Aimia Price To Sales Ratio vs Capex To Depreciation Analysis
AIM Stock | CAD 2.40 0.03 1.27% |
Aimia financial indicator trend analysis is way more than just evaluating Aimia Inc prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Aimia Inc is a good investment. Please check the relationship between Aimia Price To Sales Ratio and its Capex To Depreciation accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aimia 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.
Price To Sales Ratio vs Capex To Depreciation
Price To Sales Ratio vs Capex To Depreciation Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Aimia Inc Price To Sales Ratio account and Capex To Depreciation. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Aimia's Price To Sales Ratio and Capex To Depreciation is -0.05. Overlapping area represents the amount of variation of Price To Sales Ratio that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Aimia Inc, assuming nothing else is changed. The correlation between historical values of Aimia's Price To Sales Ratio 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 Price To Sales Ratio of Aimia Inc 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 Price To Sales Ratio i.e., Aimia's Price To Sales Ratio and Capex To Depreciation go up and down completely randomly.
Correlation Coefficient | -0.05 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Price To Sales Ratio
Price to Sales Ratio is figured by comparing Aimia Inc stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Aimia sales, a figure that is much harder to manipulate than other Aimia Inc multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company's stock price to its revenues, calculated by dividing the company's market cap by its total sales or revenue over a 12-month period.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 Aimia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Aimia 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 Aimia 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. At this time, Aimia's Issuance Of Capital Stock is very stable compared to the past year. As of the 26th of November 2024, Sales General And Administrative To Revenue is likely to grow to 1.14, while Selling General Administrative is likely to drop about 149.7 M.
2023 | 2024 (projected) | Research Development | 60.4M | 53.7M | Reconciled Depreciation | 22.9M | 21.8M |
Aimia fundamental ratios Correlations
Click cells to compare fundamentals
Aimia Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Aimia fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 571.8M | 444.2M | 431M | 804M | 963.6M | 915.4M | |
Total Current Liabilities | 119.7M | 3.5M | 10.1M | 7.3M | 97M | 92.2M | |
Total Stockholder Equity | 435.6M | 431.3M | 404M | 776.9M | 568.6M | 725.5M | |
Net Debt | (92.6M) | (146.1M) | (34.8M) | (505.3M) | 68.4M | 72.7M | |
Accounts Payable | 21M | 3.5M | 4.7M | 7.3M | 51.2M | 48.6M | |
Cash | 98.6M | 146.1M | 34.8M | 505.3M | 109.5M | 104.0M | |
Non Current Assets Total | 203.6M | 250.4M | 356.8M | 243.1M | 625.6M | 594.3M | |
Non Currrent Assets Other | 33.1M | (250.4M) | (356.8M) | (243.1M) | 38.6M | 36.7M | |
Cash And Short Term Investments | 185.2M | 146.1M | 34.8M | 505.3M | 137.3M | 130.4M | |
Net Receivables | 66.8M | 8.6M | 900K | 19.7M | 102.3M | 173.6M | |
Common Stock Shares Outstanding | 126.8M | 93.1M | 90.9M | 88.4M | 84.7M | 112.2M | |
Liabilities And Stockholders Equity | 571.8M | 444.2M | 431M | 804M | 963.6M | 915.4M | |
Other Stockholder Equity | 839.4M | 2.3B | 2.0B | 2.0B | 2.0B | 1.5B | |
Total Liab | 136.2M | 3.5M | 27M | 27.1M | 380.5M | 361.5M | |
Total Current Assets | 368.2M | 154.7M | 35.7M | 525M | 338M | 321.1M | |
Other Current Liab | 53.2M | (3.5M) | 5.4M | (7.3M) | 24.5M | 23.3M | |
Retained Earnings | (2.1B) | (2.1B) | (2.1B) | (1.7B) | (1.9B) | (2.0B) | |
Short Long Term Debt Total | 514.5M | 300.9M | 6M | 177.9M | 160.1M | 152.1M | |
Property Plant And Equipment Net | 19.2M | 1M | 1.5M | 0.0 | 149.5M | 157.0M | |
Current Deferred Revenue | 1.3B | 57.9M | 43.8M | 4.1M | 3.7M | 3.5M | |
Good Will | 1.7B | 0.0 | 11.1M | 11M | 164M | 155.8M | |
Short Term Investments | 86.6M | 18.7M | 77.5M | 52.9M | 27.8M | 26.4M | |
Non Current Liabilities Total | 16.5M | 12.9M | 27M | 7.3M | 283.5M | 269.3M | |
Other Current Assets | 115.3M | (177M) | (115.9M) | (578.8M) | 37.2M | 35.3M | |
Accumulated Other Comprehensive Income | 9.8M | 30.8M | 32.5M | 14.4M | (7.1M) | (6.7M) | |
Short Term Debt | 65.2M | 300.9M | 1.7M | 0.0 | 17.2M | 16.3M | |
Intangible Assets | 23.4M | 18.9M | 1.8M | 1.1M | 218.7M | 207.8M | |
Inventory | 900K | 177M | 115.9M | 1.0 | 61.2M | 35.8M | |
Other Liab | 12.2M | 8.5M | 16.9M | 17.6M | 15.8M | 15.0M | |
Net Tangible Assets | 185.6M | 187.3M | 160.8M | 775.8M | 892.2M | 936.8M | |
Other Assets | 41.1M | 39.1M | 38.5M | 35.9M | 41.3M | 26.3M | |
Long Term Investments | 144.2M | 237.5M | 344.7M | 242M | 73.8M | 70.1M | |
Capital Surpluse | 1.2B | 2.3B | 2.3B | 2.2B | 2.6B | 1.9B |
Pair Trading with Aimia
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 Aimia 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 Aimia will appreciate offsetting losses from the drop in the long position's value.Moving against Aimia Stock
0.58 | RY-PJ | Royal Bank Earnings Call Next Week | PairCorr |
0.55 | NVDA | NVIDIA CDR | PairCorr |
0.55 | OR | Osisko Gold Ro | PairCorr |
0.54 | LUG | Lundin Gold | PairCorr |
0.52 | TD-PFI | Toronto Dominion Bank | PairCorr |
The ability to find closely correlated positions to Aimia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aimia 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 Aimia - 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 Aimia Inc to buy it.
The correlation of Aimia 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 Aimia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aimia 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 Aimia 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 Aimia Stock
Balance Sheet is a snapshot of the financial position of Aimia Inc at a specified time, usually calculated after every quarter, six months, or one year. Aimia Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Aimia 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 Aimia currently owns. An asset can also be divided into two categories, current and non-current.