Adcore Free Cash Flow Yield vs Average Inventory Analysis

ADCO Stock

CAD 0.18 0.01 5.88%

Adcore financial indicator trend analysis is way more than just evaluating Adcore Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Adcore Inc is a good investment. Please check the relationship between Adcore Free Cash Flow Yield and its Average Inventory accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adcore Inc. 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.

Free Cash Flow Yield vs Average Inventory

Free Cash Flow Yield vs Average Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Adcore Inc Free Cash Flow Yield account and Average Inventory. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Adcore's Free Cash Flow Yield and Average Inventory is -0.47. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Average Inventory in the same time period over historical financial statements of Adcore Inc, assuming nothing else is changed. The correlation between historical values of Adcore's Free Cash Flow Yield and Average Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of Adcore Inc are associated (or correlated) with its Average Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Average Inventory has no effect on the direction of Free Cash Flow Yield i.e., Adcore's Free Cash Flow Yield and Average Inventory go up and down completely randomly.

Correlation Coefficient

-0.47

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

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.

Average Inventory

The average amount of inventory a company holds over a certain period, which is used to calculate inventory turnover and efficiency in managing stock levels.

Most indicators from Adcore's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Adcore Inc 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 Adcore Inc. 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.

As of the 1st of December 2024, Selling General Administrative is likely to drop to about 3.7 M. In addition to that, Tax Provision is likely to grow to -7,600

	2021	2022	2023	2024 (projected)
Gross Profit	8.4M	8.5M	9.4M	7.9M
Total Revenue	28.0M	19.7M	23.1M	17.2M

Gross Profit Total Revenue

Adcore fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets
Total Assets		0.88	0.47	0.98	0.99	0.67	0.98	0.88	0.86	-0.97	0.25	0.92	0.97	0.97	0.92	0.97	0.9	0.72	0.68	0.77	0.86	0.97	0.98	0.99	-0.38	1.0
Short Long Term Debt Total	0.88		0.13	0.83	0.87	0.87	0.81	0.87	0.87	-0.95	0.48	0.72	0.95	0.77	0.77	0.95	0.65	0.46	0.83	0.84	0.7	0.77	0.86	0.87	-0.3	0.9
Other Current Liab	0.47	0.13		0.55	0.44	0.13	0.55	0.19	0.18	-0.35	-0.08	0.52	0.34	0.51	0.67	0.34	0.52	0.83	0.19	-0.03	0.46	0.53	0.52	0.44	-0.36	0.44
Total Current Liabilities	0.98	0.83	0.55		0.95	0.66	0.94	0.78	0.82	-0.94	0.17	0.95	0.93	0.97	0.91	0.93	0.9	0.75	0.67	0.69	0.78	0.95	1.0	0.95	-0.41	0.97
Total Stockholder Equity	0.99	0.87	0.44	0.95		0.62	0.98	0.9	0.86	-0.96	0.25	0.9	0.96	0.96	0.9	0.96	0.91	0.69	0.64	0.79	0.9	0.98	0.95	1.0	-0.36	0.99
Other Liab	0.67	0.87	0.13	0.66	0.62		0.58	0.7	0.64	-0.79	0.67	0.52	0.8	0.5	0.69	0.8	0.31	0.47	0.96	0.64	0.36	0.48	0.72	0.63	-0.17	0.69
Net Tangible Assets	0.98	0.81	0.55	0.94	0.98	0.58		0.87	0.76	-0.94	0.24	0.92	0.94	0.94	0.89	0.94	0.89	0.77	0.62	0.67	0.94	0.98	0.94	0.98	-0.34	0.98
Property Plant And Equipment Net	0.88	0.87	0.19	0.78	0.9	0.7	0.87		0.7	-0.93	0.49	0.76	0.93	0.75	0.78	0.93	0.67	0.63	0.73	0.73	0.82	0.82	0.81	0.9	-0.16	0.89
Current Deferred Revenue	0.86	0.87	0.18	0.82	0.86	0.64	0.76	0.7		-0.84	0.17	0.67	0.83	0.86	0.76	0.83	0.81	0.33	0.55	0.92	0.66	0.8	0.82	0.86	-0.43	0.85
Net Debt	-0.97	-0.95	-0.35	-0.94	-0.96	-0.79	-0.94	-0.93	-0.84		-0.37	-0.88	-1.0	-0.89	-0.88	-1.0	-0.79	-0.67	-0.78	-0.78	-0.82	-0.91	-0.96	-0.97	0.36	-0.98
Retained Earnings	0.25	0.48	-0.08	0.17	0.25	0.67	0.24	0.49	0.17	-0.37		0.04	0.41	0.02	0.3	0.41	-0.12	0.24	0.79	0.42	0.12	0.08	0.24	0.25	0.54	0.28
Accounts Payable	0.92	0.72	0.52	0.95	0.9	0.52	0.92	0.76	0.67	-0.88	0.04		0.88	0.93	0.79	0.88	0.88	0.75	0.56	0.53	0.81	0.93	0.94	0.9	-0.4	0.92
Cash	0.97	0.95	0.34	0.93	0.96	0.8	0.94	0.93	0.83	-1.0	0.41	0.88		0.88	0.88	1.0	0.78	0.67	0.8	0.78	0.82	0.9	0.95	0.96	-0.31	0.98
Non Current Assets Total	0.97	0.77	0.51	0.97	0.96	0.5	0.94	0.75	0.86	-0.89	0.02	0.93	0.88		0.86	0.88	0.98	0.66	0.49	0.72	0.84	0.98	0.94	0.96	-0.47	0.95
Other Assets	0.92	0.77	0.67	0.91	0.9	0.69	0.89	0.78	0.76	-0.88	0.3	0.79	0.88	0.86		0.88	0.79	0.85	0.68	0.65	0.75	0.87	0.92	0.9	-0.42	0.91
Cash And Short Term Investments	0.97	0.95	0.34	0.93	0.96	0.8	0.94	0.93	0.83	-1.0	0.41	0.88	1.0	0.88	0.88		0.78	0.67	0.8	0.78	0.82	0.9	0.95	0.96	-0.31	0.98
Net Receivables	0.9	0.65	0.52	0.9	0.91	0.31	0.89	0.67	0.81	-0.79	-0.12	0.88	0.78	0.98	0.79	0.78		0.6	0.32	0.67	0.84	0.96	0.86	0.91	-0.46	0.89
Common Stock Shares Outstanding	0.72	0.46	0.83	0.75	0.69	0.47	0.77	0.63	0.33	-0.67	0.24	0.75	0.67	0.66	0.85	0.67	0.6		0.55	0.23	0.63	0.72	0.75	0.7	-0.26	0.71
Non Current Liabilities Total	0.68	0.83	0.19	0.67	0.64	0.96	0.62	0.73	0.55	-0.78	0.79	0.56	0.8	0.49	0.68	0.8	0.32	0.55		0.61	0.4	0.5	0.73	0.64	0.06	0.7
Inventory	0.77	0.84	-0.03	0.69	0.79	0.64	0.67	0.73	0.92	-0.78	0.42	0.53	0.78	0.72	0.65	0.78	0.67	0.23	0.61		0.57	0.69	0.71	0.79	-0.08	0.77
Other Current Assets	0.86	0.7	0.46	0.78	0.9	0.36	0.94	0.82	0.66	-0.82	0.12	0.81	0.82	0.84	0.75	0.82	0.84	0.63	0.4	0.57		0.92	0.76	0.9	-0.35	0.86
Other Stockholder Equity	0.97	0.77	0.53	0.95	0.98	0.48	0.98	0.82	0.8	-0.91	0.08	0.93	0.9	0.98	0.87	0.9	0.96	0.72	0.5	0.69	0.92		0.93	0.98	-0.41	0.97
Total Liab	0.98	0.86	0.52	1.0	0.95	0.72	0.94	0.81	0.82	-0.96	0.24	0.94	0.95	0.94	0.92	0.95	0.86	0.75	0.73	0.71	0.76	0.93		0.95	-0.39	0.97
Net Invested Capital	0.99	0.87	0.44	0.95	1.0	0.63	0.98	0.9	0.86	-0.97	0.25	0.9	0.96	0.96	0.9	0.96	0.91	0.7	0.64	0.79	0.9	0.98	0.95		-0.36	0.99
Short Long Term Debt	-0.38	-0.3	-0.36	-0.41	-0.36	-0.17	-0.34	-0.16	-0.43	0.36	0.54	-0.4	-0.31	-0.47	-0.42	-0.31	-0.46	-0.26	0.06	-0.08	-0.35	-0.41	-0.39	-0.36		-0.36
Total Current Assets	1.0	0.9	0.44	0.97	0.99	0.69	0.98	0.89	0.85	-0.98	0.28	0.92	0.98	0.95	0.91	0.98	0.89	0.71	0.7	0.77	0.86	0.97	0.97	0.99	-0.36

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Adcore Account Relationship Matchups

Adcore fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.8M	12.7M	17.3M	14.5M	14.4M	10.7M
Other Current Liab	1.1M	808K	673K	883K	1.6M	849.8K
Total Current Liabilities	1.8M	4.8M	4.4M	4.6M	5.4M	3.3M
Total Stockholder Equity	5.6M	6.9M	12.2M	9.7M	8.9M	7.0M
Other Liab	330K	772K	483K	168K	193.2K	377.9K
Net Tangible Assets	4.1M	5.2M	10.2M	7.1M	8.2M	5.0M
Property Plant And Equipment Net	269K	392K	691K	437K	200K	352K
Net Debt	(3.5M)	(8.4M)	(10.6M)	(6.3M)	(6.1M)	(6.4M)
Retained Earnings	1.5M	2.2M	1.9M	(315K)	(1.3M)	(1.2M)
Accounts Payable	540K	2.9M	3.5M	3.6M	3.8M	2.4M
Cash	3.7M	8.8M	11.1M	6.5M	6.1M	5.9M
Non Current Assets Total	1.7M	2.1M	2.7M	3.1M	3.3M	2.4M
Cash And Short Term Investments	3.7M	8.8M	11.1M	6.5M	6.1M	5.9M
Net Receivables	2.3M	1.8M	3.5M	4.9M	5.0M	3.1M
Common Stock Shares Outstanding	51.5M	60.8M	61.1M	62.4M	60.3M	53.1M
Liabilities And Stockholders Equity	7.8M	12.7M	17.3M	14.5M	14.4M	10.7M
Non Current Liabilities Total	330K	1.1M	696K	168K	152K	144.4K
Other Current Assets	204.0K	66.0K	619.0K	318.0K	415K	266.0K
Other Stockholder Equity	4.1M	4.8M	10.4M	10.1M	10.2M	6.3M
Total Liab	2.2M	5.9M	5.1M	4.8M	5.6M	3.7M
Net Invested Capital	5.6M	7.1M	12.2M	9.7M	8.9M	7.0M
Total Current Assets	6.0M	10.6M	14.6M	11.5M	11.1M	8.7M
Accumulated Other Comprehensive Income	(95K)	(83K)	(80K)	(72K)	(82.8K)	(86.9K)
Net Working Capital	4.2M	5.8M	10.2M	6.8M	5.7M	5.3M
Short Term Debt	197K	105K	221K	188K	216.2K	137.6K
Intangible Assets	1.5M	1.7M	2.0M	2.6M	3.1M	2.0M
Property Plant Equipment	269K	392K	691K	437K	502.6K	374K
Capital Surpluse	4.1M	4.8M	10.4M	10.7M	12.3M	6.8M
Cash And Equivalents	3.7M	8.8M	11.1M	6.5M	7.5M	6.8M

Pair Trading with Adcore

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

Moving against Adcore Stock

0.37	COST	Costco Wholesale Corp	Pair Corr
0.34	CVS	CVS HEALTH CDR	Pair Corr
0.31	MSFT	Microsoft Corp CDR	Pair Corr

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

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

Other Information on Investing in Adcore Stock

Balance Sheet is a snapshot of the financial position of Adcore Inc at a specified time, usually calculated after every quarter, six months, or one year. Adcore Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Adcore 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 Adcore currently owns. An asset can also be divided into two categories, current and non-current.

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Adcore Free Cash Flow Yield vs Average Inventory Analysis

Free Cash Flow Yield vs Average Inventory

Free Cash Flow Yield vs Average Inventory Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Average Inventory

Adcore fundamental ratios Correlations

Adcore Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Adcore fundamental ratios Accounts

Pair Trading with Adcore

Moving against Adcore Stock

Other Information on Investing in Adcore Stock

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Total Current Assets	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Current Liabilities
Net Invested Capital	+ 1.0	Total Stockholder Equity
Cash And Short Term Investments	+ 1.0	Cash
Total Stockholder Equity	+ 0.99	Total Assets
Net Invested Capital	+ 0.99	Total Assets

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Total Current Assets	- 0.98	Net Debt
Net Invested Capital	- 0.97	Net Debt
Net Debt	- 0.97	Total Assets
Total Liab	- 0.96	Net Debt