North Retained Earnings vs Common Stock Analysis

FFN Stock  CAD 7.24  0.03  0.41%   
North American financial indicator trend analysis is infinitely more than just investigating North American Financial recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether North American Financial is a good investment. Please check the relationship between North American Retained Earnings and its Common Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in North American Financial. 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.

Retained Earnings vs Common Stock

Retained Earnings vs Common Stock Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North American Financial Retained Earnings account and Common Stock. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between North American's Retained Earnings and Common Stock is -0.1. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Common Stock in the same time period over historical financial statements of North American Financial, assuming nothing else is changed. The correlation between historical values of North American's Retained Earnings and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of North American Financial are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Retained Earnings i.e., North American's Retained Earnings and Common Stock go up and down completely randomly.

Correlation Coefficient

-0.1
Relationship DirectionNegative 
Relationship StrengthInsignificant

Retained Earnings

The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.

Common Stock

Most indicators from North American's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into North American Financial 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in North American Financial. 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, North American's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Enterprise Value is likely to grow to about 683.7 M, while Issuance Of Capital Stock is likely to drop about 48.4 M.

North American fundamental ratios Correlations

-0.560.940.960.95-0.040.580.91.0-0.970.750.780.970.77-0.60.870.740.860.940.6-0.620.990.80.991.00.64
-0.56-0.61-0.65-0.510.15-0.87-0.75-0.550.63-0.21-0.12-0.43-0.070.13-0.37-0.09-0.72-0.32-0.290.05-0.55-0.47-0.5-0.56-0.39
0.94-0.610.880.88-0.220.660.850.94-0.90.80.780.920.71-0.450.90.790.830.880.56-0.620.970.640.950.960.56
0.96-0.650.880.850.10.680.930.96-0.970.60.610.870.63-0.510.760.590.910.870.54-0.490.940.730.920.950.65
0.95-0.510.880.85-0.10.430.830.95-0.90.790.830.970.83-0.660.840.740.760.850.58-0.660.940.880.970.950.52
-0.040.15-0.220.1-0.1-0.3-0.07-0.040.04-0.05-0.02-0.07-0.120.32-0.05-0.06-0.1-0.12-0.240.0-0.1-0.1-0.09-0.1-0.18
0.58-0.870.660.680.43-0.30.790.57-0.670.120.060.430.05-0.250.410.10.820.480.30.030.580.340.520.590.54
0.9-0.750.850.930.83-0.070.790.89-0.930.460.480.820.48-0.550.710.430.920.790.43-0.370.870.740.870.90.59
1.0-0.550.940.960.95-0.040.570.89-0.970.760.790.970.78-0.60.870.750.850.940.61-0.630.990.790.991.00.64
-0.970.63-0.9-0.97-0.90.04-0.67-0.93-0.97-0.64-0.66-0.91-0.680.62-0.8-0.64-0.92-0.91-0.580.42-0.96-0.78-0.95-0.97-0.7
0.75-0.210.80.60.79-0.050.120.460.76-0.640.970.830.85-0.270.840.970.440.710.56-0.770.790.520.80.760.34
0.78-0.120.780.610.83-0.020.060.480.79-0.660.970.880.9-0.390.860.950.450.760.51-0.790.810.60.840.790.34
0.97-0.430.920.870.97-0.070.430.820.97-0.910.830.880.83-0.610.920.830.750.930.59-0.70.970.80.990.970.57
0.77-0.070.710.630.83-0.120.050.480.78-0.680.850.90.83-0.610.670.860.490.780.57-0.730.80.710.810.780.48
-0.60.13-0.45-0.51-0.660.32-0.25-0.55-0.60.62-0.27-0.39-0.61-0.61-0.38-0.33-0.51-0.68-0.460.26-0.57-0.75-0.62-0.6-0.61
0.87-0.370.90.760.84-0.050.410.710.87-0.80.840.860.920.67-0.380.850.650.860.51-0.670.870.530.90.880.39
0.74-0.090.790.590.74-0.060.10.430.75-0.640.970.950.830.86-0.330.850.430.780.58-0.760.780.450.790.760.4
0.86-0.720.830.910.76-0.10.820.920.85-0.920.440.450.750.49-0.510.650.430.770.5-0.210.850.660.820.860.68
0.94-0.320.880.870.85-0.120.480.790.94-0.910.710.760.930.78-0.680.860.780.770.62-0.60.930.680.940.940.68
0.6-0.290.560.540.58-0.240.30.430.61-0.580.560.510.590.57-0.460.510.580.50.62-0.380.590.510.60.60.7
-0.620.05-0.62-0.49-0.660.00.03-0.37-0.630.42-0.77-0.79-0.7-0.730.26-0.67-0.76-0.21-0.6-0.38-0.64-0.47-0.66-0.63-0.1
0.99-0.550.970.940.94-0.10.580.870.99-0.960.790.810.970.8-0.570.870.780.850.930.59-0.640.770.991.00.62
0.8-0.470.640.730.88-0.10.340.740.79-0.780.520.60.80.71-0.750.530.450.660.680.51-0.470.770.80.790.62
0.99-0.50.950.920.97-0.090.520.870.99-0.950.80.840.990.81-0.620.90.790.820.940.6-0.660.990.80.990.61
1.0-0.560.960.950.95-0.10.590.91.0-0.970.760.790.970.78-0.60.880.760.860.940.6-0.631.00.790.990.64
0.64-0.390.560.650.52-0.180.540.590.64-0.70.340.340.570.48-0.610.390.40.680.680.7-0.10.620.620.610.64
Click cells to compare fundamentals

North American Account Relationship Matchups

North American fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets232.7M595.7M812.4M726.8M835.8M877.6M
Other Current Liab(960.2K)(6.8M)(10.8M)(3.9M)(3.5M)(3.3M)
Total Current Liabilities960.2K6.8M10.8M9.9M11.4M11.9M
Total Stockholder Equity64.9M231.5M276.1M200.5M230.6M242.2M
Net Debt142.9M299.5M432.2M475.6M546.9M574.3M
Accounts Payable960.2K6.8M10.8M3.9M4.5M2.9M
Cash22.6M57.6M90.6M44.7M51.4M54.0M
Non Current Assets Total209.7M537.4M720.2M662.3M761.7M799.8M
Non Currrent Assets Other(209.7M)(537.4M)(720.2M)(662.3M)(596.1M)(566.3M)
Cash And Short Term Investments22.6M57.6M90.6M707.0M813.1M853.7M
Net Receivables339.3K697.0K1.6M19.8M22.7M23.9M
Common Stock Shares Outstanding16.6M25.7M49.5M54.3M62.5M65.6M
Liabilities And Stockholders Equity232.7M595.7M812.4M726.8M835.8M877.6M
Non Current Liabilities Total165.5M357.1M10.8M520.3M598.3M628.2M
Total Liab960.2K6.8M536.3M526.2M605.2M635.4M
Total Current Assets22.9M58.3M92.2M726.8M835.8M877.6M
Common Stock64.9M231.5M276.1M200.5M230.6M137.3M
Short Long Term Debt Total165.5M357.1M522.8M520.3M598.3M628.2M
Net Tangible Assets119.1M64.9M231.5M276.1M317.5M333.4M
Short Term Investments209.7M537.4M720.2M662.3M761.7M799.8M
Short Term Debt165.5M357.1M522.8M520.3M598.3M628.2M
Long Term Investments209.7M537.4M720.2M662.3M761.7M429.8M
Current Deferred Revenue(164.6M)(350.3M)(512.0M)(516.4M)(464.7M)(488.0M)

Pair Trading with North American

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 North American 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 North American will appreciate offsetting losses from the drop in the long position's value.

Moving together with North Stock

  0.75BIP-PB Brookfield InfrastructurePairCorr

Moving against North Stock

  0.81VCM Vecima NetworksPairCorr
The ability to find closely correlated positions to North American could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace North American 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 North American - 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 North American Financial to buy it.
The correlation of North American 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 North American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if North American Financial 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 North American 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

Other Information on Investing in North Stock

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