Exchange Intangible Assets vs Non Current Assets Total Analysis

EIF Stock  CAD 56.23  0.42  0.75%   
Exchange Income financial indicator trend analysis is much more than just examining Exchange Income latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Exchange Income is a good investment. Please check the relationship between Exchange Income Intangible Assets and its Non Current Assets Total accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Exchange Income. 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.

Intangible Assets vs Non Current Assets Total

Intangible Assets vs Non Current Assets Total Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Exchange Income Intangible Assets account and Non Current Assets Total. At this time, the significance of the direction appears to have totally related.
The correlation between Exchange Income's Intangible Assets and Non Current Assets Total is 0.99. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Non Current Assets Total in the same time period over historical financial statements of Exchange Income, assuming nothing else is changed. The correlation between historical values of Exchange Income's Intangible Assets and Non Current Assets Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Exchange Income are associated (or correlated) with its Non Current Assets Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Assets Total has no effect on the direction of Intangible Assets i.e., Exchange Income's Intangible Assets and Non Current Assets Total go up and down completely randomly.

Correlation Coefficient

0.99
Relationship DirectionPositive 
Relationship StrengthVery Strong

Intangible Assets

Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.

Non Current Assets Total

The total value of a company's long-term assets, which are not expected to be converted into cash or used up within one year or the operating cycle, including property, plant, and equipment, and intangible assets.
Most indicators from Exchange Income's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Exchange Income 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 Exchange Income. 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, Exchange Income's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Discontinued Operations is likely to grow to about 24 M, while Tax Provision is likely to drop about 28.3 M.
 2021 2022 2023 2024 (projected)
Total Revenue1.4B2.1B2.5B2.6B
Income Tax Expense25.7M41.8M40.8M42.8M

Exchange Income fundamental ratios Correlations

0.971.01.01.0-0.850.980.91.00.90.930.951.00.85-0.021.00.980.981.00.90.430.991.00.450.99-0.04
0.970.970.960.96-0.820.980.920.960.920.950.910.960.85-0.020.970.980.980.970.930.340.970.970.530.96-0.11
1.00.971.00.99-0.830.970.881.00.880.920.960.990.840.00.990.980.980.990.910.40.990.990.440.99-0.03
1.00.961.01.0-0.860.950.881.00.880.90.961.00.83-0.020.990.970.960.990.880.450.990.990.470.99-0.01
1.00.960.991.0-0.860.970.91.00.90.920.941.00.83-0.051.00.970.981.00.890.470.991.00.460.99-0.02
-0.85-0.82-0.83-0.86-0.86-0.78-0.83-0.86-0.83-0.68-0.8-0.86-0.710.18-0.85-0.83-0.79-0.87-0.77-0.65-0.88-0.85-0.62-0.840.12
0.980.980.970.950.97-0.780.920.960.920.960.910.970.86-0.020.980.970.990.970.90.340.960.970.390.97-0.11
0.90.920.880.880.9-0.830.920.91.00.820.840.90.880.020.910.90.910.910.790.40.910.90.520.91-0.26
1.00.961.01.01.0-0.860.960.90.90.90.951.00.85-0.011.00.980.971.00.890.451.00.990.460.99-0.03
0.90.920.880.880.9-0.830.921.00.90.820.840.90.880.020.910.90.910.910.790.40.910.90.520.91-0.26
0.930.950.920.90.92-0.680.960.820.90.820.870.910.73-0.080.930.910.970.920.90.280.890.930.360.9-0.03
0.950.910.960.960.94-0.80.910.840.950.840.870.940.810.030.940.90.930.940.850.360.940.940.430.93-0.01
1.00.960.991.01.0-0.860.970.91.00.90.910.940.85-0.031.00.970.981.00.880.460.991.00.430.99-0.03
0.850.850.840.830.83-0.710.860.880.850.880.730.810.850.150.850.850.830.840.790.30.870.820.320.88-0.1
-0.02-0.020.0-0.02-0.050.18-0.020.02-0.010.02-0.080.03-0.030.15-0.030.01-0.04-0.04-0.14-0.55-0.02-0.040.02-0.03-0.07
1.00.970.990.991.0-0.850.980.911.00.910.930.941.00.85-0.030.980.981.00.90.440.991.00.450.99-0.05
0.980.980.980.970.97-0.830.970.90.980.90.910.90.970.850.010.980.970.970.910.370.980.970.490.98-0.12
0.980.980.980.960.98-0.790.990.910.970.910.970.930.980.83-0.040.980.970.980.920.370.960.980.420.97-0.07
1.00.970.990.991.0-0.870.970.911.00.910.920.941.00.84-0.041.00.970.980.880.470.991.00.460.99-0.03
0.90.930.910.880.89-0.770.90.790.890.790.90.850.880.79-0.140.90.910.920.880.360.910.890.420.9-0.06
0.430.340.40.450.47-0.650.340.40.450.40.280.360.460.3-0.550.440.370.370.470.360.450.460.250.450.16
0.990.970.990.990.99-0.880.960.911.00.910.890.940.990.87-0.020.990.980.960.990.910.450.990.480.99-0.07
1.00.970.990.991.0-0.850.970.90.990.90.930.941.00.82-0.041.00.970.981.00.890.460.990.440.99-0.05
0.450.530.440.470.46-0.620.390.520.460.520.360.430.430.320.020.450.490.420.460.420.250.480.440.41-0.03
0.990.960.990.990.99-0.840.970.910.990.910.90.930.990.88-0.030.990.980.970.990.90.450.990.990.41-0.05
-0.04-0.11-0.03-0.01-0.020.12-0.11-0.26-0.03-0.26-0.03-0.01-0.03-0.1-0.07-0.05-0.12-0.07-0.03-0.060.16-0.07-0.05-0.03-0.05
Click cells to compare fundamentals

Exchange Income Account Relationship Matchups

Exchange Income fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.3B2.3B2.6B3.5B4.1B4.3B
Total Current Liabilities280.3M295.3M475.4M580.5M618.6M649.6M
Total Stockholder Equity729.8M685.9M800.3M1.0B1.2B1.3B
Property Plant And Equipment Net1.1B1.0B1.2B1.4B1.7B1.8B
Net Debt1.1B1.1B1.2B1.6B1.9B2.0B
Retained Earnings(51.5M)(103.4M)(120.2M)(108.0M)(100.3M)(95.3M)
Accounts Payable210.5M214.5M267.6M451.9M461.9M485.0M
Cash22.1M69.9M75.4M139.9M103.6M108.7M
Non Current Assets Total1.7B1.7B1.9B2.5B2.9B3.1B
Cash And Short Term Investments22.1M69.9M75.4M139.9M103.6M108.7M
Net Receivables310.1M285.3M329.5M468.2M583.8M613.0M
Common Stock Shares Outstanding38.1M36.0M38.1M47.3M52.0M54.6M
Liabilities And Stockholders Equity2.3B2.3B2.6B3.5B4.1B4.3B
Non Current Liabilities Total1.3B1.3B1.3B1.9B2.2B2.3B
Other Current Assets31.2M28.0M40.1M102.8M63.6M66.8M
Other Stockholder Equity38.9M39.9M46.7M46.4M47.4M40.0M
Total Liab1.5B1.6B1.8B2.5B2.8B3.0B
Property Plant And Equipment Gross1.1B1.0B1.8B2.3B2.7B2.9B
Total Current Assets588.2M619.0M700.5M1.0B1.2B1.2B
Accumulated Other Comprehensive Income32.9M18.1M21.0M60.9M45.5M47.8M
Short Long Term Debt Total1.1B1.2B1.3B1.8B2.0B2.1B
Current Deferred Revenue46.6M53.0M83.7M90.6M112.6M118.2M
Non Currrent Assets Other37.8M26.4M7.8M25.4M12.5M13.1M
Good Will359.8M397.6M486.9M626.3M713.2M748.9M
Inventory224.9M235.9M255.5M335.1M408.4M428.8M
Short Term Debt23.3M22.6M119.4M31.1M36.9M21.3M
Intangible Assets164.7M161.8M180.7M300.4M332.4M349.0M
Other Current Liab210.5M5.3M4.6M6.9M7.3M6.9M
Common Stock Total Equity576.5M588.5M709.5M731.3M841.0M534.1M
Common Stock709.5M731.3M852.8M1.0B1.3B687.1M
Other Liab129.6M117.2M141.2M197.4M227.0M118.2M
Net Tangible Assets205.4M126.6M132.7M92.3M83.1M110.4M
Other Assets37.8M26.4M7.8M15.2M17.5M17.9M
Long Term Debt1.0B1.1B1.1B1.6B1.8B1.0B
Property Plant Equipment1.1B1.0B1.2B1.4B1.7B914.9M
Long Term Investments42.4M49.0M58.8M109.1M121.2M127.3M
Long Term Debt Total1.1B1.2B1.2B1.7B2.0B1.1B
Capital Lease Obligations113.9M96.4M90M164.3M180.2M189.2M

Pair Trading with Exchange Income

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

Moving together with Exchange Stock

  0.84MNT Royal Canadian MintPairCorr
  0.78CYB CymbriaPairCorr
The ability to find closely correlated positions to Exchange Income could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Exchange Income 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 Exchange Income - 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 Exchange Income to buy it.
The correlation of Exchange Income 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 Exchange Income moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Exchange Income 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 Exchange Income 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 Exchange Stock

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