IFabric Accounts Payable vs Common Stock Analysis
IFA Stock | CAD 1.05 0.01 0.94% |
IFabric Corp financial indicator trend analysis is infinitely more than just investigating iFabric Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether iFabric Corp is a good investment. Please check the relationship between IFabric Corp Accounts Payable and its Common Stock accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iFabric Corp. 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.
Accounts Payable vs Common Stock
Accounts Payable vs Common Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of iFabric Corp Accounts Payable account and Common Stock. At this time, the significance of the direction appears to have very strong relationship.
The correlation between IFabric Corp's Accounts Payable and Common Stock is 0.83. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Common Stock in the same time period over historical financial statements of iFabric Corp, assuming nothing else is changed. The correlation between historical values of IFabric Corp's Accounts Payable and Common Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of iFabric Corp are associated (or correlated) with its Common Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock has no effect on the direction of Accounts Payable i.e., IFabric Corp's Accounts Payable and Common Stock go up and down completely randomly.
Correlation Coefficient | 0.83 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Accounts Payable
An accounting item on the balance sheet that represents IFabric Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of iFabric Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Common Stock
Most indicators from IFabric Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into iFabric Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iFabric Corp. 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. As of the 12th of December 2024, Sales General And Administrative To Revenue is likely to grow to 27.24, while Selling General Administrative is likely to drop about 3.5 M.
2020 | 2021 | 2023 | 2024 (projected) | Interest Income | 223K | 175.3K | 157.8K | 167.4K | Reconciled Depreciation | 90.1K | 130.7K | 117.6K | 116.6K |
IFabric Corp fundamental ratios Correlations
Click cells to compare fundamentals
IFabric Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IFabric Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.5M | 27.6M | 27.4M | 25.9M | 29.8M | 31.3M | |
Total Current Liabilities | 7.5M | 4.8M | 4.0M | 4.3M | 5.0M | 2.5M | |
Total Stockholder Equity | 9.3M | 22.3M | 22.8M | 20.7M | 23.8M | 25.0M | |
Net Debt | 154.8K | (7.6M) | 293.3K | 454.9K | 409.5K | 429.9K | |
Accounts Payable | 1.2M | 2.2M | 2.0M | 2.6M | 3.0M | 3.1M | |
Cash | 1.2M | 8.9M | 944.7K | 1.6M | 1.8M | 1.5M | |
Cash And Short Term Investments | 1.2M | 8.9M | 944.7K | 1.6M | 1.8M | 1.5M | |
Common Stock Shares Outstanding | 26.3M | 29.2M | 30.4M | 30.2M | 34.7M | 21.7M | |
Liabilities And Stockholders Equity | 17.5M | 27.6M | 27.4M | 25.9M | 29.8M | 31.3M | |
Other Current Assets | 4.3M | 4.8M | 5.4M | 4.9M | 5.6M | 5.9M | |
Other Stockholder Equity | 2.0M | 2.2M | 259.1K | 6.4M | 7.4M | 7.8M | |
Total Liab | 8.2M | 5.4M | 4.6M | 5.2M | 6.0M | 3.5M | |
Total Current Assets | 13.2M | 23.2M | 22.7M | 19.9M | 22.9M | 24.0M | |
Net Tangible Assets | 9.2M | 9.3M | 22.2M | 22.7M | 26.1M | 27.4M | |
Retained Earnings | 3.2M | 5.6M | 5.2M | 3.1M | 3.5M | 3.0M | |
Short Term Debt | 1.3M | 1.2M | 1.2M | 1.1M | 1.3M | 856.9K | |
Common Stock | 3.3M | 13.6M | 13.7M | 9.0M | 10.3M | 10.9M | |
Other Current Liab | 832.2K | 946.7K | 737.2K | 566.0K | 650.9K | 438.8K | |
Short Long Term Debt | 1.3M | 1.3M | 1.2M | 1.2M | 1.3M | 959.6K | |
Short Long Term Debt Total | 1.8M | 1.8M | 1.8M | 2.0M | 2.3M | 2.1M | |
Property Plant And Equipment Net | 2.8M | 3.0M | 3.2M | 3.6M | 4.2M | 3.1M | |
Current Deferred Revenue | 4.2M | 377.3K | 118.3K | 114.2K | 131.4K | 124.8K | |
Non Current Assets Total | 4.3M | 4.4M | 4.7M | 6.0M | 6.9M | 4.7M | |
Non Currrent Assets Other | 370.7K | 363.1K | 292.1K | 178.0K | 160.2K | 152.2K | |
Net Receivables | 4.6M | 6.5M | 7.0M | 4.0M | 4.5M | 3.9M | |
Non Current Liabilities Total | 650.1K | 551.3K | 614.7K | 906.8K | 816.1K | 1.0M | |
Inventory | 3.1M | 3.0M | 9.4M | 9.5M | 10.9M | 11.4M | |
Property Plant And Equipment Gross | 2.8M | 2.8M | 3.7M | 3.9M | 4.5M | 3.2M | |
Accumulated Other Comprehensive Income | 2.8M | 3.1M | 3.9M | 2.2M | 2.5M | 1.4M | |
Other Assets | 1.1M | 1.4M | 1.4M | 1.2M | 1.3M | 1.3M | |
Long Term Debt | 476.8K | 502.2K | 530.4K | 581.3K | 523.2K | 846.9K | |
Deferred Long Term Liab | 107.3K | 258.5K | 231.7K | 204.8K | 184.4K | 268.7K | |
Property Plant Equipment | 2.8M | 2.8M | 3.0M | 3.2M | 3.6M | 3.1M | |
Long Term Debt Total | 476.8K | 527.6K | 551.3K | 614.7K | 553.2K | 765.5K | |
Intangible Assets | 107.3K | 258.5K | 231.7K | 204.8K | 184.4K | 226.4K | |
Net Invested Capital | 10.5M | 10.6M | 23.5M | 23.9M | 27.5M | 17.1M | |
Net Working Capital | 5.8M | 5.7M | 18.4M | 18.7M | 21.5M | 11.7M |
Pair Trading with IFabric Corp
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 IFabric Corp 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 IFabric Corp will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to IFabric Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IFabric Corp 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 IFabric Corp - 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 iFabric Corp to buy it.
The correlation of IFabric Corp 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 IFabric Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iFabric Corp 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 IFabric Corp 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 IFabric Stock
Balance Sheet is a snapshot of the financial position of iFabric Corp at a specified time, usually calculated after every quarter, six months, or one year. IFabric Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of IFabric Corp 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 IFabric currently owns. An asset can also be divided into two categories, current and non-current.