Veralto Net Invested Capital vs Net Debt Analysis
| VLTO Stock | 106.41 0.40 0.38% |
Veralto financial indicator trend analysis is much more than just breaking down Veralto prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Veralto is a good investment. Please check the relationship between Veralto Net Invested Capital and its Net Debt accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veralto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Veralto Stock, please use our How to Invest in Veralto guide.
Net Invested Capital vs Net Debt
Net Invested Capital vs Net Debt Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veralto Net Invested Capital account and Net Debt. At this time, the significance of the direction appears to have totally related.
The correlation between Veralto's Net Invested Capital and Net Debt is 0.99. Overlapping area represents the amount of variation of Net Invested Capital that can explain the historical movement of Net Debt in the same time period over historical financial statements of Veralto, assuming nothing else is changed. The correlation between historical values of Veralto's Net Invested Capital and Net Debt 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 Invested Capital of Veralto are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Net Invested Capital i.e., Veralto's Net Invested Capital and Net Debt go up and down completely randomly.
Correlation Coefficient | 0.99 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Invested Capital
The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Most indicators from Veralto's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veralto 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 Veralto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Veralto Stock, please use our How to Invest in Veralto guide.As of the 23rd of November 2024, Tax Provision is likely to grow to about 238.4 M. Also, Selling General Administrative is likely to grow to about 1.6 B
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 106M | 90M | 87M | 78.6M | Tax Provision | 186M | 224M | 231M | 238.4M |
Veralto fundamental ratios Correlations
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Veralto Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Veralto
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 Veralto 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 Veralto will appreciate offsetting losses from the drop in the long position's value.Moving together with Veralto Stock
Moving against Veralto Stock
| 0.71 | LZ | LegalZoom | PairCorr |
| 0.64 | DRVN | Driven Brands Holdings | PairCorr |
| 0.59 | SQ | Block Inc | PairCorr |
| 0.57 | WM | Waste Management | PairCorr |
| 0.57 | VRSK | Verisk Analytics | PairCorr |
The ability to find closely correlated positions to Veralto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Veralto 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 Veralto - 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 Veralto to buy it.
The correlation of Veralto 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 Veralto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veralto 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 Veralto 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.Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veralto. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. To learn how to invest in Veralto Stock, please use our How to Invest in Veralto guide.You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Is Environmental & Facilities Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Veralto. If investors know Veralto will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Veralto listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.06 | Dividend Share 0.36 | Earnings Share 3.23 | Revenue Per Share 20.787 | Quarterly Revenue Growth 0.047 |
The market value of Veralto is measured differently than its book value, which is the value of Veralto that is recorded on the company's balance sheet. Investors also form their own opinion of Veralto's value that differs from its market value or its book value, called intrinsic value, which is Veralto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Veralto's market value can be influenced by many factors that don't directly affect Veralto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Veralto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Veralto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Veralto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.