Accord Financial Corp Stock Net Asset
| ACD Stock | CAD 3.86 0.10 2.53% |
Accord Financial Corp fundamentals help investors to digest information that contributes to Accord Financial's financial success or failures. It also enables traders to predict the movement of Accord Stock. The fundamental analysis module provides a way to measure Accord Financial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Accord Financial stock.
Accord | Net Asset |
Accord Financial Corp Company Net Asset Analysis
Accord Financial's Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current Accord Financial Net Asset | 513.48 M |
Most of Accord Financial's fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Accord Financial Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Accord Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for Accord Financial is extremely important. It helps to project a fair market value of Accord Stock properly, considering its historical fundamentals such as Net Asset. Since Accord Financial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Accord Financial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Accord Financial's interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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Accord Total Assets
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Based on the recorded statements, Accord Financial Corp has a Net Asset of 513.48 M. This is much higher than that of the Consumer Finance sector and significantly higher than that of the Financials industry. The net asset for all Canada stocks is notably lower than that of the firm.
Accord Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Accord Financial's direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Accord Financial could also be used in its relative valuation, which is a method of valuing Accord Financial by comparing valuation metrics of similar companies.Accord Financial is currently under evaluation in net asset category among its peers.
Accord Financial Current Valuation Drivers
We derive many important indicators used in calculating different scores of Accord Financial from analyzing Accord Financial's financial statements. These drivers represent accounts that assess Accord Financial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Accord Financial's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 85.2M | 57.4M | 71.9M | 65.9M | 39.5M | 48.4M | |
| Enterprise Value | 375.9M | 326.3M | 456.0M | 422.3M | 447.6M | 470.0M |
Accord Fundamentals
| Return On Equity | -0.1 | ||||
| Return On Asset | -0.0199 | ||||
| Profit Margin | (0.21) % | ||||
| Operating Margin | (0.05) % | ||||
| Current Valuation | 369.39 M | ||||
| Shares Outstanding | 8.56 M | ||||
| Shares Owned By Insiders | 63.22 % | ||||
| Number Of Shares Shorted | 449 | ||||
| Price To Earning | 43.64 X | ||||
| Price To Book | 0.41 X | ||||
| Price To Sales | 0.79 X | ||||
| Revenue | 44.41 M | ||||
| Gross Profit | 64.55 M | ||||
| EBITDA | 20.68 M | ||||
| Net Income | (14.62 M) | ||||
| Cash And Equivalents | 14.73 M | ||||
| Cash Per Share | 1.72 X | ||||
| Total Debt | 414.05 M | ||||
| Debt To Equity | 2.54 % | ||||
| Current Ratio | 1.52 X | ||||
| Book Value Per Share | 9.67 X | ||||
| Cash Flow From Operations | (51.12 M) | ||||
| Short Ratio | 0.32 X | ||||
| Earnings Per Share | (1.04) X | ||||
| Target Price | 8.6 | ||||
| Beta | 1.45 | ||||
| Market Capitalization | 34.24 M | ||||
| Total Asset | 513.48 M | ||||
| Retained Earnings | 65.61 M | ||||
| Five Year Return | 4.14 % | ||||
| Net Asset | 513.48 M | ||||
| Last Dividend Paid | 0.075 |
About Accord Financial Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Accord Financial Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Accord Financial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Accord Financial Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Accord 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 Accord 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 Accord Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Accord Stock
| 0.56 | FFH-PD | Fairfax Financial | PairCorr |
| 0.56 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.53 | FFH | Fairfax Financial | PairCorr |
| 0.52 | FFH-PM | Fairfax Financial | PairCorr |
| 0.51 | FFH-PE | Fairfax Financial | PairCorr |
The ability to find closely correlated positions to Accord 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 Accord 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 Accord 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 Accord Financial Corp to buy it.
The correlation of Accord 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 Accord Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accord Financial Corp 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 Accord 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 Accord Stock
Accord Financial financial ratios help investors to determine whether Accord Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Accord with respect to the benefits of owning Accord Financial security.