ADF Stock Based Compensation vs Change To Netincome Analysis

DRX Stock

CAD 8.74 0.07 0.81%

ADF financial indicator trend analysis is way more than just evaluating ADF Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ADF Group is a good investment. Please check the relationship between ADF Stock Based Compensation and its Change To Netincome accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF Group. 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.

Stock Based Compensation vs Change To Netincome

Stock Based Compensation vs Change To Netincome Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ADF Group Stock Based Compensation account and Change To Netincome. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between ADF's Stock Based Compensation and Change To Netincome is -0.05. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Change To Netincome in the same time period over historical financial statements of ADF Group, assuming nothing else is changed. The correlation between historical values of ADF's Stock Based Compensation and Change To Netincome is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of ADF Group are associated (or correlated) with its Change To Netincome. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Netincome has no effect on the direction of Stock Based Compensation i.e., ADF's Stock Based Compensation and Change To Netincome go up and down completely randomly.

Correlation Coefficient

-0.05

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Change To Netincome

Most indicators from ADF's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ADF Group 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ADF Group. 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, ADF's Tax Provision is very stable compared to the past year. As of the 28th of November 2024, Enterprise Value Over EBITDA is likely to grow to 6.68, while Selling General Administrative is likely to drop about 12.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	24.7M	35.6M	72.9M	76.6M
Total Revenue	280.7M	250.9M	331.0M	347.6M

Gross Profit Total Revenue

ADF fundamental ratios Correlations

	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	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Cash	Cash And Short Term Investments	Intangible Assets	Current Deferred Revenue	Good Will
Total Assets		0.84	0.67	0.84	0.86	0.71	0.13	0.65	0.72	0.67	-0.29	0.86	0.3	0.86	0.16	0.03	-0.32	0.85	0.79	0.77	0.08	0.43	0.39	0.47	0.79	-0.37
Short Long Term Debt Total	0.84		0.45	0.73	0.54	0.77	0.54	0.37	0.7	0.71	-0.45	0.8	0.22	0.82	0.3	-0.03	-0.51	0.77	0.68	0.59	0.53	0.11	0.07	0.51	0.56	-0.2
Other Current Liab	0.67	0.45		0.87	0.44	0.19	-0.2	0.73	0.83	0.16	0.11	0.8	-0.1	0.77	-0.09	0.46	0.0	0.84	0.67	0.88	-0.14	0.68	0.65	-0.09	0.78	-0.68
Total Current Liabilities	0.84	0.73	0.87		0.58	0.48	-0.03	0.82	0.87	0.44	-0.28	0.98	0.21	0.97	0.1	0.15	-0.22	0.99	0.85	0.97	0.09	0.67	0.63	0.27	0.93	-0.73
Total Stockholder Equity	0.86	0.54	0.44	0.58		0.64	-0.17	0.66	0.42	0.64	-0.24	0.57	0.51	0.59	0.05	-0.18	-0.11	0.59	0.62	0.57	-0.14	0.48	0.46	0.52	0.63	-0.32
Property Plant And Equipment Net	0.71	0.77	0.19	0.48	0.64		0.46	0.29	0.36	0.99	-0.58	0.54	0.52	0.62	0.16	-0.43	-0.62	0.54	0.73	0.3	0.24	-0.03	-0.08	0.78	0.42	-0.06
Net Debt	0.13	0.54	-0.2	-0.03	-0.17	0.46		-0.48	0.15	0.42	-0.09	0.11	-0.31	0.13	0.23	0.09	-0.5	0.03	0.03	-0.23	0.52	-0.74	-0.77	0.11	-0.23	0.53
Retained Earnings	0.65	0.37	0.73	0.82	0.66	0.29	-0.48		0.64	0.31	-0.21	0.76	0.42	0.77	-0.03	-0.02	0.13	0.81	0.72	0.9	-0.19	0.9	0.88	0.23	0.87	-0.91
Accounts Payable	0.72	0.7	0.83	0.87	0.42	0.36	0.15	0.64		0.33	-0.08	0.86	-0.12	0.86	0.33	0.46	0.04	0.88	0.62	0.84	0.15	0.48	0.44	-0.03	0.67	-0.6
Non Current Assets Total	0.67	0.71	0.16	0.44	0.64	0.99	0.42	0.31	0.33		-0.54	0.5	0.53	0.58	0.13	-0.44	-0.55	0.5	0.71	0.27	0.17	-0.03	-0.08	0.75	0.39	-0.08
Non Currrent Assets Other	-0.29	-0.45	0.11	-0.28	-0.24	-0.58	-0.09	-0.21	-0.08	-0.54		-0.31	-0.8	-0.36	-0.42	0.77	0.51	-0.32	-0.5	-0.18	-0.42	-0.16	-0.15	-0.86	-0.3	0.2
Net Receivables	0.86	0.8	0.8	0.98	0.57	0.54	0.11	0.76	0.86	0.5	-0.31		0.19	0.98	0.14	0.13	-0.3	0.99	0.85	0.93	0.14	0.55	0.52	0.31	0.91	-0.64
Common Stock Shares Outstanding	0.3	0.22	-0.1	0.21	0.51	0.52	-0.31	0.42	-0.12	0.53	-0.8	0.19		0.25	0.03	-0.89	-0.33	0.23	0.48	0.19	0.11	0.39	0.39	0.89	0.35	-0.33
Non Current Liabilities Total	0.86	0.82	0.77	0.97	0.59	0.62	0.13	0.77	0.86	0.58	-0.36	0.98	0.25		0.15	0.07	-0.31	0.99	0.89	0.91	0.15	0.55	0.51	0.36	0.88	-0.66
Inventory	0.16	0.3	-0.09	0.1	0.05	0.16	0.23	-0.03	0.33	0.13	-0.42	0.14	0.03	0.15		0.03	0.18	0.12	-0.01	0.06	0.33	-0.06	-0.07	0.1	-0.04	0.04
Other Current Assets	0.03	-0.03	0.46	0.15	-0.18	-0.43	0.09	-0.02	0.46	-0.44	0.77	0.13	-0.89	0.07	0.03		0.47	0.12	-0.22	0.21	-0.14	0.02	0.0	-0.85	-0.01	-0.03
Other Stockholder Equity	-0.32	-0.51	0.0	-0.22	-0.11	-0.62	-0.5	0.13	0.04	-0.55	0.51	-0.3	-0.33	-0.31	0.18	0.47		-0.25	-0.5	-0.04	-0.24	0.27	0.29	-0.67	-0.24	-0.22
Total Liab	0.85	0.77	0.84	0.99	0.59	0.54	0.03	0.81	0.88	0.5	-0.32	0.99	0.23	0.99	0.12	0.12	-0.25		0.87	0.95	0.12	0.63	0.59	0.31	0.92	-0.71
Property Plant And Equipment Gross	0.79	0.68	0.67	0.85	0.62	0.73	0.03	0.72	0.62	0.71	-0.5	0.85	0.48	0.89	-0.01	-0.22	-0.5	0.87		0.76	-0.02	0.5	0.46	0.58	0.86	-0.58
Total Current Assets	0.77	0.59	0.88	0.97	0.57	0.3	-0.23	0.9	0.84	0.27	-0.18	0.93	0.19	0.91	0.06	0.21	-0.04	0.95	0.76		-0.01	0.8	0.78	0.15	0.93	-0.82
Short Term Debt	0.08	0.53	-0.14	0.09	-0.14	0.24	0.52	-0.19	0.15	0.17	-0.42	0.14	0.11	0.15	0.33	-0.14	-0.24	0.12	-0.02	-0.01		-0.21	-0.23	0.27	-0.15	0.08
Cash	0.43	0.11	0.68	0.67	0.48	-0.03	-0.74	0.9	0.48	-0.03	-0.16	0.55	0.39	0.55	-0.06	0.02	0.27	0.63	0.5	0.8	-0.21		1.0	0.1	0.74	-0.91
Cash And Short Term Investments	0.39	0.07	0.65	0.63	0.46	-0.08	-0.77	0.88	0.44	-0.08	-0.15	0.52	0.39	0.51	-0.07	0.0	0.29	0.59	0.46	0.78	-0.23	1.0		0.09	0.71	-0.89
Intangible Assets	0.47	0.51	-0.09	0.27	0.52	0.78	0.11	0.23	-0.03	0.75	-0.86	0.31	0.89	0.36	0.1	-0.85	-0.67	0.31	0.58	0.15	0.27	0.1	0.09		0.34	-0.07
Current Deferred Revenue	0.79	0.56	0.78	0.93	0.63	0.42	-0.23	0.87	0.67	0.39	-0.3	0.91	0.35	0.88	-0.04	-0.01	-0.24	0.92	0.86	0.93	-0.15	0.74	0.71	0.34		-0.73
Good Will	-0.37	-0.2	-0.68	-0.73	-0.32	-0.06	0.53	-0.91	-0.6	-0.08	0.2	-0.64	-0.33	-0.66	0.04	-0.03	-0.22	-0.71	-0.58	-0.82	0.08	-0.91	-0.89	-0.07	-0.73

Click cells to compare fundamentals

ADF Account Relationship Matchups

ADF fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	173.5M	190.0M	201.1M	271.6M	328.6M	183.3M
Short Long Term Debt Total	40.2M	25.6M	36.7M	51.5M	48.8M	28.1M
Other Current Liab	14.3M	20.9M	18.2M	18.3M	29.5M	30.9M
Total Current Liabilities	50.6M	62.0M	52.4M	88.8M	105.5M	110.7M
Total Stockholder Equity	94.4M	99.6M	108.5M	125.0M	162.1M	99.1M
Property Plant And Equipment Net	88.8M	84.7M	105.2M	112.2M	107.8M	72.7M
Net Debt	36.2M	7.8M	29.5M	44.3M	(23.5M)	(22.4M)
Retained Earnings	12.9M	19.1M	28.0M	42.3M	79.3M	83.2M
Accounts Payable	15.4M	12.1M	14.8M	18.8M	24.4M	25.7M
Non Current Assets Total	93.6M	89.4M	109.9M	117.2M	113.0M	83.6M
Non Currrent Assets Other	1.4M	1.4M	1.4M	1.4M	1.1M	997.5K
Net Receivables	66.5M	70.6M	72.0M	134.2M	125.9M	132.2M
Common Stock Shares Outstanding	32.6M	32.6M	32.6M	32.6M	37.5M	34.1M
Liabilities And Stockholders Equity	173.5M	190.0M	201.1M	271.6M	328.6M	183.3M
Non Current Liabilities Total	28.5M	28.3M	40.2M	57.9M	61.0M	64.0M
Inventory	7.9M	7.0M	9.7M	10.7M	13.5M	8.4M
Other Current Assets	1.6M	5.2M	2.3M	2.3M	3.7M	6.8M
Other Stockholder Equity	(81.0M)	(87.2M)	(96.2M)	(110.4M)	6.4M	11.6M
Total Liab	79.1M	90.4M	92.6M	146.6M	166.5M	174.8M
Property Plant And Equipment Gross	88.8M	144.4M	162.7M	173.0M	172.8M	181.4M
Total Current Assets	80.0M	100.6M	91.1M	154.4M	215.6M	226.4M
Short Term Debt	16.1M	3.0M	4.2M	3.1M	3.9M	3.7M
Cash	4.0M	17.8M	7.1M	7.2M	72.4M	76.0M
Cash And Short Term Investments	4.0M	17.8M	7.1M	7.2M	72.4M	76.0M
Accumulated Other Comprehensive Income	6.9M	5.9M	5.9M	8.1M	8.3M	4.4M
Intangible Assets	3.4M	3.3M	3.4M	3.6M	3.9M	2.6M
Current Deferred Revenue	3.4M	23.3M	13.8M	44.5M	46.2M	48.5M
Other Liab	4.4M	5.8M	7.7M	9.4M	10.8M	11.3M
Net Tangible Assets	91.1M	96.3M	105.1M	121.3M	139.5M	110.8M
Other Assets	1.4M	1.4M	1.4M	1.4M	1.2M	1.2M
Long Term Debt	19.2M	18.4M	28.7M	44.9M	42.1M	25.0M
Short Long Term Debt	14.1M	8.9M	15.0M	1.9M	2.2M	2.1M
Property Plant Equipment	88.8M	84.7M	105.2M	112.2M	129.1M	99.1M
Long Term Debt Total	24.1M	22.5M	32.5M	48.5M	55.7M	29.0M
Cash And Equivalents	4.0M	17.8M	7.1M	7.2M	8.3M	7.2M
Net Invested Capital	128.6M	119.8M	137.2M	169.9M	204.3M	161.3M
Net Working Capital	29.3M	38.5M	38.7M	65.6M	110.1M	115.6M

Pair Trading with ADF

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

Moving against ADF Stock

0.9	CHE-UN	Chemtrade Logistics	Pair Corr
0.8	NVDA	NVIDIA CDR	Pair Corr
0.79	WMT	Walmart Inc CDR	Pair Corr
0.77	META	Meta Platforms CDR	Pair Corr
0.72	AMZN	Amazon CDR	Pair Corr

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

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

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

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ADF Stock Based Compensation vs Change To Netincome Analysis

Stock Based Compensation vs Change To Netincome

Stock Based Compensation vs Change To Netincome Correlation Analysis

Correlation Coefficient

Stock Based Compensation

Change To Netincome

ADF fundamental ratios Correlations

ADF Account Relationship Matchups

High Positive Relationship

High Negative Relationship

ADF fundamental ratios Accounts

Pair Trading with ADF

Moving against ADF Stock

Other Information on Investing in ADF Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Net Receivables
Total Liab	+ 0.99	Non Current Liabilities Total
Net Receivables	+ 0.98	Total Current Liabilities

Good Will	- 0.91	Cash
Good Will	- 0.91	Retained Earnings
Good Will	- 0.89	Cash And Short Term Investments
Other Current Assets	- 0.89	Common Stock Shares Outstanding
Intangible Assets	- 0.86	Non Currrent Assets Other
Intangible Assets	- 0.85	Other Current Assets