Autocanada Free Cash Flow Yield vs Pb Ratio Analysis
| ACQ Stock | CAD 18.79 0.04 0.21% |
Autocanada financial indicator trend analysis is way more than just evaluating Autocanada prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autocanada is a good investment. Please check the relationship between Autocanada Free Cash Flow Yield and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autocanada. 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.
Free Cash Flow Yield vs Pb Ratio
Free Cash Flow Yield vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autocanada Free Cash Flow Yield account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Autocanada's Free Cash Flow Yield and Pb Ratio is -0.29. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Autocanada, assuming nothing else is changed. The correlation between historical values of Autocanada's Free Cash Flow Yield and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Autocanada are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Free Cash Flow Yield i.e., Autocanada's Free Cash Flow Yield and Pb Ratio go up and down completely randomly.
Correlation Coefficient | -0.29 |
| Relationship Direction | Negative |
| Relationship Strength | Insignificant |
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.Pb Ratio
Most indicators from Autocanada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autocanada 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 Autocanada. 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, Autocanada's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Issuance Of Capital Stock is likely to grow to about 26.6 M, while Tax Provision is likely to drop about 21.3 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 56.9M | 92.8M | 147.2M | 154.5M | Depreciation And Amortization | 43.7M | 52.0M | 59.0M | 62.0M |
Autocanada fundamental ratios Correlations
Click cells to compare fundamentals
Autocanada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Autocanada fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.0B | 1.9B | 2.3B | 2.9B | 3.2B | 3.3B | |
| Short Long Term Debt Total | 1.4B | 1.3B | 1.4B | 2.0B | 2.2B | 2.3B | |
| Other Current Liab | 46.7M | 91.0M | 125.3M | 186.7M | 124.3M | 76.3M | |
| Total Current Liabilities | 1.0B | 942.9M | 953.4M | 1.3B | 1.5B | 1.6B | |
| Total Stockholder Equity | 353.6M | 341.9M | 493.4M | 457.9M | 534.8M | 330.5M | |
| Property Plant And Equipment Net | 500.9M | 512.4M | 619.1M | 742.0M | 783.4M | 822.5M | |
| Net Debt | 1.4B | 1.2B | 1.3B | 1.9B | 2.1B | 2.2B | |
| Retained Earnings | (157.3M) | (160.6M) | 3.1M | 89.4M | 139.9M | 146.9M | |
| Cash | 55.6M | 107.7M | 102.5M | 108.3M | 103.1M | 65.8M | |
| Non Current Assets Total | 953.4M | 964.9M | 1.3B | 1.5B | 1.6B | 1.7B | |
| Non Currrent Assets Other | 5.0M | 14.3M | 17.2M | 22.3M | 2.2M | 2.1M | |
| Cash And Short Term Investments | 55.6M | 107.7M | 102.5M | 108.3M | 103.1M | 65.8M | |
| Net Receivables | 136.8M | 118.7M | 133.0M | 217.9M | 244.4M | 256.6M | |
| Good Will | 24.1M | 25.7M | 51.0M | 78.1M | 98.3M | 103.2M | |
| Common Stock Total Equity | 508.8M | 509.5M | 509.9M | 508.1M | 584.3M | 441.9M | |
| Common Stock Shares Outstanding | 27.4M | 27.4M | 27.3M | 29.3M | 24.5M | 26.2M | |
| Liabilities And Stockholders Equity | 2.0B | 1.9B | 2.3B | 2.9B | 3.2B | 3.3B | |
| Non Current Liabilities Total | 608.8M | 594.7M | 785.8M | 1.1B | 1.1B | 1.2B | |
| Inventory | 821.5M | 699.2M | 737.3M | 979.5M | 1.2B | 1.2B | |
| Other Current Assets | 22.7M | 29K | 9.5M | 44K | 37.9M | 22.4M | |
| Other Stockholder Equity | 6.5M | 10.0M | (9.3M) | (65.4M) | (47.7M) | (45.3M) | |
| Total Liab | 1.6B | 1.5B | 1.7B | 2.4B | 2.6B | 2.7B | |
| Property Plant And Equipment Gross | 500.9M | 512.4M | 706.3M | 846.7M | 897.3M | 942.2M | |
| Total Current Assets | 1.0B | 935.5M | 982.3M | 1.3B | 1.5B | 1.6B | |
| Short Term Debt | 853.5M | 786.1M | 734.2M | 1.0B | 1.2B | 1.3B | |
| Intangible Assets | 410.3M | 399.6M | 548.2M | 659.3M | 682.1M | 716.2M | |
| Common Stock | 509.9M | 508.1M | 510.8M | 433.7M | 434.6M | 456.6M | |
| Accounts Payable | 84.8M | 65.8M | 94.0M | 89.8M | 75.1M | 51.1M | |
| Accumulated Other Comprehensive Income | (5.5M) | (15.7M) | (11.3M) | 213K | 8.0M | 8.4M | |
| Current Deferred Revenue | 28.7M | 50.2M | 76.7M | 98.8M | 113.7M | 119.4M | |
| Other Liab | 30.1M | 11.5M | 64.4M | 60.9M | 70.0M | 50.4M | |
| Net Tangible Assets | (80.8M) | (83.5M) | (105.8M) | (279.4M) | (251.5M) | (238.9M) | |
| Other Assets | 18.1M | 27.1M | 58.1M | 62.3M | 71.7M | 75.3M | |
| Long Term Debt | 213.3M | 197.2M | 286.6M | 554.4M | 562.2M | 338.7M | |
| Short Long Term Debt | 832.3M | 762.0M | 708.6M | 993.0M | 1.2B | 681.8M | |
| Property Plant Equipment | 500.9M | 512.4M | 619.1M | 742.0M | 853.3M | 431.3M | |
| Long Term Debt Total | 572.6M | 561.5M | 713.8M | 1.0B | 1.2B | 1.2B | |
| Capital Surpluse | 6.5M | 10.0M | (6.8M) | (64.7M) | (58.3M) | (55.4M) |
Pair Trading with Autocanada
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 Autocanada 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 Autocanada will appreciate offsetting losses from the drop in the long position's value.Moving against Autocanada Stock
| 0.6 | AEMC | Alaska Energy Metals | PairCorr |
| 0.57 | CMC | Cielo Waste Solutions | PairCorr |
| 0.46 | EOG | Eco Atlantic Oil | PairCorr |
The ability to find closely correlated positions to Autocanada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autocanada 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 Autocanada - 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 Autocanada to buy it.
The correlation of Autocanada 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 Autocanada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autocanada 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 Autocanada 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.Other Information on Investing in Autocanada Stock
Balance Sheet is a snapshot of the financial position of Autocanada at a specified time, usually calculated after every quarter, six months, or one year. Autocanada Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Autocanada 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 Autocanada currently owns. An asset can also be divided into two categories, current and non-current.