FPX Invested Capital vs Free Cash Flow Yield Analysis

FPX Stock

CAD 0.31 0.01 3.33%

FPX Nickel financial indicator trend analysis is much more than just examining FPX Nickel Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether FPX Nickel Corp is a good investment. Please check the relationship between FPX Nickel Invested Capital and its Free Cash Flow Yield accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FPX Nickel Corp. 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 Free Cash Flow Yield

Invested Capital vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of FPX Nickel Corp Invested Capital account and Free Cash Flow Yield. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between FPX Nickel's Invested Capital and Free Cash Flow Yield is -0.32. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of FPX Nickel Corp, assuming nothing else is changed. The correlation between historical values of FPX Nickel's Invested Capital 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 Invested Capital of FPX Nickel Corp 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 Invested Capital i.e., FPX Nickel's Invested Capital and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.32

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to FPX Nickel Corp. There are two different methods for calculating FPX Nickel Corp invested capital: operating approach and financing approach. Understanding FPX Nickel invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.

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 FPX Nickel's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into FPX Nickel Corp 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FPX Nickel Corp. 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, FPX Nickel's Selling General Administrative is fairly stable compared to the past year. Enterprise Value is likely to climb to about 48.1 M in 2024, whereas Issuance Of Capital Stock is likely to drop slightly above 10.2 M in 2024.

FPX Nickel fundamental ratios Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Non Currrent Assets Other	Net Tangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Other Assets	Short Long Term Debt Total	Other Liab	Long Term Debt	Non Current Liabilities Total
Total Assets		0.93	0.99	0.97	-0.89	-0.73	0.95	0.98	0.97	0.98	0.68	0.91	0.72	0.32	-0.2	0.98	0.81	0.95	0.99	0.87	0.74	0.58	-0.9	-0.54	-0.71	-0.86
Total Current Liabilities	0.93		0.89	0.94	-0.76	-0.69	0.88	0.88	0.94	0.88	0.55	0.82	0.58	0.15	-0.02	0.88	0.81	0.83	0.9	0.84	0.87	0.59	-0.8	-0.45	-0.6	-0.76
Total Stockholder Equity	0.99	0.89		0.92	-0.95	-0.66	0.97	1.0	0.92	1.0	0.7	0.86	0.74	0.36	-0.36	1.0	0.72	0.97	0.97	0.8	0.67	0.47	-0.92	-0.44	-0.74	-0.88
Property Plant And Equipment Net	0.97	0.94	0.92		-0.77	-0.82	0.88	0.91	1.0	0.91	0.63	0.94	0.68	0.21	0.01	0.91	0.9	0.88	0.97	0.94	0.77	0.71	-0.84	-0.66	-0.66	-0.81
Net Debt	-0.89	-0.76	-0.95	-0.77		0.46	-0.94	-0.96	-0.77	-0.96	-0.66	-0.71	-0.69	-0.43	0.61	-0.97	-0.5	-0.93	-0.86	-0.6	-0.55	-0.24	0.88	0.2	0.73	0.84
Retained Earnings	-0.73	-0.69	-0.66	-0.82	0.46		-0.59	-0.61	-0.82	-0.61	-0.54	-0.94	-0.53	-0.07	-0.24	-0.62	-0.8	-0.69	-0.82	-0.91	-0.51	-0.82	0.67	0.75	0.59	0.67
Accounts Payable	0.95	0.88	0.97	0.88	-0.94	-0.59		0.97	0.88	0.97	0.79	0.8	0.74	0.32	-0.38	0.97	0.71	0.96	0.93	0.77	0.61	0.47	-0.94	-0.41	-0.76	-0.91
Cash	0.98	0.88	1.0	0.91	-0.96	-0.61	0.97		0.91	1.0	0.65	0.83	0.7	0.39	-0.38	1.0	0.68	0.96	0.95	0.76	0.7	0.42	-0.89	-0.39	-0.71	-0.85
Non Current Assets Total	0.97	0.94	0.92	1.0	-0.77	-0.82	0.88	0.91		0.91	0.63	0.94	0.68	0.22	0.02	0.91	0.9	0.88	0.97	0.94	0.77	0.71	-0.84	-0.66	-0.66	-0.81
Cash And Short Term Investments	0.98	0.88	1.0	0.91	-0.96	-0.61	0.97	1.0	0.91		0.65	0.83	0.7	0.39	-0.38	1.0	0.68	0.96	0.95	0.76	0.7	0.42	-0.89	-0.39	-0.71	-0.85
Net Receivables	0.68	0.55	0.7	0.63	-0.66	-0.54	0.79	0.65	0.63	0.65		0.64	0.85	0.26	-0.34	0.69	0.55	0.79	0.7	0.64	0.09	0.47	-0.81	-0.42	-0.71	-0.84
Common Stock Shares Outstanding	0.91	0.82	0.86	0.94	-0.71	-0.94	0.8	0.83	0.94	0.83	0.64		0.63	0.23	0.02	0.84	0.85	0.88	0.96	0.95	0.61	0.76	-0.83	-0.72	-0.69	-0.82
Other Current Assets	0.72	0.58	0.74	0.68	-0.69	-0.53	0.74	0.7	0.68	0.7	0.85	0.63		0.27	-0.33	0.72	0.5	0.73	0.72	0.57	0.26	0.34	-0.7	-0.32	-0.57	-0.7
Other Stockholder Equity	0.32	0.15	0.36	0.21	-0.43	-0.07	0.32	0.39	0.22	0.39	0.26	0.23	0.27		-0.31	0.39	-0.01	0.34	0.28	0.17	0.11	-0.01	-0.26	0.02	-0.23	-0.25
Total Liab	-0.2	-0.02	-0.36	0.01	0.61	-0.24	-0.38	-0.38	0.02	-0.38	-0.34	0.02	-0.33	-0.31		-0.39	0.31	-0.4	-0.18	0.2	0.16	0.5	0.38	-0.45	0.37	0.37
Total Current Assets	0.98	0.88	1.0	0.91	-0.97	-0.62	0.97	1.0	0.91	1.0	0.69	0.84	0.72	0.39	-0.39		0.69	0.97	0.95	0.77	0.67	0.43	-0.91	-0.4	-0.72	-0.87
Non Currrent Assets Other	0.81	0.81	0.72	0.9	-0.5	-0.8	0.71	0.68	0.9	0.68	0.55	0.85	0.5	-0.01	0.31	0.69		0.7	0.81	0.94	0.63	0.91	-0.73	-0.85	-0.62	-0.72
Net Tangible Assets	0.95	0.83	0.97	0.88	-0.93	-0.69	0.96	0.96	0.88	0.96	0.79	0.88	0.73	0.34	-0.4	0.97	0.7		0.96	0.82	0.53	0.51	-0.97	-0.47	-0.83	-0.95
Common Stock	0.99	0.9	0.97	0.97	-0.86	-0.82	0.93	0.95	0.97	0.95	0.7	0.96	0.72	0.28	-0.18	0.95	0.81	0.96		0.9	0.69	0.63	-0.91	-0.58	-0.74	-0.88
Property Plant Equipment	0.87	0.84	0.8	0.94	-0.6	-0.91	0.77	0.76	0.94	0.76	0.64	0.95	0.57	0.17	0.2	0.77	0.94	0.82	0.9		0.62	0.87	-0.81	-0.81	-0.68	-0.8
Other Current Liab	0.74	0.87	0.67	0.77	-0.55	-0.51	0.61	0.7	0.77	0.7	0.09	0.61	0.26	0.11	0.16	0.67	0.63	0.53	0.69	0.62		0.4	-0.46	-0.29	-0.26	-0.39
Other Assets	0.58	0.59	0.47	0.71	-0.24	-0.82	0.47	0.42	0.71	0.42	0.47	0.76	0.34	-0.01	0.5	0.43	0.91	0.51	0.63	0.87	0.4		-0.58	-0.9	-0.58	-0.59
Short Long Term Debt Total	-0.9	-0.8	-0.92	-0.84	0.88	0.67	-0.94	-0.89	-0.84	-0.89	-0.81	-0.83	-0.7	-0.26	0.38	-0.91	-0.73	-0.97	-0.91	-0.81	-0.46	-0.58		0.5	0.92	1.0
Other Liab	-0.54	-0.45	-0.44	-0.66	0.2	0.75	-0.41	-0.39	-0.66	-0.39	-0.42	-0.72	-0.32	0.02	-0.45	-0.4	-0.85	-0.47	-0.58	-0.81	-0.29	-0.9	0.5		0.45	0.52
Long Term Debt	-0.71	-0.6	-0.74	-0.66	0.73	0.59	-0.76	-0.71	-0.66	-0.71	-0.71	-0.69	-0.57	-0.23	0.37	-0.72	-0.62	-0.83	-0.74	-0.68	-0.26	-0.58	0.92	0.45		0.93
Non Current Liabilities Total	-0.86	-0.76	-0.88	-0.81	0.84	0.67	-0.91	-0.85	-0.81	-0.85	-0.84	-0.82	-0.7	-0.25	0.37	-0.87	-0.72	-0.95	-0.88	-0.8	-0.39	-0.59	1.0	0.52	0.93

Click cells to compare fundamentals

FPX Nickel Account Relationship Matchups

FPX Nickel fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	11.5M	16.3M	30.5M	42.3M	59.9M	62.9M
Total Current Liabilities	236.1K	215.0K	536.8K	654.5K	1.1M	1.2M
Total Stockholder Equity	3.3M	12.7M	29.8M	39.9M	56.1M	58.9M
Property Plant And Equipment Net	9.6M	10.3M	14.5M	21.6M	29.9M	31.4M
Net Debt	6.3M	(2.4M)	(14.3M)	(17.9M)	(28.7M)	(27.2M)
Retained Earnings	(36.6M)	(38.4M)	(42.2M)	(45.9M)	(50.2M)	(47.7M)
Accounts Payable	41.9K	97.4K	433.2K	518.9K	596.7K	626.5K
Cash	1.7M	5.8M	14.5M	18.0M	28.9M	30.4M
Non Current Assets Total	9.7M	10.4M	14.6M	21.8M	30.1M	31.6M
Cash And Short Term Investments	1.7M	5.8M	14.5M	18.0M	28.9M	30.4M
Net Receivables	35.4K	57.9K	1.3M	2.2M	726.5K	762.9K
Common Stock Shares Outstanding	148.5M	165.3M	205.8M	217.7M	261.3M	274.3M
Liabilities And Stockholders Equity	11.5M	16.3M	30.5M	42.3M	59.9M	62.9M
Other Current Assets	40.1K	24.4K	37.2K	279.3K	126.4K	132.7K
Other Stockholder Equity	6.4M	6.9M	9.5M	11.4M	13.2M	10.2M
Total Liab	8.2M	3.6M	690.9K	718.4K	2.3M	1.9M
Total Current Assets	1.8M	5.9M	15.9M	20.5M	29.8M	31.3M
Accumulated Other Comprehensive Income	6.4M	6.9M	9.5M	10.5M	924.8K	878.6K
Non Currrent Assets Other	117.7K	133.3K	133.6K	158.0K	188.1K	192.0K
Net Tangible Assets	2.8M	3.3M	12.7M	29.8M	34.2M	35.9M
Common Stock	33.5M	44.2M	62.5M	75.3M	93.9M	98.6M
Property Plant Equipment	9.2M	9.6M	10.3M	14.5M	16.6M	17.5M
Other Current Liab	164.9K	83.7K	20K	45.5K	961.3K	1.0M
Other Assets	117.5K	117.7K	133.3K	133.6K	153.6K	104.5K
Short Long Term Debt Total	8.0M	3.4M	237.7K	154.1K	269.4K	256.0K
Long Term Debt	6.9M	7.9M	7.9M	3.4M	3.0M	5.4M
Non Current Liabilities Total	8.0M	3.4M	154.1K	63.9K	1.2M	1.1M
Net Invested Capital	11.2M	16.0M	29.8M	39.9M	56.1M	58.9M
Net Working Capital	1.6M	5.7M	15.3M	19.8M	28.7M	30.1M
Capital Stock	33.5M	44.2M	62.5M	75.3M	93.9M	62.6M

Pair Trading with FPX Nickel

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 FPX Nickel 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 FPX Nickel will appreciate offsetting losses from the drop in the long position's value.

Moving against FPX Stock

0.48	ELF	E L Financial	Pair Corr
0.44	IE	Ivanhoe Energy	Pair Corr
0.41	FFH-PK	Fairfax Financial	Pair Corr

The ability to find closely correlated positions to FPX Nickel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FPX Nickel 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 FPX Nickel - 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 FPX Nickel Corp to buy it.

The correlation of FPX Nickel 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 FPX Nickel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FPX Nickel Corp 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 FPX Nickel 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 Correlation Correlation Matching

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FPX Nickel Corp. 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 Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for FPX Stock analysis

When running FPX Nickel's price analysis, check to measure FPX Nickel'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 FPX Nickel is operating at the current time. Most of FPX Nickel's value examination focuses on studying past and present price action to predict the probability of FPX Nickel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move FPX Nickel's price. Additionally, you may evaluate how the addition of FPX Nickel to your portfolios can decrease your overall portfolio volatility.

	Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
	Portfolio Anywhere Track or share privately all of your investments from the convenience of any device
	Global Correlations Find global opportunities by holding instruments from different markets
	USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings
	Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios.
	Insider Screener Find insiders across different sectors to evaluate their impact on performance
	My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like

Please note, there is a significant difference between FPX Nickel's value and its price as these two are different measures arrived at by different means. Investors typically determine if FPX Nickel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, FPX Nickel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

FPX Invested Capital vs Free Cash Flow Yield Analysis

Invested Capital vs Free Cash Flow Yield

Invested Capital vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Invested Capital

Free Cash Flow Yield

FPX Nickel fundamental ratios Correlations

FPX Nickel Account Relationship Matchups

High Positive Relationship

High Negative Relationship

FPX Nickel fundamental ratios Accounts

Pair Trading with FPX Nickel

Moving against FPX Stock

Complementary Tools for FPX Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Current Assets	+ 1.0	Cash

Short Long Term Debt Total	- 0.97	Net Tangible Assets
Total Current Assets	- 0.97	Net Debt
Cash And Short Term Investments	- 0.96	Net Debt
Cash	- 0.96	Net Debt
Non Current Liabilities Total	- 0.95	Net Tangible Assets
Net Debt	- 0.95	Total Stockholder Equity