Income Net Debt vs Short Term Investments Analysis
| INC-UN Stock | CAD 8.71 0.15 1.69% |
Income Financial financial indicator trend analysis is infinitely more than just investigating Income Financial Trust recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Income Financial Trust is a good investment. Please check the relationship between Income Financial Net Debt and its Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Income Financial Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.
Net Debt vs Short Term Investments
Net Debt vs Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Income Financial Trust Net Debt account and Short Term Investments. At this time, the significance of the direction appears to have very week relationship.
The correlation between Income Financial's Net Debt and Short Term Investments is 0.24. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Short Term Investments in the same time period over historical financial statements of Income Financial Trust, assuming nothing else is changed. The correlation between historical values of Income Financial's Net Debt 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 Net Debt of Income Financial Trust are associated (or correlated) with its Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Investments has no effect on the direction of Net Debt i.e., Income Financial's Net Debt and Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.24 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Short Term Investments
Short Term Investments is an item under the current assets section of Income Financial balance sheet. It contains any investments Income Financial Trust undertook that will expire in less than one year. These accounts contain financial instruments such as stocks or bonds that Income Financial Trust can easily liquidate in the marketplace.Most indicators from Income Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Income Financial Trust 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 Income Financial Trust. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. At present, Income Financial's Enterprise Value Over EBITDA is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 20.87, whereas Selling General Administrative is forecasted to decline to about 244.5 K.
Income Financial fundamental ratios Correlations
Click cells to compare fundamentals
Income Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Income Financial fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 19.3M | 15.9M | 20.7M | 24.7M | 23.7M | 22.4M | |
| Other Current Liab | 71.6K | (141.3K) | (321.3K) | (313.0K) | 368.7K | 387.1K | |
| Total Current Liabilities | 254.6K | 141.3K | 321.3K | 313.0K | 564.9K | 593.1K | |
| Total Stockholder Equity | 19.1M | 15.6M | 20.3M | 24.4M | 23.3M | 22.2M | |
| Net Debt | (516.1K) | (872.9K) | (1.9M) | (3.3M) | (1.4M) | (1.5M) | |
| Accounts Payable | 183.0K | 141.3K | 321.3K | 313.0K | 196.2K | 224.3K | |
| Cash | 516.1K | 872.9K | 1.9M | 3.3M | 1.4M | 1.5M | |
| Non Current Assets Total | 18.6M | 15.0M | 18.7M | 21.4M | 22.2M | 20.8M | |
| Cash And Short Term Investments | 19.1M | 872.9K | 1.9M | 3.3M | 1.4M | 1.4M | |
| Net Receivables | 194.3K | 41.7K | 51.2K | 57.1K | 58.1K | 73.4K | |
| Liabilities And Stockholders Equity | 19.3M | 15.9M | 20.7M | 24.7M | 23.7M | 22.4M | |
| Total Liab | 254.6K | 141.3K | 321.3K | 313.0K | 368.7K | 257.6K | |
| Total Current Assets | 19.3M | 914.6K | 2.0M | 3.4M | 1.5M | 1.4M | |
| Short Term Investments | 18.6M | 15.0M | 18.7M | 21.4M | 22.2M | 18.4M | |
| Non Currrent Assets Other | (18.6M) | (15.0M) | (18.7M) | (21.4M) | (22.2M) | (23.3M) | |
| Other Current Assets | (19.3M) | (15.9M) | (20.7M) | (24.7M) | (23.7M) | (24.9M) | |
| Common Stock | 19.1M | 15.6M | 20.3M | 24.4M | 23.3M | 18.2M | |
| Net Tangible Assets | 17.7M | 19.1M | 15.6M | 20.3M | 18.3M | 17.5M | |
| Long Term Investments | 18.6M | 15.0M | 18.7M | 21.4M | 22.2M | 16.9M | |
| Non Current Liabilities Total | 254.6K | 222.5K | 385.9K | 370.1K | 368.7K | 366.9K |
Pair Trading with Income Financial
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 Income Financial 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 Income Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Income Stock
Moving against Income Stock
The ability to find closely correlated positions to Income Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Income Financial 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 Income Financial - 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 Income Financial Trust to buy it.
The correlation of Income Financial 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 Income Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Income Financial Trust 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 Income Financial 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 Income Stock
Balance Sheet is a snapshot of the financial position of Income Financial Trust at a specified time, usually calculated after every quarter, six months, or one year. Income Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Income Financial 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 Income currently owns. An asset can also be divided into two categories, current and non-current.