Ascot Pfcf Ratio vs Free Cash Flow Per Share Analysis

AOT Stock  CAD 0.22  0.01  4.35%   
Ascot Resources financial indicator trend analysis is way more than just evaluating Ascot Resources prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Ascot Resources is a good investment. Please check the relationship between Ascot Resources Pfcf Ratio and its Free Cash Flow Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ascot Resources. 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.

Pfcf Ratio vs Free Cash Flow Per Share

Pfcf Ratio vs Free Cash Flow Per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Ascot Resources Pfcf Ratio account and Free Cash Flow Per Share. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Ascot Resources' Pfcf Ratio and Free Cash Flow Per Share is -0.38. Overlapping area represents the amount of variation of Pfcf Ratio that can explain the historical movement of Free Cash Flow Per Share in the same time period over historical financial statements of Ascot Resources, assuming nothing else is changed. The correlation between historical values of Ascot Resources' Pfcf Ratio and Free Cash Flow Per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Pfcf Ratio of Ascot Resources are associated (or correlated) with its Free Cash Flow Per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Per Share has no effect on the direction of Pfcf Ratio i.e., Ascot Resources' Pfcf Ratio and Free Cash Flow Per Share go up and down completely randomly.

Correlation Coefficient

-0.38
Relationship DirectionNegative 
Relationship StrengthInsignificant

Pfcf Ratio

Free Cash Flow Per Share

The amount of cash a company generates after accounting for capital expenditures, divided by the number of outstanding shares. It represents the cash available for dividends, share buybacks, or debt repayment per share.
Most indicators from Ascot Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Ascot Resources 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 Ascot Resources. 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, Ascot Resources' Tax Provision is very stable compared to the past year. As of the 27th of November 2024, Issuance Of Capital Stock is likely to grow to about 56.4 M, while Selling General Administrative is likely to drop about 3.6 M.
 2023 2024 (projected)
Research Development275.4K186.3K
Cost Of Revenue1.6M1.6M

Ascot Resources fundamental ratios Correlations

0.90.981.00.39-0.90.940.361.00.730.530.940.990.930.980.480.960.990.60.520.890.97-0.020.630.830.98
0.90.870.890.44-0.810.810.390.90.740.550.780.890.810.820.470.880.880.60.380.820.87-0.180.710.730.88
0.980.870.970.45-0.930.860.420.970.770.560.890.990.840.930.450.870.970.630.470.941.00.050.70.880.99
1.00.890.970.45-0.890.940.291.00.70.460.940.990.940.980.490.951.00.540.520.880.97-0.060.590.830.98
0.390.440.450.45-0.310.23-0.370.440.21-0.310.240.430.240.340.370.30.44-0.27-0.090.340.43-0.560.250.390.52
-0.9-0.81-0.93-0.89-0.31-0.77-0.45-0.89-0.68-0.57-0.82-0.93-0.76-0.84-0.38-0.8-0.89-0.63-0.58-0.9-0.93-0.11-0.62-0.87-0.88
0.940.810.860.940.23-0.770.270.940.610.460.960.910.990.970.480.990.930.540.530.730.850.00.450.680.88
0.360.390.420.29-0.37-0.450.270.290.690.970.350.370.190.260.050.250.280.950.130.510.430.630.740.380.33
1.00.90.971.00.44-0.890.940.290.70.470.940.990.940.980.490.961.00.540.520.880.96-0.070.590.830.98
0.730.740.770.70.21-0.680.610.690.70.760.650.730.580.650.270.630.70.780.080.860.770.110.960.640.74
0.530.550.560.46-0.31-0.570.460.970.470.760.520.530.40.440.150.450.451.00.240.630.570.560.770.450.48
0.940.780.890.940.24-0.820.960.350.940.650.520.920.940.960.430.940.930.590.480.770.890.060.510.710.9
0.990.890.990.990.43-0.930.910.370.990.730.530.920.890.960.480.920.990.60.510.910.990.010.640.860.99
0.930.810.840.940.24-0.760.990.190.940.580.40.940.890.970.450.990.940.480.550.730.84-0.090.410.680.86
0.980.820.930.980.34-0.840.970.260.980.650.440.960.960.970.490.960.980.520.520.830.92-0.030.50.790.95
0.480.470.450.490.37-0.380.480.050.490.270.150.430.480.450.490.490.460.190.080.30.37-0.180.240.320.5
0.960.880.870.950.3-0.80.990.250.960.630.450.940.920.990.960.490.950.530.540.750.87-0.10.480.70.89
0.990.880.971.00.44-0.890.930.281.00.70.450.930.990.940.980.460.950.530.510.890.96-0.070.580.840.98
0.60.60.630.54-0.27-0.630.540.950.540.781.00.590.60.480.520.190.530.530.280.680.630.530.780.50.55
0.520.380.470.52-0.09-0.580.530.130.520.080.240.480.510.550.520.080.540.510.280.40.490.35-0.020.510.43
0.890.820.940.880.34-0.90.730.510.880.860.630.770.910.730.830.30.750.890.680.40.940.050.80.850.9
0.970.871.00.970.43-0.930.850.430.960.770.570.890.990.840.920.370.870.960.630.490.940.070.70.880.98
-0.02-0.180.05-0.06-0.56-0.110.00.63-0.070.110.560.060.01-0.09-0.03-0.18-0.1-0.070.530.350.050.070.130.03-0.05
0.630.710.70.590.25-0.620.450.740.590.960.770.510.640.410.50.240.480.580.78-0.020.80.70.130.560.66
0.830.730.880.830.39-0.870.680.380.830.640.450.710.860.680.790.320.70.840.50.510.850.880.030.560.86
0.980.880.990.980.52-0.880.880.330.980.740.480.90.990.860.950.50.890.980.550.430.90.98-0.050.660.86
Click cells to compare fundamentals

Ascot Resources Account Relationship Matchups

Ascot Resources fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets183.3M250.0M339.0M379.1M630.4M661.9M
Total Current Liabilities3.1M46.6M14.7M30.3M50.8M53.3M
Total Stockholder Equity148.2M177.6M257.2M308.9M350.8M368.3M
Property Plant And Equipment Net172.3M193.2M266.6M364.2M570.5M599.0M
Net Debt8.7M1.8M(17.0M)37.7M5.3M5.6M
Retained Earnings(49.7M)(58.1M)(61.1M)(71.9M)(82.3M)(78.2M)
Accounts Payable2.4M2.8M14.0M6.5M33.1M34.8M
Cash4.4M42.1M59.1M7.5M22.0M11.6M
Non Current Assets Total177.2M205.6M277.3M369.6M598.0M627.9M
Non Currrent Assets Other4.9M8.0M8.3M3.0M7.0M4.9M
Cash And Short Term Investments4.9M43.6M59.1M7.5M27.0M28.3M
Net Receivables579K365K1.4M840K2.1M2.3M
Common Stock Shares Outstanding215.1M260.5M348.1M424.8M546.8M574.1M
Liabilities And Stockholders Equity183.3M250.0M339.0M379.1M630.4M661.9M
Other Current Assets620K352K1.2M1.1M2.5M2.7M
Other Stockholder Equity14.6M17.8M19.5M29.4M32.2M33.8M
Total Liab35.2M72.3M81.8M70.2M279.6M293.6M
Total Current Assets6.1M44.3M61.7M9.5M32.4M34.0M
Accumulated Other Comprehensive Income14.6M17.8M19.5M29.5K32.2K30.6K
Other Current Liab464K84K348K860K1.7M1.8M
Common Stock183.3M217.9M298.7M351.3M400.8M420.9M
Short Term Investments507K1.6M46.3M6.5M5M4.8M
Other Assets4.9M12.4M10.7M5.4M6.2M5.1M
Property Plant Equipment172.3M193.2M266.6M364.2M418.9M439.8M
Other Liab19.1M25.2M25.3M17.6M20.2M19.0M
Net Tangible Assets148.2M177.6M257.2M308.9M355.3M181.2M
Long Term Debt Total12.9M558K41.8M22.3M25.6M26.9M
Short Term Debt217K43.3M338K23.0M3.7M3.5M

Pair Trading with Ascot Resources

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

Moving against Ascot Stock

  0.82FGAA-U FG Acquisition CorpPairCorr
  0.46TSAT Telesat CorpPairCorr
  0.43BBUC Brookfield Business CorpPairCorr
  0.41GATO Gatos SilverPairCorr
  0.31FDY Faraday Copper CorpPairCorr
The ability to find closely correlated positions to Ascot Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ascot Resources 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 Ascot Resources - 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 Ascot Resources to buy it.
The correlation of Ascot Resources 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 Ascot Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ascot Resources 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 Ascot Resources 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 CorrelationCorrelation Matching

Other Information on Investing in Ascot Stock

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