Acadian Total Stockholder Equity vs Other Current Assets 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 Total Stockholder Equity and its Other Current Assets 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.
Total Stockholder Equity vs Other Current Assets
Total Stockholder Equity vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acadian Timber Corp Total Stockholder Equity account and Other Current Assets. At this time, the significance of the direction appears to have strong relationship.
The correlation between Acadian Timber's Total Stockholder Equity and Other Current Assets is 0.72. Overlapping area represents the amount of variation of Total Stockholder Equity that can explain the historical movement of Other Current Assets 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 Total Stockholder Equity and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Stockholder Equity of Acadian Timber Corp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Total Stockholder Equity i.e., Acadian Timber's Total Stockholder Equity and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.72 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.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.