North Total Stockholder Equity vs Cash And Short Term Investments 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 Total Stockholder Equity and its Cash And Short Term Investments 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.
Total Stockholder Equity vs Cash And Short Term Investments
Total Stockholder Equity vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of North American Financial Total Stockholder Equity account and Cash And Short Term Investments. At this time, the significance of the direction appears to have strong relationship.
The correlation between North American's Total Stockholder Equity and Cash And Short Term Investments is 0.6. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Cash And Short Term Investments 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 Total Stockholder Equity and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of North American Financial are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Total Stockholder Equity i.e., North American's Total Stockholder Equity and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.6 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of North American Financial balance sheet. This account contains North American investments that will expire within one year. These investments include stocks and bonds that can be liquidated by North American Financial fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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
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North American Account Relationship Matchups
High Positive Relationship
High Negative Relationship
North American fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 232.7M | 595.7M | 812.4M | 726.8M | 835.8M | 877.6M | |
Other Current Liab | (960.2K) | (6.8M) | (10.8M) | (3.9M) | (3.5M) | (3.3M) | |
Total Current Liabilities | 960.2K | 6.8M | 10.8M | 9.9M | 11.4M | 11.9M | |
Total Stockholder Equity | 64.9M | 231.5M | 276.1M | 200.5M | 230.6M | 242.2M | |
Net Debt | 142.9M | 299.5M | 432.2M | 475.6M | 546.9M | 574.3M | |
Accounts Payable | 960.2K | 6.8M | 10.8M | 3.9M | 4.5M | 2.9M | |
Cash | 22.6M | 57.6M | 90.6M | 44.7M | 51.4M | 54.0M | |
Non Current Assets Total | 209.7M | 537.4M | 720.2M | 662.3M | 761.7M | 799.8M | |
Non Currrent Assets Other | (209.7M) | (537.4M) | (720.2M) | (662.3M) | (596.1M) | (566.3M) | |
Cash And Short Term Investments | 22.6M | 57.6M | 90.6M | 707.0M | 813.1M | 853.7M | |
Net Receivables | 339.3K | 697.0K | 1.6M | 19.8M | 22.7M | 23.9M | |
Common Stock Shares Outstanding | 16.6M | 25.7M | 49.5M | 54.3M | 62.5M | 65.6M | |
Liabilities And Stockholders Equity | 232.7M | 595.7M | 812.4M | 726.8M | 835.8M | 877.6M | |
Non Current Liabilities Total | 165.5M | 357.1M | 10.8M | 520.3M | 598.3M | 628.2M | |
Total Liab | 960.2K | 6.8M | 536.3M | 526.2M | 605.2M | 635.4M | |
Total Current Assets | 22.9M | 58.3M | 92.2M | 726.8M | 835.8M | 877.6M | |
Common Stock | 64.9M | 231.5M | 276.1M | 200.5M | 230.6M | 137.3M | |
Short Long Term Debt Total | 165.5M | 357.1M | 522.8M | 520.3M | 598.3M | 628.2M | |
Net Tangible Assets | 119.1M | 64.9M | 231.5M | 276.1M | 317.5M | 333.4M | |
Short Term Investments | 209.7M | 537.4M | 720.2M | 662.3M | 761.7M | 799.8M | |
Short Term Debt | 165.5M | 357.1M | 522.8M | 520.3M | 598.3M | 628.2M | |
Long Term Investments | 209.7M | 537.4M | 720.2M | 662.3M | 761.7M | 429.8M | |
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
Moving against North Stock
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.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.