Accord Average Payables vs Free Cash Flow Yield Analysis

ACD Stock

CAD 3.79 0.03 0.80%

Accord Financial financial indicator trend analysis is way more than just evaluating Accord Financial Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Accord Financial Corp is a good investment. Please check the relationship between Accord Financial Average Payables and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accord Financial Corp. 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.

Average Payables vs Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accord Financial Corp Average Payables account and Free Cash Flow Yield. At this time, the significance of the direction appears to have very week relationship.

The correlation between Accord Financial's Average Payables and Free Cash Flow Yield is 0.29. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Accord Financial Corp, assuming nothing else is changed. The correlation between historical values of Accord Financial's Average Payables and Free Cash Flow 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 Average Payables of Accord Financial Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Average Payables i.e., Accord Financial's Average Payables and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

0.29

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from Accord Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Accord Financial Corp 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 Accord Financial Corp. 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, Accord Financial's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 17th of December 2024, Enterprise Value Over EBITDA is likely to grow to 22.72, while Selling General Administrative is likely to drop about 18.4 M.

	2021	2022	2023	2024 (projected)
Gross Profit	46.7M	42.6M	43.7M	30.6M
Total Revenue	47.6M	43.4M	44.4M	31.7M

Gross Profit Total Revenue

Accord Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Assets	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity
Total Assets		0.98	-0.98	0.99	0.75	0.75	0.99	0.75	0.53	0.47	-0.43	0.72	-0.63	0.06	1.0	0.89	-0.09	0.99	0.54	0.89	0.73	0.39	-0.15	0.56	0.93	0.88
Short Long Term Debt Total	0.98		-0.97	0.98	0.71	0.76	0.98	0.71	0.52	0.46	-0.37	0.78	-0.58	0.12	0.99	0.93	-0.16	0.98	0.53	0.91	0.72	0.34	-0.18	0.54	0.89	0.86
Other Current Liab	-0.98	-0.97		-0.98	-0.7	-0.77	-0.98	-0.69	-0.55	-0.49	0.34	-0.73	0.63	-0.03	-0.98	-0.91	0.13	-0.98	-0.57	-0.89	-0.76	-0.29	0.29	-0.58	-0.93	-0.87
Total Current Liabilities	0.99	0.98	-0.98		0.7	0.73	0.99	0.7	0.59	0.53	-0.44	0.76	-0.65	0.06	1.0	0.91	-0.11	1.0	0.53	0.9	0.71	0.37	-0.16	0.63	0.94	0.85
Total Stockholder Equity	0.75	0.71	-0.7	0.7		0.55	0.68	0.99	0.0	-0.06	-0.42	0.25	-0.34	-0.23	0.71	0.51	0.33	0.68	0.42	0.48	0.69	0.66	0.1	0.05	0.65	0.82
Property Plant And Equipment Net	0.75	0.76	-0.77	0.73	0.55		0.77	0.52	0.34	0.28	0.09	0.54	-0.58	0.25	0.76	0.72	-0.26	0.74	0.59	0.78	0.6	-0.03	-0.25	0.37	0.73	0.87
Net Debt	0.99	0.98	-0.98	0.99	0.68	0.77		0.68	0.59	0.53	-0.4	0.76	-0.66	0.12	1.0	0.92	-0.17	1.0	0.54	0.92	0.7	0.3	-0.2	0.62	0.93	0.87
Retained Earnings	0.75	0.71	-0.69	0.7	0.99	0.52	0.68		-0.02	-0.07	-0.46	0.24	-0.35	-0.21	0.7	0.51	0.32	0.68	0.42	0.47	0.68	0.66	0.06	0.03	0.64	0.79
Non Current Assets Total	0.53	0.52	-0.55	0.59	0.0	0.34	0.59	-0.02		1.0	-0.37	0.84	-0.54	0.21	0.57	0.58	-0.51	0.6	0.06	0.64	0.08	-0.19	-0.15	0.96	0.6	0.36
Non Currrent Assets Other	0.47	0.46	-0.49	0.53	-0.06	0.28	0.53	-0.07	1.0		-0.37	0.82	-0.5	0.2	0.51	0.53	-0.51	0.55	0.01	0.59	0.02	-0.21	-0.13	0.95	0.55	0.3
Common Stock Shares Outstanding	-0.43	-0.37	0.34	-0.44	-0.42	0.09	-0.4	-0.46	-0.37	-0.37		-0.33	0.26	0.17	-0.41	-0.2	-0.21	-0.41	0.06	-0.21	-0.02	-0.44	-0.13	-0.44	-0.41	-0.19
Non Current Liabilities Total	0.72	0.78	-0.73	0.76	0.25	0.54	0.76	0.24	0.84	0.82	-0.33		-0.45	0.27	0.74	0.81	-0.49	0.76	0.18	0.81	0.31	-0.03	-0.16	0.81	0.68	0.56
Other Current Assets	-0.63	-0.58	0.63	-0.65	-0.34	-0.58	-0.66	-0.35	-0.54	-0.5	0.26	-0.45		-0.4	-0.65	-0.65	0.48	-0.66	-0.25	-0.75	-0.34	0.12	0.09	-0.6	-0.63	-0.6
Other Stockholder Equity	0.06	0.12	-0.03	0.06	-0.23	0.25	0.12	-0.21	0.21	0.2	0.17	0.27	-0.4		0.09	0.32	-0.78	0.08	-0.25	0.41	-0.26	-0.54	0.04	0.16	-0.13	0.11
Total Liab	1.0	0.99	-0.98	1.0	0.71	0.76	1.0	0.7	0.57	0.51	-0.41	0.74	-0.65	0.09		0.91	-0.14	1.0	0.55	0.91	0.72	0.34	-0.18	0.59	0.93	0.87
Property Plant And Equipment Gross	0.89	0.93	-0.91	0.91	0.51	0.72	0.92	0.51	0.58	0.53	-0.2	0.81	-0.65	0.32	0.91		-0.44	0.92	0.37	0.97	0.59	0.16	-0.2	0.57	0.76	0.76
Total Current Assets	-0.09	-0.16	0.13	-0.11	0.33	-0.26	-0.17	0.32	-0.51	-0.51	-0.21	-0.49	0.48	-0.78	-0.14	-0.44		-0.15	0.32	-0.51	0.23	0.69	0.19	-0.4	0.02	-0.09
Short Term Debt	0.99	0.98	-0.98	1.0	0.68	0.74	1.0	0.68	0.6	0.55	-0.41	0.76	-0.66	0.08	1.0	0.92	-0.15		0.52	0.91	0.7	0.34	-0.19	0.64	0.93	0.85
Intangible Assets	0.54	0.53	-0.57	0.53	0.42	0.59	0.54	0.42	0.06	0.01	0.06	0.18	-0.25	-0.25	0.55	0.37	0.32	0.52		0.34	0.8	0.29	-0.31	0.09	0.68	0.49
Other Assets	0.89	0.91	-0.89	0.9	0.48	0.78	0.92	0.47	0.64	0.59	-0.21	0.81	-0.75	0.41	0.91	0.97	-0.51	0.91	0.34		0.53	0.02	-0.21	0.65	0.78	0.79
Accounts Payable	0.73	0.72	-0.76	0.71	0.69	0.6	0.7	0.68	0.08	0.02	-0.02	0.31	-0.34	-0.26	0.72	0.59	0.23	0.7	0.8	0.53		0.45	-0.2	0.1	0.76	0.69
Cash	0.39	0.34	-0.29	0.37	0.66	-0.03	0.3	0.66	-0.19	-0.21	-0.44	-0.03	0.12	-0.54	0.34	0.16	0.69	0.34	0.29	0.02	0.45		0.37	-0.12	0.34	0.28
Cash And Short Term Investments	-0.15	-0.18	0.29	-0.16	0.1	-0.25	-0.2	0.06	-0.15	-0.13	-0.13	-0.16	0.09	0.04	-0.18	-0.2	0.19	-0.19	-0.31	-0.21	-0.2	0.37		-0.12	-0.17	-0.1
Net Receivables	0.56	0.54	-0.58	0.63	0.05	0.37	0.62	0.03	0.96	0.95	-0.44	0.81	-0.6	0.16	0.59	0.57	-0.4	0.64	0.09	0.65	0.1	-0.12	-0.12		0.65	0.4
Good Will	0.93	0.89	-0.93	0.94	0.65	0.73	0.93	0.64	0.6	0.55	-0.41	0.68	-0.63	-0.13	0.93	0.76	0.02	0.93	0.68	0.78	0.76	0.34	-0.17	0.65		0.8
Common Stock Total Equity	0.88	0.86	-0.87	0.85	0.82	0.87	0.87	0.79	0.36	0.3	-0.19	0.56	-0.6	0.11	0.87	0.76	-0.09	0.85	0.49	0.79	0.69	0.28	-0.1	0.4	0.8

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Accord Financial Account Relationship Matchups

Accord Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	406.2M	384.9M	520.1M	491.8M	513.5M	539.2M
Short Long Term Debt Total	297.5M	274.5M	397.9M	485.2M	414.0M	434.7M
Other Current Liab	(254.3M)	(233.9M)	(374.5M)	(342.4M)	(390.3M)	(370.8M)
Total Current Liabilities	260.2M	243.2M	368.7M	342.4M	390.1M	409.6M
Total Stockholder Equity	92.5M	89.9M	100.0M	101.0M	83.9M	59.8M
Property Plant And Equipment Net	2.3M	1.7M	1.3M	1.7M	2.1M	1.1M
Net Debt	290.7M	268.9M	384.1M	356.4M	408.1M	428.5M
Retained Earnings	75.0M	73.1M	83.3M	82.2M	65.6M	50.9M
Non Current Assets Total	19.4M	18.2M	17.5M	17.0M	507.6M	532.9M
Non Currrent Assets Other	(19.4M)	(18.2M)	(17.5M)	(17.0M)	502.5M	527.6M
Liabilities And Stockholders Equity	406.2M	384.9M	520.1M	491.8M	513.5M	539.2M
Non Current Liabilities Total	46.9M	43.5M	41.9M	342.4M	407.8M	428.2M
Other Current Assets	(376.4M)	(361.4M)	(497.2M)	6.7M	(477.0M)	(453.2M)
Other Stockholder Equity	1.3M	1.2M	1.1M	1.7M	1.8M	1.9M
Total Liab	309.8M	291.2M	416.1M	385.1M	424.8M	446.1M
Property Plant And Equipment Gross	2.3M	1.7M	4.7M	4.6M	4.3M	4.5M
Total Current Assets	109.1M	117.1M	93.7M	77.4M	5.9M	5.6M
Accumulated Other Comprehensive Income	6.7M	6.1M	6.1M	7.7M	7.1M	7.4M
Short Term Debt	254.0M	232.3M	372.2M	331.2M	390.1M	409.6M
Intangible Assets	3.6M	3.3M	3.1M	3.2M	3.0M	2.7M
Other Assets	277.7M	249.6M	408.9M	397.3M	456.9M	479.8M
Accounts Payable	6.2M	10.8M	11.9M	11.2M	8.1M	6.4M
Cash	6.8M	5.5M	13.8M	11.6M	5.9M	7.0M
Cash And Short Term Investments	6.8M	5.5M	13.8M	11.6M	5.9M	5.6M
Net Receivables	102.3M	111.6M	79.9M	65.8M	467.3M	490.7M
Good Will	13.5M	13.2M	13.1M	12.1M	18.6M	19.6M
Other Liab	2.1M	3.5M	1.9M	800.7K	920.8K	1.7M
Net Tangible Assets	75.4M	73.4M	83.7M	85.7M	98.5M	76.7M
Short Long Term Debt	11.2M	21.4M	356.8M	331.2M	371.8M	390.4M
Property Plant Equipment	2.3M	1.7M	1.3M	1.7M	2.0M	1.1M
Long Term Debt	41.9M	251.9M	40.1M	35.4M	40.4M	59.2M
Long Term Debt Total	43.5M	42.2M	41.1M	154.0M	177.1M	186.0M
Capital Surpluse	1.3M	1.2M	1.1M	1.7M	2.0M	2.1M
Net Invested Capital	388.4M	363.1M	496.9M	467.5M	496.1M	439.2M

Pair Trading with Accord Financial

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

Moving against Accord Stock

0.85	AMZN	Amazon CDR	Pair Corr
0.83	TSLA	Tesla Inc CDR	Pair Corr
0.74	GOOG	Alphabet CDR	Pair Corr
0.65	AAPL	Apple Inc CDR	Pair Corr
0.61	JPM	JPMorgan Chase	Pair Corr

The ability to find closely correlated positions to Accord Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accord Financial 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 Accord Financial - 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 Accord Financial Corp to buy it.

The correlation of Accord Financial 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 Accord Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accord Financial Corp 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 Accord Financial 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 Correlation Correlation Matching

Other Information on Investing in Accord Stock

Balance Sheet is a snapshot of the financial position of Accord Financial Corp at a specified time, usually calculated after every quarter, six months, or one year. Accord Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Accord Financial 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 Accord currently owns. An asset can also be divided into two categories, current and non-current.

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Accord Average Payables vs Free Cash Flow Yield Analysis

Average Payables vs Free Cash Flow Yield

Average Payables vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Average Payables

Free Cash Flow Yield

Accord Financial fundamental ratios Correlations

Accord Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Accord Financial fundamental ratios Accounts

Pair Trading with Accord Financial

Moving against Accord Stock

Other Information on Investing in Accord Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Short Term Debt	+ 1.0	Total Current Liabilities
Total Liab	+ 1.0	Net Debt
Short Term Debt	+ 1.0	Net Debt
Non Currrent Assets Other	+ 1.0	Non Current Assets Total

Short Term Debt	- 0.98	Other Current Liab
Total Liab	- 0.98	Other Current Liab
Net Debt	- 0.98	Other Current Liab
Total Current Liabilities	- 0.98	Other Current Liab
Other Current Liab	- 0.98	Total Assets
Other Current Liab	- 0.97	Short Long Term Debt Total