Choice Free Cash Flow Yield vs Capex To Depreciation Analysis

CHP-UN Stock

CAD 13.88 0.21 1.49%

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

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Choice Properties Real Free Cash Flow Yield account and Capex To Depreciation. At this time, the significance of the direction appears to have very week relationship.

The correlation between Choice Properties' Free Cash Flow Yield and Capex To Depreciation is 0.22. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Capex To Depreciation in the same time period over historical financial statements of Choice Properties Real, assuming nothing else is changed. The correlation between historical values of Choice Properties' Free Cash Flow Yield 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 Free Cash Flow Yield of Choice Properties Real 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 Free Cash Flow Yield i.e., Choice Properties' Free Cash Flow Yield and Capex To Depreciation go up and down completely randomly.

Correlation Coefficient

0.22

Relationship Direction	Positive
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.

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

At present, Choice Properties' Tax Provision is projected to decrease significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 15.18, whereas Selling General Administrative is forecasted to decline to about 33.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	528.3M	531.8M	561.5M	492.6M
Depreciation And Amortization	1.3B	492.1M	1M	950K

Interest Expense Depreciation And Amortization

Choice Properties fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	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	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Other Current Liab	Other Liab	Net Tangible Assets	Other Assets
Total Assets		0.98	0.87	0.97	0.23	0.98	0.74	0.11	0.48	1.0	0.52	0.54	0.51	0.98	0.99	-0.04	-0.32	-0.9	0.99	0.8	0.83	0.98	-0.18	0.98	0.97	0.76
Short Long Term Debt Total	0.98		0.83	0.96	0.32	1.0	0.7	0.03	0.43	0.99	0.58	0.5	0.43	0.95	0.98	-0.04	-0.32	-0.84	0.98	0.71	0.79	0.96	-0.19	0.96	0.96	0.7
Total Current Liabilities	0.87	0.83		0.79	0.18	0.82	0.7	0.17	0.48	0.86	0.29	0.44	0.63	0.84	0.86	0.12	-0.45	-0.76	0.9	0.88	0.97	0.79	0.01	0.8	0.8	0.8
Total Stockholder Equity	0.97	0.96	0.79		0.31	0.95	0.76	-0.01	0.52	0.97	0.45	0.59	0.47	0.96	0.94	-0.15	-0.3	-0.87	0.93	0.75	0.77	0.98	-0.3	0.98	1.0	0.74
Property Plant And Equipment Net	0.23	0.32	0.18	0.31		0.31	0.22	-0.49	0.26	0.24	0.2	0.37	-0.13	0.18	0.18	-0.24	-0.23	0.11	0.18	0.0	0.3	0.23	-0.34	0.21	0.31	0.13
Net Debt	0.98	1.0	0.82	0.95	0.31		0.69	0.05	0.4	0.98	0.6	0.48	0.42	0.94	0.98	-0.03	-0.3	-0.83	0.97	0.69	0.79	0.95	-0.18	0.95	0.95	0.69
Retained Earnings	0.74	0.7	0.7	0.76	0.22	0.69		-0.35	0.88	0.73	-0.05	0.82	0.86	0.72	0.7	-0.1	-0.73	-0.74	0.71	0.72	0.68	0.69	-0.18	0.72	0.77	0.95
Accounts Payable	0.11	0.03	0.17	-0.01	-0.49	0.05	-0.35		-0.5	0.1	0.27	-0.37	-0.13	0.19	0.17	0.13	0.61	-0.27	0.17	0.3	0.03	0.14	0.24	0.07	-0.02	-0.16
Cash	0.48	0.43	0.48	0.52	0.26	0.4	0.88	-0.5		0.47	-0.16	0.92	0.74	0.5	0.43	-0.2	-0.75	-0.47	0.45	0.51	0.49	0.46	-0.14	0.5	0.54	0.8
Non Current Assets Total	1.0	0.99	0.86	0.97	0.24	0.98	0.73	0.1	0.47		0.54	0.54	0.5	0.98	0.99	-0.04	-0.32	-0.89	0.99	0.78	0.82	0.98	-0.19	0.98	0.97	0.75
Non Currrent Assets Other	0.52	0.58	0.29	0.45	0.2	0.6	-0.05	0.27	-0.16	0.54		0.02	-0.28	0.51	0.58	0.09	0.19	-0.29	0.55	0.06	0.22	0.55	-0.08	0.54	0.44	-0.07
Cash And Short Term Investments	0.54	0.5	0.44	0.59	0.37	0.48	0.82	-0.37	0.92	0.54	0.02		0.65	0.58	0.51	-0.2	-0.62	-0.53	0.51	0.53	0.43	0.56	-0.19	0.55	0.61	0.74
Net Receivables	0.51	0.43	0.63	0.47	-0.13	0.42	0.86	-0.13	0.74	0.5	-0.28	0.65		0.49	0.49	0.08	-0.74	-0.63	0.52	0.74	0.56	0.41	0.19	0.43	0.48	0.87
Common Stock Shares Outstanding	0.98	0.95	0.84	0.96	0.18	0.94	0.72	0.19	0.5	0.98	0.51	0.58	0.49		0.98	-0.09	-0.24	-0.92	0.97	0.82	0.78	0.99	-0.21	0.98	0.96	0.74
Non Current Liabilities Total	0.99	0.98	0.86	0.94	0.18	0.98	0.7	0.17	0.43	0.99	0.58	0.51	0.49	0.98		0.0	-0.3	-0.9	1.0	0.78	0.8	0.97	-0.13	0.96	0.94	0.73
Inventory	-0.04	-0.04	0.12	-0.15	-0.24	-0.03	-0.1	0.13	-0.2	-0.04	0.09	-0.2	0.08	-0.09	0.0		-0.34	0.04	0.02	0.02	0.12	-0.12	-0.05	-0.13	-0.15	0.07
Other Current Assets	-0.32	-0.32	-0.45	-0.3	-0.23	-0.3	-0.73	0.61	-0.75	-0.32	0.19	-0.62	-0.74	-0.24	-0.3	-0.34		0.24	-0.32	-0.36	-0.5	-0.2	-0.04	-0.25	-0.32	-0.7
Other Stockholder Equity	-0.9	-0.84	-0.76	-0.87	0.11	-0.83	-0.74	-0.27	-0.47	-0.89	-0.29	-0.53	-0.63	-0.92	-0.9	0.04	0.24		-0.89	-0.86	-0.68	-0.9	0.12	-0.88	-0.88	-0.79
Total Liab	0.99	0.98	0.9	0.93	0.18	0.97	0.71	0.17	0.45	0.99	0.55	0.51	0.52	0.97	1.0	0.02	-0.32	-0.89		0.81	0.84	0.96	-0.11	0.96	0.94	0.75
Total Current Assets	0.8	0.71	0.88	0.75	0.0	0.69	0.72	0.3	0.51	0.78	0.06	0.53	0.74	0.82	0.78	0.02	-0.36	-0.86	0.81		0.81	0.76	0.08	0.73	0.76	0.82
Short Term Debt	0.83	0.79	0.97	0.77	0.3	0.79	0.68	0.03	0.49	0.82	0.22	0.43	0.56	0.78	0.8	0.12	-0.5	-0.68	0.84	0.81		0.74	-0.08	0.76	0.78	0.79
Common Stock	0.98	0.96	0.79	0.98	0.23	0.95	0.69	0.14	0.46	0.98	0.55	0.56	0.41	0.99	0.97	-0.12	-0.2	-0.9	0.96	0.76	0.74		-0.28	0.99	0.98	0.7
Other Current Liab	-0.18	-0.19	0.01	-0.3	-0.34	-0.18	-0.18	0.24	-0.14	-0.19	-0.08	-0.19	0.19	-0.21	-0.13	-0.05	-0.04	0.12	-0.11	0.08	-0.08	-0.28		-0.28	-0.29	-0.18
Other Liab	0.98	0.96	0.8	0.98	0.21	0.95	0.72	0.07	0.5	0.98	0.54	0.55	0.43	0.98	0.96	-0.13	-0.25	-0.88	0.96	0.73	0.76	0.99	-0.28		0.98	0.71
Net Tangible Assets	0.97	0.96	0.8	1.0	0.31	0.95	0.77	-0.02	0.54	0.97	0.44	0.61	0.48	0.96	0.94	-0.15	-0.32	-0.88	0.94	0.76	0.78	0.98	-0.29	0.98		0.75
Other Assets	0.76	0.7	0.8	0.74	0.13	0.69	0.95	-0.16	0.8	0.75	-0.07	0.74	0.87	0.74	0.73	0.07	-0.7	-0.79	0.75	0.82	0.79	0.7	-0.18	0.71	0.75

Click cells to compare fundamentals

Choice Properties Account Relationship Matchups

Choice Properties fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	15.6B	15.6B	16.2B	16.8B	17.3B	14.1B
Short Long Term Debt Total	6.5B	6.5B	6.2B	6.6B	6.7B	5.9B
Total Current Liabilities	1.2B	803.5M	1.1B	1.2B	1.5B	994.6M
Total Stockholder Equity	3.1B	3.5B	3.3B	3.8B	4.4B	2.6B
Property Plant And Equipment Net	14.4B	14.4B	86.6M	109.5M	14.9B	9.2B
Net Debt	6.5B	6.4B	6.1B	6.5B	6.4B	5.8B
Retained Earnings	361.0M	811.7M	834.7M	1.6B	2.4B	2.5B
Accounts Payable	500.9M	476.3M	598.1M	578.5M	43.5M	41.3M
Cash	42.0M	72.2M	84.3M	64.7M	252.4M	265.0M
Non Current Assets Total	15.1B	15.2B	15.8B	16.1B	16.6B	13.7B
Non Currrent Assets Other	14.5B	14.5B	15.1B	(2.1B)	589.4M	559.9M
Cash And Short Term Investments	42.0M	207.2M	84.3M	64.7M	252.4M	265.0M
Net Receivables	8.3M	224.4M	317.6M	558.5M	656.0M	688.8M
Common Stock Shares Outstanding	689.0M	707.8M	723.1M	723.5M	723.7M	612.4M
Liabilities And Stockholders Equity	15.6B	15.6B	16.2B	16.8B	17.3B	14.1B
Non Current Liabilities Total	11.3B	11.3B	11.7B	11.8B	11.4B	10.5B
Inventory	(182K)	(377K)	10.1M	18.8M	8.7M	8.2M
Other Current Assets	292.0M	150.5M	215.8M	50.4M	(917.1M)	(871.3M)
Other Stockholder Equity	(1.0B)	(1.8B)	(2.0B)	(3.0B)	(1.7B)	(1.6B)
Total Liab	12.5B	12.1B	12.9B	13.0B	12.9B	11.5B
Total Current Assets	432.2M	431.7M	412.0M	692.4M	658.9M	418.6M
Accumulated Other Comprehensive Income	(1.3M)	(5.0M)	1.4M	12.9M	6.6M	6.9M
Short Term Debt	715.6M	327.3M	518.5M	655.7M	964.5M	492.2M
Common Stock	3.4B	3.7B	3.7B	3.7B	3.7B	2.5B
Other Current Liab	(144.3M)	(136.4M)	(169.4M)	1.1B	516.2M	526.2M
Other Liab	146.6M	139.3M	187.9M	159.0M	182.8M	107.8M
Net Tangible Assets	3.1B	3.5B	3.3B	3.8B	4.4B	2.7B
Other Assets	217.9M	255.1M	302.8M	646.7M	743.7M	780.9M
Long Term Debt	6.5B	6.2B	5.7B	5.9B	5.7B	6.3B
Long Term Investments	606.1M	642.0M	651.0M	1.3B	1.1B	625.1M
Short Long Term Debt	718.4M	327.3M	518.5M	655.7M	964.5M	590.9M
Property Plant Equipment	14.4B	14.4B	14.9B	14.4B	16.6B	13.7B
Current Deferred Revenue	(1.1B)	(646.7M)	(906.9M)	(1.1B)	(516.2M)	(542.0M)
Non Current Liabilities Other	5.4B	5.1B	6.0B	5.8B	5.5B	5.6B
Net Invested Capital	9.6B	10.0B	9.5B	10.4B	11.1B	10.5B
Net Working Capital	(784.3M)	(371.9M)	(714.7M)	(541.8M)	(716.5M)	(752.3M)
Short Term Investments	182K	135.0M	3.3M	(302.3M)	144.4M	151.7M
Deferred Long Term Liab	1.4M	1.4M	8.6M	8.3M	9.6M	4.8M
Capital Stock	3.4B	3.7B	3.7B	3.7B	3.7B	3.9B

Pair Trading with Choice Properties

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

Moving together with Choice Stock

0.84

MFC-PC

Manulife Finl Srs

Pair Corr

Moving against Choice Stock

0.81	HFPC-U	Helios Fairfax Partners	Pair Corr
0.71	PVF-UN	Partners Value Inves	Pair Corr
0.42	CEF	Sprott Physical Gold	Pair Corr

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

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

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Choice Free Cash Flow Yield vs Capex To Depreciation Analysis

Free Cash Flow Yield vs Capex To Depreciation

Free Cash Flow Yield vs Capex To Depreciation Correlation Analysis

Correlation Coefficient

Free Cash Flow Yield

Capex To Depreciation

Choice Properties fundamental ratios Correlations

Choice Properties Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Choice Properties fundamental ratios Accounts

Pair Trading with Choice Properties

Moving together with Choice Stock

Moving against Choice Stock

Other Information on Investing in Choice Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Net Debt	+ 1.0	Short Long Term Debt Total
Net Tangible Assets	+ 1.0	Total Stockholder Equity
Total Liab	+ 1.0	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Assets

Other Stockholder Equity	- 0.92	Common Stock Shares Outstanding
Common Stock	- 0.9	Other Stockholder Equity
Other Stockholder Equity	- 0.9	Non Current Liabilities Total
Other Stockholder Equity	- 0.9	Total Assets
Total Liab	- 0.89	Other Stockholder Equity
Other Stockholder Equity	- 0.89	Non Current Assets Total