Accord Average Payables vs Price To Sales Ratio Analysis
ACD Stock | CAD 3.75 0.19 4.82% |
Accord Financial financial indicator trend analysis is way more than just evaluating Accord Financial Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Accord Financial Corp is a good investment. Please check the relationship between Accord Financial Average Payables and its Price To Sales Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accord Financial Corp. 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.
Average Payables vs Price To Sales Ratio
Average Payables vs Price To Sales Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accord Financial Corp Average Payables account and Price To Sales Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Accord Financial's Average Payables and Price To Sales Ratio is -0.08. Overlapping area represents the amount of variation of Average Payables that can explain the historical movement of Price To Sales Ratio in the same time period over historical financial statements of Accord Financial Corp, assuming nothing else is changed. The correlation between historical values of Accord Financial's Average Payables and Price To Sales Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Average Payables of Accord Financial Corp are associated (or correlated) with its Price To Sales Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Price To Sales Ratio has no effect on the direction of Average Payables i.e., Accord Financial's Average Payables and Price To Sales Ratio go up and down completely randomly.
Correlation Coefficient | -0.08 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Average Payables
The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.Price To Sales Ratio
Price to Sales Ratio is figured by comparing Accord Financial Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Accord Financial sales, a figure that is much harder to manipulate than other Accord Financial Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Most indicators from Accord Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Accord Financial Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Accord Financial Corp. 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, Accord Financial's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 12th of December 2024, Enterprise Value Over EBITDA is likely to grow to 22.72, while Selling General Administrative is likely to drop about 18.4 M.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 46.7M | 42.6M | 43.7M | 30.6M | Total Revenue | 47.6M | 43.4M | 44.4M | 31.7M |
Accord Financial fundamental ratios Correlations
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Accord Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Accord Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 406.2M | 384.9M | 520.1M | 491.8M | 513.5M | 539.2M | |
Short Long Term Debt Total | 297.5M | 274.5M | 397.9M | 485.2M | 414.0M | 434.7M | |
Other Current Liab | (254.3M) | (233.9M) | (374.5M) | (342.4M) | (390.3M) | (370.8M) | |
Total Current Liabilities | 260.2M | 243.2M | 368.7M | 342.4M | 390.1M | 409.6M | |
Total Stockholder Equity | 92.5M | 89.9M | 100.0M | 101.0M | 83.9M | 59.8M | |
Property Plant And Equipment Net | 2.3M | 1.7M | 1.3M | 1.7M | 2.1M | 1.1M | |
Net Debt | 290.7M | 268.9M | 384.1M | 356.4M | 408.1M | 428.5M | |
Retained Earnings | 75.0M | 73.1M | 83.3M | 82.2M | 65.6M | 50.9M | |
Non Current Assets Total | 19.4M | 18.2M | 17.5M | 17.0M | 507.6M | 532.9M | |
Non Currrent Assets Other | (19.4M) | (18.2M) | (17.5M) | (17.0M) | 502.5M | 527.6M | |
Liabilities And Stockholders Equity | 406.2M | 384.9M | 520.1M | 491.8M | 513.5M | 539.2M | |
Non Current Liabilities Total | 46.9M | 43.5M | 41.9M | 342.4M | 407.8M | 428.2M | |
Other Current Assets | (376.4M) | (361.4M) | (497.2M) | 6.7M | (477.0M) | (453.2M) | |
Other Stockholder Equity | 1.3M | 1.2M | 1.1M | 1.7M | 1.8M | 1.9M | |
Total Liab | 309.8M | 291.2M | 416.1M | 385.1M | 424.8M | 446.1M | |
Property Plant And Equipment Gross | 2.3M | 1.7M | 4.7M | 4.6M | 4.3M | 4.5M | |
Total Current Assets | 109.1M | 117.1M | 93.7M | 77.4M | 5.9M | 5.6M | |
Accumulated Other Comprehensive Income | 6.7M | 6.1M | 6.1M | 7.7M | 7.1M | 7.4M | |
Short Term Debt | 254.0M | 232.3M | 372.2M | 331.2M | 390.1M | 409.6M | |
Intangible Assets | 3.6M | 3.3M | 3.1M | 3.2M | 3.0M | 2.7M | |
Other Assets | 277.7M | 249.6M | 408.9M | 397.3M | 456.9M | 479.8M | |
Accounts Payable | 6.2M | 10.8M | 11.9M | 11.2M | 8.1M | 6.4M | |
Cash | 6.8M | 5.5M | 13.8M | 11.6M | 5.9M | 7.0M | |
Cash And Short Term Investments | 6.8M | 5.5M | 13.8M | 11.6M | 5.9M | 5.6M | |
Net Receivables | 102.3M | 111.6M | 79.9M | 65.8M | 467.3M | 490.7M | |
Good Will | 13.5M | 13.2M | 13.1M | 12.1M | 18.6M | 19.6M | |
Other Liab | 2.1M | 3.5M | 1.9M | 800.7K | 920.8K | 1.7M | |
Net Tangible Assets | 75.4M | 73.4M | 83.7M | 85.7M | 98.5M | 76.7M | |
Short Long Term Debt | 11.2M | 21.4M | 356.8M | 331.2M | 371.8M | 390.4M | |
Property Plant Equipment | 2.3M | 1.7M | 1.3M | 1.7M | 2.0M | 1.1M | |
Long Term Debt | 41.9M | 251.9M | 40.1M | 35.4M | 40.4M | 59.2M | |
Long Term Debt Total | 43.5M | 42.2M | 41.1M | 154.0M | 177.1M | 186.0M | |
Capital Surpluse | 1.3M | 1.2M | 1.1M | 1.7M | 2.0M | 2.1M | |
Net Invested Capital | 388.4M | 363.1M | 496.9M | 467.5M | 496.1M | 439.2M |
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
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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
Balance Sheet is a snapshot of the financial position of Accord Financial Corp at a specified time, usually calculated after every quarter, six months, or one year. Accord Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Accord 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 Accord currently owns. An asset can also be divided into two categories, current and non-current.