Accord Cash vs Cash And Short Term Investments Analysis
| ACD Stock | CAD 4.00 0.05 1.23% |
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 Cash and its Cash And Short Term Investments 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 closely tied with the direction of predictive economic indicators such as signals in board of governors.
Cash vs Cash And Short Term Investments
Cash vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accord Financial Corp Cash account and Cash And Short Term Investments. At this time, the significance of the direction appears to have weak relationship.
The correlation between Accord Financial's Cash and Cash And Short Term Investments is 0.35. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Cash And Short Term Investments 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 Cash and Cash And Short Term Investments 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 Accord Financial Corp are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Cash i.e., Accord Financial's Cash and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.35 |
| Relationship Direction | Positive |
| Relationship Strength | Very Weak |
Cash
Cash refers to the most liquid asset of Accord Financial Corp, which is listed under current asset account on Accord Financial Corp balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Accord Financial customers. The amounts must be unrestricted with restricted cash listed in a different Accord Financial 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.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Accord Financial Corp balance sheet. This account contains Accord Financial investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Accord Financial Corp fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.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 closely tied with the direction of predictive economic indicators such as signals in board of governors. At this time, Accord Financial'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 22.72, while Selling General Administrative is likely to drop about 18.4 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 46.7M | 42.6M | 79.0M | 83.0M | Total Revenue | 47.6M | 43.4M | 79.7M | 83.7M |
Accord Financial fundamental ratios Correlations
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Accord Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 | 485.2M | 414.0M | 434.7M | |
| Other Current Liab | (260.2M) | (243.2M) | (368.7M) | (342.4M) | (390.1M) | (370.6M) | |
| Total Current Liabilities | 260.2M | 243.2M | 368.7M | 342.4M | 390.1M | 409.6M | |
| Total Stockholder Equity | 92.5M | 89.9M | 100.0M | 101.0M | 83.9M | 59.8M | |
| 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 | 404.3M | 424.6M | |
| 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 | 507.6M | 532.9M | |
| Non Currrent Assets Other | (19.4M) | (18.2M) | (17.5M) | (17.0M) | (20.7M) | (19.7M) | |
| Liabilities And Stockholders Equity | 406.2M | 384.9M | 520.1M | 491.8M | 513.5M | 539.2M | |
| Non Current Liabilities Total | 46.9M | 43.5M | 41.9M | 342.4M | 33.3M | 31.1M | |
| Other Current Assets | (376.4M) | (361.4M) | (497.2M) | 6.7M | (477.0M) | (453.2M) | |
| Other Stockholder Equity | (73.7M) | (71.9M) | (82.2M) | 1.7M | (63.8M) | (60.6M) | |
| 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 | 5.9M | 5.6M | |
| Accumulated Other Comprehensive Income | 6.7M | 6.1M | 6.1M | 7.7M | 7.1M | 7.4M | |
| Short Term Debt | 254.0M | 232.3M | 356.8M | 331.2M | 390.1M | 409.6M | |
| 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 | |
| Accounts Payable | 6.2M | 10.8M | 11.9M | 11.2M | 8.1M | 6.5M | |
| Cash | 6.8M | 5.5M | 13.8M | 11.6M | 9.7M | 7.2M | |
| Cash And Short Term Investments | 6.8M | 5.5M | 13.8M | 11.6M | 9.7M | 14.6M | |
| Net Receivables | 102.3M | 111.6M | 79.9M | 65.8M | 467.3M | 490.7M | |
| Good Will | 13.5M | 13.2M | 13.1M | 12.1M | 18.6M | 19.6M | |
| 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
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.Other Information on Investing in Accord Stock
Balance Sheet is a snapshot of the financial position of Accord Financial Corp at a specified time, usually calculated after every quarter, six months, or one year. Accord Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Accord Financial 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 Accord currently owns. An asset can also be divided into two categories, current and non-current.