Autocanada Pb Ratio vs Capex To Depreciation Analysis

ACQ Stock  CAD 19.17  0.10  0.52%   
Autocanada financial indicator trend analysis is way more than just evaluating Autocanada prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Autocanada is a good investment. Please check the relationship between Autocanada Pb Ratio and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Autocanada. 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.

Pb Ratio vs Capex To Depreciation

Pb Ratio vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Autocanada Pb Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Autocanada's Pb Ratio and Capex To Depreciation is 0.81. Overlapping area represents the amount of variation of Pb Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Autocanada, assuming nothing else is changed. The correlation between historical values of Autocanada's Pb Ratio and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pb Ratio of Autocanada are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Pb Ratio i.e., Autocanada's Pb Ratio and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.81
Relationship DirectionPositive 
Relationship StrengthStrong

Pb Ratio

Capex To Depreciation

The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.
Most indicators from Autocanada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Autocanada 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 Autocanada. 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, Autocanada's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Issuance Of Capital Stock is likely to grow to about 26.6 M, while Tax Provision is likely to drop about 21.3 M.
 2021 2022 2023 2024 (projected)
Interest Expense56.9M92.8M147.2M154.5M
Depreciation And Amortization43.7M52.0M59.0M62.0M

Autocanada fundamental ratios Correlations

0.990.510.990.750.980.990.590.640.990.180.640.960.70.810.750.980.990.16-0.731.00.970.990.980.990.71
0.990.480.990.680.981.00.570.620.990.10.620.970.680.770.710.990.980.09-0.751.00.980.980.990.970.67
0.510.480.480.530.540.470.510.510.540.230.510.410.60.330.520.520.430.37-0.550.510.550.470.40.50.23
0.990.990.480.730.960.990.550.610.980.130.610.960.680.810.740.970.990.19-0.70.990.951.00.990.970.72
0.750.680.530.730.680.670.30.680.730.590.680.60.440.920.810.650.750.41-0.340.690.650.760.710.80.85
0.980.980.540.960.680.980.570.690.990.140.690.930.660.740.730.990.940.05-0.740.981.00.940.950.950.65
0.991.00.470.990.670.980.570.60.980.070.60.980.690.760.710.990.980.09-0.751.00.970.980.990.970.66
0.590.570.510.550.30.570.570.250.61-0.140.250.660.80.130.090.640.520.05-0.880.60.630.550.490.58-0.03
0.640.620.510.610.680.690.60.250.670.631.00.470.180.70.660.630.570.1-0.390.620.670.60.590.650.62
0.990.990.540.980.730.990.980.610.670.180.670.950.720.770.740.990.960.08-0.760.990.990.960.960.990.68
0.180.10.230.130.590.140.07-0.140.630.180.63-0.03-0.180.530.540.070.150.270.090.10.10.170.130.250.59
0.640.620.510.610.680.690.60.251.00.670.630.470.180.70.660.630.570.1-0.390.620.670.60.590.650.62
0.960.970.410.960.60.930.980.660.470.95-0.030.470.770.670.590.970.950.02-0.830.970.940.950.960.940.55
0.70.680.60.680.440.660.690.80.180.72-0.180.180.770.310.320.730.67-0.01-0.770.710.690.670.630.710.18
0.810.770.330.810.920.740.760.130.70.770.530.70.670.310.860.710.840.33-0.290.770.70.830.830.830.96
0.750.710.520.740.810.730.710.090.660.740.540.660.590.320.860.680.740.27-0.290.720.690.740.730.770.88
0.980.990.520.970.650.990.990.640.630.990.070.630.970.730.710.680.950.01-0.810.990.990.950.950.960.59
0.990.980.430.990.750.940.980.520.570.960.150.570.950.670.840.740.950.19-0.670.980.931.00.990.970.75
0.160.090.370.190.410.050.090.050.10.080.270.10.02-0.010.330.270.010.190.110.110.030.250.160.120.35
-0.73-0.75-0.55-0.7-0.34-0.74-0.75-0.88-0.39-0.760.09-0.39-0.83-0.77-0.29-0.29-0.81-0.670.11-0.76-0.79-0.68-0.67-0.71-0.11
1.01.00.510.990.690.981.00.60.620.990.10.620.970.710.770.720.990.980.11-0.760.980.980.980.970.66
0.970.980.550.950.651.00.970.630.670.990.10.670.940.690.70.690.990.930.03-0.790.980.930.940.950.6
0.990.980.471.00.760.940.980.550.60.960.170.60.950.670.830.740.951.00.25-0.680.980.930.990.970.74
0.980.990.40.990.710.950.990.490.590.960.130.590.960.630.830.730.950.990.16-0.670.980.940.990.960.74
0.990.970.50.970.80.950.970.580.650.990.250.650.940.710.830.770.960.970.12-0.710.970.950.970.960.75
0.710.670.230.720.850.650.66-0.030.620.680.590.620.550.180.960.880.590.750.35-0.110.660.60.740.740.75
Click cells to compare fundamentals

Autocanada Account Relationship Matchups

Autocanada fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.0B1.9B2.3B2.9B3.2B3.3B
Short Long Term Debt Total1.4B1.3B1.4B2.0B2.2B2.3B
Other Current Liab46.7M91.0M125.3M186.7M124.3M76.3M
Total Current Liabilities1.0B942.9M953.4M1.3B1.5B1.6B
Total Stockholder Equity353.6M341.9M493.4M457.9M534.8M330.5M
Property Plant And Equipment Net500.9M512.4M619.1M742.0M783.4M822.5M
Net Debt1.4B1.2B1.3B1.9B2.1B2.2B
Retained Earnings(157.3M)(160.6M)3.1M89.4M139.9M146.9M
Cash55.6M107.7M102.5M108.3M103.1M65.8M
Non Current Assets Total953.4M964.9M1.3B1.5B1.6B1.7B
Non Currrent Assets Other5.0M14.3M17.2M22.3M2.2M2.1M
Cash And Short Term Investments55.6M107.7M102.5M108.3M103.1M65.8M
Net Receivables136.8M118.7M133.0M217.9M244.4M256.6M
Good Will24.1M25.7M51.0M78.1M98.3M103.2M
Common Stock Total Equity508.8M509.5M509.9M508.1M584.3M441.9M
Common Stock Shares Outstanding27.4M27.4M27.3M29.3M24.5M26.2M
Liabilities And Stockholders Equity2.0B1.9B2.3B2.9B3.2B3.3B
Non Current Liabilities Total608.8M594.7M785.8M1.1B1.1B1.2B
Inventory821.5M699.2M737.3M979.5M1.2B1.2B
Other Current Assets22.7M29K9.5M44K37.9M22.4M
Other Stockholder Equity6.5M10.0M(9.3M)(65.4M)(47.7M)(45.3M)
Total Liab1.6B1.5B1.7B2.4B2.6B2.7B
Property Plant And Equipment Gross500.9M512.4M706.3M846.7M897.3M942.2M
Total Current Assets1.0B935.5M982.3M1.3B1.5B1.6B
Short Term Debt853.5M786.1M734.2M1.0B1.2B1.3B
Intangible Assets410.3M399.6M548.2M659.3M682.1M716.2M
Common Stock509.9M508.1M510.8M433.7M434.6M456.6M
Accounts Payable84.8M65.8M94.0M89.8M75.1M51.1M
Accumulated Other Comprehensive Income(5.5M)(15.7M)(11.3M)213K8.0M8.4M
Current Deferred Revenue28.7M50.2M76.7M98.8M113.7M119.4M
Other Liab30.1M11.5M64.4M60.9M70.0M50.4M
Net Tangible Assets(80.8M)(83.5M)(105.8M)(279.4M)(251.5M)(238.9M)
Other Assets18.1M27.1M58.1M62.3M71.7M75.3M
Long Term Debt213.3M197.2M286.6M554.4M562.2M338.7M
Short Long Term Debt832.3M762.0M708.6M993.0M1.2B681.8M
Property Plant Equipment500.9M512.4M619.1M742.0M853.3M431.3M
Long Term Debt Total572.6M561.5M713.8M1.0B1.2B1.2B
Capital Surpluse6.5M10.0M(6.8M)(64.7M)(58.3M)(55.4M)

Pair Trading with Autocanada

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

Moving against Autocanada Stock

  0.64SCD Scandium CanadaPairCorr
The ability to find closely correlated positions to Autocanada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Autocanada 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 Autocanada - 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 Autocanada to buy it.
The correlation of Autocanada 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 Autocanada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Autocanada 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 Autocanada 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 CorrelationCorrelation Matching

Other Information on Investing in Autocanada Stock

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