Helios Free Cash Flow vs Other Non Cash Items Analysis

HFPC-U Stock

USD 2.80 0.10 3.45%

Helios Fairfax financial indicator trend analysis is much more than just examining Helios Fairfax Partners latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Helios Fairfax Partners is a good investment. Please check the relationship between Helios Fairfax Free Cash Flow and its Other Non Cash Items accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helios Fairfax Partners. 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.

Free Cash Flow vs Other Non Cash Items

Free Cash Flow vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Helios Fairfax Partners Free Cash Flow account and Other Non Cash Items. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Helios Fairfax's Free Cash Flow and Other Non Cash Items is 0.95. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of Helios Fairfax Partners, assuming nothing else is changed. The correlation between historical values of Helios Fairfax's Free Cash Flow and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Helios Fairfax Partners are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Free Cash Flow i.e., Helios Fairfax's Free Cash Flow and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.95

Relationship Direction	Positive
Relationship Strength	Very Strong

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Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Other Non Cash Items

Most indicators from Helios Fairfax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Helios Fairfax Partners 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Helios Fairfax Partners. 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.

The current year's Selling General Administrative is expected to grow to about 8.1 M, whereas Tax Provision is forecasted to decline to about 215.7 K.

	2021	2022	2023	2024 (projected)
Interest Income	139K	9.0M	11.7M	10.4M
Net Interest Income	139K	5.4M	8.1M	8.9M

Interest Income Net Interest Income

Helios Fairfax fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Other Assets	Total Assets	Total Stockholder Equity	Net Debt	Accounts Payable	Cash	Non Currrent Assets Other	Long Term Debt	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Other Current Assets	Total Liab	Net Invested Capital	Long Term Investments	Total Current Assets	Net Working Capital	Common Stock	Other Stockholder Equity	Deferred Long Term Liab
Other Current Liab		-0.05	0.5	0.59	-0.46	-0.35	0.31	0.7	-0.64	-0.3	0.94	0.66	-0.64	0.18	0.49	0.65	-0.64	-0.63	-0.29	-0.69	0.53	0.38	-0.66	0.56	0.49	-0.26
Total Current Liabilities	-0.05		-0.26	0.29	0.24	-0.08	0.0	-0.08	0.14	0.0	0.0	-0.14	0.14	0.04	-0.18	-0.16	0.14	0.12	0.06	-0.17	-0.19	-0.16	0.15	-0.18	-0.2	0.14
Other Liab	0.5	-0.26		0.5	-0.82	-0.51	0.54	0.63	-0.58	-0.32	0.47	0.55	-0.58	-0.31	0.75	0.69	-0.58	-0.48	-0.02	0.13	0.75	0.76	-0.62	0.76	0.96	-0.73
Net Tangible Assets	0.59	0.29	0.5		-0.75	0.13	-0.07	0.76	-0.89	0.13	0.74	0.89	-0.89	0.27	0.78	0.86	-0.89	-0.89	-0.68	-0.24	0.83	0.51	-0.9	0.82	0.65	-0.34
Retained Earnings	-0.46	0.24	-0.82	-0.75		0.1	-0.19	-0.77	0.84	-0.17	-0.55	-0.82	0.84	0.1	-0.99	-0.84	0.84	0.79	0.44	-0.13	-0.96	-0.85	0.85	-0.97	-0.93	0.5
Other Assets	-0.35	-0.08	-0.51	0.13	0.1		-0.91	-0.14	-0.22	0.46	-0.12	0.22	-0.22	0.59	-0.1	0.08	-0.21	-0.3	-0.71	0.04	0.0	-0.45	-0.19	-0.07	-0.37	0.29
Total Assets	0.31	0.0	0.54	-0.07	-0.19	-0.91		0.32	0.15	-0.29	0.11	-0.11	0.14	-0.63	0.22	0.08	0.14	0.23	0.64	0.09	0.15	0.59	0.09	0.22	0.45	-0.41
Total Stockholder Equity	0.7	-0.08	0.63	0.76	-0.77	-0.14	0.32		-0.81	0.2	0.78	0.79	-0.82	0.04	0.8	0.86	-0.82	-0.79	-0.52	-0.33	0.82	0.65	-0.84	0.85	0.75	-0.62
Net Debt	-0.64	0.14	-0.58	-0.89	0.84	-0.22	0.15	-0.81		-0.13	-0.78	-0.97	1.0	-0.35	-0.83	-0.93	1.0	0.99	0.79	0.27	-0.9	-0.5	1.0	-0.87	-0.71	0.41
Accounts Payable	-0.3	0.0	-0.32	0.13	-0.17	0.46	-0.29	0.2	-0.13		-0.08	0.13	-0.13	-0.11	0.26	0.05	-0.12	-0.18	-0.42	0.12	0.12	0.17	-0.11	0.2	-0.08	0.18
Cash	0.94	0.0	0.47	0.74	-0.55	-0.12	0.11	0.78	-0.78	-0.08		0.79	-0.78	0.19	0.57	0.78	-0.78	-0.79	-0.53	-0.7	0.61	0.36	-0.79	0.65	0.52	-0.33
Non Currrent Assets Other	0.66	-0.14	0.55	0.89	-0.82	0.22	-0.11	0.79	-0.97	0.13	0.79		-0.97	0.31	0.83	0.96	-0.97	-0.97	-0.74	-0.22	0.91	0.55	-0.98	0.89	0.68	-0.3
Long Term Debt	-0.64	0.14	-0.58	-0.89	0.84	-0.22	0.14	-0.82	1.0	-0.13	-0.78	-0.97		-0.35	-0.83	-0.93	1.0	0.99	0.79	0.27	-0.91	-0.5	1.0	-0.88	-0.71	0.41
Net Receivables	0.18	0.04	-0.31	0.27	0.1	0.59	-0.63	0.04	-0.35	-0.11	0.19	0.31	-0.35		-0.09	0.14	-0.35	-0.41	-0.61	-0.38	0.1	-0.43	-0.3	-0.06	-0.27	0.24
Common Stock Shares Outstanding	0.49	-0.18	0.75	0.78	-0.99	-0.1	0.22	0.8	-0.83	0.26	0.57	0.83	-0.83	-0.09		0.83	-0.83	-0.79	-0.45	0.09	0.96	0.88	-0.85	0.98	0.89	-0.42
Short Term Investments	0.65	-0.16	0.69	0.86	-0.84	0.08	0.08	0.86	-0.93	0.05	0.78	0.96	-0.93	0.14	0.83		-0.93	-0.91	-0.62	-0.15	0.93	0.61	-0.96	0.92	0.78	-0.52
Non Current Liabilities Total	-0.64	0.14	-0.58	-0.89	0.84	-0.21	0.14	-0.82	1.0	-0.12	-0.78	-0.97	1.0	-0.35	-0.83	-0.93		0.99	0.79	0.27	-0.91	-0.5	1.0	-0.88	-0.72	0.42
Other Current Assets	-0.63	0.12	-0.48	-0.89	0.79	-0.3	0.23	-0.79	0.99	-0.18	-0.79	-0.97	0.99	-0.41	-0.79	-0.91	0.99		0.85	0.31	-0.87	-0.44	0.99	-0.84	-0.63	0.33
Total Liab	-0.29	0.06	-0.02	-0.68	0.44	-0.71	0.64	-0.52	0.79	-0.42	-0.53	-0.74	0.79	-0.61	-0.45	-0.62	0.79	0.85		0.35	-0.53	0.01	0.76	-0.49	-0.21	0.14
Net Invested Capital	-0.69	-0.17	0.13	-0.24	-0.13	0.04	0.09	-0.33	0.27	0.12	-0.7	-0.22	0.27	-0.38	0.09	-0.15	0.27	0.31	0.35		0.06	0.29	0.24	0.03	0.13	0.01
Long Term Investments	0.53	-0.19	0.75	0.83	-0.96	0.0	0.15	0.82	-0.9	0.12	0.61	0.91	-0.91	0.1	0.96	0.93	-0.91	-0.87	-0.53	0.06		0.79	-0.92	0.98	0.87	-0.47
Total Current Assets	0.38	-0.16	0.76	0.51	-0.85	-0.45	0.59	0.65	-0.5	0.17	0.36	0.55	-0.5	-0.43	0.88	0.61	-0.5	-0.44	0.01	0.29	0.79		-0.54	0.85	0.85	-0.35
Net Working Capital	-0.66	0.15	-0.62	-0.9	0.85	-0.19	0.09	-0.84	1.0	-0.11	-0.79	-0.98	1.0	-0.3	-0.85	-0.96	1.0	0.99	0.76	0.24	-0.92	-0.54		-0.9	-0.74	0.44
Common Stock	0.56	-0.18	0.76	0.82	-0.97	-0.07	0.22	0.85	-0.87	0.2	0.65	0.89	-0.88	-0.06	0.98	0.92	-0.88	-0.84	-0.49	0.03	0.98	0.85	-0.9		0.89	-0.46
Other Stockholder Equity	0.49	-0.2	0.96	0.65	-0.93	-0.37	0.45	0.75	-0.71	-0.08	0.52	0.68	-0.71	-0.27	0.89	0.78	-0.72	-0.63	-0.21	0.13	0.87	0.85	-0.74	0.89		-0.71
Deferred Long Term Liab	-0.26	0.14	-0.73	-0.34	0.5	0.29	-0.41	-0.62	0.41	0.18	-0.33	-0.3	0.41	0.24	-0.42	-0.52	0.42	0.33	0.14	0.01	-0.47	-0.35	0.44	-0.46	-0.71

Click cells to compare fundamentals

Helios Fairfax Account Relationship Matchups

Helios Fairfax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Other Current Liab	82K	9.0M	399K	4.7M	5.4M	3.3M
Total Current Liabilities	1.8M	11.0M	7.9M	1.0M	918.9K	873.0K
Other Liab	31K	48K	6.0M	8.1M	9.3M	9.7M
Net Tangible Assets	603.1M	518.8M	599.7M	591.9M	680.7M	518.9M
Retained Earnings	(90.8M)	(295.1M)	(315.8M)	(367.0M)	(330.3M)	(313.8M)
Other Assets	4.1M	2.8M	151K	187K	168.3K	159.9K
Total Assets	520.7M	610.8M	704.4M	652.6M	750.5M	696.9M
Total Stockholder Equity	518.8M	599.7M	591.9M	544.3M	626.0M	618.7M
Accounts Payable	297K	7.0M	136K	218K	250.7K	238.2K
Cash	44.3M	66.1M	76.3M	125.2M	144.0M	101.9M
Net Receivables	48.2M	28.4M	40.5M	23.1M	20.8M	27.9M
Common Stock Shares Outstanding	59.5M	109.1M	108.3M	108.2M	108.2M	95.3M
Other Current Assets	2.0M	9.0M	7.5M	48.0M	43.2M	60.8M
Total Liab	1.9M	11.0M	112.5M	108.3M	124.6M	78.2M
Long Term Investments	458.6M	525.5M	587.5M	523.1M	601.6M	521.2M
Total Current Assets	205.6M	608.0M	704.2M	652.4M	750.3M	526.2M
Common Stock	610.1M	880.6M	872.3M	872.9M	1.0B	801.1M
Other Stockholder Equity	(427K)	5.4M	11.1M	13.9M	16.0M	16.8M

Pair Trading with Helios Fairfax

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 Helios Fairfax 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 Helios Fairfax will appreciate offsetting losses from the drop in the long position's value.

Moving against Helios Stock

0.8	EOG	Eco Atlantic Oil	Pair Corr
0.74	AEMC	Alaska Energy Metals	Pair Corr
0.72	CMC	Cielo Waste Solutions	Pair Corr
0.36	NZP	Chatham Rock Phosphate	Pair Corr

The ability to find closely correlated positions to Helios Fairfax could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Helios Fairfax 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 Helios Fairfax - 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 Helios Fairfax Partners to buy it.

The correlation of Helios Fairfax 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 Helios Fairfax moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Helios Fairfax Partners 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 Helios Fairfax 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 Correlation Correlation Matching

Other Information on Investing in Helios Stock

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

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