Ascendant Pocfratio vs Pb Ratio Analysis

ASND Stock

CAD 0.04 0.01 20.00%

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

Pocfratio vs Pb Ratio

Pocfratio vs Pb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ascendant Resources Pocfratio account and Pb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Ascendant Resources' Pocfratio and Pb Ratio is -0.35. Overlapping area represents the amount of variation of Pocfratio that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Ascendant Resources, assuming nothing else is changed. The correlation between historical values of Ascendant Resources' Pocfratio and Pb 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 Pocfratio of Ascendant Resources are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Pocfratio i.e., Ascendant Resources' Pocfratio and Pb Ratio go up and down completely randomly.

Correlation Coefficient

-0.35

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Pocfratio

Pb Ratio

Most indicators from Ascendant Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ascendant 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 Ascendant 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, Ascendant Resources' Selling General Administrative is very stable compared to the past year. As of the 3rd of January 2025, Issuance Of Capital Stock is likely to grow to about 1.6 M, though Discontinued Operations is likely to grow to (7.8 M).

Ascendant Resources fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Inventory	Other Current Liab	Short Term Debt	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Property Plant And Equipment Gross	Other Assets	Common Stock	Short Long Term Debt Total	Other Liab
Total Assets		0.97	0.56	0.09	-0.16	0.96	0.52	0.53	0.92	0.26	0.65	0.1	0.35	0.89	0.85	0.88	0.91	0.77	0.92	0.94	0.88	0.92	0.9	0.37	0.3	0.5
Total Current Liabilities	0.97		0.5	0.2	-0.18	0.92	0.3	0.31	0.94	0.28	0.6	0.12	0.2	0.87	0.7	0.76	0.92	0.88	0.97	0.98	0.95	0.97	0.97	0.39	0.35	0.46
Total Stockholder Equity	0.56	0.5		-0.68	0.49	0.6	0.46	0.46	0.59	-0.48	-0.24	-0.71	0.69	0.11	0.62	0.58	0.22	0.52	0.41	0.44	0.62	0.4	0.49	-0.32	-0.59	-0.08
Net Debt	0.09	0.2	-0.68		-0.72	0.0	-0.46	-0.46	0.1	0.8	0.62	0.8	-0.76	0.49	-0.31	-0.22	0.41	0.17	0.28	0.31	0.13	0.29	0.28	0.72	0.93	0.43
Retained Earnings	-0.16	-0.18	0.49	-0.72		-0.08	0.05	0.05	-0.1	-0.96	-0.63	-0.68	0.41	-0.47	0.03	0.0	-0.38	-0.05	-0.14	-0.25	-0.09	-0.15	-0.19	-0.94	-0.78	-0.85
Accounts Payable	0.96	0.92	0.6	0.0	-0.08		0.48	0.49	0.97	0.2	0.56	0.03	0.46	0.81	0.84	0.89	0.87	0.68	0.88	0.88	0.86	0.88	0.87	0.32	0.19	0.37
Cash	0.52	0.3	0.46	-0.46	0.05	0.48		1.0	0.28	-0.08	0.37	-0.1	0.71	0.37	0.87	0.79	0.33	0.05	0.21	0.22	0.14	0.21	0.15	-0.04	-0.12	0.31
Cash And Short Term Investments	0.53	0.31	0.46	-0.46	0.05	0.49	1.0		0.28	-0.07	0.37	-0.1	0.7	0.38	0.87	0.8	0.33	0.05	0.22	0.23	0.15	0.21	0.15	-0.04	-0.12	0.31
Net Receivables	0.92	0.94	0.59	0.1	-0.1	0.97	0.28	0.28		0.23	0.49	0.0	0.32	0.78	0.69	0.75	0.85	0.76	0.91	0.93	0.93	0.91	0.94	0.37	0.21	0.35
Common Stock Shares Outstanding	0.26	0.28	-0.48	0.8	-0.96	0.2	-0.08	-0.07	0.23		0.72	0.76	-0.45	0.59	0.02	0.07	0.51	0.11	0.27	0.37	0.18	0.29	0.31	0.98	0.87	0.8
Non Current Liabilities Total	0.65	0.6	-0.24	0.62	-0.63	0.56	0.37	0.37	0.49	0.72		0.74	-0.1	0.91	0.52	0.57	0.83	0.31	0.62	0.62	0.37	0.62	0.53	0.69	0.84	0.67
Other Current Assets	0.1	0.12	-0.71	0.8	-0.68	0.03	-0.1	-0.1	0.0	0.76	0.74		-0.53	0.52	-0.06	0.02	0.47	-0.12	0.21	0.17	-0.09	0.22	0.07	0.66	0.85	0.45
Other Stockholder Equity	0.35	0.2	0.69	-0.76	0.41	0.46	0.71	0.7	0.32	-0.45	-0.1	-0.53		0.04	0.71	0.66	0.07	0.07	0.12	0.08	0.17	0.11	0.09	-0.34	-0.57	-0.08
Total Liab	0.89	0.87	0.11	0.49	-0.47	0.81	0.37	0.38	0.78	0.59	0.91	0.52	0.04		0.67	0.74	0.97	0.64	0.87	0.88	0.71	0.87	0.82	0.62	0.69	0.63
Total Current Assets	0.85	0.7	0.62	-0.31	0.03	0.84	0.87	0.87	0.69	0.02	0.52	-0.06	0.71	0.67		0.98	0.68	0.44	0.63	0.62	0.56	0.62	0.57	0.11	0.0	0.38
Inventory	0.88	0.76	0.58	-0.22	0.0	0.89	0.79	0.8	0.75	0.07	0.57	0.02	0.66	0.74	0.98		0.76	0.5	0.7	0.68	0.62	0.7	0.64	0.16	0.07	0.37
Other Current Liab	0.91	0.92	0.22	0.41	-0.38	0.87	0.33	0.33	0.85	0.51	0.83	0.47	0.07	0.97	0.68	0.76		0.66	0.92	0.92	0.78	0.92	0.86	0.57	0.59	0.56
Short Term Debt	0.77	0.88	0.52	0.17	-0.05	0.68	0.05	0.05	0.76	0.11	0.31	-0.12	0.07	0.64	0.44	0.5	0.66		0.83	0.87	0.93	0.83	0.91	0.21	0.21	0.31
Property Plant And Equipment Net	0.92	0.97	0.41	0.28	-0.14	0.88	0.21	0.22	0.91	0.27	0.62	0.21	0.12	0.87	0.63	0.7	0.92	0.83		0.96	0.9	1.0	0.94	0.35	0.4	0.37
Non Current Assets Total	0.94	0.98	0.44	0.31	-0.25	0.88	0.22	0.23	0.93	0.37	0.62	0.17	0.08	0.88	0.62	0.68	0.92	0.87	0.96		0.95	0.96	0.98	0.47	0.43	0.49
Non Currrent Assets Other	0.88	0.95	0.62	0.13	-0.09	0.86	0.14	0.15	0.93	0.18	0.37	-0.09	0.17	0.71	0.56	0.62	0.78	0.93	0.9	0.95		0.9	0.97	0.32	0.19	0.37
Property Plant And Equipment Gross	0.92	0.97	0.4	0.29	-0.15	0.88	0.21	0.21	0.91	0.29	0.62	0.22	0.11	0.87	0.62	0.7	0.92	0.83	1.0	0.96	0.9		0.94	0.37	0.42	0.38
Other Assets	0.9	0.97	0.49	0.28	-0.19	0.87	0.15	0.15	0.94	0.31	0.53	0.07	0.09	0.82	0.57	0.64	0.86	0.91	0.94	0.98	0.97	0.94		0.42	0.37	0.4
Common Stock	0.37	0.39	-0.32	0.72	-0.94	0.32	-0.04	-0.04	0.37	0.98	0.69	0.66	-0.34	0.62	0.11	0.16	0.57	0.21	0.35	0.47	0.32	0.37	0.42		0.79	0.85
Short Long Term Debt Total	0.3	0.35	-0.59	0.93	-0.78	0.19	-0.12	-0.12	0.21	0.87	0.84	0.85	-0.57	0.69	0.0	0.07	0.59	0.21	0.4	0.43	0.19	0.42	0.37	0.79		0.6
Other Liab	0.5	0.46	-0.08	0.43	-0.85	0.37	0.31	0.31	0.35	0.8	0.67	0.45	-0.08	0.63	0.38	0.37	0.56	0.31	0.37	0.49	0.37	0.38	0.4	0.85	0.6

Click cells to compare fundamentals

Ascendant Resources Account Relationship Matchups

Ascendant Resources fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	6.5M	7.9M	13.8M	18.5M	21.3M	19.1M
Total Current Liabilities	1.7M	3.7M	1.6M	7.7M	8.9M	6.8M
Total Stockholder Equity	4.8M	3.9M	(3.8M)	(16.3M)	(18.7M)	(17.8M)
Net Debt	(550K)	2.0M	10.5M	17.8M	20.5M	21.5M
Retained Earnings	(42.0M)	(46.7M)	(52.0M)	(59.2M)	(53.3M)	(50.6M)
Accounts Payable	444K	317K	587K	1.2M	1.4M	2.3M
Cash	756K	938K	3.8M	637K	732.6K	695.9K
Cash And Short Term Investments	756K	938K	3.8M	660K	759K	721.1K
Net Receivables	92K	207K	217K	450K	517.5K	784.3K
Common Stock Shares Outstanding	84.2M	98.3M	122.8M	133.6M	153.6M	161.3M
Liabilities And Stockholders Equity	6.5M	7.9M	13.8M	18.5M	21.3M	19.1M
Non Current Liabilities Total	0.0	341K	16.0M	23.6M	27.1M	28.5M
Other Current Assets	195K	260K	133K	2.4M	2.7M	2.9M
Other Stockholder Equity	5.8M	6.8M	1.7M	(5.1M)	(5.8M)	(5.5M)
Total Liab	1.7M	4.1M	17.6M	31.3M	36.0M	37.8M
Total Current Assets	1.1M	1.5M	4.2M	3.0M	3.5M	3.3M
Inventory	194.8K	315.5K	132.6K	1.9M	2.2M	4.4M
Accumulated Other Comprehensive Income	2.2M	2.2M	2.0M	1.5M	1.7M	1.6M
Other Current Liab	1.0M	820K	923K	6.5M	7.4M	7.8M
Short Term Debt	206K	2.6M	75K	76K	87.4K	83.0K
Property Plant And Equipment Net	129K	449K	765K	15.2M	17.5M	12.5M
Non Current Assets Total	5.4M	6.4M	9.6M	15.5M	17.8M	14.7M
Non Currrent Assets Other	5.1M	888K	639K	316K	363.4K	345.2K
Property Plant And Equipment Gross	392K	793K	1.2M	15.8M	18.1M	12.7M
Common Stock	38.8M	41.6M	44.5M	46.5M	53.5M	56.1M
Short Long Term Debt Total	206K	2.9M	14.3M	18.4M	21.2M	22.2M
Net Tangible Assets	23.6M	15.9M	4.8M	3.9M	4.4M	4.2M
Property Plant Equipment	48.1M	129K	449K	765K	688.5K	654.1K
Long Term Debt Total	362K	0.0	341K	14.2M	16.3M	17.2M
Capital Lease Obligations	206K	415K	320K	251K	225.9K	214.6K
Net Invested Capital	4.8M	6.4M	10.2M	1.9M	1.7M	1.6M
Net Working Capital	(603K)	(2.2M)	2.6M	(4.7M)	(4.2M)	(4.0M)
Long Term Investments	4.4M	5.4M	8.9M	149K	171.4K	162.8K
Capital Stock	38.8M	41.6M	44.5M	46.5M	53.5M	44.7M

Pair Trading with Ascendant 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 Ascendant 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 Ascendant Resources will appreciate offsetting losses from the drop in the long position's value.

The ability to find closely correlated positions to Ascendant 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 Ascendant 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 Ascendant 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 Ascendant Resources to buy it.

The correlation of Ascendant 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 Ascendant Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascendant 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 Ascendant 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.

Pair Correlation Correlation Matching

Other Information on Investing in Ascendant Stock

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

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Ascendant Pocfratio vs Pb Ratio Analysis

Pocfratio vs Pb Ratio

Pocfratio vs Pb Ratio Correlation Analysis

Correlation Coefficient

Pocfratio

Pb Ratio

Ascendant Resources fundamental ratios Correlations

Ascendant Resources Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ascendant Resources fundamental ratios Accounts

Pair Trading with Ascendant Resources

Other Information on Investing in Ascendant Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Non Current Assets Total	+ 0.98	Total Current Liabilities
Common Stock	+ 0.98	Common Stock Shares Outstanding
Inventory	+ 0.98	Total Current Assets
Other Assets	+ 0.98	Non Current Assets Total

Common Stock Shares Outstanding	- 0.96	Retained Earnings
Common Stock	- 0.94	Retained Earnings
Other Liab	- 0.85	Retained Earnings
Short Long Term Debt Total	- 0.78	Retained Earnings
Other Stockholder Equity	- 0.76	Net Debt
Retained Earnings	- 0.72	Net Debt