Haverty Non Current Assets Total vs Inventory Analysis
HVT Stock | USD 27.63 0.18 0.66% |
Haverty Furniture financial indicator trend analysis is much more than just examining Haverty Furniture latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Haverty Furniture is a good investment. Please check the relationship between Haverty Furniture Non Current Assets Total and its Inventory accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haverty Furniture Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.
Non Current Assets Total vs Inventory
Non Current Assets Total vs Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Haverty Furniture Non Current Assets Total account and Inventory. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Haverty Furniture's Non Current Assets Total and Inventory is 0.55. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Inventory in the same time period over historical financial statements of Haverty Furniture Companies, assuming nothing else is changed. The correlation between historical values of Haverty Furniture's Non Current Assets Total and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Assets Total of Haverty Furniture Companies are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Non Current Assets Total i.e., Haverty Furniture's Non Current Assets Total and Inventory go up and down completely randomly.
Correlation Coefficient | 0.55 |
Relationship Direction | Positive |
Relationship Strength | Weak |
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.Inventory
Most indicators from Haverty Furniture's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Haverty Furniture 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haverty Furniture Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. Sales General And Administrative To Revenue is likely to gain to 0.52 in 2024, whereas Selling General Administrative is likely to drop slightly above 364.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 574.6M | 604.2M | 504.5M | 344.5M | Total Revenue | 1.0B | 1.0B | 862.1M | 664.2M |
Haverty Furniture fundamental ratios Correlations
Click cells to compare fundamentals
Haverty Furniture Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Haverty Furniture fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 560.1M | 680.4M | 686.3M | 649.0M | 715.3M | 437.2M | |
Short Long Term Debt Total | 179.0M | 233.7M | 230.4M | 221.3M | 217.8M | 113.3M | |
Other Current Liab | 39.7M | 53.0M | 46.7M | 48.7M | 46.3M | 30.9M | |
Total Current Liabilities | 127.0M | 204.0M | 210.4M | 154.4M | 138.3M | 102.4M | |
Total Stockholder Equity | 260.5M | 253.0M | 256.0M | 289.4M | 308.4M | 224.8M | |
Property Plant And Equipment Net | 332.0M | 337.1M | 348.5M | 344.9M | 373.9M | 392.6M | |
Net Debt | 103.3M | 33.6M | 64.2M | 98.2M | 90.0M | 52.9M | |
Retained Earnings | 296.0M | 304.6M | 343.0M | 398.4M | 419.5M | 220.3M | |
Cash | 75.7M | 200.1M | 166.1M | 123.1M | 127.8M | 134.2M | |
Non Current Assets Total | 355.5M | 364.1M | 377.2M | 372.8M | 464.8M | 488.1M | |
Non Currrent Assets Other | 10.3M | 11.2M | 12.4M | 12.4M | 14.1M | 8.8M | |
Cash And Short Term Investments | 75.7M | 200.1M | 166.1M | 123.1M | 127.8M | 134.2M | |
Net Receivables | 1.5M | 16.3M | 19.1M | 16.5M | 1.0 | 0.95 | |
Common Stock Shares Outstanding | 20.2M | 18.9M | 18.5M | 17.0M | 16.8M | 23.6M | |
Liabilities And Stockholders Equity | 560.1M | 680.4M | 686.3M | 649.0M | 715.3M | 437.2M | |
Non Current Liabilities Total | 172.6M | 223.4M | 219.9M | 205.2M | 268.7M | 282.1M | |
Inventory | 104.8M | 89.9M | 112.0M | 118.3M | 94.6M | 94.6M | |
Other Current Assets | 8.1M | 10.0M | 11.7M | 18.3M | 28.2M | 29.6M | |
Other Stockholder Equity | (64.9M) | (80.7M) | (116.4M) | (140.1M) | (142.1M) | (135.0M) | |
Total Liab | 299.6M | 427.4M | 430.3M | 359.7M | 407.0M | 212.4M | |
Property Plant And Equipment Gross | 332.0M | 337.1M | 348.5M | 344.9M | 665.7M | 699.0M | |
Total Current Assets | 204.5M | 316.2M | 309.1M | 276.3M | 250.5M | 233.0M | |
Accumulated Other Comprehensive Income | (2.1M) | (2.6M) | (2.3M) | (756K) | (983K) | (1.0M) | |
Short Term Debt | 29.4M | 33.5M | 33.6M | 34.4M | 37.4M | 39.2M | |
Accounts Payable | 27.8M | 31.4M | 31.2M | 23.3M | 18.8M | 30.4M | |
Common Stock Total Equity | 31.5M | 31.6M | 31.7M | 31.8M | 36.6M | 32.7M | |
Common Stock | 31.5M | 31.6M | 31.7M | 31.8M | 32.0M | 32.8M | |
Other Liab | 23.0M | 23.2M | 23.2M | 18.4M | 21.1M | 24.9M | |
Other Assets | 23.5M | 255.8M | 28.8M | 27.9M | 32.1M | 32.3M | |
Treasury Stock | (129.0M) | (158.1M) | (177.5M) | (219.0M) | (197.1M) | (187.3M) | |
Property Plant Equipment | 156.5M | 108.4M | 348.5M | 344.9M | 396.6M | 222.6M | |
Current Deferred Revenue | 30.1M | 86.2M | 98.9M | 48.0M | 35.8M | 33.2M | |
Retained Earnings Total Equity | 296.0M | 304.6M | 343.0M | 398.4M | 458.2M | 273.6M | |
Net Tangible Assets | 260.5M | 253.0M | 256.0M | 289.4M | 260.5M | 222.6M | |
Capital Surpluse | 93.2M | 96.9M | 102.6M | 108.7M | 125.0M | 98.2M |
Pair Trading with Haverty Furniture
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 Haverty Furniture 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 Haverty Furniture will appreciate offsetting losses from the drop in the long position's value.Moving against Haverty Stock
0.83 | JD | JD Inc Adr | PairCorr |
0.77 | BQ | Boqii Holding Limited Earnings Call This Week | PairCorr |
0.75 | LE | Lands End Financial Report 6th of June 2024 | PairCorr |
0.63 | AN | AutoNation | PairCorr |
The ability to find closely correlated positions to Haverty Furniture could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Haverty Furniture 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 Haverty Furniture - 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 Haverty Furniture Companies to buy it.
The correlation of Haverty Furniture 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 Haverty Furniture moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haverty Furniture 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 Haverty Furniture 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haverty Furniture Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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Is Haverty Furniture'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 Haverty Furniture. If investors know Haverty 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 Haverty Furniture 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 (0.81) | Dividend Share 1.2 | Earnings Share 2.76 | Revenue Per Share 50.493 | Quarterly Revenue Growth (0.18) |
The market value of Haverty Furniture is measured differently than its book value, which is the value of Haverty that is recorded on the company's balance sheet. Investors also form their own opinion of Haverty Furniture's value that differs from its market value or its book value, called intrinsic value, which is Haverty Furniture'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 Haverty Furniture's market value can be influenced by many factors that don't directly affect Haverty Furniture'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 Haverty Furniture's value and its price as these two are different measures arrived at by different means. Investors typically determine if Haverty Furniture is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Haverty Furniture'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.