IXAQ Historical Balance Sheet
| IXAQ Stock | USD 11.55 0.05 0.43% |
Trend analysis of IX Acquisition Corp balance sheet accounts such as Total Current Liabilities of 1.7 M or Total Stockholder Equity of 20.8 M provides information on IX Acquisition's total assets, liabilities, and equity, which is the actual value of IX Acquisition Corp to its prevalent stockholders. By breaking down trends over time using IX Acquisition balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Financial Statement Analysis is much more than just reviewing and examining IX Acquisition Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether IX Acquisition Corp is a good buy for the upcoming year.
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About IXAQ Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of IX Acquisition Corp at a specified time, usually calculated after every quarter, six months, or one year. IX Acquisition Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of IX Acquisition 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 IXAQ currently owns. An asset can also be divided into two categories, current and non-current.
IX Acquisition Balance Sheet Chart
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Total Assets
Total assets refers to the total amount of IX Acquisition assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in IX Acquisition Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Current Liabilities
Total Current Liabilities is an item on IX Acquisition balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of IX Acquisition Corp are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Cash
Cash refers to the most liquid asset of IX Acquisition Corp, which is listed under current asset account on IX Acquisition Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from IX Acquisition customers. The amounts must be unrestricted with restricted cash listed in a different IX Acquisition account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.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.Most accounts from IX Acquisition's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into IX Acquisition Corp current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, 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 IX Acquisition 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 nation.
| 2010 | 2022 | 2023 | 2024 (projected) | Other Current Liabilities | 381.2K | 990.3K | 1.3M | 963.7K | Total Assets | 232.3M | 234.7M | 31.5M | 29.9M |
IX Acquisition balance sheet Correlations
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IX Acquisition Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with IX Acquisition
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 IX Acquisition 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 IX Acquisition will appreciate offsetting losses from the drop in the long position's value.Moving against IXAQ Stock
| 0.74 | RC | Ready Capital Corp | PairCorr |
| 0.51 | BRACU | Broad Capital Acquisition | PairCorr |
| 0.5 | DMYY | dMY Squared Technology | PairCorr |
| 0.37 | EARN | Ellington Residential | PairCorr |
| 0.31 | EMCGR | Embrace Change Acqui | PairCorr |
The ability to find closely correlated positions to IX Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IX Acquisition 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 IX Acquisition - 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 IX Acquisition Corp to buy it.
The correlation of IX Acquisition 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 IX Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IX Acquisition 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 IX Acquisition 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 IXAQ Stock Analysis
When running IX Acquisition's price analysis, check to measure IX Acquisition'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 IX Acquisition is operating at the current time. Most of IX Acquisition's value examination focuses on studying past and present price action to predict the probability of IX Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IX Acquisition's price. Additionally, you may evaluate how the addition of IX Acquisition to your portfolios can decrease your overall portfolio volatility.