Chorus Investments vs Free Cash Flow Analysis

CHR Stock

CAD 2.94 0.01 0.34%

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

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chorus Aviation Investments account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Chorus Aviation's Investments and Free Cash Flow is 0.82. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Chorus Aviation, assuming nothing else is changed. The correlation between historical values of Chorus Aviation's Investments and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of Chorus Aviation are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Investments i.e., Chorus Aviation's Investments and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.82

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Chorus Aviation's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chorus Aviation 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 Chorus Aviation. 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, Chorus Aviation's Tax Provision is very stable compared to the past year. As of the 23rd of December 2024, Enterprise Value Over EBITDA is likely to grow to 4.83, while Selling General Administrative is likely to drop about 547.4 M.

	2021	2022	2023	2024 (projected)
Total Revenue	1.0B	1.6B	1.7B	1.1B
Depreciation And Amortization	201.1M	182.1M	238.0M	249.9M

Total Revenue Depreciation And Amortization

Chorus Aviation fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Short Long Term Debt Total	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Non Current Liabilities Total	Inventory	Other Current Assets	Property Plant And Equipment Gross	Intangible Assets	Current Deferred Revenue
Total Assets		0.17	0.72	0.8	0.96	0.03	0.57	0.3	-0.19	0.69	0.81	-0.39	0.37	0.98	0.7	0.64	0.96	0.99	0.97	0.54	0.95	0.58	0.49	0.89	-0.38	-0.46
Other Current Liab	0.17		0.61	0.44	-0.05	-0.2	0.57	-0.06	-0.35	0.63	0.44	-0.28	0.23	0.06	0.54	0.38	-0.05	0.09	0.06	0.17	-0.09	0.62	0.68	0.32	-0.25	0.04
Total Current Liabilities	0.72	0.61		0.91	0.57	-0.12	0.77	0.25	-0.32	0.98	0.78	-0.5	0.41	0.65	0.74	0.78	0.58	0.66	0.62	0.5	0.54	0.91	0.89	0.89	-0.47	-0.27
Total Stockholder Equity	0.8	0.44	0.91		0.66	0.26	0.52	0.15	-0.03	0.9	0.63	-0.17	0.09	0.7	0.78	0.94	0.68	0.76	0.8	0.58	0.66	0.9	0.82	0.96	-0.14	-0.34
Net Debt	0.96	-0.05	0.57	0.66		0.01	0.42	0.28	-0.22	0.53	0.72	-0.39	0.38	0.99	0.5	0.51	1.0	0.98	0.94	0.41	1.0	0.42	0.28	0.81	-0.39	-0.51
Retained Earnings	0.03	-0.2	-0.12	0.26	0.01		-0.54	-0.39	0.7	-0.1	-0.47	0.88	-0.9	-0.07	0.18	0.51	0.03	0.06	0.27	0.16	0.06	0.16	0.03	0.12	0.89	0.11
Accounts Payable	0.57	0.57	0.77	0.52	0.42	-0.54		0.38	-0.52	0.74	0.86	-0.74	0.72	0.54	0.63	0.29	0.41	0.51	0.39	0.48	0.36	0.5	0.68	0.56	-0.72	-0.12
Cash	0.3	-0.06	0.25	0.15	0.28	-0.39	0.38		0.22	0.24	0.57	-0.55	0.56	0.34	0.36	-0.04	0.32	0.26	0.15	0.26	0.28	0.04	0.11	0.18	-0.55	-0.17
Cash And Short Term Investments	-0.19	-0.35	-0.32	-0.03	-0.22	0.7	-0.52	0.22		-0.28	-0.42	0.68	-0.67	-0.26	0.15	0.14	-0.17	-0.2	-0.05	0.16	-0.17	-0.14	-0.15	-0.19	0.69	0.2
Net Receivables	0.69	0.63	0.98	0.9	0.53	-0.1	0.74	0.24	-0.28		0.76	-0.46	0.37	0.61	0.76	0.79	0.54	0.62	0.6	0.47	0.51	0.92	0.92	0.88	-0.43	-0.21
Common Stock Shares Outstanding	0.81	0.44	0.78	0.63	0.72	-0.47	0.86	0.57	-0.42	0.76		-0.8	0.78	0.8	0.66	0.37	0.72	0.75	0.64	0.45	0.68	0.53	0.59	0.73	-0.78	-0.41
Short Term Investments	-0.39	-0.28	-0.5	-0.17	-0.39	0.88	-0.74	-0.55	0.68	-0.46	-0.8		-0.99	-0.47	-0.16	0.11	-0.38	-0.36	-0.16	-0.06	-0.35	-0.2	-0.26	-0.33	1.0	0.31
Other Stockholder Equity	0.37	0.23	0.41	0.09	0.38	-0.9	0.72	0.56	-0.67	0.37	0.78	-0.99		0.46	0.13	-0.2	0.37	0.34	0.14	0.05	0.34	0.1	0.17	0.25	-0.99	-0.28
Total Liab	0.98	0.06	0.65	0.7	0.99	-0.07	0.54	0.34	-0.26	0.61	0.8	-0.47	0.46		0.58	0.53	0.99	0.99	0.94	0.45	0.98	0.48	0.37	0.84	-0.47	-0.5
Total Current Assets	0.7	0.54	0.74	0.78	0.5	0.18	0.63	0.36	0.15	0.76	0.66	-0.16	0.13	0.58		0.72	0.52	0.63	0.66	0.58	0.48	0.71	0.75	0.69	-0.13	0.01
Short Term Debt	0.64	0.38	0.78	0.94	0.51	0.51	0.29	-0.04	0.14	0.79	0.37	0.11	-0.2	0.53	0.72		0.53	0.61	0.71	0.48	0.52	0.9	0.76	0.86	0.14	-0.18
Short Long Term Debt Total	0.96	-0.05	0.58	0.68	1.0	0.03	0.41	0.32	-0.17	0.54	0.72	-0.38	0.37	0.99	0.52	0.53		0.98	0.95	0.43	1.0	0.43	0.3	0.82	-0.38	-0.51
Property Plant And Equipment Net	0.99	0.09	0.66	0.76	0.98	0.06	0.51	0.26	-0.2	0.62	0.75	-0.36	0.34	0.99	0.63	0.61	0.98		0.98	0.51	0.97	0.52	0.41	0.86	-0.35	-0.48
Non Current Assets Total	0.97	0.06	0.62	0.8	0.94	0.27	0.39	0.15	-0.05	0.6	0.64	-0.16	0.14	0.94	0.66	0.71	0.95	0.98		0.54	0.94	0.55	0.42	0.87	-0.15	-0.45
Non Currrent Assets Other	0.54	0.17	0.5	0.58	0.41	0.16	0.48	0.26	0.16	0.47	0.45	-0.06	0.05	0.45	0.58	0.48	0.43	0.51	0.54		0.39	0.3	0.44	0.52	-0.04	-0.28
Non Current Liabilities Total	0.95	-0.09	0.54	0.66	1.0	0.06	0.36	0.28	-0.17	0.51	0.68	-0.35	0.34	0.98	0.48	0.52	1.0	0.97	0.94	0.39		0.41	0.26	0.81	-0.35	-0.53
Inventory	0.58	0.62	0.91	0.9	0.42	0.16	0.5	0.04	-0.14	0.92	0.53	-0.2	0.1	0.48	0.71	0.9	0.43	0.52	0.55	0.3	0.41		0.87	0.83	-0.17	-0.13
Other Current Assets	0.49	0.68	0.89	0.82	0.28	0.03	0.68	0.11	-0.15	0.92	0.59	-0.26	0.17	0.37	0.75	0.76	0.3	0.41	0.42	0.44	0.26	0.87		0.75	-0.22	-0.03
Property Plant And Equipment Gross	0.89	0.32	0.89	0.96	0.81	0.12	0.56	0.18	-0.19	0.88	0.73	-0.33	0.25	0.84	0.69	0.86	0.82	0.86	0.87	0.52	0.81	0.83	0.75		-0.3	-0.43
Intangible Assets	-0.38	-0.25	-0.47	-0.14	-0.39	0.89	-0.72	-0.55	0.69	-0.43	-0.78	1.0	-0.99	-0.47	-0.13	0.14	-0.38	-0.35	-0.15	-0.04	-0.35	-0.17	-0.22	-0.3		0.3
Current Deferred Revenue	-0.46	0.04	-0.27	-0.34	-0.51	0.11	-0.12	-0.17	0.2	-0.21	-0.41	0.31	-0.28	-0.5	0.01	-0.18	-0.51	-0.48	-0.45	-0.28	-0.53	-0.13	-0.03	-0.43	0.3

Click cells to compare fundamentals

Chorus Aviation Account Relationship Matchups

Chorus Aviation fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.9B	3.3B	3.2B	4.1B	3.9B	2.0B
Other Current Liab	13.0M	2.2M	911K	29.9M	60.1M	38.1M
Total Current Liabilities	371.1M	380.4M	451.7M	732.7M	802.5M	842.6M
Total Stockholder Equity	605.0M	641.3M	690.5M	1.2B	1.2B	1.3B
Net Debt	1.8B	2.0B	1.8B	1.9B	1.7B	881.3M
Retained Earnings	(716.0M)	(684.4M)	(707.9M)	(702.4M)	(649.4M)	(681.9M)
Accounts Payable	162.0M	136.3M	194.5M	312.8M	298.1M	206.8M
Cash	87.2M	165.7M	123.6M	100.0M	86.0M	81.2M
Cash And Short Term Investments	87.2M	165.7M	123.6M	100.0M	88.8M	92.1M
Net Receivables	74.5M	120.6M	140.1M	203.8M	231.3M	242.9M
Common Stock Shares Outstanding	158.9M	163.6M	173.5M	199.0M	201.2M	149.5M
Short Term Investments	6.3M	6.2M	862K	3.3M	2.8M	2.7M
Liabilities And Stockholders Equity	2.9B	3.3B	3.2B	4.1B	3.9B	2.0B
Total Liab	2.3B	2.7B	2.5B	2.8B	2.6B	1.4B
Total Current Assets	234.7M	378.6M	350.0M	503.7M	630.8M	327.8M
Short Term Debt	170.3M	220.4M	230.3M	345.3M	433.4M	455.1M
Short Long Term Debt Total	1.8B	2.2B	1.9B	2.0B	1.8B	1.1B
Property Plant And Equipment Net	2.6B	2.8B	2.6B	3.3B	3.0B	1.5B
Non Current Assets Total	2.7B	3.0B	2.8B	3.6B	3.2B	1.8B
Non Currrent Assets Other	27.4M	38.9M	55.4M	212.3M	46.2M	47.2M
Non Current Liabilities Total	2.0B	2.3B	2.0B	2.1B	1.8B	1.1B
Inventory	61.8M	81.2M	76.2M	113.8M	206.5M	216.9M
Other Current Assets	11.2M	11.0M	66.3M	86.1M	106.9M	112.3M
Property Plant And Equipment Gross	2.6B	2.8B	3.6B	4.3B	4.2B	4.4B
Accumulated Other Comprehensive Income	(3.6M)	(5.6M)	(5.2M)	28.4M	27.4M	28.7M
Intangible Assets	2.1M	1.8M	1.7M	18.9M	14.6M	13.9M
Current Deferred Revenue	472K	12.7M	10.7M	8.9M	19.6M	11.6M
Common Stock Total Equity	32.4M	153.7M	281.8M	288.5M	331.7M	348.3M
Common Stock	281.8M	288.5M	356.6M	788.7M	781.7M	820.8M
Other Liab	298.0M	330.1M	350.9M	369.9M	425.4M	284.8M
Net Tangible Assets	596.0M	632.5M	681.6M	1.2B	1.3B	1.4B
Other Assets	140.0M	185.1M	232.6M	(18.3M)	(21.0M)	(20.0M)
Long Term Debt	1.7B	2.0B	1.7B	1.7B	1.3B	1.4B
Long Term Investments	637K	424K	0.0	26.0M	24.8M	26.1M
Short Long Term Debt	164.6M	216.8M	226.5M	340.3M	430.1M	451.6M
Property Plant Equipment	2.6B	2.8B	2.6B	3.3B	3.8B	2.1B
Long Term Debt Total	1.7B	2.0B	1.7B	1.7B	1.9B	1.5B
Capital Surpluse	1.0B	1.0B	1.0B	1.0B	934.0M	832.1M

Pair Trading with Chorus Aviation

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

Moving together with Chorus Stock

0.62

AMZN

Amazon CDR

Pair Corr

Moving against Chorus Stock

0.7	TKU	Tarku Resources	Pair Corr
0.61	TD	Toronto Dominion Bank	Pair Corr
0.35	AQN-PD	Algonquin Power Utilities	Pair Corr

The ability to find closely correlated positions to Chorus Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chorus Aviation 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 Chorus Aviation - 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 Chorus Aviation to buy it.

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

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

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Chorus Investments vs Free Cash Flow Analysis

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Investments

Free Cash Flow

Chorus Aviation fundamental ratios Correlations

Chorus Aviation Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chorus Aviation fundamental ratios Accounts

Pair Trading with Chorus Aviation

Moving together with Chorus Stock

Moving against Chorus Stock

Other Information on Investing in Chorus Stock

COMMON DESTINATIONS

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COMPANY

Short Long Term Debt Total	+ 1.0	Net Debt
Non Current Liabilities Total	+ 1.0	Net Debt
Intangible Assets	+ 1.0	Short Term Investments
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Net	+ 0.99	Total Assets
Total Liab	+ 0.99	Net Debt

Intangible Assets	- 0.99	Other Stockholder Equity
Other Stockholder Equity	- 0.99	Short Term Investments
Other Stockholder Equity	- 0.9	Retained Earnings
Short Term Investments	- 0.8	Common Stock Shares Outstanding
Intangible Assets	- 0.78	Common Stock Shares Outstanding
Short Term Investments	- 0.74	Accounts Payable