Zedcor Days Sales Outstanding vs Capex To Depreciation Analysis
ZDC Stock | CAD 1.20 0.01 0.83% |
Zedcor Energy financial indicator trend analysis is more than just analyzing Zedcor Energy current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Zedcor Energy is a good investment. Please check the relationship between Zedcor Energy Days Sales Outstanding and its Capex To Depreciation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zedcor Energy. 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.
Days Sales Outstanding vs Capex To Depreciation
Days Sales Outstanding vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Zedcor Energy Days Sales Outstanding account and Capex To Depreciation. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Zedcor Energy's Days Sales Outstanding and Capex To Depreciation is -0.33. Overlapping area represents the amount of variation of Days Sales Outstanding that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Zedcor Energy, assuming nothing else is changed. The correlation between historical values of Zedcor Energy's Days Sales Outstanding and Capex To Depreciation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Days Sales Outstanding of Zedcor Energy are associated (or correlated) with its Capex To Depreciation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Depreciation has no effect on the direction of Days Sales Outstanding i.e., Zedcor Energy's Days Sales Outstanding and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.33 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Days Sales Outstanding
Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Most indicators from Zedcor Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Zedcor Energy 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zedcor Energy. 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. Zedcor Energy reported Tax Provision of (2 Million) in 2023. Enterprise Value Over EBITDA is likely to climb to 10.16 in 2024, whereas Discontinued Operations is likely to drop (2.2 M) in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Cost Of Revenue | 7.4M | 11.3M | 14.1M | 16.7M | Depreciation And Amortization | 2.3M | 3.4M | 4.9M | 5.7M |
Zedcor Energy fundamental ratios Correlations
Click cells to compare fundamentals
Zedcor Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Zedcor Energy fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 42.2M | 32.5M | 19.8M | 32.6M | 43.0M | 47.1M | |
Total Current Liabilities | 4.9M | 6.1M | 6.0M | 7.4M | 9.5M | 9.8M | |
Total Stockholder Equity | 8.2M | 4.0M | 398K | 8.5M | 12.1M | 21.8M | |
Net Debt | 32.9M | 26.1M | 16.9M | 20.1M | 26.1M | 20.4M | |
Retained Earnings | (104.0M) | (108.6M) | (112.5M) | (107.9M) | (105.2M) | (100.0M) | |
Accounts Payable | 911K | 1.6M | 2.4M | 3.4M | 3.2M | 2.8M | |
Cash | 170K | 761K | 108K | 571K | 1.5M | 869.8K | |
Cash And Short Term Investments | 170K | 761K | 108K | 571K | 1.5M | 869.8K | |
Common Stock Shares Outstanding | 53.6M | 55.2M | 57.9M | 72.9M | 79.1M | 83.1M | |
Liabilities And Stockholders Equity | 42.2M | 32.5M | 19.8M | 32.6M | 43.0M | 47.1M | |
Other Stockholder Equity | 1.5M | 1.6M | 1.7M | 1.8M | 2.2M | 2.1M | |
Total Liab | 34.0M | 28.5M | 19.4M | 24.1M | 30.9M | 25.3M | |
Total Current Assets | 3.4M | 4.8M | 4.4M | 7.5M | 7.3M | 8.5M | |
Short Long Term Debt Total | 33.1M | 26.9M | 17.0M | 20.7M | 27.6M | 22.6M | |
Property Plant And Equipment Net | 37.6M | 24.4M | 12.4M | 20.5M | 31.7M | 33.7M | |
Non Current Assets Total | 38.8M | 27.7M | 15.4M | 25.0M | 35.7M | 40.7M | |
Non Currrent Assets Other | 1.2M | 3.3M | 109K | 2.5M | 179K | 170.1K | |
Net Receivables | 2.9M | 3.7M | 3.7M | 5.2M | 4.7M | 5.7M | |
Non Current Liabilities Total | 29.1M | 22.4M | 13.4M | 16.7M | 21.4M | 16.4M | |
Short Term Debt | 4.0M | 4.5M | 3.6M | 4.0M | 6.2M | 6.7M | |
Other Current Liab | 911K | 1.6M | 2.4M | 3.4M | 3.9M | 4.1M | |
Common Stock | 107.3M | 107.6M | 107.8M | 113.2M | 114.0M | 102.3M | |
Net Tangible Assets | 5.3M | 1.2M | (2.5M) | 8.5M | 7.6M | 7.3M | |
Other Assets | 30.0M | 3.4M | 3.0M | 4.5M | 1.0 | 0.95 | |
Long Term Debt | 19.7M | 17.1M | 8.8M | 11.5M | 16.1M | 11.9M | |
Short Long Term Debt | 2.7M | 2.9M | 2.2M | 2.2M | 3.8M | 7.4M | |
Property Plant Equipment | 8.8M | 24.4M | 12.4M | 20.5M | 23.6M | 24.8M | |
Capital Lease Obligations | 10.7M | 6.9M | 6.0M | 7.0M | 7.7M | 5.5M | |
Net Invested Capital | 27.8M | 21.2M | 8.6M | 22.2M | 32.0M | 23.5M | |
Net Working Capital | (1.5M) | (1.2M) | (1.5M) | 163K | (2.2M) | (2.3M) | |
Capital Stock | 110.2M | 110.5M | 110.7M | 113.2M | 114.0M | 122.6M |
Pair Trading with Zedcor Energy
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 Zedcor Energy 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 Zedcor Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Zedcor Stock
0.86 | ARA | Aclara Resources | PairCorr |
Moving against Zedcor Stock
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The ability to find closely correlated positions to Zedcor Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zedcor Energy 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 Zedcor Energy - 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 Zedcor Energy to buy it.
The correlation of Zedcor Energy 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 Zedcor Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zedcor Energy 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 Zedcor Energy 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zedcor Energy. 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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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When running Zedcor Energy's price analysis, check to measure Zedcor Energy'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 Zedcor Energy is operating at the current time. Most of Zedcor Energy's value examination focuses on studying past and present price action to predict the probability of Zedcor Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zedcor Energy's price. Additionally, you may evaluate how the addition of Zedcor Energy to your portfolios can decrease your overall portfolio volatility.
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