International Net Tangible Assets vs Total Liab Analysis

IFR Stock  CAD 0.06  0.01  15.38%   
International Frontier financial indicator trend analysis is infinitely more than just investigating International Frontier recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether International Frontier is a good investment. Please check the relationship between International Frontier Net Tangible Assets and its Total Liab accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Frontier Resources. 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.

Net Tangible Assets vs Total Liab

Net Tangible Assets vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of International Frontier Net Tangible Assets account and Total Liab. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between International Frontier's Net Tangible Assets and Total Liab is 0.43. Overlapping area represents the amount of variation of Net Tangible Assets that can explain the historical movement of Total Liab in the same time period over historical financial statements of International Frontier Resources, assuming nothing else is changed. The correlation between historical values of International Frontier's Net Tangible 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 Net Tangible Assets of International Frontier Resources 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 Net Tangible Assets i.e., International Frontier's Net Tangible Assets and Total Liab go up and down completely randomly.

Correlation Coefficient

0.43
Relationship DirectionPositive 
Relationship StrengthWeak

Net Tangible Assets

The total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from International Frontier's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into International Frontier 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Frontier Resources. 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.
Selling General Administrative is likely to climb to about 827.7 K in 2024, whereas Discontinued Operations is likely to drop (237 K) in 2024.

International Frontier fundamental ratios Correlations

0.02-0.131.0-0.760.990.98-0.690.87-0.87-0.050.530.68-0.880.93-0.920.92-0.910.060.980.91-0.80.830.54-0.240.73
0.020.84-0.010.01-0.010.09-0.07-0.09-0.06-0.260.44-0.2-0.180.120.310.2-0.05-0.010.130.06-0.050.050.02-0.020.04
-0.130.84-0.150.24-0.11-0.070.33-0.24-0.10.140.15-0.070.04-0.140.420.01-0.04-0.120.010.01-0.020.150.02-0.240.02
1.0-0.01-0.15-0.750.990.97-0.660.89-0.87-0.030.470.7-0.860.91-0.920.92-0.910.040.980.91-0.790.840.53-0.260.73
-0.760.010.24-0.75-0.72-0.750.58-0.540.630.02-0.5-0.440.8-0.690.72-0.690.67-0.54-0.71-0.640.89-0.67-0.670.03-0.71
0.99-0.01-0.110.99-0.720.96-0.650.88-0.87-0.020.430.7-0.860.91-0.910.9-0.91-0.010.960.9-0.780.870.5-0.380.68
0.980.09-0.070.97-0.750.96-0.750.8-0.85-0.080.640.59-0.920.97-0.910.91-0.90.040.970.9-0.760.810.53-0.280.67
-0.69-0.070.33-0.660.58-0.65-0.75-0.60.340.63-0.67-0.030.78-0.870.7-0.730.450.01-0.64-0.480.36-0.34-0.180.13-0.27
0.87-0.09-0.240.89-0.540.880.8-0.6-0.76-0.160.220.71-0.670.79-0.830.79-0.79-0.010.860.8-0.610.630.38-0.230.51
-0.87-0.06-0.1-0.870.63-0.87-0.850.34-0.76-0.36-0.41-0.890.76-0.750.79-0.70.99-0.09-0.89-0.980.81-0.82-0.560.29-0.67
-0.05-0.260.14-0.030.02-0.02-0.080.63-0.16-0.36-0.250.570.13-0.250.0-0.32-0.280.02-0.050.24-0.190.20.11-0.090.15
0.530.440.150.47-0.50.430.64-0.670.22-0.41-0.250.04-0.760.69-0.430.57-0.480.140.570.53-0.410.280.280.140.35
0.68-0.2-0.070.7-0.440.70.59-0.030.71-0.890.570.04-0.460.47-0.670.43-0.850.040.680.84-0.650.640.41-0.170.56
-0.88-0.180.04-0.860.8-0.86-0.920.78-0.670.760.13-0.76-0.46-0.930.81-0.840.82-0.07-0.88-0.830.76-0.7-0.370.25-0.57
0.930.12-0.140.91-0.690.910.97-0.870.79-0.75-0.250.690.47-0.93-0.880.87-0.82-0.040.910.84-0.630.660.38-0.280.51
-0.920.310.42-0.920.72-0.91-0.910.7-0.830.790.0-0.43-0.670.81-0.88-0.770.85-0.07-0.86-0.850.7-0.7-0.480.25-0.58
0.920.20.010.92-0.690.90.91-0.730.79-0.7-0.320.570.43-0.840.87-0.77-0.750.090.940.75-0.740.80.54-0.20.72
-0.91-0.05-0.04-0.910.67-0.91-0.90.45-0.790.99-0.28-0.48-0.850.82-0.820.85-0.75-0.07-0.92-0.990.81-0.82-0.540.3-0.67
0.06-0.01-0.120.04-0.54-0.010.040.01-0.01-0.090.020.140.04-0.07-0.04-0.070.09-0.070.060.03-0.50.080.760.440.4
0.980.130.010.98-0.710.960.97-0.640.86-0.89-0.050.570.68-0.880.91-0.860.94-0.920.060.93-0.810.840.54-0.220.74
0.910.060.010.91-0.640.90.9-0.480.8-0.980.240.530.84-0.830.84-0.850.75-0.990.030.93-0.770.760.48-0.230.64
-0.8-0.05-0.02-0.790.89-0.78-0.760.36-0.610.81-0.19-0.41-0.650.76-0.630.7-0.740.81-0.5-0.81-0.77-0.85-0.770.14-0.84
0.830.050.150.84-0.670.870.81-0.340.63-0.820.20.280.64-0.70.66-0.70.8-0.820.080.840.76-0.850.61-0.450.82
0.540.020.020.53-0.670.50.53-0.180.38-0.560.110.280.41-0.370.38-0.480.54-0.540.760.540.48-0.770.610.090.73
-0.24-0.02-0.24-0.260.03-0.38-0.280.13-0.230.29-0.090.14-0.170.25-0.280.25-0.20.30.44-0.22-0.230.14-0.450.090.12
0.730.040.020.73-0.710.680.67-0.270.51-0.670.150.350.56-0.570.51-0.580.72-0.670.40.740.64-0.840.820.730.12
Click cells to compare fundamentals

International Frontier Account Relationship Matchups

International Frontier fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets6.1M2.4M3.5M86.0K97.7K92.8K
Total Current Liabilities748.9K670.3K306.3K529.9K692.6K529.3K
Total Stockholder Equity5.3M1.7M2.2M(841.7K)(648.4K)(615.9K)
Net Tangible Assets5.9M5.3M1.7M(841.7K)(757.5K)(719.6K)
Retained Earnings(63.8M)(68.3M)(69.2M)(72.3M)(72.1M)(75.7M)
Accounts Payable347.0K720.0K444.9K377.4K434.0K354.2K
Cash95.1K44.6K306.3K25.5K17.1K16.3K
Net Receivables25.2K30.2K12.1K43.5K45.5K43.2K
Total Liab748.9K713.7K1.4M927.7K746.0K869.2K
Total Current Assets153.0K99.9K1.1M86.0K97.7K92.8K
Common Stock52.9M54.6M56.6M57.3M65.9M54.2M
Property Plant Equipment5.6M3.9K3.3K2.5K2.3K2.2K
Non Current Assets Total7.2M407.8K5.9M2.3M2.4M0.0
Common Stock Shares Outstanding177.4M173.9M243.4M299.1M15.0M14.2M
Net Invested Capital5.3M1.8M3.2M(791.6K)(594.9K)(565.2K)
Net Working Capital(595.9K)(570.4K)804.1K(443.9K)(594.9K)(565.2K)

Pair Trading with International Frontier

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 International Frontier 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 International Frontier will appreciate offsetting losses from the drop in the long position's value.

Moving against International Stock

  0.46ENS E Split CorpPairCorr
The ability to find closely correlated positions to International Frontier could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Frontier 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 International Frontier - 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 International Frontier Resources to buy it.
The correlation of International Frontier 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 International Frontier moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Frontier 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 International Frontier 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 CorrelationCorrelation Matching
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in International Frontier Resources. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

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