Corby Pfcf Ratio vs Days Payables Outstanding Analysis

CSW-B Stock  CAD 12.17  0.03  0.25%   
Corby Spirit financial indicator trend analysis is way more than just evaluating Corby Spirit prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corby Spirit is a good investment. Please check the relationship between Corby Spirit Pfcf Ratio and its Days Payables Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Pfcf Ratio vs Days Payables Outstanding

Pfcf Ratio vs Days Payables Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corby Spirit Pfcf Ratio account and Days Payables Outstanding. At this time, the significance of the direction appears to have significant contrarian relationship.
Pfcf RatioDays Payables OutstandingDiversified AwayPfcf RatioDays Payables OutstandingDiversified Away100%
The correlation between Corby Spirit's Pfcf Ratio and Days Payables Outstanding is -0.4. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Days Payables Outstanding in the same time period over historical financial statements of Corby Spirit and, assuming nothing else is changed. The correlation between historical values of Corby Spirit's Pfcf Ratio and Days Payables Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Corby Spirit and are associated (or correlated) with its Days Payables Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Days Payables Outstanding has no effect on the direction of Pfcf Ratio i.e., Corby Spirit's Pfcf Ratio and Days Payables Outstanding go up and down completely randomly.

Correlation Coefficient

-0.4
Relationship DirectionNegative 
Relationship StrengthVery Weak

Pfcf Ratio

Days Payables Outstanding

Most indicators from Corby Spirit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corby Spirit 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 Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.
At this time, Corby Spirit's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 14.88 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit96.1M94.1M115.8M104.2M
Total Revenue159.4M163.0M229.7M173.5M

Corby Spirit fundamental ratios Correlations

0.80.90.1-0.63-0.57-0.430.78-0.250.590.780.690.920.650.870.60.71-0.510.670.74-0.420.86-0.510.990.18-0.51
0.80.94-0.18-0.67-0.5-0.580.85-0.040.730.660.410.810.760.730.680.34-0.290.860.5-0.680.65-0.290.790.33-0.29
0.90.94-0.08-0.76-0.56-0.60.93-0.270.80.820.590.920.840.810.550.5-0.430.890.67-0.680.73-0.430.880.13-0.43
0.1-0.18-0.08-0.130.050.050.06-0.140.070.140.32-0.090.230.240.140.2-0.45-0.20.330.20.29-0.450.110.1-0.45
-0.63-0.67-0.76-0.130.410.59-0.850.39-0.61-0.91-0.53-0.77-0.9-0.63-0.33-0.290.43-0.86-0.590.84-0.550.43-0.64-0.030.43
-0.57-0.5-0.560.050.410.62-0.50.56-0.08-0.45-0.67-0.6-0.32-0.71-0.15-0.70.64-0.39-0.750.25-0.70.64-0.580.130.64
-0.43-0.58-0.60.050.590.62-0.560.58-0.47-0.48-0.72-0.63-0.66-0.75-0.28-0.060.76-0.68-0.740.66-0.670.76-0.46-0.10.76
0.780.850.930.06-0.85-0.5-0.56-0.190.770.870.470.790.890.720.560.41-0.360.840.57-0.680.63-0.360.770.19-0.36
-0.25-0.04-0.27-0.140.390.560.58-0.19-0.15-0.44-0.8-0.46-0.35-0.450.44-0.410.74-0.35-0.760.3-0.420.74-0.220.660.74
0.590.730.80.07-0.61-0.08-0.470.77-0.150.640.370.640.860.530.430.09-0.260.80.42-0.630.42-0.260.550.11-0.26
0.780.660.820.14-0.91-0.45-0.480.87-0.440.640.620.840.830.690.310.5-0.450.80.67-0.630.63-0.450.76-0.06-0.45
0.690.410.590.32-0.53-0.67-0.720.47-0.80.370.620.750.560.870.160.56-0.950.490.99-0.350.87-0.950.68-0.15-0.95
0.920.810.92-0.09-0.77-0.6-0.630.79-0.460.640.840.750.750.860.420.57-0.560.840.78-0.660.81-0.560.910.02-0.56
0.650.760.840.23-0.9-0.32-0.660.89-0.350.860.830.560.750.690.440.2-0.490.890.63-0.820.59-0.490.640.1-0.49
0.870.730.810.24-0.63-0.71-0.750.72-0.450.530.690.870.860.690.590.56-0.820.630.91-0.450.99-0.820.890.25-0.82
0.60.680.550.14-0.33-0.15-0.280.560.440.430.310.160.420.440.590.08-0.180.340.22-0.240.59-0.180.660.88-0.18
0.710.340.50.2-0.29-0.7-0.060.41-0.410.090.50.560.570.20.560.08-0.40.20.620.030.59-0.40.67-0.29-0.4
-0.51-0.29-0.43-0.450.430.640.76-0.360.74-0.26-0.45-0.95-0.56-0.49-0.82-0.18-0.4-0.35-0.930.27-0.831.0-0.530.041.0
0.670.860.89-0.2-0.86-0.39-0.680.84-0.350.80.80.490.840.890.630.340.2-0.350.55-0.90.51-0.350.640.0-0.35
0.740.50.670.33-0.59-0.75-0.740.57-0.760.420.670.990.780.630.910.220.62-0.930.55-0.40.9-0.930.73-0.12-0.93
-0.42-0.68-0.680.20.840.250.66-0.680.3-0.63-0.63-0.35-0.66-0.82-0.45-0.240.030.27-0.9-0.4-0.340.27-0.42-0.010.27
0.860.650.730.29-0.55-0.7-0.670.63-0.420.420.630.870.810.590.990.590.59-0.830.510.9-0.34-0.830.890.27-0.83
-0.51-0.29-0.43-0.450.430.640.76-0.360.74-0.26-0.45-0.95-0.56-0.49-0.82-0.18-0.41.0-0.35-0.930.27-0.83-0.530.041.0
0.990.790.880.11-0.64-0.58-0.460.77-0.220.550.760.680.910.640.890.660.67-0.530.640.73-0.420.89-0.530.28-0.53
0.180.330.130.1-0.030.13-0.10.190.660.11-0.06-0.150.020.10.250.88-0.290.040.0-0.12-0.010.270.040.280.04
-0.51-0.29-0.43-0.450.430.640.76-0.360.74-0.26-0.45-0.95-0.56-0.49-0.82-0.18-0.41.0-0.35-0.930.27-0.831.0-0.530.04
Click cells to compare fundamentals

Corby Spirit Account Relationship Matchups

Corby Spirit fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets234.4M254.2M253.5M362.6M420.5M293.0M
Other Current Liab10.1M6.8M10.2M19.0M13.5M8.1M
Total Current Liabilities40.4M47.9M54.6M69.7M76.7M49.1M
Total Stockholder Equity172.6M187.8M183.2M180.0M181.6M197.5M
Other Liab17.8M15.5M13.2M12.6M11.3M13.4M
Net Tangible Assets136.4M160.2M113.2M120.1M108.1M105.6M
Retained Earnings160.2M166.7M163.7M160.6M158.8M132.3M
Accounts Payable24.9M37.1M43.2M48.1M43.9M36.7M
Cash81.7M94.4M52.5M155.0M4.6M4.4M
Other Assets4.7M11.7M6.8M7.0M8.0M5.0M
Net Receivables26.3M35.7M38.3M39.6M51.5M36.7M
Inventory61.3M60.8M61.1M75.2M94.7M69.9M
Other Stockholder Equity(1.9M)6.8M5.2M5.1M5.9M6.2M
Total Liab61.8M66.4M70.3M182.6M222.7M233.8M
Total Current Assets169.8M192.2M152.5M270.5M179.3M196.9M
Intangible Assets27.4M18.8M61.3M51.2M91.0M49.2M
Property Plant Equipment23.7M22.7M24.2M25.2M29.0M20.8M
Non Current Assets Total64.6M62.0M101.0M92.1M241.2M253.2M
Non Currrent Assets Other4.7M11.7M6.8M7.0M8.0M14.5M
Non Current Liabilities Total21.4M18.5M15.7M112.9M146.0M153.3M
Net Invested Capital172.6M187.9M183.2M278.0M301.6M227.5M
Net Working Capital129.4M143.2M97.9M200.8M102.6M145.7M

Pair Trading with Corby Spirit

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

Moving against Corby Stock

  0.42TCL-B TranscontinentalPairCorr
The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.
The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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

Additional Tools for Corby Stock Analysis

When running Corby Spirit's price analysis, check to measure Corby Spirit'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 Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.