Tidewater Book Value Per Share vs Dividend Yield Analysis
TDW-WT Stock | USD 14.47 3.19 18.06% |
Tidewater financial indicator trend analysis is much more than just breaking down Tidewater prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Tidewater is a good investment. Please check the relationship between Tidewater Book Value Per Share and its Dividend Yield accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tidewater. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Tidewater Stock please use our How to Invest in Tidewater guide.
Book Value Per Share vs Dividend Yield
Book Value Per Share vs Dividend Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Tidewater Book Value Per Share account and Dividend Yield. At this time, the significance of the direction appears to have pay attention.
The correlation between Tidewater's Book Value Per Share and Dividend Yield is -0.82. Overlapping area represents the amount of variation of Book Value Per Share that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of Tidewater, assuming nothing else is changed. The correlation between historical values of Tidewater's Book Value Per Share and Dividend 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 Book Value Per Share of Tidewater are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Book Value Per Share i.e., Tidewater's Book Value Per Share and Dividend Yield go up and down completely randomly.
Correlation Coefficient | -0.82 |
Relationship Direction | Negative |
Relationship Strength | Significant |
Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Dividend Yield
Dividend Yield is Tidewater dividend as a percentage of Tidewater stock price. Tidewater dividend yield is a measure of Tidewater stock productivity, which can be interpreted as interest rate earned on an Tidewater investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Most indicators from Tidewater's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Tidewater 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 Tidewater. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Tidewater Stock please use our How to Invest in Tidewater guide.At this time, Tidewater's Selling General Administrative is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.14 in 2024, whereas Enterprise Value Over EBITDA is likely to drop 11.20 in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 68.2M | 99.9M | 94.2M | 130.8M | Cost Of Revenue | 378.6M | 518.6M | 741.2M | 599.9M |
Tidewater fundamental ratios Correlations
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Tidewater Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tidewater fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6B | 1.3B | 1.1B | 1.3B | 2.1B | 2.6B | |
Short Long Term Debt Total | 288.9M | 192.7M | 167.9M | 169.0M | 741.5M | 605.0M | |
Other Current Liab | 5.4M | 8.9M | 135.1M | 153.1M | 173.9M | 182.6M | |
Total Current Liabilities | 185.7M | 183.2M | 157.9M | 194.8M | 328.7M | 348.4M | |
Total Stockholder Equity | 1.0B | 822.1M | 701.3M | 866.0M | 1.0B | 1.6B | |
Property Plant And Equipment Net | 939.0M | 780.3M | 688.0M | 796.7M | 1.3B | 1.7B | |
Net Debt | 70.6M | 42.8M | 18.8M | 4.8M | 465.9M | 318.0M | |
Retained Earnings | (352.5M) | (548.9M) | (677.9M) | (699.6M) | (637.8M) | (605.9M) | |
Cash | 218.3M | 149.9M | 149.0M | 164.2M | 275.7M | 208.9M | |
Non Current Assets Total | 1.0B | 862.5M | 753.1M | 919.7M | 1.5B | 2.0B | |
Non Currrent Assets Other | 98.3M | 82.2M | 65.1M | 123.1M | 152.4M | 160.0M | |
Cash And Short Term Investments | 218.3M | 149.9M | 149.0M | 164.2M | 275.7M | 209.2M | |
Net Receivables | 236.2M | 174.7M | 156.6M | 156.5M | 268.4M | 301.3M | |
Common Stock Shares Outstanding | 38.2M | 40.4M | 41.0M | 44.1M | 52.9M | 55.6M | |
Liabilities And Stockholders Equity | 1.6B | 1.3B | 1.1B | 1.3B | 2.1B | 2.6B | |
Non Current Liabilities Total | 377.4M | 244.7M | 236.1M | 236.9M | 696.3M | 616.7M | |
Inventory | 21.9M | 15.9M | 12.6M | 30.8M | 31.9M | 28.9M | |
Other Current Assets | 16.0M | 11.7M | 8.7M | 21.0M | 9.8M | 10.8M | |
Other Stockholder Equity | 1.4B | 1.4B | 1.4B | 1.6B | 1.7B | 1.8B | |
Total Liab | 563.1M | 427.9M | 394.0M | 431.7M | 1.0B | 965.1M | |
Total Current Assets | 537.3M | 388.6M | 342.7M | 377.9M | 585.7M | 566.2M | |
Accumulated Other Comprehensive Income | (236K) | (804K) | 2.7M | 8.6M | 5.3M | 5.5M | |
Short Term Debt | 9.9M | 27.8M | 1.4M | 2.1M | 104.9M | 99.6M | |
Common Stock | 37K | 40K | 41K | 51K | 52K | 49.4K | |
Current Deferred Revenue | 109.9M | 142.8M | 129.5M | 600K | 5M | 4.8M | |
Accounts Payable | 27.5M | 17.0M | 20.8M | 38.9M | 44.9M | 41.0M |
Pair Trading with Tidewater
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 Tidewater 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 Tidewater will appreciate offsetting losses from the drop in the long position's value.Moving together with Tidewater Stock
0.77 | GECCM | Great Elm Capital | PairCorr |
0.88 | INBKZ | INBKZ | PairCorr |
0.74 | RCB | Ready Capital | PairCorr |
Moving against Tidewater Stock
0.68 | ARGD | Argo Group 65 | PairCorr |
0.66 | DHCNI | DHCNI | PairCorr |
0.59 | JSM | Navient SR | PairCorr |
The ability to find closely correlated positions to Tidewater could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tidewater 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 Tidewater - 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 Tidewater to buy it.
The correlation of Tidewater 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 Tidewater moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidewater 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 Tidewater 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 Tidewater. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Tidewater Stock please use our How to Invest in Tidewater guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Tidewater Stock analysis
When running Tidewater's price analysis, check to measure Tidewater's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tidewater is operating at the current time. Most of Tidewater's value examination focuses on studying past and present price action to predict the probability of Tidewater's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tidewater's price. Additionally, you may evaluate how the addition of Tidewater to your portfolios can decrease your overall portfolio volatility.
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