ARC Pb Ratio vs Capex To Depreciation Analysis
ARX Stock | CAD 25.81 0.01 0.04% |
ARC Resources financial indicator trend analysis is way more than just evaluating ARC Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ARC Resources is a good investment. Please check the relationship between ARC Resources Pb Ratio and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ARC Resources. 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.
Pb Ratio vs Capex To Depreciation
Pb Ratio vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ARC Resources Pb Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between ARC Resources' Pb Ratio and Capex To Depreciation is -0.09. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of ARC Resources, assuming nothing else is changed. The correlation between historical values of ARC Resources' Pb Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of ARC Resources are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Pb Ratio i.e., ARC Resources' Pb Ratio and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.09 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Pb Ratio
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from ARC Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ARC Resources 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 ARC Resources. 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. As of the 2nd of December 2024, Selling General Administrative is likely to grow to about 219.7 M. Also, Tax Provision is likely to grow to about 483.8 M
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 592.4M | 773.1M | 212.2M | 363.8M | Cost Of Revenue | 2.9B | 5.1B | 2.3B | 2.4B |
ARC Resources fundamental ratios Correlations
Click cells to compare fundamentals
ARC Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ARC Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.8B | 5.0B | 11.4B | 11.6B | 12.4B | 13.0B | |
Short Long Term Debt Total | 923.8M | 751.1M | 2.6B | 1.8B | 2.2B | 2.3B | |
Other Current Liab | 60.4M | 99.1M | 601.1M | 502.7M | 177.7M | 130.9M | |
Total Current Liabilities | 365M | 367.7M | 1.5B | 1.7B | 981.6M | 1.0B | |
Total Stockholder Equity | 3.4B | 2.8B | 5.9B | 6.7B | 7.4B | 7.8B | |
Property Plant And Equipment Net | 5.3B | 4.5B | 10.4B | 10.4B | 11.2B | 11.7B | |
Net Debt | 915.3M | 750.7M | 3.4B | 1.7B | 2.2B | 2.3B | |
Retained Earnings | (1.3B) | (1.9B) | (1.3B) | 139.1M | 1.1B | 1.2B | |
Accounts Payable | 139.4M | 106.6M | 710.2M | 1.1B | 697.9M | 732.8M | |
Cash | 8.5M | 400K | (869.3M) | 57.1M | 1.1M | 1.0M | |
Non Current Assets Total | 5.6B | 4.8B | 10.7B | 10.6B | 11.5B | 12.1B | |
Non Currrent Assets Other | (132.6M) | 214.9M | (789.4M) | (415.1M) | 61.5M | 64.6M | |
Cash And Short Term Investments | 8.5M | 400K | (869.3M) | 57.1M | 1.1M | 1.0M | |
Net Receivables | 115.6M | 145.9M | 672M | 863.2M | 583M | 612.2M | |
Common Stock Shares Outstanding | 353.4M | 353.4M | 627.3M | 663.1M | 610.6M | 641.2M | |
Liabilities And Stockholders Equity | 5.8B | 5.0B | 11.4B | 11.6B | 12.4B | 13.0B | |
Non Current Liabilities Total | 2.0B | 1.8B | 3.9B | 3.3B | 4.0B | 4.2B | |
Other Stockholder Equity | 32.2M | 36.5M | 46.3M | 39.9M | 36.1M | 34.3M | |
Total Liab | 2.3B | 2.2B | 5.5B | 5.0B | 5.0B | 5.2B | |
Property Plant And Equipment Gross | 5.3B | 4.5B | 15.5B | 16.8B | 18.9B | 19.8B | |
Total Current Assets | 193.2M | 162.3M | 730M | 986.5M | 893.4M | 938.1M | |
Other Current Assets | 69.1M | 14.4M | 35.7M | 59.5M | 280.2M | 294.2M | |
Short Term Debt | 165.2M | 162M | 109.3M | 92.4M | 85.2M | 73.6M | |
Common Stock | 4.7B | 4.7B | 7.2B | 6.5B | 6.3B | 5.1B | |
Current Deferred Revenue | 43.2M | 40.3M | 175M | 139.5M | 160.4M | 168.4M | |
Other Liab | 1.2B | 1.2B | 1.5B | 1.6B | 1.8B | 1.4B | |
Net Tangible Assets | 3.2B | 2.5B | 5.7B | 6.4B | 7.4B | 4.1B | |
Other Assets | 142.1M | 4.2M | 0.0 | 13.3M | 12.0M | 11.4M | |
Long Term Debt | 728.7M | 555.2M | 1.7B | 990M | 1.1B | 1.1B | |
Short Long Term Debt | 73.9M | 80.5M | 148.9M | 146.7M | 132.0M | 151.0M | |
Property Plant Equipment | 5.3B | 4.5B | 10.4B | 10.4B | 11.9B | 6.7B | |
Long Term Debt Total | 758.6M | 589.1M | 2.5B | 1.7B | 1.9B | 1.3B |
Pair Trading with ARC Resources
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 ARC Resources 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 ARC Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with ARC Stock
Moving against ARC Stock
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The ability to find closely correlated positions to ARC Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ARC Resources 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 ARC Resources - 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 ARC Resources to buy it.
The correlation of ARC Resources 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 ARC Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ARC Resources 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 ARC Resources 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 ARC Stock
Balance Sheet is a snapshot of the financial position of ARC Resources at a specified time, usually calculated after every quarter, six months, or one year. ARC Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ARC Resources 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 ARC currently owns. An asset can also be divided into two categories, current and non-current.