Auxly Price To Sales Ratio vs Free Cash Flow Yield Analysis
XLY Stock | CAD 0.04 0.01 16.67% |
Auxly Cannabis financial indicator trend analysis is way more than just evaluating Auxly Cannabis Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Auxly Cannabis Group is a good investment. Please check the relationship between Auxly Cannabis Price To Sales Ratio and its Free Cash Flow Yield accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Auxly Cannabis Group. 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.
Price To Sales Ratio vs Free Cash Flow Yield
Price To Sales Ratio vs Free Cash Flow Yield Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Auxly Cannabis Group Price To Sales Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have no relationship.
The correlation between Auxly Cannabis' Price To Sales Ratio and Free Cash Flow Yield is 0.04. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Auxly Cannabis Group, assuming nothing else is changed. The correlation between historical values of Auxly Cannabis' Price To Sales Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Price To Sales Ratio of Auxly Cannabis Group are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Price To Sales Ratio i.e., Auxly Cannabis' Price To Sales Ratio and Free Cash Flow Yield go up and down completely randomly.
Correlation Coefficient | 0.04 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Auxly Cannabis Group stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Auxly Cannabis sales, a figure that is much harder to manipulate than other Auxly Cannabis Group multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.Most indicators from Auxly Cannabis' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Auxly Cannabis Group 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Auxly Cannabis Group. 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 15th of December 2024, Discontinued Operations is likely to grow to about 14.7 M, while Selling General Administrative is likely to drop about 19.5 M.
2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 83.8M | 94.5M | 101.1M | 106.1M | Interest Expense | 17.7M | 21.6M | 25.7M | 26.9M |
Auxly Cannabis fundamental ratios Correlations
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Auxly Cannabis Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Auxly Cannabis fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 411.6M | 379.0M | 450.4M | 331.8M | 261.9M | 275.0M | |
Short Long Term Debt Total | 99.7M | 124.7M | 190.1M | 193.6M | 159.0M | 96.5M | |
Other Current Liab | 1.4M | 7.4M | 1.3M | 712K | 492.0K | 579.8K | |
Total Current Liabilities | 29.9M | 45.0M | 53.7M | 92.7M | 107.0M | 112.3M | |
Total Stockholder Equity | 264.3M | 195.9M | 212.5M | 90.4M | 51.0M | 44.7M | |
Net Debt | 55.6M | 103.5M | 175.4M | 179.0M | 142.9M | 150.0M | |
Retained Earnings | (189.3M) | (274.7M) | (308.5M) | (438.8M) | (483.3M) | (459.1M) | |
Accounts Payable | 20.2M | 27.2M | 30.6M | 33.0M | 41.3M | 43.4M | |
Cash | 44.1M | 21.2M | 14.8M | 14.6M | 16.2M | 15.4M | |
Non Current Assets Total | 320.0M | 287.1M | 330.4M | 241.9M | 195.9M | 205.7M | |
Cash And Short Term Investments | 44.4M | 21.5M | 14.9M | 14.8M | 16.3M | 15.6M | |
Net Receivables | 15.6M | 13.5M | 31.2M | 17.5M | 16.7M | 17.6M | |
Common Stock Shares Outstanding | 596.4M | 631.5M | 783.4M | 889.9M | 991.0M | 1.0B | |
Liabilities And Stockholders Equity | 411.6M | 379.0M | 450.4M | 331.8M | 261.9M | 275.0M | |
Non Current Liabilities Total | 119.8M | 142.4M | 188.7M | 153.4M | 103.9M | 80.0M | |
Total Liab | 149.7M | 187.4M | 242.3M | 246.1M | 210.9M | 221.4M | |
Total Current Assets | 91.6M | 91.9M | 120.0M | 89.9M | 66.0M | 33.6M | |
Short Term Debt | 3.9M | 4.7M | 21.5M | 58.9M | 65.2M | 68.4M | |
Common Stock | 384.4M | 394.6M | 436.5M | 444.8M | 446.6M | 468.9M | |
Other Current Assets | 230K | 12.7M | 14.9M | 3.1M | 1.5M | 2.0M | |
Other Stockholder Equity | 38.9M | 41.6M | 44.9M | (30.5M) | 39.5M | 41.5M | |
Non Currrent Assets Other | 15.6M | 1.8M | 1.6M | 87K | 6.0M | 5.7M | |
Short Term Investments | 306K | 286K | 140K | 143K | 128.7K | 122.3K | |
Property Plant And Equipment Net | 85.2M | 95.4M | 226.5M | 195.3M | 159.0M | 109.1M | |
Inventory | 27.1M | 44.2M | 58.9M | 54.5M | 31.4M | 30.3M | |
Accumulated Other Comprehensive Income | 69.1M | 76.1M | 84.5M | 84.4M | 48.3M | 52.4M | |
Long Term Debt | 90.9M | 110.5M | 151.4M | 119.8M | 81.4M | 91.7M | |
Long Term Debt Total | 95.8M | 119.9M | 168.6M | 134.7M | 154.9M | 99.3M | |
Cash And Equivalents | 44.1M | 21.2M | 14.8M | 14.6M | 13.2M | 12.5M | |
Intangible Assets | 77.4M | 74.3M | 74.2M | 45.5M | 29.9M | 57.7M | |
Property Plant Equipment | 85.2M | 95.4M | 226.5M | 195.3M | 224.6M | 235.8M | |
Other Liab | 19.0M | 23.6M | 22.5M | 20.0M | 23.1M | 19.7M | |
Net Tangible Assets | 195.8M | 158.2M | 93.1M | 114.0M | 131.1M | 129.9M | |
Net Invested Capital | 357.8M | 309.7M | 381.3M | 264.9M | 193.8M | 314.5M | |
Long Term Investments | 112.7M | 87.1M | 3.9M | 1.1M | 1.1M | 1.0M | |
Net Working Capital | 61.7M | 46.9M | 66.3M | (2.8M) | (39.0M) | (37.0M) | |
Current Deferred Revenue | 4.3M | 5.7M | 295K | 1.0 | 0.9 | 0.86 | |
Capital Stock | 384.4M | 394.6M | 436.5M | 444.8M | 446.6M | 450.5M |
Pair Trading with Auxly Cannabis
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 Auxly Cannabis 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 Auxly Cannabis will appreciate offsetting losses from the drop in the long position's value.Moving against Auxly Stock
The ability to find closely correlated positions to Auxly Cannabis could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Auxly Cannabis 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 Auxly Cannabis - 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 Auxly Cannabis Group to buy it.
The correlation of Auxly Cannabis 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 Auxly Cannabis moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Auxly Cannabis Group 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 Auxly Cannabis 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 Auxly Stock
Balance Sheet is a snapshot of the financial position of Auxly Cannabis Group at a specified time, usually calculated after every quarter, six months, or one year. Auxly Cannabis Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Auxly Cannabis 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 Auxly currently owns. An asset can also be divided into two categories, current and non-current.