Auxly Total Assets vs Non Currrent Assets Other 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 Total Assets and its Non Currrent Assets Other 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.

Total Assets vs Non Currrent Assets Other

Total Assets vs Non Currrent Assets Other Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Auxly Cannabis Group Total Assets account and Non Currrent Assets Other. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Auxly Cannabis' Total Assets and Non Currrent Assets Other is -0.06. Overlapping area represents the amount of variation of Total Assets that can explain the historical movement of Non Currrent Assets Other 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' Total Assets and Non Currrent Assets Other is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Assets of Auxly Cannabis Group are associated (or correlated) with its Non Currrent Assets Other. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Currrent Assets Other has no effect on the direction of Total Assets i.e., Auxly Cannabis' Total Assets and Non Currrent Assets Other go up and down completely randomly.

Correlation Coefficient

-0.06
Relationship DirectionNegative 
Relationship StrengthInsignificant

Total Assets

Total assets refers to the total amount of Auxly Cannabis 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 Auxly Cannabis Group 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.

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.
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 Revenue83.8M94.5M101.1M106.1M
Interest Expense17.7M21.6M25.7M26.9M

Auxly Cannabis fundamental ratios Correlations

0.850.570.640.90.44-0.70.810.560.970.560.940.830.950.890.860.40.930.640.54-0.06-0.630.750.770.560.94
0.850.370.820.580.76-0.880.890.190.890.190.890.90.950.960.620.680.920.670.38-0.25-0.760.970.940.190.89
0.570.370.170.610.12-0.250.350.330.560.330.380.320.540.420.51-0.090.450.670.43-0.09-0.320.230.430.330.53
0.640.820.170.260.79-0.980.960.060.690.060.70.960.70.90.360.950.880.350.41-0.21-0.750.830.760.050.8
0.90.580.610.260.05-0.320.490.730.820.730.780.510.780.610.91-0.010.680.530.470.06-0.340.440.490.740.74
0.440.760.120.790.05-0.850.75-0.440.61-0.440.520.760.640.760.00.780.670.540.37-0.28-0.820.870.87-0.450.61
-0.7-0.88-0.25-0.98-0.32-0.85-0.97-0.02-0.77-0.02-0.74-0.97-0.78-0.94-0.37-0.91-0.91-0.46-0.460.250.8-0.89-0.850.0-0.85
0.810.890.350.960.490.75-0.970.220.840.220.841.00.840.970.540.840.970.510.56-0.2-0.770.860.830.20.92
0.560.190.330.060.73-0.44-0.020.220.341.00.490.210.340.240.87-0.110.340.050.090.170.13-0.01-0.051.00.37
0.970.890.560.690.820.61-0.770.840.340.340.910.870.970.930.720.470.940.680.61-0.1-0.750.830.870.340.96
0.560.190.330.060.73-0.44-0.020.221.00.340.490.210.340.240.87-0.110.340.050.090.170.13-0.01-0.051.00.37
0.940.890.380.70.780.52-0.740.840.490.910.490.850.940.910.810.520.910.660.53-0.06-0.660.830.790.480.88
0.830.90.320.960.510.76-0.971.00.210.870.210.850.860.980.550.840.980.50.54-0.2-0.780.880.850.20.93
0.950.950.540.70.780.64-0.780.840.340.970.340.940.860.940.740.50.930.750.48-0.15-0.740.890.910.340.92
0.890.960.420.90.610.76-0.940.970.240.930.240.910.980.940.630.750.980.630.5-0.18-0.80.930.920.240.94
0.860.620.510.360.910.0-0.370.540.870.720.870.810.550.740.630.130.680.440.280.02-0.250.440.430.870.7
0.40.68-0.090.95-0.010.78-0.910.84-0.110.47-0.110.520.840.50.750.130.710.150.22-0.2-0.660.730.63-0.120.6
0.930.920.450.880.680.67-0.910.970.340.940.340.910.980.930.980.680.710.570.56-0.16-0.760.870.860.330.98
0.640.670.670.350.530.54-0.460.510.050.680.050.660.50.750.630.440.150.570.52-0.28-0.510.670.760.050.56
0.540.380.430.410.470.37-0.460.560.090.610.090.530.540.480.50.280.220.560.520.01-0.490.40.420.080.59
-0.06-0.25-0.09-0.210.06-0.280.25-0.20.17-0.10.17-0.06-0.2-0.15-0.180.02-0.2-0.16-0.280.01-0.22-0.29-0.320.17-0.1
-0.63-0.76-0.32-0.75-0.34-0.820.8-0.770.13-0.750.13-0.66-0.78-0.74-0.8-0.25-0.66-0.76-0.51-0.49-0.22-0.78-0.790.14-0.75
0.750.970.230.830.440.87-0.890.86-0.010.83-0.010.830.880.890.930.440.730.870.670.4-0.29-0.780.96-0.020.81
0.770.940.430.760.490.87-0.850.83-0.050.87-0.050.790.850.910.920.430.630.860.760.42-0.32-0.790.96-0.050.82
0.560.190.330.050.74-0.450.00.21.00.341.00.480.20.340.240.87-0.120.330.050.080.170.14-0.02-0.050.36
0.940.890.530.80.740.61-0.850.920.370.960.370.880.930.920.940.70.60.980.560.59-0.1-0.750.810.820.36
Click cells to compare fundamentals

Auxly Cannabis Account Relationship Matchups

Auxly Cannabis fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets411.6M379.0M450.4M331.8M261.9M275.0M
Short Long Term Debt Total99.7M124.7M190.1M193.6M159.0M96.5M
Other Current Liab1.4M7.4M1.3M712K492.0K579.8K
Total Current Liabilities29.9M45.0M53.7M92.7M107.0M112.3M
Total Stockholder Equity264.3M195.9M212.5M90.4M51.0M44.7M
Net Debt55.6M103.5M175.4M179.0M142.9M150.0M
Retained Earnings(189.3M)(274.7M)(308.5M)(438.8M)(483.3M)(459.1M)
Accounts Payable20.2M27.2M30.6M33.0M41.3M43.4M
Cash44.1M21.2M14.8M14.6M16.2M15.4M
Non Current Assets Total320.0M287.1M330.4M241.9M195.9M205.7M
Cash And Short Term Investments44.4M21.5M14.9M14.8M16.3M15.6M
Net Receivables15.6M13.5M31.2M17.5M16.7M17.6M
Common Stock Shares Outstanding596.4M631.5M783.4M889.9M991.0M1.0B
Liabilities And Stockholders Equity411.6M379.0M450.4M331.8M261.9M275.0M
Non Current Liabilities Total119.8M142.4M188.7M153.4M103.9M80.0M
Total Liab149.7M187.4M242.3M246.1M210.9M221.4M
Total Current Assets91.6M91.9M120.0M89.9M66.0M33.6M
Short Term Debt3.9M4.7M21.5M58.9M65.2M68.4M
Common Stock384.4M394.6M436.5M444.8M446.6M468.9M
Other Current Assets230K12.7M14.9M3.1M1.5M2.0M
Other Stockholder Equity38.9M41.6M44.9M(30.5M)39.5M41.5M
Non Currrent Assets Other15.6M1.8M1.6M87K6.0M5.7M
Short Term Investments306K286K140K143K128.7K122.3K
Property Plant And Equipment Net85.2M95.4M226.5M195.3M159.0M109.1M
Inventory27.1M44.2M58.9M54.5M31.4M30.3M
Accumulated Other Comprehensive Income69.1M76.1M84.5M84.4M48.3M52.4M
Long Term Debt90.9M110.5M151.4M119.8M81.4M91.7M
Long Term Debt Total95.8M119.9M168.6M134.7M154.9M99.3M
Cash And Equivalents44.1M21.2M14.8M14.6M13.2M12.5M
Intangible Assets77.4M74.3M74.2M45.5M29.9M57.7M
Property Plant Equipment85.2M95.4M226.5M195.3M224.6M235.8M
Other Liab19.0M23.6M22.5M20.0M23.1M19.7M
Net Tangible Assets195.8M158.2M93.1M114.0M131.1M129.9M
Net Invested Capital357.8M309.7M381.3M264.9M193.8M314.5M
Long Term Investments112.7M87.1M3.9M1.1M1.1M1.0M
Net Working Capital61.7M46.9M66.3M(2.8M)(39.0M)(37.0M)
Current Deferred Revenue4.3M5.7M295K1.00.90.86
Capital Stock384.4M394.6M436.5M444.8M446.6M450.5M

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

  0.45NZP Chatham Rock PhosphatePairCorr
  0.34MATE Blockmate VenturesPairCorr
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.
Pair CorrelationCorrelation Matching

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.