Synex Short Term Debt vs Other Stockholder Equity Analysis

SXI Stock

CAD 1.71 0.03 1.79%

Synex International financial indicator trend analysis is much more than just breaking down Synex International prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Synex International is a good investment. Please check the relationship between Synex International Short Term Debt and its Other Stockholder Equity accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Synex International. 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.

Short Term Debt vs Other Stockholder Equity

Short Term Debt vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Synex International Short Term Debt account and Other Stockholder Equity. At this time, the significance of the direction appears to have no relationship.

The correlation between Synex International's Short Term Debt and Other Stockholder Equity is 0.04. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of Synex International, assuming nothing else is changed. The correlation between historical values of Synex International's Short Term Debt and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Synex International are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Short Term Debt i.e., Synex International's Short Term Debt and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.04

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Short Term Debt

Other Stockholder Equity

Most indicators from Synex International's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Synex International 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Synex International. 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, Synex International's Selling General Administrative is very stable compared to the past year. As of the 1st of December 2024, Sales General And Administrative To Revenue is likely to grow to 0.75, though Tax Provision is likely to grow to (4.1 K).

	2021	2022	2023	2024 (projected)
Gross Profit	3.2M	2.0M	2.2M	2.8M
Total Revenue	3.3M	2.2M	2.7M	2.9M

Gross Profit Total Revenue

Synex International fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Current Deferred Revenue	Good Will
Total Assets		0.91	0.43	0.94	0.9	0.84	0.78	-0.7	0.61	1.0	-0.3	0.61	0.25	0.29	0.28	0.0	0.65	0.67	0.86	-0.07	0.53	0.44	-0.28	0.24	0.28	0.28
Short Long Term Debt Total	0.91		0.39	0.78	0.93	0.96	0.64	-0.49	0.54	0.91	-0.28	0.54	0.31	0.41	0.02	0.11	0.51	0.67	0.98	0.22	0.52	0.39	-0.2	0.43	0.24	0.32
Total Current Liabilities	0.43	0.39		0.43	0.54	0.41	0.34	-0.58	0.28	0.46	-0.5	0.28	-0.36	0.27	0.11	-0.85	0.5	0.04	0.42	-0.24	0.04	1.0	-0.04	0.31	0.51	0.31
Total Stockholder Equity	0.94	0.78	0.43		0.81	0.76	0.89	-0.73	0.72	0.94	-0.25	0.72	0.22	0.23	0.41	-0.04	0.7	0.61	0.76	-0.2	0.6	0.45	-0.32	0.06	0.32	0.47
Property Plant And Equipment Net	0.9	0.93	0.54	0.81		0.93	0.58	-0.53	0.53	0.92	-0.53	0.53	0.1	0.57	0.12	-0.05	0.69	0.5	0.95	0.17	0.43	0.54	-0.01	0.41	0.34	0.39
Net Debt	0.84	0.96	0.41	0.76	0.93		0.62	-0.39	0.53	0.85	-0.36	0.53	0.2	0.54	0.02	0.12	0.51	0.64	0.99	0.33	0.49	0.41	-0.09	0.4	0.29	0.49
Retained Earnings	0.78	0.64	0.34	0.89	0.58	0.62		-0.63	0.77	0.76	0.13	0.77	0.47	-0.16	0.21	-0.02	0.53	0.58	0.6	-0.42	0.75	0.36	-0.69	-0.02	0.12	0.5
Accounts Payable	-0.7	-0.49	-0.58	-0.73	-0.53	-0.39	-0.63		-0.52	-0.69	0.26	-0.52	0.0	0.01	-0.39	0.42	-0.68	-0.35	-0.4	0.53	-0.34	-0.6	0.31	0.03	-0.5	-0.23
Cash	0.61	0.54	0.28	0.72	0.53	0.53	0.77	-0.52		0.57	0.15	1.0	0.54	-0.02	0.13	0.03	0.54	0.21	0.54	-0.2	0.93	0.3	-0.41	0.05	0.25	0.68
Non Current Assets Total	1.0	0.91	0.46	0.94	0.92	0.85	0.76	-0.69	0.57		-0.36	0.57	0.18	0.35	0.31	-0.02	0.65	0.68	0.87	-0.04	0.48	0.47	-0.23	0.24	0.3	0.3
Non Currrent Assets Other	-0.3	-0.28	-0.5	-0.25	-0.53	-0.36	0.13	0.26	0.15	-0.36		0.15	0.68	-0.83	-0.22	0.32	-0.55	0.02	-0.38	-0.27	0.36	-0.49	-0.66	-0.2	-0.49	-0.1
Cash And Short Term Investments	0.61	0.54	0.28	0.72	0.53	0.53	0.77	-0.52	1.0	0.57	0.15		0.54	-0.02	0.13	0.03	0.54	0.21	0.54	-0.2	0.93	0.3	-0.41	0.05	0.25	0.68
Net Receivables	0.25	0.31	-0.36	0.22	0.1	0.2	0.47	0.0	0.54	0.18	0.68	0.54		-0.46	-0.35	0.5	-0.02	0.25	0.22	-0.15	0.8	-0.35	-0.68	0.22	-0.23	0.03
Common Stock Total Equity	0.29	0.41	0.27	0.23	0.57	0.54	-0.16	0.01	-0.02	0.35	-0.83	-0.02	-0.46		0.15	0.04	0.35	0.11	0.56	0.7	-0.16	0.27	0.76	0.35	0.49	0.26
Common Stock Shares Outstanding	0.28	0.02	0.11	0.41	0.12	0.02	0.21	-0.39	0.13	0.31	-0.22	0.13	-0.35	0.15		-0.11	0.3	0.15	0.02	-0.14	-0.08	0.13	0.16	-0.37	0.24	0.09
Non Current Liabilities Total	0.0	0.11	-0.85	-0.04	-0.05	0.12	-0.02	0.42	0.03	-0.02	0.32	0.03	0.5	0.04	-0.11		-0.23	0.29	0.11	0.46	0.26	-0.85	0.02	-0.11	-0.37	-0.02
Other Current Assets	0.65	0.51	0.5	0.7	0.69	0.51	0.53	-0.68	0.54	0.65	-0.55	0.54	-0.02	0.35	0.3	-0.23		0.06	0.53	-0.29	0.4	0.51	-0.03	-0.02	0.55	0.41
Other Stockholder Equity	0.67	0.67	0.04	0.61	0.5	0.64	0.58	-0.35	0.21	0.68	0.02	0.21	0.25	0.11	0.15	0.29	0.06		0.61	0.1	0.26	0.04	-0.34	0.2	-0.02	0.07
Total Liab	0.86	0.98	0.42	0.76	0.95	0.99	0.6	-0.4	0.54	0.87	-0.38	0.54	0.22	0.56	0.02	0.11	0.53	0.61		0.33	0.5	0.42	-0.07	0.45	0.29	0.44
Property Plant And Equipment Gross	-0.07	0.22	-0.24	-0.2	0.17	0.33	-0.42	0.53	-0.2	-0.04	-0.27	-0.2	-0.15	0.7	-0.14	0.46	-0.29	0.1	0.33		-0.19	-0.25	0.65	0.33	0.05	0.07
Total Current Assets	0.53	0.52	0.04	0.6	0.43	0.49	0.75	-0.34	0.93	0.48	0.36	0.93	0.8	-0.16	-0.08	0.26	0.4	0.26	0.5	-0.19		0.06	-0.56	0.14	0.1	0.53
Short Term Debt	0.44	0.39	1.0	0.45	0.54	0.41	0.36	-0.6	0.3	0.47	-0.49	0.3	-0.35	0.27	0.13	-0.85	0.51	0.04	0.42	-0.25	0.06		-0.05	0.29	0.52	0.33
Common Stock	-0.28	-0.2	-0.04	-0.32	-0.01	-0.09	-0.69	0.31	-0.41	-0.23	-0.66	-0.41	-0.68	0.76	0.16	0.02	-0.03	-0.34	-0.07	0.65	-0.56	-0.05		0.07	0.28	-0.04
Other Current Liab	0.24	0.43	0.31	0.06	0.41	0.4	-0.02	0.03	0.05	0.24	-0.2	0.05	0.22	0.35	-0.37	-0.11	-0.02	0.2	0.45	0.33	0.14	0.29	0.07		0.26	-0.21
Current Deferred Revenue	0.28	0.24	0.51	0.32	0.34	0.29	0.12	-0.5	0.25	0.3	-0.49	0.25	-0.23	0.49	0.24	-0.37	0.55	-0.02	0.29	0.05	0.1	0.52	0.28	0.26		0.2
Good Will	0.28	0.32	0.31	0.47	0.39	0.49	0.5	-0.23	0.68	0.3	-0.1	0.68	0.03	0.26	0.09	-0.02	0.41	0.07	0.44	0.07	0.53	0.33	-0.04	-0.21	0.2

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Synex International Account Relationship Matchups

Synex International fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	21.8M	23.1M	21.7M	19.8M	18.7M	23.8M
Short Long Term Debt Total	13.3M	15.4M	14.6M	13.7M	13.1M	13.6M
Total Current Liabilities	11.6M	1.5M	1.7M	1.5M	1.7M	1.7M
Total Stockholder Equity	5.9M	5.1M	4.5M	3.5M	2.9M	2.7M
Property Plant And Equipment Net	19.9M	19.2M	18.5M	17.9M	17.1M	16.3M
Net Debt	12.4M	14.4M	14.0M	13.4M	13.0M	10.6M
Retained Earnings	(10.1M)	(11.0M)	(11.7M)	(13.4M)	(14.6M)	(13.9M)
Accounts Payable	381.1K	403.9K	618.8K	729.8K	759.6K	387.0K
Cash	859.9K	1.1M	625.9K	318.7K	117.4K	111.5K
Non Current Assets Total	20.5M	21.2M	20.5M	19.3M	18.2M	21.7M
Non Currrent Assets Other	481.7K	1.8M	1.8M	1.2M	933.5K	1.8M
Cash And Short Term Investments	859.9K	1.1M	625.9K	318.7K	117.4K	111.5K
Net Receivables	254.2K	829.1K	538.8K	132.0K	363.0K	618.5K
Common Stock Shares Outstanding	3.9M	3.9M	4.0M	4.0M	4.6M	5.4M
Liabilities And Stockholders Equity	21.8M	23.1M	21.7M	19.8M	18.7M	23.8M
Non Current Liabilities Total	3.7M	16.0M	15.0M	14.3M	13.7M	9.7M
Other Current Assets	186.9K	62.4K	84.0K	9.6K	50.2K	47.7K
Other Stockholder Equity	(19.3M)	442.0K	(4.1M)	397.8K	457.4K	434.6K
Total Liab	15.2M	17.5M	16.7M	15.9M	15.5M	13.3M
Property Plant And Equipment Gross	19.9M	33.5M	33.8M	34.1M	34.2M	18.8M
Total Current Assets	1.3M	2.0M	1.2M	460.3K	530.6K	504.1K
Accumulated Other Comprehensive Income	388.6K	(13.4M)	442.0K	397.8K	358.0K	375.9K
Short Term Debt	10.9M	829.6K	878.5K	635.2K	487.9K	463.5K
Common Stock	15.6M	15.6M	15.8M	16.5M	17.1M	12.0M
Other Current Liab	139.7K	336.7K	83.9K	99.2K	389.6K	233.8K
Other Liab	1.3M	1.3M	1.3M	1.3M	1.1M	1.2M
Net Tangible Assets	5.9M	5.1M	4.5M	3.5M	3.1M	3.0M
Other Assets	481.7K	1.8M	1.0	1.2M	1.1M	1.0M
Long Term Debt	2.4M	14.6M	13.7M	13.1M	12.6M	9.2M
Long Term Investments	112.2K	134.1K	172.2K	184.5K	175.3K	166.6K
Short Long Term Debt	10.9M	829.6K	878.5K	635.2K	487.9K	463.5K
Property Plant Equipment	19.9M	19.2M	18.6M	17.9M	16.1M	17.9M
Long Term Debt Total	2.4M	14.6M	13.7M	13.1M	15.0M	9.6M
Net Invested Capital	19.1M	20.5M	19.2M	17.2M	16.0M	17.2M
Net Working Capital	(10.3M)	461.0K	(435.0K)	(1.1M)	(1.2M)	(1.3M)
Capital Stock	15.6M	15.6M	15.8M	16.5M	17.1M	17.6M

Pair Trading with Synex International

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 Synex International 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 Synex International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Synex Stock

0.64

ELF-PH

E L Financial

Pair Corr

Moving against Synex Stock

0.82	FFH-PD	Fairfax Financial	Pair Corr
0.79	FFH	Fairfax Financial	Pair Corr
0.74	ELF	E L Financial	Pair Corr
0.72	TPX-B	Molson Coors Canada	Pair Corr
0.68	FFH-PM	Fairfax Financial	Pair Corr

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

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

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

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Synex Short Term Debt vs Other Stockholder Equity Analysis

Short Term Debt vs Other Stockholder Equity

Short Term Debt vs Other Stockholder Equity Correlation Analysis

Correlation Coefficient

Short Term Debt

Other Stockholder Equity

Synex International fundamental ratios Correlations

Synex International Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Synex International fundamental ratios Accounts

Pair Trading with Synex International

Moving together with Synex Stock

Moving against Synex Stock

Other Information on Investing in Synex Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Short Term Debt	+ 1.0	Total Current Liabilities
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Net Debt
Total Liab	+ 0.98	Short Long Term Debt Total
Net Debt	+ 0.96	Short Long Term Debt Total

Short Term Debt	- 0.85	Non Current Liabilities Total
Non Current Liabilities Total	- 0.85	Total Current Liabilities
Common Stock Total Equity	- 0.83	Non Currrent Assets Other
Accounts Payable	- 0.73	Total Stockholder Equity
Accounts Payable	- 0.7	Total Assets
Non Current Assets Total	- 0.69	Accounts Payable