Corby Non Current Assets Total vs Cash And Short Term Investments Analysis
CSW-A Stock | CAD 12.64 0.02 0.16% |
Corby Spirit financial indicator trend analysis is way more than just evaluating Corby Spirit prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Corby Spirit is a good investment. Please check the relationship between Corby Spirit Non Current Assets Total and its Cash And Short Term Investments accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
Non Current Assets Total vs Cash And Short Term Investments
Non Current Assets Total vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Corby Spirit Non Current Assets Total account and Cash And Short Term Investments. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Corby Spirit's Non Current Assets Total and Cash And Short Term Investments is -0.47. Overlapping area represents the amount of variation of Non Current Assets Total that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Corby Spirit and, assuming nothing else is changed. The correlation between historical values of Corby Spirit's Non Current Assets Total and Cash And Short Term Investments 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 Corby Spirit and are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Non Current Assets Total i.e., Corby Spirit's Non Current Assets Total and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | -0.47 |
Relationship Direction | Negative |
Relationship Strength | Very 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Corby Spirit balance sheet. This account contains Corby Spirit investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Corby Spirit and fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Corby Spirit's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Corby Spirit 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 Corby Spirit and. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. At this time, Corby Spirit's Enterprise Value Over EBITDA is comparatively stable compared to the past year. Enterprise Value Multiple is likely to gain to 14.88 in 2024, whereas Selling General Administrative is likely to drop slightly above 65.8 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 254K | 276K | 8.8M | 9.2M | Depreciation And Amortization | 14.3M | 14.8M | 15.4M | 16.2M |
Corby Spirit fundamental ratios Correlations
Click cells to compare fundamentals
Corby Spirit Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Corby Spirit fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 234.4M | 254.4M | 253.5M | 362.6M | 420.5M | 266.0M | |
Other Current Liab | 10.1M | 6.8M | 10.2M | 19.0M | 13.5M | 14.2M | |
Total Current Liabilities | 40.4M | 47.9M | 54.6M | 69.7M | 76.7M | 80.5M | |
Total Stockholder Equity | 172.6M | 187.9M | 183.2M | 180.0M | 181.6M | 179.2M | |
Property Plant And Equipment Net | 23.7M | 22.7M | 24.2M | 25.2M | 24.9M | 14.1M | |
Net Debt | (76.8M) | (90.0M) | (48.8M) | (53.4M) | 136.2M | 143.0M | |
Retained Earnings | 160.2M | 166.9M | 163.7M | 160.6M | 158.8M | 165.1M | |
Accounts Payable | 24.9M | 37.1M | 43.2M | 48.1M | 43.9M | 22.7M | |
Non Current Assets Total | 64.6M | 63.2M | 101.0M | 92.1M | 241.2M | 253.2M | |
Non Currrent Assets Other | 4.7M | 11.7M | 6.8M | 7.0M | 8.0M | 7.6M | |
Net Receivables | 26.3M | 35.7M | 38.3M | 39.6M | 51.5M | 31.7M | |
Liabilities And Stockholders Equity | 234.4M | 254.4M | 253.5M | 362.6M | 420.5M | 266.0M | |
Non Current Liabilities Total | 21.4M | 18.5M | 15.7M | 112.9M | 162.2M | 170.3M | |
Inventory | 61.3M | 60.8M | 61.1M | 75.2M | 94.7M | 57.4M | |
Other Current Assets | 439K | 1.3M | 647K | 694K | 1.1M | 1.0M | |
Other Stockholder Equity | (1.9M) | 6.8M | 5.2M | 5.1M | 4.6M | 6.7M | |
Total Liab | 61.8M | 66.5M | 70.3M | 182.6M | 238.9M | 250.8M | |
Total Current Assets | 169.8M | 191.2M | 152.5M | 270.5M | 179.3M | 164.4M | |
Accumulated Other Comprehensive Income | (1.9M) | 6.8M | 5.2M | 5.1M | 8.4M | 8.9M | |
Intangible Assets | 27.4M | 20.0M | 61.3M | 51.2M | 91.0M | 46.1M | |
Cash | 81.7M | 94.4M | 52.5M | 155.0M | 4.6M | 4.4M | |
Cash And Short Term Investments | 81.7M | 94.4M | 52.5M | 155.0M | 32M | 30.4M | |
Other Liab | 17.8M | 15.5M | 13.2M | 12.6M | 11.3M | 13.4M | |
Net Tangible Assets | 136.4M | 160.2M | 113.2M | 120.1M | 108.1M | 105.6M | |
Other Assets | 4.7M | 11.7M | 6.8M | 7.0M | 8.0M | 4.2M | |
Property Plant Equipment | 23.7M | 22.7M | 24.2M | 25.2M | 29.0M | 20.8M | |
Net Invested Capital | 172.6M | 187.9M | 183.2M | 278.0M | 301.6M | 227.5M | |
Net Working Capital | 129.4M | 143.2M | 97.9M | 200.8M | 102.6M | 145.7M |
Pair Trading with Corby Spirit
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 Corby Spirit 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 Corby Spirit will appreciate offsetting losses from the drop in the long position's value.Moving against Corby Stock
0.76 | RY-PS | Royal Bank | PairCorr |
0.73 | NA | National Bank | PairCorr |
0.7 | FFH-PC | Fairfax Fin Hld | PairCorr |
0.68 | BMO-PE | Bank of Montreal | PairCorr |
0.66 | BMO | Bank of Montreal | PairCorr |
The ability to find closely correlated positions to Corby Spirit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corby Spirit 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 Corby Spirit - 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 Corby Spirit and to buy it.
The correlation of Corby Spirit 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 Corby Spirit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Corby Spirit 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 Corby Spirit 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.Additional Tools for Corby Stock Analysis
When running Corby Spirit's price analysis, check to measure Corby Spirit's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corby Spirit is operating at the current time. Most of Corby Spirit's value examination focuses on studying past and present price action to predict the probability of Corby Spirit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corby Spirit's price. Additionally, you may evaluate how the addition of Corby Spirit to your portfolios can decrease your overall portfolio volatility.