Acadian Free Cash Flow Yield vs Book Value Per Share Analysis
ADN Stock | CAD 17.88 0.18 1.02% |
Acadian Timber financial indicator trend analysis is way more than just evaluating Acadian Timber Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Acadian Timber Corp is a good investment. Please check the relationship between Acadian Timber Free Cash Flow Yield and its Book Value Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acadian Timber 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.
Free Cash Flow Yield vs Book Value Per Share
Free Cash Flow Yield vs Book Value Per Share Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acadian Timber Corp Free Cash Flow Yield account and Book Value Per Share. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Acadian Timber's Free Cash Flow Yield and Book Value Per Share is 0.45. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Book Value Per Share in the same time period over historical financial statements of Acadian Timber Corp, assuming nothing else is changed. The correlation between historical values of Acadian Timber's Free Cash Flow Yield and Book Value Per Share 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 Yield of Acadian Timber Corp are associated (or correlated) with its Book Value Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value Per Share has no effect on the direction of Free Cash Flow Yield i.e., Acadian Timber's Free Cash Flow Yield and Book Value Per Share go up and down completely randomly.
Correlation Coefficient | 0.45 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Book Value Per Share
The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.Most indicators from Acadian Timber's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Acadian Timber 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 Acadian Timber 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. As of the 22nd of December 2024, Selling General Administrative is likely to drop to about 7.9 M. In addition to that, Tax Provision is likely to drop to about 9.1 M
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 30.8M | 27.6M | 29.6M | 30.0M | Total Revenue | 95.7M | 90.5M | 93.5M | 88.2M |
Acadian Timber fundamental ratios Correlations
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Acadian Timber Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Acadian Timber fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 498.7M | 513.4M | 516.6M | 547.8M | 568.0M | 421.5M | |
Short Long Term Debt Total | 100.9M | 202.1M | 100.9M | 107.9M | 105.5M | 103.6M | |
Other Current Liab | 4.6M | 4.7M | 4.8M | 4.9M | 5.0M | 4.0M | |
Total Current Liabilities | 114.9M | 13.5M | 13.6M | 16.1M | 14.4M | 22.2M | |
Total Stockholder Equity | 286.7M | 293.2M | 291.5M | 303.7M | 319.0M | 238.9M | |
Property Plant And Equipment Net | 91.6M | 99.9M | 99.2M | 88.0M | 533.7M | 560.4M | |
Net Debt | 93.3M | 90.9M | 93.6M | 101.7M | 103.7M | 86.4M | |
Retained Earnings | 83.9M | 86.6M | 86.0M | 102.0M | 111.6M | 117.2M | |
Accounts Payable | 9.2M | 8.6M | 8.8M | 11.2M | 9.4M | 7.8M | |
Cash | 7.6M | 10.3M | 7.3M | 6.2M | 1.8M | 1.7M | |
Non Current Assets Total | 475.7M | 494.0M | 499.4M | 531.5M | 539.8M | 398.6M | |
Cash And Short Term Investments | 7.6M | 10.3M | 7.3M | 6.2M | 1.8M | 1.7M | |
Net Receivables | 2.2M | 8.1M | 104K | 8.3M | 11.0M | 11.5M | |
Common Stock Shares Outstanding | 16.7M | 16.7M | 16.7M | 16.8M | 17.1M | 18.1M | |
Liabilities And Stockholders Equity | 498.7M | 513.4M | 516.6M | 547.8M | 568.0M | 421.5M | |
Non Current Liabilities Total | 97.1M | 206.7M | 211.5M | 228.0M | 234.6M | 160.4M | |
Inventory | 1.5M | 957K | 1.5M | 1.9M | 15.3M | 16.1M | |
Other Stockholder Equity | 63.4M | 67.2M | 66.1M | 27.6M | 24.9M | 23.6M | |
Total Liab | 212.0M | 220.2M | 225.2M | 244.1M | 249.0M | 182.6M | |
Property Plant And Equipment Gross | 91.6M | 99.9M | 103.3M | 92.5M | 95.6M | 99.5M | |
Total Current Assets | 23.0M | 19.4M | 17.3M | 16.3M | 28.1M | 22.9M | |
Accumulated Other Comprehensive Income | 63.4M | 67.2M | 66.1M | 59.0M | 59.7M | 35.2M | |
Other Current Assets | 11.6M | 7.7M | 8.4M | 8.3M | 9.3M | 6.1M | |
Non Currrent Assets Other | 378.0M | 388.0M | 394.1M | 437.4M | 1.0 | 0.95 | |
Other Liab | 97.1M | 105.5M | 110.6M | 120.1M | 138.1M | 93.7M | |
Net Tangible Assets | 280.6M | 287.1M | 285.3M | 297.6M | 342.2M | 290.8M | |
Long Term Debt | 0.0 | 101.2M | 100.9M | 107.9M | 105.5M | 96.0M | |
Property Plant Equipment | 469.6M | 487.9M | 493.2M | 525.4M | 604.2M | 477.1M | |
Long Term Debt Total | 0.0 | 101.2M | 100.9M | 107.9M | 124.1M | 95.5M | |
Cash And Equivalents | 22.3M | 7.6M | 10.3M | 7.3M | 6.6M | 12.1M | |
Net Invested Capital | 387.6M | 394.4M | 392.4M | 411.7M | 424.5M | 434.1M | |
Net Working Capital | (91.9M) | 5.9M | 3.6M | 222K | 13.8M | 14.5M |
Pair Trading with Acadian Timber
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 Acadian Timber 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 Acadian Timber will appreciate offsetting losses from the drop in the long position's value.Moving together with Acadian Stock
Moving against Acadian Stock
The ability to find closely correlated positions to Acadian Timber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acadian Timber 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 Acadian Timber - 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 Acadian Timber Corp to buy it.
The correlation of Acadian Timber 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 Acadian Timber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acadian Timber 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 Acadian Timber 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 Acadian Stock
Balance Sheet is a snapshot of the financial position of Acadian Timber Corp at a specified time, usually calculated after every quarter, six months, or one year. Acadian Timber Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Acadian Timber 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 Acadian currently owns. An asset can also be divided into two categories, current and non-current.