2M222.2M207.2M195.9M119.6M
Net Debt1.0B1.3B1.5B1.7B1.8B1.8B
Retained Earnings(121.1M)(154.4M)(190.3M)(231.5M)(233.2M)(221.5M)
Accounts Payable12.5M18.6M18.5M20.9M21.9M23.0M
Cash24.5M25.5M25.1M22.5M13.9M10.7M
Cash And Short Term Investments24.5M25.5M25.1M22.5M13.9M11.1M
Net Receivables5.4M4.6M4.1M6.6M8.5M8.9M
Common Stock Shares Outstanding360.5M363.5M370.3M378.1M385.6M195.7M
Liabilities And Stockholders Equity1.4B1.6B1.8B2.0B2.0B2.1B
Other Current Assets3.0M3.4M12.5M14.6M15.8M16.6M
Other Stockholder Equity(3.7M)(1.3M)5.9M13.7M11.5M12.1M
Total Liab1.2B1.4B1.6B1.8B1.8B1.9B
Total Current Assets32.9M33.5M41.8M43.8M39.3M41.2M
Short Long Term Debt Total1.1B1.3B1.5B1.7B1.8B1.9B
Property Plant And Equipment Net1.2B1.4B1.6B1.8B1.8B1.9B
Current Deferred Revenue7.0M9.8M12.9M14.1M13.1M13.7M
Non Current Assets Total1.4B1.6B1.8B2.0B2.0B2.1B
Good Will55.8M61.2M97.5M105.3M108.3M113.7M
Non Current Liabilities Total1.1B1.3B1.6B1.8B1.8B1.9B
Short Term Debt456.0M466.0M650.8M560.9M448.3M470.7M
Intangible Assets75.1M62.4M71.2M68.1M50.0M34.5M
Common Stock355.6M365.9M406.6M425.0M404.0M264.7M
Long Term Debt1.0B1.3B1.5B1.7B1.7B1.2B
Long Term Debt Total1.1B1.3B1.5B1.7B2.0B1.1B
Capital Surpluse8.8M15.1M26.4M38.5M44.2M46.4M
Cash And Equivalents24.5M25.5M25.1M22.5M25.9M22.8M
Property Plant Equipment1.2B1.4B1.6B1.9B2.1B1.3B
Other Liab71.1M63.0M58.3M54.6M49.1M47.9M
Net Tangible Assets58.1M50.2M53.4M33.8M30.4M52.3M
Net Invested Capital1.3B1.5B1.7B1.9B1.9B1.7B
Capital Stock355.6M365.9M406.6M425.0M404.0M420.9M
Net Working Capital13.4M5.1M10.3M8.8M4.3M4.6M

Pair Trading with Storage Vault

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 Storage Vault 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 Storage Vault will appreciate offsetting losses from the drop in the long position's value.

Moving against Storage Stock

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The ability to find closely correlated positions to Storage Vault could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Storage Vault 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 Storage Vault - 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 Storage Vault Canada to buy it.
The correlation of Storage Vault 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 Storage Vault moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Storage Vault Canada 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 Storage Vault 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 CorrelationCorrelation Matching

Other Information on Investing in Storage Stock

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