Ascot Capex To Depreciation vs Pe Ratio Analysis
AOT Stock | CAD 0.19 0.01 5.00% |
Ascot Resources financial indicator trend analysis is way more than just evaluating Ascot Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ascot Resources is a good investment. Please check the relationship between Ascot Resources Capex To Depreciation and its Pe Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascot Resources. 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.
Capex To Depreciation vs Pe Ratio
Capex To Depreciation vs Pe Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ascot Resources Capex To Depreciation account and Pe Ratio. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Ascot Resources' Capex To Depreciation and Pe Ratio is -0.03. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Pe Ratio in the same time period over historical financial statements of Ascot Resources, assuming nothing else is changed. The correlation between historical values of Ascot Resources' Capex To Depreciation and Pe 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 Capex To Depreciation of Ascot Resources are associated (or correlated) with its Pe Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pe Ratio has no effect on the direction of Capex To Depreciation i.e., Ascot Resources' Capex To Depreciation and Pe Ratio go up and down completely randomly.
Correlation Coefficient | -0.03 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.Pe Ratio
Most indicators from Ascot Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ascot Resources 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 Ascot Resources. 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, Ascot Resources' Tax Provision 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 56.4 M, while Selling General Administrative is likely to drop about 3.6 M.
2023 | 2024 (projected) | Research Development | 275.4K | 186.3K | Cost Of Revenue | 1.6M | 1.6M |
Ascot Resources fundamental ratios Correlations
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Ascot Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Ascot Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 183.3M | 250.0M | 339.0M | 379.1M | 630.4M | 661.9M | |
Total Current Liabilities | 3.1M | 46.6M | 14.7M | 30.3M | 50.8M | 53.3M | |
Total Stockholder Equity | 148.2M | 177.6M | 257.2M | 308.9M | 350.8M | 368.3M | |
Property Plant And Equipment Net | 172.3M | 193.2M | 266.6M | 364.2M | 570.5M | 599.0M | |
Net Debt | 8.7M | 1.8M | (17.0M) | 37.7M | 5.3M | 5.6M | |
Retained Earnings | (49.7M) | (58.1M) | (61.1M) | (71.9M) | (82.3M) | (78.2M) | |
Accounts Payable | 2.4M | 2.8M | 14.0M | 6.5M | 33.1M | 34.8M | |
Cash | 4.4M | 42.1M | 59.1M | 7.5M | 22.0M | 11.6M | |
Non Current Assets Total | 177.2M | 205.6M | 277.3M | 369.6M | 598.0M | 627.9M | |
Non Currrent Assets Other | 4.9M | 8.0M | 8.3M | 3.0M | 7.0M | 4.9M | |
Cash And Short Term Investments | 4.9M | 43.6M | 59.1M | 7.5M | 27.0M | 28.3M | |
Net Receivables | 579K | 365K | 1.4M | 840K | 2.1M | 2.3M | |
Common Stock Shares Outstanding | 215.1M | 260.5M | 348.1M | 424.8M | 546.8M | 574.1M | |
Liabilities And Stockholders Equity | 183.3M | 250.0M | 339.0M | 379.1M | 630.4M | 661.9M | |
Other Current Assets | 620K | 352K | 1.2M | 1.1M | 2.5M | 2.7M | |
Other Stockholder Equity | 14.6M | 17.8M | 19.5M | 29.4M | 32.2M | 33.8M | |
Total Liab | 35.2M | 72.3M | 81.8M | 70.2M | 279.6M | 293.6M | |
Total Current Assets | 6.1M | 44.3M | 61.7M | 9.5M | 32.4M | 34.0M | |
Accumulated Other Comprehensive Income | 14.6M | 17.8M | 19.5M | 29.5K | 32.2K | 30.6K | |
Other Current Liab | 464K | 84K | 348K | 860K | 1.7M | 1.8M | |
Common Stock | 183.3M | 217.9M | 298.7M | 351.3M | 400.8M | 420.9M | |
Short Term Investments | 507K | 1.6M | 46.3M | 6.5M | 5M | 4.8M | |
Other Assets | 4.9M | 12.4M | 10.7M | 5.4M | 6.2M | 5.1M | |
Property Plant Equipment | 172.3M | 193.2M | 266.6M | 364.2M | 418.9M | 439.8M | |
Other Liab | 19.1M | 25.2M | 25.3M | 17.6M | 20.2M | 19.0M | |
Net Tangible Assets | 148.2M | 177.6M | 257.2M | 308.9M | 355.3M | 181.2M | |
Long Term Debt Total | 12.9M | 558K | 41.8M | 22.3M | 25.6M | 26.9M | |
Short Term Debt | 217K | 43.3M | 338K | 23.0M | 3.7M | 3.5M |
Pair Trading with Ascot Resources
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 Ascot Resources 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 Ascot Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Ascot Stock
Moving against Ascot Stock
The ability to find closely correlated positions to Ascot Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascot Resources 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 Ascot Resources - 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 Ascot Resources to buy it.
The correlation of Ascot Resources 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 Ascot Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascot Resources 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 Ascot Resources 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 Ascot Stock
Balance Sheet is a snapshot of the financial position of Ascot Resources at a specified time, usually calculated after every quarter, six months, or one year. Ascot Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Ascot Resources 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 Ascot currently owns. An asset can also be divided into two categories, current and non-current.