Acceleware Other Current Assets vs Total Liab Analysis
AXE Stock | CAD 0.12 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 Other Current Assets and its Total Liab 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.
Other Current Assets vs Total Liab
Other Current Assets vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Acceleware Other Current Assets account and Total Liab. At this time, the significance of the direction appears to have weak relationship.
The correlation between Acceleware's Other Current Assets and Total Liab is 0.32. Overlapping area represents the amount of variation of Other Current Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of Acceleware, assuming nothing else is changed. The correlation between historical values of Acceleware's Other Current Assets and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Assets of Acceleware are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Other Current Assets i.e., Acceleware's Other Current Assets and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.32 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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
0.57 | 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 CEOs Directory module to screen CEOs from public companies around the world.
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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