Savaria Cash vs Total Current Assets Analysis

SIS Stock  CAD 20.60  0.04  0.19%   
Savaria financial indicator trend analysis is much more than just breaking down Savaria prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Savaria is a good investment. Please check the relationship between Savaria Cash and its Total Current Assets accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Savaria. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cash vs Total Current Assets

Cash vs Total Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Savaria Cash account and Total Current Assets. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Savaria's Cash and Total Current Assets is 0.83. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Current Assets in the same time period over historical financial statements of Savaria, assuming nothing else is changed. The correlation between historical values of Savaria's Cash and Total Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Savaria are associated (or correlated) with its Total Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Assets has no effect on the direction of Cash i.e., Savaria's Cash and Total Current Assets go up and down completely randomly.

Correlation Coefficient

0.83
Relationship DirectionPositive 
Relationship StrengthStrong

Cash

Cash refers to the most liquid asset of Savaria, which is listed under current asset account on Savaria balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Savaria customers. The amounts must be unrestricted with restricted cash listed in a different Savaria account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Total Current Assets

The total value of all assets that are expected to be converted into cash within one year or during the normal operating cycle.
Most indicators from Savaria's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Savaria 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 Savaria. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
At this time, Savaria's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.26, while Tax Provision is likely to drop about 7.8 M.
 2021 2022 2023 2024 (projected)
Interest Expense11.9M16.4M24.4M25.6M
Depreciation And Amortization49.3M49.1M49.1M51.6M

Savaria fundamental ratios Correlations

0.970.931.00.980.950.980.95-0.50.990.771.00.680.770.990.830.980.990.920.890.990.990.990.94-0.190.99
0.970.980.980.910.890.920.99-0.620.990.710.980.560.710.950.791.00.940.920.831.00.940.950.92-0.010.99
0.930.980.930.850.820.850.97-0.670.960.720.930.50.720.90.750.970.880.850.750.970.880.90.90.140.96
1.00.980.930.970.950.980.96-0.520.990.761.00.670.760.990.820.980.990.940.890.990.980.990.94-0.210.99
0.980.910.850.970.960.990.88-0.380.960.80.970.760.80.990.830.920.990.880.90.940.990.990.91-0.330.95
0.950.890.820.950.960.970.86-0.240.930.770.940.60.770.960.880.90.970.820.920.920.980.960.87-0.260.93
0.980.920.850.980.990.970.89-0.390.950.770.970.710.780.980.840.930.990.890.920.950.990.990.92-0.310.95
0.950.990.970.960.880.860.89-0.660.970.620.960.530.620.930.750.990.920.920.790.990.910.910.90.030.98
-0.5-0.62-0.67-0.52-0.38-0.24-0.39-0.66-0.57-0.19-0.53-0.42-0.19-0.49-0.13-0.6-0.4-0.57-0.22-0.58-0.39-0.43-0.55-0.27-0.55
0.990.990.960.990.960.930.950.97-0.570.750.990.660.750.990.80.990.970.910.850.990.970.980.94-0.110.99
0.770.710.720.760.80.770.770.62-0.190.750.750.521.00.750.750.720.770.620.750.730.770.830.77-0.220.73
1.00.980.931.00.970.940.970.96-0.530.990.750.670.750.990.820.980.990.930.880.990.980.990.93-0.161.0
0.680.560.50.670.760.60.710.53-0.420.660.520.670.530.730.370.570.690.570.560.60.680.690.68-0.50.62
0.770.710.720.760.80.770.780.62-0.190.751.00.750.530.750.750.720.770.620.750.730.770.830.77-0.220.73
0.990.950.90.990.990.960.980.93-0.490.990.750.990.730.750.810.960.990.90.880.970.990.990.94-0.240.98
0.830.790.750.820.830.880.840.75-0.130.80.750.820.370.750.810.80.850.740.960.810.850.850.74-0.160.82
0.981.00.970.980.920.90.930.99-0.60.990.720.980.570.720.960.80.950.920.841.00.950.960.92-0.020.99
0.990.940.880.990.990.970.990.92-0.40.970.770.990.690.770.990.850.950.910.910.971.00.990.92-0.280.97
0.920.920.850.940.880.820.890.92-0.570.910.620.930.570.620.90.740.920.910.810.930.890.90.84-0.250.92
0.890.830.750.890.90.920.920.79-0.220.850.750.880.560.750.880.960.840.910.810.850.910.910.83-0.320.86
0.991.00.970.990.940.920.950.99-0.580.990.730.990.60.730.970.811.00.970.930.850.960.970.93-0.071.0
0.990.940.880.980.990.980.990.91-0.390.970.770.980.680.770.990.850.951.00.890.910.960.990.91-0.260.97
0.990.950.90.990.990.960.990.91-0.430.980.830.990.690.830.990.850.960.990.90.910.970.990.94-0.260.97
0.940.920.90.940.910.870.920.9-0.550.940.770.930.680.770.940.740.920.920.840.830.930.910.94-0.170.93
-0.19-0.010.14-0.21-0.33-0.26-0.310.03-0.27-0.11-0.22-0.16-0.5-0.22-0.24-0.16-0.02-0.28-0.25-0.32-0.07-0.26-0.26-0.17-0.08
0.990.990.960.990.950.930.950.98-0.550.990.731.00.620.730.980.820.990.970.920.861.00.970.970.93-0.08
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Savaria Account Relationship Matchups

Savaria fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets439.0M453.3M1.1B1.1B1.1B1.2B
Short Long Term Debt Total79.2M78.0M432.3M410.1M319.4M335.4M
Other Current Liab6.4M5.8M63.2M44.1M36.6M38.4M
Total Current Liabilities67.9M68.1M166.4M182.4M170.5M179.1M
Total Stockholder Equity270.1M279.7M434.6M453.0M549M576.5M
Property Plant And Equipment Net73.2M71.1M106.1M101.0M100.8M105.9M
Current Deferred Revenue23.0M24.1M35.4M40.8M41.9M44.0M
Net Debt39.5M23.9M368.8M365.3M265.3M278.6M
Retained Earnings17.1M19.8M(5.6M)(2.9M)(3.2M)(3.0M)
Accounts Payable23.8M23.5M85.4M74.6M76M79.8M
Cash39.7M54.2M63.5M44.7M54.1M56.8M
Non Current Assets Total272.4M271.6M786.2M782.6M763.9M802.1M
Non Currrent Assets Other1.9M1.5M1.4M721K7.0M7.3M
Cash And Short Term Investments39.7M54.2M63.5M44.7M54.3M57.0M
Net Receivables48.8M47.8M108.2M102.2M117.5M123.3M
Common Stock Shares Outstanding48.7M50.9M62.2M64.5M66.5M37.1M
Liabilities And Stockholders Equity439.0M453.3M1.1B1.1B1.1B1.2B
Non Current Liabilities Total101.0M105.5M505.9M474.6M382.0M401.1M
Inventory72.4M75.3M128.5M144.3M143.9M151.1M
Other Current Assets5.7M4.4M15.9M36.1M22.3M23.4M
Other Stockholder Equity5.9M6.4M7.0M8.2M9.6M5.2M
Total Liab169.0M173.6M672.3M657.0M552.6M580.2M
Property Plant And Equipment Gross73.2M71.1M129.7M132.0M138.5M145.4M
Total Current Assets166.6M181.7M320.7M327.3M337.7M354.6M
Short Term Debt6.2M4.8M11.0M9.3M9.9M10.4M
Accumulated Other Comprehensive Income(5.1M)(1.8M)(19.8M)(8.8M)(8.7M)(8.3M)
Intangible Assets71.4M67.5M258.3M236.9M214.0M224.7M
Good Will119.8M120.8M400.8M412.2M414.3M435.0M
Common Stock Total Equity120.4M179.3M252.2M255.3M293.6M308.3M
Common Stock252.2M255.3M453.0M456.4M551.4M578.9M
Other Liab27.3M29.3M83.5M73.8M84.9M89.1M
Net Tangible Assets78.8M91.4M(224.5M)(196.2M)(176.6M)(167.8M)
Other Assets8.0M12.3M21.0M32.5M37.4M39.3M
Long Term Debt49.1M49.8M378.9M365.7M276.8M290.6M
Short Long Term Debt2.8M1.1M1.1M1.2M1.2M1.1M
Property Plant Equipment73.2M71.1M106.1M101.0M116.1M121.9M
Long Term Debt Total97.3M72.9M73.2M421.4M484.6M508.8M
Capital Surpluse4.4M5.9M6.4M7.0M8.1M5.0M

Pair Trading with Savaria

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 Savaria 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 Savaria will appreciate offsetting losses from the drop in the long position's value.

Moving against Savaria Stock

  0.39NG NovaGold ResourcesPairCorr
  0.31IVS Inventus Mining CorpPairCorr
The ability to find closely correlated positions to Savaria could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Savaria 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 Savaria - 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 Savaria to buy it.
The correlation of Savaria 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 Savaria moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Savaria 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 Savaria 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Savaria Stock

Balance Sheet is a snapshot of the financial position of Savaria at a specified time, usually calculated after every quarter, six months, or one year. Savaria Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Savaria and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Savaria currently owns. An asset can also be divided into two categories, current and non-current.