Accord Invested Capital vs Average Payables Analysis

ACD Stock

CAD 4.20 0.05 1.20%

Accord Financial financial indicator trend analysis is way more than just evaluating Accord Financial Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Accord Financial Corp is a good investment. Please check the relationship between Accord Financial Invested Capital and its Average Payables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accord Financial 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 Average Payables

Invested Capital vs Average Payables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accord Financial Corp Invested Capital account and Average Payables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Accord Financial's Invested Capital and Average Payables is 0.57. Overlapping area represents the amount of variation of Invested Capital that can explain the historical movement of Average Payables in the same time period over historical financial statements of Accord Financial Corp, assuming nothing else is changed. The correlation between historical values of Accord Financial's Invested Capital and Average Payables 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 Accord Financial Corp are associated (or correlated) with its Average Payables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Payables has no effect on the direction of Invested Capital i.e., Accord Financial's Invested Capital and Average Payables go up and down completely randomly.

Correlation Coefficient

0.57

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Invested Capital

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

Average Payables

The average amount owed to suppliers and creditors over a specific period, reflecting the company's payment cycle and credit terms with suppliers.

Most indicators from Accord Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Accord Financial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Accord Financial 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, Accord Financial's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 14th of May 2024, Enterprise Value is likely to grow to about 466 M, while Selling General Administrative is likely to drop about 18.4 M.

	2023	2024 (projected)
Other Operating Expenses	41.0M	43.0M
Total Revenue	44.4M	31.7M

Other Operating Expenses Total Revenue

Accord Financial fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Other Assets	Short Term Debt	Accounts Payable	Cash	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock	Other Current Liab	Total Current Liabilities
Total Assets		1.0	0.75	0.75	0.99	0.75	-0.02	-0.44	0.83	0.06	-0.2	1.0	0.89	0.11	0.54	0.89	0.99	0.75	0.39	-0.11	0.15	0.47	0.88	0.9	-0.9	0.99
Short Long Term Debt Total	1.0		0.69	0.76	1.0	0.68	-0.02	-0.41	0.87	0.04	-0.14	1.0	0.91	0.05	0.53	0.91	1.0	0.72	0.32	-0.14	0.12	0.4	0.87	0.89	-0.91	1.0
Total Stockholder Equity	0.75	0.69		0.56	0.69	0.99	-0.06	-0.4	0.41	0.14	-0.52	0.71	0.51	0.37	0.43	0.48	0.68	0.72	0.66	0.1	0.26	0.75	0.82	0.81	-0.61	0.69
Property Plant And Equipment Net	0.75	0.76	0.56		0.77	0.52	-0.01	0.09	0.55	-0.09	0.1	0.76	0.72	-0.17	0.59	0.78	0.75	0.58	-0.03	-0.23	0.15	0.45	0.87	0.87	-0.83	0.73
Net Debt	0.99	1.0	0.69	0.77		0.68	-0.01	-0.4	0.87	0.03	-0.13	1.0	0.92	0.04	0.54	0.92	1.0	0.72	0.3	-0.15	0.12	0.4	0.87	0.89	-0.92	0.99
Retained Earnings	0.75	0.68	0.99	0.52	0.68		-0.02	-0.46	0.41	0.13	-0.55	0.7	0.51	0.35	0.42	0.47	0.67	0.71	0.66	0.06	0.25	0.75	0.79	0.78	-0.61	0.68
Non Current Assets Total	-0.02	-0.02	-0.06	-0.01	-0.01	-0.02		0.07	0.03	0.0	0.58	-0.02	-0.01	-0.29	0.06	-0.03	-0.05	0.06	-0.19	-0.17	-0.78	-0.01	-0.05	-0.05	0.01	-0.07
Common Stock Shares Outstanding	-0.44	-0.41	-0.4	0.09	-0.4	-0.46	0.07		-0.29	-0.04	0.65	-0.41	-0.2	-0.38	0.06	-0.21	-0.4	-0.07	-0.43	-0.17	-0.28	-0.03	-0.19	-0.22	0.19	-0.43
Non Current Liabilities Total	0.83	0.87	0.41	0.55	0.87	0.41	0.03	-0.29		-0.2	0.05	0.86	0.96	-0.27	0.22	0.92	0.88	0.49	0.15	-0.1	-0.14	0.02	0.66	0.69	-0.85	0.87
Other Current Assets	0.06	0.04	0.14	-0.09	0.03	0.13	0.0	-0.04	-0.2		-0.1	0.04	-0.19	0.78	0.51	-0.29	0.04	0.36	0.41	-0.37	0.04	0.39	-0.03	-0.04	0.28	0.05
Other Stockholder Equity	-0.2	-0.14	-0.52	0.1	-0.13	-0.55	0.58	0.65	0.05	-0.1		-0.15	0.06	-0.58	0.04	0.06	-0.14	-0.1	-0.59	-0.26	-0.7	-0.26	-0.23	-0.22	0.01	-0.19
Total Liab	1.0	1.0	0.71	0.76	1.0	0.7	-0.02	-0.41	0.86	0.04	-0.15		0.91	0.07	0.55	0.91	1.0	0.74	0.34	-0.14	0.13	0.43	0.87	0.89	-0.91	1.0
Property Plant And Equipment Gross	0.89	0.91	0.51	0.72	0.92	0.51	-0.01	-0.2	0.96	-0.19	0.06	0.91		-0.27	0.37	0.97	0.92	0.6	0.16	-0.15	-0.04	0.22	0.76	0.78	-0.95	0.91
Total Current Assets	0.11	0.05	0.37	-0.17	0.04	0.35	-0.29	-0.38	-0.27	0.78	-0.58	0.07	-0.27		0.38	-0.33	0.05	0.32	0.71	0.15	0.41	0.46	0.04	0.03	0.3	0.09
Intangible Assets	0.54	0.53	0.43	0.59	0.54	0.42	0.06	0.06	0.22	0.51	0.04	0.55	0.37	0.38		0.34	0.53	0.81	0.29	-0.31	0.24	0.73	0.49	0.49	-0.38	0.54
Other Assets	0.89	0.91	0.48	0.78	0.92	0.47	-0.03	-0.21	0.92	-0.29	0.06	0.91	0.97	-0.33	0.34		0.92	0.53	0.02	-0.16	0.04	0.17	0.79	0.82	-0.97	0.9
Short Term Debt	0.99	1.0	0.68	0.75	1.0	0.67	-0.05	-0.4	0.88	0.04	-0.14	1.0	0.92	0.05	0.53	0.92		0.72	0.33	-0.14	0.14	0.39	0.86	0.88	-0.91	1.0
Accounts Payable	0.75	0.72	0.72	0.58	0.72	0.71	0.06	-0.07	0.49	0.36	-0.1	0.74	0.6	0.32	0.81	0.53	0.72		0.51	-0.2	0.17	0.8	0.69	0.69	-0.61	0.72
Cash	0.39	0.32	0.66	-0.03	0.3	0.66	-0.19	-0.43	0.15	0.41	-0.59	0.34	0.16	0.71	0.29	0.02	0.33	0.51		0.36	0.22	0.58	0.28	0.27	-0.09	0.36
Cash And Short Term Investments	-0.11	-0.14	0.1	-0.23	-0.15	0.06	-0.17	-0.17	-0.1	-0.37	-0.26	-0.14	-0.15	0.15	-0.31	-0.16	-0.14	-0.2	0.36		0.05	-0.09	-0.07	-0.07	0.17	-0.12
Net Receivables	0.15	0.12	0.26	0.15	0.12	0.25	-0.78	-0.28	-0.14	0.04	-0.7	0.13	-0.04	0.41	0.24	0.04	0.14	0.17	0.22	0.05		0.33	0.18	0.18	-0.08	0.17
Good Will	0.47	0.4	0.75	0.45	0.4	0.75	-0.01	-0.03	0.02	0.39	-0.26	0.43	0.22	0.46	0.73	0.17	0.39	0.8	0.58	-0.09	0.33		0.51	0.49	-0.35	0.39
Common Stock Total Equity	0.88	0.87	0.82	0.87	0.87	0.79	-0.05	-0.19	0.66	-0.03	-0.23	0.87	0.76	0.04	0.49	0.79	0.86	0.69	0.28	-0.07	0.18	0.51		1.0	-0.85	0.85
Common Stock	0.9	0.89	0.81	0.87	0.89	0.78	-0.05	-0.22	0.69	-0.04	-0.22	0.89	0.78	0.03	0.49	0.82	0.88	0.69	0.27	-0.07	0.18	0.49	1.0		-0.87	0.88
Other Current Liab	-0.9	-0.91	-0.61	-0.83	-0.92	-0.61	0.01	0.19	-0.85	0.28	0.01	-0.91	-0.95	0.3	-0.38	-0.97	-0.91	-0.61	-0.09	0.17	-0.08	-0.35	-0.85	-0.87		-0.89
Total Current Liabilities	0.99	1.0	0.69	0.73	0.99	0.68	-0.07	-0.43	0.87	0.05	-0.19	1.0	0.91	0.09	0.54	0.9	1.0	0.72	0.36	-0.12	0.17	0.39	0.85	0.88	-0.89

Click cells to compare fundamentals

Accord Financial Account Relationship Matchups

Accord Financial fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	406.2M	384.9M	520.1M	491.8M	513.5M	539.2M
Short Long Term Debt Total	297.5M	274.5M	397.9M	368.1M	423.3M	444.4M
Total Stockholder Equity	92.5M	89.9M	100.0M	101.0M	83.9M	59.9M
Property Plant And Equipment Net	2.3M	1.7M	1.3M	1.7M	2.1M	1.1M
Net Debt	290.7M	268.9M	384.1M	356.4M	406.3M	426.6M
Retained Earnings	75.0M	73.1M	83.3M	82.2M	65.6M	50.9M
Non Current Assets Total	19.4M	18.2M	17.5M	17.0M	15.3M	20.4M
Common Stock Shares Outstanding	8.3M	8.3M	8.5M	8.6M	8.6M	7.3M
Liabilities And Stockholders Equity	406.2M	384.9M	520.1M	491.8M	565.5M	593.8M
Non Current Liabilities Total	46.9M	43.5M	368.7M	342.4M	393.8M	413.5M
Other Current Assets	7.0M	1.5M	10.5M	6.7M	7.7M	7.4M
Other Stockholder Equity	1.3M	1.2M	1.1M	1.7M	1.5M	2.5M
Total Liab	309.8M	291.2M	416.1M	385.1M	424.8M	446.1M
Property Plant And Equipment Gross	2.3M	1.7M	4.7M	4.6M	4.3M	4.5M
Total Current Assets	109.1M	117.1M	93.7M	77.4M	89.0M	100.4M
Intangible Assets	3.6M	3.3M	3.1M	3.2M	3.0M	2.7M
Other Assets	277.7M	249.6M	408.9M	397.3M	456.9M	479.8M
Accumulated Other Comprehensive Income	6.7M	6.1M	6.1M	7.7M	8.8M	9.2M
Short Term Debt	254.0M	232.3M	356.8M	331.2M	380.9M	399.9M
Accounts Payable	6.2M	10.8M	11.9M	11.2M	8.1M	6.5M
Cash	6.8M	5.5M	13.8M	11.6M	5.9M	7.0M
Cash And Short Term Investments	6.8M	5.5M	13.8M	11.6M	13.4M	14.8M
Net Receivables	102.3M	111.6M	79.9M	65.8M	75.6M	81.4M
Good Will	14.0M	13.5M	13.2M	13.1M	12.1M	0.0
Other Current Liab	(260.2M)	(243.2M)	(368.7M)	(342.4M)	(308.2M)	(292.8M)
Total Current Liabilities	260.2M	243.2M	368.7M	342.4M	393.8M	413.5M
Non Currrent Assets Other	(19.4M)	(18.2M)	(17.5M)	(17.0M)	(15.3M)	(14.6M)
Other Liab	2.1M	3.5M	1.9M	800.7K	920.8K	1.7M
Net Tangible Assets	75.4M	73.4M	83.7M	85.7M	98.5M	76.7M
Short Long Term Debt	11.2M	21.4M	356.8M	331.2M	371.8M	390.4M
Property Plant Equipment	2.3M	1.7M	1.3M	1.7M	2.0M	1.1M
Long Term Debt	41.9M	251.9M	40.1M	35.4M	40.4M	59.2M
Long Term Debt Total	43.5M	42.2M	41.1M	154.0M	177.1M	186.0M
Capital Surpluse	1.3M	1.2M	1.1M	1.7M	2.0M	2.1M
Net Invested Capital	388.4M	363.1M	496.9M	467.5M	496.1M	439.2M

Pair Trading with Accord Financial

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 Accord Financial 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 Accord Financial will appreciate offsetting losses from the drop in the long position's value.

Moving against Accord Stock

0.68	ARA	Aclara Resources	Pair Corr
0.44	CCL-A	CCL Industries	Pair Corr

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

The correlation of Accord Financial 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 Accord Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accord Financial 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 Accord Financial 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Accord Financial 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.

Note that the Accord Financial Corp information on this page should be used as a complementary analysis to other Accord Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Accord Stock analysis

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

	Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios
	Performance Analysis Check effects of mean-variance optimization against your current asset allocation
	Equity Valuation Check real value of public entities based on technical and fundamental data
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Risk-Return Analysis View associations between returns expected from investment and the risk you assume
	ETFs Find actively traded Exchange Traded Funds (ETF) from around the world
	USA ETFs Find actively traded Exchange Traded Funds (ETF) in USA
	Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
	Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets
	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
	Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges
	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators
	Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm

Please note, there is a significant difference between Accord Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accord Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accord Financial'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

Accord Invested Capital vs Average Payables Analysis

Invested Capital vs Average Payables

Invested Capital vs Average Payables Correlation Analysis

Correlation Coefficient

Invested Capital

Average Payables

Accord Financial fundamental ratios Correlations

Accord Financial Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Accord Financial fundamental ratios Accounts

Pair Trading with Accord Financial

Moving against Accord Stock

Complementary Tools for Accord Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Short Long Term Debt Total	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Short Term Debt	+ 1.0	Short Long Term Debt Total
Total Current Liabilities	+ 1.0	Short Long Term Debt Total

Other Current Liab	- 0.97	Other Assets
Other Current Liab	- 0.95	Property Plant And Equipment Gross
Other Current Liab	- 0.92	Net Debt
Other Current Liab	- 0.91	Short Term Debt
Other Current Liab	- 0.91	Total Liab
Other Current Liab	- 0.91	Short Long Term Debt Total