Chorus Non Current Assets Total vs Other Current Assets 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 Non Current Assets Total and its Other Current Assets 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.
Non Current Assets Total vs Other Current Assets
Non Current Assets Total vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chorus Aviation Non Current Assets Total account and Other Current Assets. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Chorus Aviation's Non Current Assets Total and Other Current Assets is 0.42. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Other Current Assets 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 Non Current Assets Total 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 Non Current Assets Total of Chorus Aviation 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 Non Current Assets Total i.e., Chorus Aviation's Non Current Assets Total and Other Current Assets go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Non Current Assets Total
The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.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 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 |
Chorus Aviation fundamental ratios Correlations
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Chorus Aviation Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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
Moving against Chorus Stock
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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.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.