Andrew Intangible Assets vs Non Currrent Assets Other Analysis
ADW-A Stock | CAD 4.01 0.01 0.25% |
Andrew Peller financial indicator trend analysis is way more than just evaluating Andrew Peller Limited prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Andrew Peller Limited is a good investment. Please check the relationship between Andrew Peller Intangible Assets and its Non Currrent Assets Other accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Andrew Peller Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Intangible Assets vs Non Currrent Assets Other
Intangible Assets vs Non Currrent Assets Other Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Andrew Peller Limited Intangible Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Andrew Peller's Intangible Assets and Non Currrent Assets Other is -0.7. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Currrent Assets Other in the same time period over historical financial statements of Andrew Peller Limited, assuming nothing else is changed. The correlation between historical values of Andrew Peller's Intangible Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Andrew Peller Limited are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Intangible Assets i.e., Andrew Peller's Intangible Assets and Non Currrent Assets Other go up and down completely randomly.
Correlation Coefficient | -0.7 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Non Currrent Assets Other
Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.Most indicators from Andrew Peller's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Andrew Peller Limited 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 Andrew Peller Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. Selling General Administrative is likely to drop to about 73.2 M in 2024. Tax Provision is likely to gain to about (32.3 K) in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 129.9M | 132.1M | 140.3M | 101.8M | Total Revenue | 373.9M | 382.1M | 385.9M | 257.3M |
Andrew Peller fundamental ratios Correlations
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Andrew Peller Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Andrew Peller fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 513.9M | 542.5M | 558.1M | 566.7M | 553.2M | 289.0M | |
Short Long Term Debt Total | 183.1M | 192.4M | 208.3M | 227.8M | 226.5M | 237.8M | |
Other Current Liab | 22.5M | 24.7M | 19.2M | 21.8M | 26.6M | 27.9M | |
Total Current Liabilities | 130.5M | 54.6M | 54.4M | 59.9M | 58.7M | 69.2M | |
Total Stockholder Equity | 245.5M | 265.6M | 265.4M | 253.6M | 241.4M | 137.1M | |
Property Plant And Equipment Net | 221.1M | 223.9M | 224.2M | 223.9M | 227.1M | 238.5M | |
Net Debt | 200.9M | 189.6M | 207.0M | 242.5M | 226.5M | 237.8M | |
Retained Earnings | 218.3M | 236.8M | 233.7M | 220.0M | 206.8M | 125.4M | |
Accounts Payable | 34.3M | 24.8M | 29.7M | 27.0M | 22.6M | 21.9M | |
Non Current Assets Total | 299.8M | 317.2M | 321.9M | 320.6M | 322.8M | 339.0M | |
Non Currrent Assets Other | (299.8M) | (317.2M) | (321.9M) | (320.6M) | 1.6M | 1.7M | |
Cash And Short Term Investments | (17.8M) | 2.7M | 1.3M | (14.7M) | (18.0M) | (17.1M) | |
Net Receivables | 35.3M | 34.9M | 29.9M | 29.6M | 33.4M | 22.3M | |
Common Stock Shares Outstanding | 35.8M | 35.5M | 35.2M | 35.0M | 36.9M | 33.2M | |
Liabilities And Stockholders Equity | 513.9M | 542.5M | 558.1M | 566.7M | 553.2M | 289.0M | |
Non Current Liabilities Total | 137.9M | 222.3M | 238.3M | 253.3M | 253.0M | 265.7M | |
Inventory | 172.7M | 181.5M | 199.1M | 212.1M | 193.0M | 106.1M | |
Other Current Assets | 6.1M | 6.2M | 5.9M | 4.5M | 4.0M | 2.7M | |
Other Stockholder Equity | 4.8M | (263.8M) | (261M) | (248.0M) | 6.6M | 6.9M | |
Total Liab | 268.4M | 276.9M | 292.7M | 313.1M | 311.8M | 327.4M | |
Property Plant And Equipment Gross | 221.1M | 374.1M | 380.8M | 394.6M | 411.2M | 431.7M | |
Total Current Assets | 214.1M | 225.3M | 236.2M | 246.2M | 230.4M | 132.4M | |
Accumulated Other Comprehensive Income | (3.6M) | (3.2M) | (1.4M) | (1.0M) | (718K) | (753.9K) | |
Short Term Debt | 72.7M | 3.8M | 4.1M | 9.5M | 5.6M | 5.3M | |
Intangible Assets | 25.1M | 39.7M | 44.0M | 43.1M | 40.5M | 20.6M | |
Common Stock | 26.0M | 27.0M | 27.3M | 28.0M | 28.8M | 18.1M | |
Current Deferred Revenue | 963K | 1.2M | 1.4M | 1.6M | 1.7M | 1.3M | |
Other Liab | 25.7M | 33.8M | 34.0M | 35.0M | 40.2M | 29.7M | |
Net Tangible Assets | 166.8M | 172.3M | 167.8M | 156.9M | 180.5M | 154.0M | |
Long Term Debt | 95.5M | 174.5M | 192.1M | 208.1M | 208.3M | 129.0M | |
Short Long Term Debt | 55.5M | 47.9M | 69.7M | 4.9M | 199K | 189.1K | |
Property Plant Equipment | 221.1M | 223.9M | 224.2M | 223.9M | 257.5M | 187.4M | |
Net Invested Capital | 410.8M | 440.1M | 457.5M | 466.7M | 449.9M | 472.4M | |
Net Working Capital | 83.7M | 170.7M | 181.8M | 186.3M | 171.7M | 156.5M | |
Capital Stock | 26.0M | 27.0M | 27.3M | 28.0M | 28.8M | 30.0M |
Pair Trading with Andrew Peller
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 Andrew Peller 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 Andrew Peller will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Andrew Peller could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Andrew Peller 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 Andrew Peller - 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 Andrew Peller Limited to buy it.
The correlation of Andrew Peller 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 Andrew Peller moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Andrew Peller Limited 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 Andrew Peller 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.Additional Tools for Andrew Stock Analysis
When running Andrew Peller's price analysis, check to measure Andrew Peller'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 Andrew Peller is operating at the current time. Most of Andrew Peller's value examination focuses on studying past and present price action to predict the probability of Andrew Peller's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andrew Peller's price. Additionally, you may evaluate how the addition of Andrew Peller to your portfolios can decrease your overall portfolio volatility.