Air Net Interest Income vs Interest Income Analysis
AC Stock | CAD 18.81 0.21 1.10% |
Air Canada financial indicator trend analysis is way more than just evaluating Air Canada prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Air Canada is a good investment. Please check the relationship between Air Canada Net Interest Income and its Interest Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Net Interest Income vs Interest Income
Net Interest Income vs Interest Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Air Canada Net Interest Income account and Interest Income. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Air Canada's Net Interest Income and Interest Income is -0.05. Overlapping area represents the amount of variation of Net Interest Income that can explain the historical movement of Interest Income in the same time period over historical financial statements of Air Canada, assuming nothing else is changed. The correlation between historical values of Air Canada's Net Interest Income and Interest Income 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 Interest Income of Air Canada are associated (or correlated) with its Interest Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Income has no effect on the direction of Net Interest Income i.e., Air Canada's Net Interest Income and Interest Income go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Net Interest Income
The difference between the revenue generated from a bank's interest-bearing assets and the expenses associated with paying its interest-bearing liabilities.Interest Income
Income earned from the investment of cash or from lending money to others, including interest from bank accounts, bonds, or other interest-bearing investments.Most indicators from Air Canada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Air Canada 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. At this time, Air Canada's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 16th of May 2024, Enterprise Value Multiple is likely to grow to 4.75, while Selling General Administrative is likely to drop about 1.1 B.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 732M | 896M | 930M | 976.5M | Depreciation And Amortization | 1.9B | 1.6B | 1.9B | 2.0B |
Air Canada fundamental ratios Correlations
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Air Canada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Air Canada fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 27.8B | 28.9B | 30.6B | 29.5B | 30.2B | 17.0B | |
Short Long Term Debt Total | 9.2B | 13.0B | 16.5B | 16.3B | 18.8B | 19.7B | |
Other Current Liab | 4.1B | 2.5B | 2.6B | 2.7B | 3.1B | 2.3B | |
Total Current Liabilities | 7.8B | 7.1B | 6.9B | 9.4B | 10.0B | 10.5B | |
Total Stockholder Equity | 4.4B | 1.7B | 9M | (1.6B) | 796M | 835.8M | |
Property Plant And Equipment Net | 12.8B | 12.1B | 11.7B | 12.0B | 11.9B | 8.1B | |
Net Debt | 7.2B | 9.3B | 12.3B | 13.6B | 8.5B | 5.4B | |
Retained Earnings | 3.5B | (494M) | (2.8B) | (4.4B) | (2.0B) | (2.1B) | |
Cash | 2.1B | 3.7B | 4.2B | 2.7B | 2.8B | 1.5B | |
Non Current Assets Total | 20.2B | 20.2B | 20.6B | 19.8B | 19.9B | 11.9B | |
Non Currrent Assets Other | 2.4B | 3.1B | 3.8B | 2.6B | 89M | 84.6M | |
Cash And Short Term Investments | 5.9B | 7.5B | 8.8B | 8.0B | 9.2B | 9.6B | |
Net Receivables | 926M | 644M | 691M | 1.0B | 1.1B | 810.4M | |
Liabilities And Stockholders Equity | 27.8B | 28.9B | 30.6B | 29.5B | 33.9B | 35.6B | |
Non Current Liabilities Total | 15.6B | 20.1B | 23.7B | 21.7B | 19.4B | 11.7B | |
Inventory | 212M | 166M | 224M | 318M | 337M | 221.3M | |
Other Current Assets | 489M | 360M | 336M | 322M | 251M | 455.1M | |
Total Liab | 23.4B | 27.2B | 30.6B | 31.1B | 29.4B | 16.7B | |
Property Plant And Equipment Gross | 12.8B | 12.1B | 22.5B | 23.6B | 24.4B | 25.6B | |
Total Current Assets | 7.5B | 8.7B | 10.1B | 9.7B | 10.3B | 5.1B | |
Short Term Debt | 1.2B | 1.8B | 1.0B | 1.3B | 1.5B | 1.5B | |
Accounts Payable | 2.5B | 2.1B | 2.4B | 2.6B | 2.9B | 1.9B | |
Accumulated Other Comprehensive Income | 25M | (39M) | (45M) | (46M) | (52.9M) | (55.5M) | |
Short Term Investments | 3.8B | 3.8B | 4.6B | 5.3B | 5.7B | 6.0B | |
Current Deferred Revenue | 4.1B | 2.9B | 3.3B | 5.4B | 6.2B | 6.5B | |
Intangible Assets | 1.0B | 1.1B | 1.1B | 1.1B | 1.1B | 671.8M | |
Common Stock Total Equity | 799M | 798M | 785M | 2.2B | 2.5B | 2.6B | |
Common Stock | 785M | 2.2B | 2.7B | 2.7B | 3.2B | 3.3B | |
Other Liab | 7.6B | 8.9B | 8.2B | 6.7B | 7.7B | 5.9B | |
Net Tangible Assets | 125M | (2.7B) | (4.3B) | (5.9B) | (5.3B) | (5.0B) | |
Other Assets | 3.5B | 3.9B | 4.4B | 3.6B | 4.1B | 3.1B | |
Long Term Debt | 8.0B | 8.1B | 15.5B | 15.0B | 11.0B | 9.2B | |
Short Long Term Debt | 587M | 1.2B | 511M | 713M | 359M | 341.1M | |
Property Plant Equipment | 11.8B | 11.4B | 11.2B | 12.0B | 13.7B | 10.0B | |
Long Term Debt Total | 8.0B | 11.2B | 15.5B | 15.0B | 17.3B | 10.4B | |
Long Term Investments | 638M | 570M | 653M | 887M | 820M | 679.9M |
Pair Trading with Air Canada
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 Air Canada 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 Air Canada will appreciate offsetting losses from the drop in the long position's value.Moving against Air Stock
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The ability to find closely correlated positions to Air Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Canada 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 Air Canada - 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 Air Canada to buy it.
The correlation of Air Canada 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 Air Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Canada 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 Air Canada 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Air Stock analysis
When running Air Canada's price analysis, check to measure Air Canada'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 Air Canada is operating at the current time. Most of Air Canada's value examination focuses on studying past and present price action to predict the probability of Air Canada's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Air Canada's price. Additionally, you may evaluate how the addition of Air Canada to your portfolios can decrease your overall portfolio volatility.
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