Advantage Cash vs Total Stockholder Equity Analysis
AAV Stock | CAD 9.37 0.23 2.40% |
Advantage Oil financial indicator trend analysis is way more than just evaluating Advantage Oil Gas prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Advantage Oil Gas is a good investment. Please check the relationship between Advantage Oil Cash and its Total Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Advantage Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Total Stockholder Equity
Cash vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Advantage Oil Gas Cash account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Advantage Oil's Cash and Total Stockholder Equity is 0.12. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Advantage Oil Gas, assuming nothing else is changed. The correlation between historical values of Advantage Oil's Cash and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Advantage Oil Gas are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Cash i.e., Advantage Oil's Cash and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.12 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Cash
Cash refers to the most liquid asset of Advantage Oil Gas, which is listed under current asset account on Advantage Oil Gas balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Advantage Oil customers. The amounts must be unrestricted with restricted cash listed in a different Advantage Oil account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Most indicators from Advantage Oil's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Advantage Oil Gas 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 Advantage Oil Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Advantage Oil's Enterprise Value Over EBITDA is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value Multiple is likely to grow to 5.83, while Selling General Administrative is likely to drop about 29.6 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 20.1M | 19.8M | 30.6M | 42.3M | Depreciation And Amortization | 107.9M | 135.3M | 150.3M | 96.9M |
Advantage Oil fundamental ratios Correlations
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Advantage Oil Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Advantage Oil fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.8B | 1.5B | 2.0B | 2.2B | 2.3B | 1.4B | |
Short Long Term Debt Total | 298.2M | 249.4M | 169.2M | 194.6M | 354.0M | 268.3M | |
Other Current Liab | 64.4M | 56.8M | 95.4M | 107.8M | 20.5M | 19.5M | |
Total Current Liabilities | 64.6M | 57.0M | 95.4M | 107.8M | 96.4M | 91.6M | |
Total Stockholder Equity | 1.3B | 1.0B | 1.5B | 1.6B | 1.6B | 992.2M | |
Property Plant And Equipment Net | 1.8B | 1.5B | 1.9B | 1.9B | 2.1B | 1.2B | |
Net Debt | 285.1M | 246.1M | 142.1M | 144.0M | 334.7M | 243.2M | |
Retained Earnings | (1.2B) | (1.4B) | (1.0B) | (684.6M) | (583.0M) | (612.1M) | |
Cash | 13.1M | 3.3M | 25.2M | 48.9M | 19.3M | 32.1M | |
Non Current Assets Total | 1.8B | 1.5B | 1.9B | 2.0B | 2.2B | 1.4B | |
Non Currrent Assets Other | 1.8B | 4.1M | 57.7M | 94.0M | 4.0M | 3.8M | |
Cash And Short Term Investments | 13.1M | 3.3M | 25.2M | 48.9M | 19.3M | 32.5M | |
Net Receivables | 29.3M | 28.5M | 54.8M | 92.8M | 53.4M | 50.7M | |
Common Stock Shares Outstanding | 190.9M | 186.7M | 187.8M | 198.6M | 171.8M | 104.5M | |
Liabilities And Stockholders Equity | 1.8B | 1.5B | 2.0B | 2.2B | 2.3B | 1.4B | |
Non Current Liabilities Total | 437.7M | 436.5M | 439.5M | 544.5M | 646.2M | 434.3M | |
Other Stockholder Equity | 117.1M | 114.3M | 110.3M | 142.8M | 187.0M | 362.7M | |
Total Liab | 502.4M | 493.5M | 534.9M | 652.3M | 742.6M | 609.4M | |
Property Plant And Equipment Gross | 1.8B | 1.5B | 3.0B | 3.2B | 3.5B | 3.7B | |
Total Current Assets | 45.9M | 40.7M | 83.8M | 178.7M | 120.5M | 114.4M | |
Short Term Debt | 266K | 256K | 4.1M | 4.7M | 5.3M | 5.1M | |
Other Current Assets | 3.5M | 8.9M | 3.8M | 37.0M | 47.8M | 38.5M | |
Accounts Payable | 51.9M | 38.1M | 76.6M | 78.3M | 70.6M | 67.1M | |
Common Stock Total Equity | 2.3B | 2.3B | 2.3B | 2.4B | 2.7B | 2.4B | |
Common Stock | 2.3B | 2.4B | 2.4B | 2.1B | 2.0B | 2.4B | |
Other Liab | 139.8M | 187.4M | 180.5M | 259.4M | 298.3M | 151.4M | |
Net Tangible Assets | 1.3B | 1.0B | 1.5B | 1.6B | 1.8B | 1.4B | |
Other Assets | 0.0 | 28.9M | 57.7M | 94.0M | 108.1M | 113.5M | |
Long Term Debt | 295.6M | 247.1M | 167.3M | 192.9M | 259.1M | 185.1M | |
Property Plant Equipment | 1.8B | 1.5B | 1.9B | 1.9B | 2.2B | 1.8B | |
Long Term Debt Total | 297.9M | 249.1M | 169.2M | 194.6M | 223.8M | 242.6M |
Pair Trading with Advantage Oil
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 Advantage Oil 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 Advantage Oil will appreciate offsetting losses from the drop in the long position's value.Moving against Advantage Stock
0.44 | ENS | E Split Corp | PairCorr |
0.4 | FFH | Fairfax Financial | PairCorr |
0.38 | ENB-PFV | Enbridge Pref 5 | PairCorr |
0.35 | FFH-PC | Fairfax Fin Hld | PairCorr |
0.32 | ENS-PA | E Split Corp | PairCorr |
The ability to find closely correlated positions to Advantage Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advantage Oil 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 Advantage Oil - 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 Advantage Oil Gas to buy it.
The correlation of Advantage Oil 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 Advantage Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advantage Oil Gas 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 Advantage Oil 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.Other Information on Investing in Advantage Stock
Balance Sheet is a snapshot of the financial position of Advantage Oil Gas at a specified time, usually calculated after every quarter, six months, or one year. Advantage Oil Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Advantage Oil and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Advantage currently owns. An asset can also be divided into two categories, current and non-current.