Commercial Property Plant Equipment vs Capital Surpluse Analysis
CVGI Stock | USD 5.30 0.20 3.64% |
Commercial Vehicle financial indicator trend analysis is way more than just evaluating Commercial Vehicle prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Commercial Vehicle is a good investment. Please check the relationship between Commercial Vehicle Property Plant Equipment and its Capital Surpluse accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Vehicle Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Property Plant Equipment vs Capital Surpluse
Property Plant Equipment vs Capital Surpluse Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Commercial Vehicle Property Plant Equipment account and Capital Surpluse. At this time, the significance of the direction appears to have weak relationship.
The correlation between Commercial Vehicle's Property Plant Equipment and Capital Surpluse is 0.34. Overlapping area represents the amount of variation of Property Plant Equipment that can explain the historical movement of Capital Surpluse in the same time period over historical financial statements of Commercial Vehicle Group, assuming nothing else is changed. The correlation between historical values of Commercial Vehicle's Property Plant Equipment and Capital Surpluse is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Property Plant Equipment of Commercial Vehicle Group are associated (or correlated) with its Capital Surpluse. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Surpluse has no effect on the direction of Property Plant Equipment i.e., Commercial Vehicle's Property Plant Equipment and Capital Surpluse go up and down completely randomly.
Correlation Coefficient | 0.34 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Property Plant Equipment
Capital Surpluse
Most indicators from Commercial Vehicle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Commercial Vehicle 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 Commercial Vehicle Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. As of now, Commercial Vehicle's Tax Provision is increasing as compared to previous years. The Commercial Vehicle's current Sales General And Administrative To Revenue is estimated to increase to 0.07, while Selling General Administrative is projected to decrease to under 62 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 11.2M | 9.8M | 12.9M | 17.1M | Depreciation And Amortization | 18.5M | 18.2M | 17.6M | 18.5M |
Commercial Vehicle fundamental ratios Correlations
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Commercial Vehicle Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Commercial Vehicle fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 435.8M | 454.4M | 507.7M | 470.3M | 483.2M | 445.5M | |
Total Stockholder Equity | 128.7M | 95.4M | 126.7M | 120.0M | 172.9M | 102.9M | |
Other Assets | 17.2M | 27.5M | 29.5M | 19.8M | 1.0 | 0.95 | |
Common Stock Shares Outstanding | 30.8M | 30.9M | 32.8M | 32.3M | 33.6M | 27.2M | |
Liabilities And Stockholders Equity | 435.8M | 454.4M | 507.7M | 470.3M | 483.2M | 445.5M | |
Other Stockholder Equity | 234.6M | 237.4M | 242.4M | 246.9M | 249.1M | 213.6M | |
Total Liab | 307.1M | 359.0M | 381.0M | 350.2M | 310.3M | 342.6M | |
Short Long Term Debt Total | 193.4M | 179.7M | 222.5M | 179.3M | 173.6M | 203.0M | |
Other Current Liab | 32.1M | 39.4M | 8.7M | 35.4M | 39.9M | 22.0M | |
Total Current Liabilities | 106.6M | 164.9M | 162.1M | 175.8M | 145.2M | 125.2M | |
Other Liab | 17.6M | 25.6M | 14.8M | 13.3M | 15.3M | 23.3M | |
Property Plant And Equipment Net | 108.6M | 92.8M | 89.2M | 94.2M | 104.8M | 82.6M | |
Net Debt | 153.9M | 129.2M | 187.6M | 147.5M | 135.8M | 154.2M | |
Retained Earnings | (60.3M) | (97.4M) | (73.6M) | (95.6M) | (46.2M) | (48.5M) | |
Accounts Payable | 63.1M | 112.4M | 101.9M | 122.1M | 77.3M | 78.8M | |
Cash | 39.5M | 50.5M | 35.0M | 31.8M | 37.8M | 48.8M | |
Non Current Assets Total | 179.9M | 143.8M | 137.0M | 130.7M | 155.5M | 123.7M | |
Non Currrent Assets Other | 3.3M | 2.3M | 5.1M | 7.8M | 4.6M | 6.3M | |
Long Term Debt | 153.1M | 144.1M | 185.6M | 141.5M | 126.2M | 190.2M | |
Cash And Short Term Investments | 39.5M | 50.5M | 35.0M | 31.8M | 37.8M | 48.8M | |
Net Receivables | 115.1M | 151.1M | 174.5M | 152.6M | 133.9M | 121.5M | |
Good Will | 8.0M | 7.6M | 27.8M | 21.8M | 19.6M | 34.3M | |
Common Stock Total Equity | 323K | 313K | 321K | 328K | 377.2K | 287.1K | |
Non Current Liabilities Total | 200.5M | 194.1M | 218.9M | 174.4M | 165.1M | 221.2M | |
Inventory | 82.9M | 91.2M | 141.0M | 142.5M | 128.1M | 91.0M | |
Other Current Assets | 18.5M | 17.7M | 20.2M | 12.6M | 27.9M | 17.6M | |
Property Plant And Equipment Gross | 108.6M | 92.8M | 261.8M | 94.2M | 292.7M | 307.3M | |
Total Current Assets | 256.0M | 310.5M | 370.7M | 339.6M | 327.7M | 280.1M | |
Accumulated Other Comprehensive Income | (46.0M) | (45.0M) | (42.4M) | (31.6M) | (30.3M) | (31.8M) | |
Short Term Debt | 10.9M | 11.7M | 18.4M | 18.4M | 22.9M | 16.7M | |
Intangible Assets | 25.3M | 21.8M | 18.3M | 14.6M | 11.2M | 10.7M | |
Common Stock | 323K | 313K | 321K | 328K | 333K | 290.7K | |
Property Plant Equipment | 73.7M | 93.6M | 89.2M | 67.8M | 78.0M | 77.8M | |
Treasury Stock | (9.1M) | (10.2M) | (11.2M) | (13.2M) | (11.9M) | (11.3M) | |
Net Tangible Assets | 128.7M | 73.6M | 108.4M | 105.4M | 121.2M | 68.9M | |
Retained Earnings Total Equity | (70.6M) | (60.3M) | (73.6M) | (95.6M) | (109.9M) | (115.4M) | |
Long Term Debt Total | 154.7M | 153.1M | 185.6M | 141.5M | 127.3M | 164.9M | |
Capital Surpluse | 243.0M | 245.9M | 255.6M | 261.4M | 300.6M | 262.2M |
Pair Trading with Commercial Vehicle
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 Commercial Vehicle 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 Commercial Vehicle will appreciate offsetting losses from the drop in the long position's value.Moving against Commercial Stock
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The ability to find closely correlated positions to Commercial Vehicle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Commercial Vehicle 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 Commercial Vehicle - 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 Commercial Vehicle Group to buy it.
The correlation of Commercial Vehicle 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 Commercial Vehicle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Commercial Vehicle 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 Commercial Vehicle 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Commercial Vehicle Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Commercial Vehicle information on this page should be used as a complementary analysis to other Commercial Vehicle's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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Is Commercial Vehicle's industry 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 Commercial Vehicle. If investors know Commercial 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 Commercial Vehicle 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 (0.66) | Earnings Share 1.3 | Revenue Per Share 29.077 | Quarterly Revenue Growth (0.12) | Return On Assets 0.0536 |
The market value of Commercial Vehicle is measured differently than its book value, which is the value of Commercial that is recorded on the company's balance sheet. Investors also form their own opinion of Commercial Vehicle's value that differs from its market value or its book value, called intrinsic value, which is Commercial Vehicle'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 Commercial Vehicle's market value can be influenced by many factors that don't directly affect Commercial Vehicle'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 Commercial Vehicle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Vehicle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Vehicle'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.