Acceleware Invested Capital vs Pb Ratio Analysis
AXE Stock | CAD 0.14 0.00 0.00% |
Acceleware financial indicator trend analysis is way more than just evaluating Acceleware prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Acceleware is a good investment. Please check the relationship between Acceleware Invested Capital and its Pb Ratio accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acceleware. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Invested Capital vs Pb Ratio
Invested Capital vs Pb Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acceleware Invested Capital account and Pb Ratio. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Acceleware's Invested Capital and Pb Ratio is 0.59. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Pb Ratio in the same time period over historical financial statements of Acceleware, assuming nothing else is changed. The correlation between historical values of Acceleware's Invested Capital and Pb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Invested Capital of Acceleware are associated (or correlated) with its Pb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Pb Ratio has no effect on the direction of Invested Capital i.e., Acceleware's Invested Capital and Pb Ratio go up and down completely randomly.
Correlation Coefficient | 0.59 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Invested Capital
Invested capital represents the total cash investment that shareholders and debt holders have contributed to Acceleware. There are two different methods for calculating Acceleware invested capital: operating approach and financing approach. Understanding Acceleware invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.Pb Ratio
Most indicators from Acceleware's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Acceleware 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 Acceleware. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. At this time, Acceleware's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 6.78 in 2024, whereas Enterprise Value Over EBITDA is likely to drop (5.20) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 711.2K | 309.5K | 241.2K | 229.2K | Total Revenue | 752.8K | 328.3K | 279.0K | 265.1K |
Acceleware fundamental ratios Correlations
Click cells to compare fundamentals
Acceleware Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Acceleware fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 6.5M | 3.9M | 5.4M | 2.5M | 1.5M | 1.4M | |
Total Current Liabilities | 5.3M | 3.7M | 6.1M | 3.1M | 3.2M | 2.1M | |
Total Stockholder Equity | 1.1M | (667.4K) | (4.1M) | (7.2M) | (8.0M) | (7.6M) | |
Net Debt | (4.2M) | (1.8M) | (1.6M) | 201.9K | 1.5M | 1.6M | |
Retained Earnings | (29.0M) | (31.1M) | (35.2M) | (40.3M) | (42.3M) | (40.2M) | |
Accounts Payable | 155.8K | 295.7K | 3.7M | 1.3M | 730.5K | 709.5K | |
Cash | 4.4M | 1.9M | 1.9M | 1.1M | 951.6K | 1.7M | |
Non Current Assets Total | 164.1K | 173.6K | 154.9K | 84.1K | 254.0K | 305.1K | |
Cash And Short Term Investments | 4.4M | 1.9M | 1.9M | 1.1M | 951.6K | 1.7M | |
Net Receivables | 1.9M | 1.2M | 3.0M | 1.0M | 280.6K | 266.6K | |
Common Stock Shares Outstanding | 104.5M | 105.5M | 106.6M | 109.3M | 116.9M | 75.8M | |
Liabilities And Stockholders Equity | 6.5M | 3.9M | 5.4M | 2.5M | 1.5M | 1.4M | |
Total Liab | 5.4M | 4.5M | 9.5M | 9.7M | 9.5M | 10.0M | |
Total Current Assets | 6.4M | 3.7M | 5.2M | 2.4M | 1.3M | 1.2M | |
Accumulated Other Comprehensive Income | 7.9M | 8.0M | 7.9M | 8.6M | 675.2K | 641.4K | |
Property Plant And Equipment Net | 164.1K | 173.6K | 154.9K | 84.1K | 49.7K | 47.2K | |
Current Deferred Revenue | 553.1K | 2.6M | 829.3K | 967.5K | 79.1K | 75.2K | |
Non Currrent Assets Other | 207.6K | 197.9K | 164.1K | 206.7K | 204.3K | 227.6K | |
Short Long Term Debt Total | 155.3K | 173.9K | 344.4K | 1.3M | 2.5M | 2.6M | |
Other Current Liab | 4.5M | 710.4K | 1.5M | 742.1K | 1.5M | 1.3M | |
Short Term Debt | 115.6K | 54.0K | 27.9K | 30.2K | 976.7K | 1.0M | |
Non Current Liabilities Total | 39.8K | 869.9K | 3.4M | 6.6M | 6.2M | 6.6M | |
Net Tangible Assets | 2.2M | 1.1M | (667.4K) | (4.1M) | (3.7M) | (3.5M) | |
Common Stock | 22.3M | 22.4M | 23.2M | 24.5M | 25.3M | 22.9M | |
Property Plant Equipment | 197.9K | 164.1K | 173.6K | 154.9K | 178.1K | 170.5K | |
Capital Lease Obligations | 155.3K | 173.9K | 344.4K | 91.4K | 105.1K | 187.9K | |
Net Invested Capital | 1.1M | (667.4K) | (4.1M) | (5.9M) | (5.6M) | (5.3M) | |
Net Working Capital | 1.0M | 28.9K | (911.3K) | (635.6K) | (2.0M) | (1.9M) | |
Capital Stock | 22.3M | 22.4M | 23.2M | 24.5M | 25.3M | 25.6M |
Pair Trading with Acceleware
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 Acceleware 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 Acceleware will appreciate offsetting losses from the drop in the long position's value.Moving against Acceleware Stock
0.48 | BHC | Bausch Health Companies | PairCorr |
0.43 | THRM | Therma Bright | PairCorr |
The ability to find closely correlated positions to Acceleware could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acceleware 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 Acceleware - 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 Acceleware to buy it.
The correlation of Acceleware 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 Acceleware moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acceleware 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 Acceleware 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 Acceleware. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Acceleware Stock analysis
When running Acceleware's price analysis, check to measure Acceleware'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 Acceleware is operating at the current time. Most of Acceleware's value examination focuses on studying past and present price action to predict the probability of Acceleware's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acceleware's price. Additionally, you may evaluate how the addition of Acceleware to your portfolios can decrease your overall portfolio volatility.
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