Pollard Net Income vs Change To Netincome Analysis

PBL Stock

CAD 24.79 0.19 0.76%

Pollard Banknote financial indicator trend analysis is much more than just breaking down Pollard Banknote prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Pollard Banknote is a good investment. Please check the relationship between Pollard Banknote Net Income and its Change To Netincome accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pollard Banknote Limited. 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.

Net Income vs Change To Netincome

Net Income vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Pollard Banknote Net Income account and Change To Netincome. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Pollard Banknote's Net Income and Change To Netincome is -0.53. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of Pollard Banknote Limited, assuming nothing else is changed. The correlation between historical values of Pollard Banknote's Net Income and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of Pollard Banknote Limited are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Net Income i.e., Pollard Banknote's Net Income and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.53

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Pollard Banknote financial statement analysis. It represents the amount of money remaining after all of Pollard Banknote Limited operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Change To Netincome

Most indicators from Pollard Banknote's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Pollard Banknote 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pollard Banknote Limited. 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, Pollard Banknote's Selling General Administrative is very stable compared to the past year. As of the 10th of December 2024, Tax Provision is likely to grow to about 7.2 M, while Issuance Of Capital Stock is likely to drop about 655.5 K.

	2021	2022	2023	2024 (projected)
Gross Profit	91.1M	81.8M	85.8M	51.5M
Total Revenue	459.0M	482.3M	520.4M	546.5M

Gross Profit Total Revenue

Pollard Banknote fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Non Current Assets Total	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Assets	Short Term Debt	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Cash	Non Currrent Assets Other	Cash And Short Term Investments	Good Will	Short Term Investments	Non Current Liabilities Total	Inventory	Property Plant And Equipment Gross	Intangible Assets
Total Assets		0.75	0.99	0.96	0.92	0.98	1.0	0.98	0.55	-0.38	0.82	0.99	0.98	-0.35	0.87	0.89	0.87	-0.42	0.08	-0.44	0.91	-0.39	0.79	0.89	0.91	0.99
Other Current Liab	0.75		0.74	0.75	0.76	0.67	0.77	0.71	0.3	-0.24	0.51	0.71	0.72	-0.24	0.61	0.58	0.62	-0.52	-0.19	-0.53	0.59	-0.23	0.54	0.57	0.69	0.77
Total Current Liabilities	0.99	0.74		0.96	0.93	0.99	0.98	0.98	0.56	-0.4	0.8	0.98	0.98	-0.33	0.81	0.85	0.82	-0.48	-0.01	-0.5	0.9	-0.41	0.72	0.87	0.94	0.98
Total Stockholder Equity	0.96	0.75	0.96		0.99	0.95	0.97	0.93	0.34	-0.23	0.65	0.92	0.97	-0.32	0.76	0.81	0.77	-0.49	-0.04	-0.5	0.82	-0.19	0.63	0.84	0.97	0.97
Retained Earnings	0.92	0.76	0.93	0.99		0.92	0.93	0.89	0.24	-0.17	0.58	0.88	0.94	-0.31	0.72	0.76	0.74	-0.55	-0.11	-0.55	0.76	-0.09	0.58	0.8	0.95	0.94
Accounts Payable	0.98	0.67	0.99	0.95	0.92		0.97	0.97	0.56	-0.38	0.79	0.98	0.98	-0.31	0.8	0.84	0.8	-0.45	0.01	-0.46	0.91	-0.41	0.69	0.88	0.95	0.98
Non Current Assets Total	1.0	0.77	0.98	0.97	0.93	0.97		0.97	0.5	-0.34	0.8	0.97	0.98	-0.35	0.87	0.89	0.87	-0.46	0.06	-0.47	0.9	-0.33	0.78	0.88	0.92	1.0
Net Receivables	0.98	0.71	0.98	0.93	0.89	0.97	0.97		0.59	-0.45	0.83	0.99	0.96	-0.34	0.84	0.87	0.85	-0.43	0.05	-0.44	0.89	-0.45	0.77	0.86	0.89	0.96
Common Stock Shares Outstanding	0.55	0.3	0.56	0.34	0.24	0.56	0.5	0.59		-0.61	0.78	0.63	0.49	-0.09	0.49	0.49	0.47	0.06	0.17	0.03	0.7	-0.95	0.5	0.54	0.36	0.5
Other Stockholder Equity	-0.38	-0.24	-0.4	-0.23	-0.17	-0.38	-0.34	-0.45	-0.61		-0.53	-0.46	-0.33	-0.2	-0.35	-0.36	-0.33	-0.12	-0.11	-0.1	-0.42	0.61	-0.4	-0.36	-0.24	-0.32
Total Liab	0.82	0.51	0.8	0.65	0.58	0.79	0.8	0.83	0.78	-0.53		0.84	0.78	-0.33	0.91	0.91	0.91	-0.27	0.27	-0.29	0.94	-0.58	0.9	0.87	0.6	0.79
Total Current Assets	0.99	0.71	0.98	0.92	0.88	0.98	0.97	0.99	0.63	-0.46	0.84		0.97	-0.34	0.85	0.87	0.85	-0.35	0.12	-0.37	0.9	-0.49	0.77	0.89	0.88	0.97
Other Current Assets	0.98	0.72	0.98	0.97	0.94	0.98	0.98	0.96	0.49	-0.33	0.78	0.97		-0.33	0.85	0.87	0.85	-0.49	0.05	-0.5	0.89	-0.33	0.74	0.91	0.92	0.98
Short Term Debt	-0.35	-0.24	-0.33	-0.32	-0.31	-0.31	-0.35	-0.34	-0.09	-0.2	-0.33	-0.34	-0.33		-0.39	-0.45	-0.38	0.07	-0.22	0.06	-0.29	0.0	-0.4	-0.36	-0.26	-0.3
Short Long Term Debt Total	0.87	0.61	0.81	0.76	0.72	0.8	0.87	0.84	0.49	-0.35	0.91	0.85	0.85	-0.39		0.97	1.0	-0.36	0.34	-0.37	0.89	-0.26	0.96	0.91	0.65	0.84
Property Plant And Equipment Net	0.89	0.58	0.85	0.81	0.76	0.84	0.89	0.87	0.49	-0.36	0.91	0.87	0.87	-0.45	0.97		0.97	-0.4	0.21	-0.41	0.93	-0.25	0.91	0.93	0.74	0.87
Net Debt	0.87	0.62	0.82	0.77	0.74	0.8	0.87	0.85	0.47	-0.33	0.91	0.85	0.85	-0.38	1.0	0.97		-0.43	0.29	-0.44	0.89	-0.24	0.95	0.91	0.67	0.85
Cash	-0.42	-0.52	-0.48	-0.49	-0.55	-0.45	-0.46	-0.43	0.06	-0.12	-0.27	-0.35	-0.49	0.07	-0.36	-0.4	-0.43		0.56	1.0	-0.42	-0.18	-0.26	-0.36	-0.54	-0.48
Non Currrent Assets Other	0.08	-0.19	-0.01	-0.04	-0.11	0.01	0.06	0.05	0.17	-0.11	0.27	0.12	0.05	-0.22	0.34	0.21	0.29	0.56		0.56	0.09	-0.13	0.41	0.21	-0.18	0.02
Cash And Short Term Investments	-0.44	-0.53	-0.5	-0.5	-0.55	-0.46	-0.47	-0.44	0.03	-0.1	-0.29	-0.37	-0.5	0.06	-0.37	-0.41	-0.44	1.0	0.56		-0.43	-0.15	-0.27	-0.38	-0.55	-0.49
Good Will	0.91	0.59	0.9	0.82	0.76	0.91	0.9	0.89	0.7	-0.42	0.94	0.9	0.89	-0.29	0.89	0.93	0.89	-0.42	0.09	-0.43		-0.47	0.81	0.94	0.79	0.9
Short Term Investments	-0.39	-0.23	-0.41	-0.19	-0.09	-0.41	-0.33	-0.45	-0.95	0.61	-0.58	-0.49	-0.33	0.0	-0.26	-0.25	-0.24	-0.18	-0.13	-0.15	-0.47		-0.3	-0.3	-0.22	-0.34
Non Current Liabilities Total	0.79	0.54	0.72	0.63	0.58	0.69	0.78	0.77	0.5	-0.4	0.9	0.77	0.74	-0.4	0.96	0.91	0.95	-0.26	0.41	-0.27	0.81	-0.3		0.8	0.51	0.75
Inventory	0.89	0.57	0.87	0.84	0.8	0.88	0.88	0.86	0.54	-0.36	0.87	0.89	0.91	-0.36	0.91	0.93	0.91	-0.36	0.21	-0.38	0.94	-0.3	0.8		0.77	0.88
Property Plant And Equipment Gross	0.91	0.69	0.94	0.97	0.95	0.95	0.92	0.89	0.36	-0.24	0.6	0.88	0.92	-0.26	0.65	0.74	0.67	-0.54	-0.18	-0.55	0.79	-0.22	0.51	0.77		0.93
Intangible Assets	0.99	0.77	0.98	0.97	0.94	0.98	1.0	0.96	0.5	-0.32	0.79	0.97	0.98	-0.3	0.84	0.87	0.85	-0.48	0.02	-0.49	0.9	-0.34	0.75	0.88	0.93

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Pollard Banknote Account Relationship Matchups

Pollard Banknote fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	352.3M	404.6M	461.4M	499.3M	515.7M	541.5M
Other Current Liab	3.3M	9.5M	4.5M	3.6M	10.7M	11.2M
Total Current Liabilities	53.4M	70.9M	91.0M	105.0M	101.4M	106.5M
Total Stockholder Equity	123.3M	142.4M	207.0M	251.9M	274.8M	288.5M
Retained Earnings	8.9M	30.8M	58.7M	93.2M	119.6M	125.6M
Accounts Payable	45.1M	51.0M	77.9M	94.5M	82.6M	86.7M
Non Current Assets Total	219.6M	263.9M	308.2M	314.3M	332.5M	349.1M
Net Receivables	62.4M	65.2M	77.8M	84.2M	85.2M	89.5M
Common Stock Shares Outstanding	25.9M	26.0M	27.1M	27.2M	27.4M	23.0M
Liabilities And Stockholders Equity	352.3M	404.6M	461.4M	499.3M	515.7M	541.5M
Other Stockholder Equity	5.7M	2.6M	(1.6M)	8.9M	8.0M	7.6M
Total Liab	229.0M	262.2M	254.4M	247.3M	240.9M	142.7M
Total Current Assets	132.6M	140.6M	153.2M	184.9M	183.2M	192.4M
Other Current Assets	20.2M	26.1M	26.8M	42.0M	36.5M	38.4M
Accumulated Other Comprehensive Income	5.7M	2.6M	(1.6M)	8.9M	4.5M	4.7M
Short Term Debt	4.4M	5.1M	6.2M	6.1M	4.7M	6.5M
Short Long Term Debt Total	143.2M	148.0M	131.7M	135.3M	137.2M	110.6M
Property Plant And Equipment Net	91.9M	96.4M	104.6M	100.6M	100.5M	67.5M
Net Debt	135.8M	146.1M	128.2M	133.8M	133.9M	104.5M
Cash	7.4M	1.9M	3.5M	1.5M	3.3M	4.4M
Non Currrent Assets Other	195.0M	219.6M	584K	1.5M	7.8M	7.4M
Cash And Short Term Investments	7.4M	1.9M	3.5M	1.5M	3.3M	4.4M
Good Will	70.0M	89.3M	108.2M	111.2M	111.0M	63.9M
Non Current Liabilities Total	175.6M	191.3M	163.5M	142.3M	139.5M	129.1M
Inventory	42.5M	46.6M	45.0M	62.1M	60.5M	37.3M
Property Plant And Equipment Gross	91.9M	96.4M	301.5M	321.4M	323.8M	339.9M
Intangible Assets	54.2M	74.1M	94.3M	99.5M	103.9M	109.1M
Common Stock	108.6M	108.6M	109.0M	149.8M	150.7M	111.5M
Other Liab	36.7M	48.4M	37.9M	13.1M	15.1M	27.2M
Net Tangible Assets	(471K)	(20.7M)	4.7M	41.4M	47.6M	50.0M
Other Assets	2.8M	3.5M	789K	2.1M	(1.0)	(0.95)
Long Term Debt	127.3M	131.1M	115.1M	121.7M	119.7M	113.0M
Deferred Long Term Liab	445K	325K	205K	85K	76.5K	72.7K
Long Term Investments	1.2M	881K	585K	549K	518K	744.8K
Property Plant Equipment	91.9M	96.4M	104.6M	100.6M	115.7M	75.5M
Long Term Debt Total	138.8M	142.9M	125.5M	129.2M	148.6M	124.3M

Pair Trading with Pollard Banknote

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 Pollard Banknote 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 Pollard Banknote will appreciate offsetting losses from the drop in the long position's value.

Moving against Pollard Stock

0.38

SCD

Scandium Canada

Pair Corr

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

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

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

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Pollard Net Income vs Change To Netincome Analysis

Net Income vs Change To Netincome

Net Income vs Change To Netincome Correlation Analysis

Correlation Coefficient

Net Income

Change To Netincome

Pollard Banknote fundamental ratios Correlations

Pollard Banknote Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pollard Banknote fundamental ratios Accounts

Pair Trading with Pollard Banknote

Moving against Pollard Stock

Other Information on Investing in Pollard Stock

COMMON DESTINATIONS

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COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Intangible Assets	+ 1.0	Non Current Assets Total
Net Debt	+ 1.0	Short Long Term Debt Total
Cash And Short Term Investments	+ 1.0	Cash
Total Current Liabilities	+ 0.99	Total Assets
Total Current Assets	+ 0.99	Total Assets

Short Term Investments	- 0.95	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.61	Common Stock Shares Outstanding
Short Term Investments	- 0.58	Total Liab
Property Plant And Equipment Gross	- 0.55	Cash And Short Term Investments
Cash And Short Term Investments	- 0.55	Retained Earnings
Cash	- 0.55	Retained Earnings