Vestis Net Receivables vs Capital Lease Obligations Analysis
| VSTS Stock | 12.12 0.47 4.03% |
Vestis financial indicator trend analysis is much more than just breaking down Vestis prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Vestis is a good investment. Please check the relationship between Vestis Net Receivables and its Capital Lease Obligations accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.
Net Receivables vs Capital Lease Obligations
Net Receivables vs Capital Lease Obligations Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Vestis Net Receivables account and Capital Lease Obligations. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Vestis' Net Receivables and Capital Lease Obligations is 0.94. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Capital Lease Obligations in the same time period over historical financial statements of Vestis, assuming nothing else is changed. The correlation between historical values of Vestis' Net Receivables and Capital Lease Obligations 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 Receivables of Vestis are associated (or correlated) with its Capital Lease Obligations. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Lease Obligations has no effect on the direction of Net Receivables i.e., Vestis' Net Receivables and Capital Lease Obligations go up and down completely randomly.
Correlation Coefficient | 0.94 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Net Receivables
Capital Lease Obligations
Vestis capital lease obligations are the amount due for long-term lease agreements that are nearly equivalent to Vestis asset purchases. For example, Vestis can use a capital lease to finance the purchase of an asset without ever buying it. A capital lease gives companies such as Vestis control over an asset for a big portion of its life. The total obligations of a company under capital leases, which are lease agreements that transfer substantially all risks and rewards of ownership to the lessee.Most indicators from Vestis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Vestis 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 Vestis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.Tax Provision is likely to drop to about 37.1 M in 2024. Selling General Administrative is likely to drop to about 516.4 M in 2024
| 2022 | 2023 | 2024 (projected) | Interest Expense | 10K | 9K | 8.6K | Depreciation And Amortization | 136.5M | 122.9M | 108.3M |
Vestis fundamental ratios Correlations
Click cells to compare fundamentals
Vestis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with Vestis
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 Vestis 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 Vestis will appreciate offsetting losses from the drop in the long position's value.Moving against Vestis Stock
| 0.85 | WLFC | Willis Lease Finance | PairCorr |
| 0.72 | R | Ryder System | PairCorr |
| 0.72 | FTAI | Fortress Transp Infra | PairCorr |
| 0.7 | AER | AerCap Holdings NV | PairCorr |
| 0.69 | PRG | PROG Holdings | PairCorr |
The ability to find closely correlated positions to Vestis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vestis 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 Vestis - 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 Vestis to buy it.
The correlation of Vestis 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 Vestis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vestis 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 Vestis 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 Vestis. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Vestis Stock analysis
When running Vestis' price analysis, check to measure Vestis' 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 Vestis is operating at the current time. Most of Vestis' value examination focuses on studying past and present price action to predict the probability of Vestis' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Vestis' price. Additionally, you may evaluate how the addition of Vestis to your portfolios can decrease your overall portfolio volatility.
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Is Vestis' 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 Vestis. If investors know Vestis 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 Vestis listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.63 | Revenue Per Share 21.567 | Quarterly Revenue Growth 0.048 | Return On Assets 0.0448 | Return On Equity 0.1327 |
The market value of Vestis is measured differently than its book value, which is the value of Vestis that is recorded on the company's balance sheet. Investors also form their own opinion of Vestis' value that differs from its market value or its book value, called intrinsic value, which is Vestis' 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 Vestis' market value can be influenced by many factors that don't directly affect Vestis' 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 Vestis' value and its price as these two are different measures arrived at by different means. Investors typically determine if Vestis is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vestis' 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.