ATCO Ptb Ratio vs Free Cash Flow Yield Analysis

ACO-X Stock

CAD 49.14 0.33 0.68%

ATCO financial indicator trend analysis is way more than just evaluating ATCO prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ATCO is a good investment. Please check the relationship between ATCO Ptb Ratio and its Free Cash Flow Yield accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ATCO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Ptb Ratio vs Free Cash Flow Yield

Ptb Ratio vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ATCO Ptb Ratio account and Free Cash Flow Yield. At this time, the significance of the direction appears to have pay attention.

The correlation between ATCO's Ptb Ratio and Free Cash Flow Yield is -0.74. Overlapping area represents the amount of variation of Ptb Ratio that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of ATCO, assuming nothing else is changed. The correlation between historical values of ATCO's Ptb Ratio and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ptb Ratio of ATCO are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Ptb Ratio i.e., ATCO's Ptb Ratio and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.74

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Most indicators from ATCO's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ATCO 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 ATCO. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Sales General And Administrative To Revenue is likely to gain to 0.15 in 2024, whereas Selling General Administrative is likely to drop slightly above 490.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	2.7B	3.1B	3.0B	2.7B
Total Revenue	4.3B	5.0B	4.7B	3.8B

Gross Profit Total Revenue

ATCO fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Good Will	Intangible Assets
Common Stock Shares Outstanding		-0.11	-0.1	-0.1	-0.13	-0.14	-0.1	-0.09	-0.12	-0.13	0.23	-0.1	-0.06	-0.22	-0.19	-0.11	0.16	-0.05	-0.36	-0.09	-0.23	-0.49	0.33	0.34	-0.75	-0.25
Total Assets	-0.11		0.99	0.59	0.76	0.99	0.99	0.98	0.99	0.62	0.45	1.0	0.31	0.54	0.84	1.0	-0.66	0.49	0.71	1.0	0.84	0.39	-0.67	-0.59	0.16	0.86
Short Long Term Debt Total	-0.1	0.99		0.56	0.74	0.97	0.97	0.99	0.96	0.56	0.4	0.99	0.38	0.48	0.78	0.99	-0.71	0.57	0.63	0.99	0.83	0.44	-0.59	-0.51	0.16	0.87
Other Current Liab	-0.1	0.59	0.56		0.69	0.59	0.56	0.52	0.57	0.64	0.51	0.57	0.26	0.57	0.71	0.58	-0.24	0.3	0.45	0.6	0.74	0.23	-0.43	-0.64	0.01	0.57
Total Current Liabilities	-0.13	0.76	0.74	0.69		0.71	0.72	0.74	0.71	0.77	0.26	0.75	0.43	0.36	0.83	0.74	-0.25	0.35	0.61	0.78	0.69	0.64	-0.58	-0.73	0.22	0.69
Total Stockholder Equity	-0.14	0.99	0.97	0.59	0.71		0.99	0.94	1.0	0.6	0.52	0.99	0.18	0.63	0.85	0.98	-0.67	0.39	0.72	0.98	0.82	0.36	-0.67	-0.58	0.17	0.86
Property Plant And Equipment Net	-0.1	0.99	0.97	0.56	0.72	0.99		0.96	0.99	0.62	0.47	1.0	0.21	0.55	0.84	0.99	-0.66	0.43	0.71	0.98	0.79	0.34	-0.67	-0.57	0.15	0.85
Net Debt	-0.09	0.98	0.99	0.52	0.74	0.94	0.96		0.94	0.56	0.31	0.98	0.42	0.39	0.76	0.99	-0.69	0.61	0.6	0.99	0.79	0.44	-0.56	-0.49	0.2	0.87
Retained Earnings	-0.12	0.99	0.96	0.57	0.71	1.0	0.99	0.94		0.59	0.52	0.99	0.17	0.63	0.85	0.98	-0.67	0.39	0.71	0.97	0.82	0.36	-0.67	-0.57	0.16	0.86
Accounts Payable	-0.13	0.62	0.56	0.64	0.77	0.6	0.62	0.56	0.59		0.22	0.62	0.23	0.26	0.82	0.61	-0.04	0.32	0.71	0.63	0.62	0.1	-0.7	-0.91	0.09	0.45
Cash	0.23	0.45	0.4	0.51	0.26	0.52	0.47	0.31	0.52	0.22		0.44	-0.18	0.87	0.43	0.42	-0.36	-0.1	0.41	0.42	0.56	-0.08	-0.42	-0.25	-0.48	0.23
Non Current Assets Total	-0.1	1.0	0.99	0.57	0.75	0.99	1.0	0.98	0.99	0.62	0.44		0.29	0.52	0.83	1.0	-0.67	0.48	0.7	1.0	0.81	0.39	-0.66	-0.57	0.16	0.86
Non Currrent Assets Other	-0.06	0.31	0.38	0.26	0.43	0.18	0.21	0.42	0.17	0.23	-0.18	0.29		-0.22	0.07	0.34	-0.22	0.73	0.23	0.36	0.39	0.39	-0.23	-0.27	-0.01	0.17
Cash And Short Term Investments	-0.22	0.54	0.48	0.57	0.36	0.63	0.55	0.39	0.63	0.26	0.87	0.52	-0.22		0.57	0.51	-0.4	-0.12	0.55	0.5	0.66	0.21	-0.53	-0.39	-0.02	0.46
Net Receivables	-0.19	0.84	0.78	0.71	0.83	0.85	0.84	0.76	0.85	0.82	0.43	0.83	0.07	0.57		0.82	-0.31	0.26	0.71	0.83	0.79	0.35	-0.67	-0.79	0.26	0.79
Non Current Liabilities Total	-0.11	1.0	0.99	0.58	0.74	0.98	0.99	0.99	0.98	0.61	0.42	1.0	0.34	0.51	0.82		-0.68	0.54	0.69	1.0	0.84	0.39	-0.65	-0.57	0.16	0.86
Inventory	0.16	-0.66	-0.71	-0.24	-0.25	-0.67	-0.66	-0.69	-0.67	-0.04	-0.36	-0.67	-0.22	-0.4	-0.31	-0.68		-0.47	-0.25	-0.66	-0.53	-0.31	0.21	0.01	0.01	-0.58
Other Current Assets	-0.05	0.49	0.57	0.3	0.35	0.39	0.43	0.61	0.39	0.32	-0.1	0.48	0.73	-0.12	0.26	0.54	-0.47		0.21	0.54	0.62	0.16	-0.19	-0.25	0.01	0.38
Other Stockholder Equity	-0.36	0.71	0.63	0.45	0.61	0.72	0.71	0.6	0.71	0.71	0.41	0.7	0.23	0.55	0.71	0.69	-0.25	0.21		0.68	0.69	0.24	-1.0	-0.85	0.13	0.42
Total Liab	-0.09	1.0	0.99	0.6	0.78	0.98	0.98	0.99	0.97	0.63	0.42	1.0	0.36	0.5	0.83	1.0	-0.66	0.54	0.68		0.84	0.41	-0.64	-0.58	0.16	0.87
Total Current Assets	-0.23	0.84	0.83	0.74	0.69	0.82	0.79	0.79	0.82	0.62	0.56	0.81	0.39	0.66	0.79	0.84	-0.53	0.62	0.69	0.84		0.33	-0.66	-0.66	0.08	0.7
Short Term Debt	-0.49	0.39	0.44	0.23	0.64	0.36	0.34	0.44	0.36	0.1	-0.08	0.39	0.39	0.21	0.35	0.39	-0.31	0.16	0.24	0.41	0.33		-0.2	-0.21	0.57	0.55
Common Stock	0.33	-0.67	-0.59	-0.43	-0.58	-0.67	-0.67	-0.56	-0.67	-0.7	-0.42	-0.66	-0.23	-0.53	-0.67	-0.65	0.21	-0.19	-1.0	-0.64	-0.66	-0.2		0.85	-0.08	-0.35
Current Deferred Revenue	0.34	-0.59	-0.51	-0.64	-0.73	-0.58	-0.57	-0.49	-0.57	-0.91	-0.25	-0.57	-0.27	-0.39	-0.79	-0.57	0.01	-0.25	-0.85	-0.58	-0.66	-0.21	0.85		-0.2	-0.41
Good Will	-0.75	0.16	0.16	0.01	0.22	0.17	0.15	0.2	0.16	0.09	-0.48	0.16	-0.01	-0.02	0.26	0.16	0.01	0.01	0.13	0.16	0.08	0.57	-0.08	-0.2		0.5
Intangible Assets	-0.25	0.86	0.87	0.57	0.69	0.86	0.85	0.87	0.86	0.45	0.23	0.86	0.17	0.46	0.79	0.86	-0.58	0.38	0.42	0.87	0.7	0.55	-0.35	-0.41	0.5

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ATCO Account Relationship Matchups

ATCO fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	114.7M	114.7M	114.4M	114.3M	113.4M	94.3M
Total Assets	21.7B	22.2B	23.0B	24.1B	25.4B	15.4B
Short Long Term Debt Total	9.5B	9.7B	10.2B	10.2B	11.2B	6.6B
Other Current Liab	46M	161M	147M	240M	107M	93.6M
Total Current Liabilities	910M	1.1B	1.6B	1.5B	1.6B	1.0B
Total Stockholder Equity	4B	4.1B	4.1B	4.4B	4.4B	2.8B
Property Plant And Equipment Net	18.0B	18.4B	18.9B	19.6B	21.0B	12.4B
Net Debt	8.5B	8.7B	9.1B	9.2B	10.9B	5.9B
Retained Earnings	3.8B	3.9B	4.0B	4.1B	4.2B	2.5B
Accounts Payable	675M	695M	852M	1.2B	961M	753.9M
Cash	1.1B	1.1B	1.1B	1.0B	288M	273.6M
Non Current Assets Total	19.7B	20.2B	20.8B	21.8B	23.5B	13.6B
Non Currrent Assets Other	231M	239M	353M	405M	479M	473.6M
Cash And Short Term Investments	1.1B	1.1B	1.1B	1.0B	576M	771.5M
Net Receivables	740M	736M	856M	967M	902M	686.2M
Liabilities And Stockholders Equity	21.7B	22.2B	23.0B	24.1B	25.4B	15.4B
Non Current Liabilities Total	12.9B	13.3B	13.5B	14.3B	15.2B	8.9B
Inventory	64M	76M	61M	80M	114M	92.4M
Other Current Assets	172M	163M	231M	299M	244M	173.7M
Total Liab	13.8B	14.4B	15.1B	15.8B	16.9B	9.7B
Total Current Assets	2.0B	2.0B	2.2B	2.4B	1.8B	1.8B
Accumulated Other Comprehensive Income	(17M)	(12M)	(39M)	97M	6M	6.3M
Short Term Debt	189M	218M	587M	125M	548M	575.4M
Common Stock	173M	178M	180M	179M	187M	177.7M
Current Deferred Revenue	(675M)	(695M)	(852M)	(1.2B)	(961M)	(913.0M)
Intangible Assets	662M	685M	752M	870M	1.0B	607.9M
Other Liab	3.6B	3.7B	3.9B	4.2B	4.8B	3.9B
Net Tangible Assets	3.3B	3.3B	3.3B	3.4B	3.9B	3.3B
Other Assets	309M	324M	399M	423M	380.7M	511.5M
Long Term Debt	9.3B	9.4B	9.5B	10.0B	10.5B	9.9B
Long Term Investments	655M	646M	673M	737M	724M	511.8M
Short Long Term Debt	173M	199M	559M	109M	531M	658.0M
Property Plant Equipment	18.0B	18.4B	18.9B	19.6B	22.6B	18.9B
Non Current Liabilities Other	120M	132M	105M	137M	186M	135.2M
Net Invested Capital	13.4B	13.7B	14.2B	14.5B	15.5B	15.6B
Net Working Capital	1.1B	965M	635M	835M	220M	209M
Capital Stock	173M	178M	180M	179M	187M	195.4M

Pair Trading with ATCO

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

Moving together with ATCO Stock

0.68	FFH	Fairfax Financial	Pair Corr
0.85	IFC	Intact Financial	Pair Corr
0.84	WSP	WSP Global	Pair Corr

Moving against ATCO Stock

0.32

GSY

goeasy

Pair Corr

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

The correlation of ATCO 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 ATCO moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ATCO 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 ATCO 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

Additional Tools for ATCO Stock Analysis

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

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