Fairfax Change To Account Receivables vs Sale Purchase Of Stock Analysis
FFH Stock | CAD 1,986 12.42 0.63% |
Fairfax Financial financial indicator trend analysis is much more than just examining Fairfax Financial latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Fairfax Financial is a good investment. Please check the relationship between Fairfax Financial Change To Account Receivables and its Sale Purchase Of Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fairfax Financial Holdings. 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.
Change To Account Receivables vs Sale Purchase Of Stock
Change To Account Receivables vs Sale Purchase Of Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Fairfax Financial Change To Account Receivables account and Sale Purchase Of Stock. At this time, the significance of the direction appears to have strong relationship.
The correlation between Fairfax Financial's Change To Account Receivables and Sale Purchase Of Stock is 0.73. Overlapping area represents the amount of variation of Change To Account Receivables that can explain the historical movement of Sale Purchase Of Stock in the same time period over historical financial statements of Fairfax Financial Holdings, assuming nothing else is changed. The correlation between historical values of Fairfax Financial's Change To Account Receivables and Sale Purchase Of Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Account Receivables of Fairfax Financial Holdings are associated (or correlated) with its Sale Purchase Of Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Sale Purchase Of Stock has no effect on the direction of Change To Account Receivables i.e., Fairfax Financial's Change To Account Receivables and Sale Purchase Of Stock go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Change To Account Receivables
Sale Purchase Of Stock
Most indicators from Fairfax Financial's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Fairfax Financial 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 Fairfax Financial Holdings. 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, Fairfax Financial's Tax Provision is very stable compared to the past year. As of the 30th of November 2024, Enterprise Value is likely to grow to about 29.8 B, while Selling General Administrative is likely to drop about 408.7 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 513.9M | 452.8M | 510M | 535.5M | Depreciation And Amortization | 930.4M | 677.4M | 896M | 940.8M |
Fairfax Financial fundamental ratios Correlations
Click cells to compare fundamentals
Fairfax Financial Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Fairfax Financial fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 70.5B | 74.1B | 86.6B | 92.1B | 92.0B | 96.6B | |
Short Long Term Debt Total | 9.6B | 11.9B | 7.8B | 10.4B | 10.8B | 11.3B | |
Other Current Liab | (4.2B) | (9.6B) | (7.1B) | (11.0B) | (3.4B) | (3.2B) | |
Total Current Liabilities | 4.2B | 9.6B | 10.1B | 11.0B | 3.0B | 3.9B | |
Total Stockholder Equity | 14.4B | 13.9B | 16.4B | 16.7B | 23.0B | 24.1B | |
Property Plant And Equipment Net | 2.7B | 2.8B | 2.3B | 2.9B | 3.3B | 3.4B | |
Net Debt | 4.4B | (7.5B) | (17.6B) | (2.4B) | 5.0B | 5.3B | |
Retained Earnings | 7.4B | 7.1B | 10.0B | 10.5B | 16.9B | 17.7B | |
Non Current Assets Total | 42.8B | 35.0B | 34.9B | 50.7B | 144.4B | 151.6B | |
Non Currrent Assets Other | (42.8B) | (35.0B) | (34.9B) | (50.7B) | (67.2B) | (63.8B) | |
Common Stock Shares Outstanding | 28.1M | 34.7M | 27.8M | 25.3M | 25.0M | 20.8M | |
Liabilities And Stockholders Equity | 70.5B | 74.1B | 86.6B | 92.1B | 92.0B | 96.6B | |
Non Current Liabilities Total | 8.4B | 9.7B | 8.7B | 11.0B | 64.8B | 68.1B | |
Other Current Assets | 10.3B | 9.0B | 10.3B | 10.8B | 12.4B | 8.6B | |
Other Stockholder Equity | (844.2M) | (12.6B) | (303.3M) | (9.5B) | (906.7M) | (952.0M) | |
Total Liab | 52.6B | 56.5B | 65.3B | 71.8B | 64.3B | 67.5B | |
Property Plant And Equipment Gross | 1.3B | 1.2B | 2.7B | 2.8B | 3.2B | 3.3B | |
Total Current Assets | 26.7B | 32.7B | 44.3B | 36.1B | 10.5B | 15.9B | |
Short Term Debt | 853.4M | 1.7B | 647.6M | 693.4M | 790.6M | 830.1M | |
Intangible Assets | 3.2B | 3.1B | 2.8B | 2.8B | 3.3B | 3.4B | |
Other Assets | 1.0B | 6.4B | 7.4B | 5.4B | (63.0B) | (59.8B) | |
Net Receivables | 16.1B | 16.3B | 19.0B | 21.0B | 2.6B | 2.4B | |
Good Will | 3.0B | 3.1B | 3.1B | 2.9B | 3.1B | 1.7B | |
Common Stock Total Equity | 6.9B | 6.9B | 6.8B | 6.7B | 7.7B | 4.5B | |
Accumulated Other Comprehensive Income | (711.7M) | (799M) | (801.7M) | (979.6M) | (349.5M) | (332.0M) | |
Common Stock | 6.8B | 12.5B | 15.0B | 15.3B | 6.0B | 6.9B | |
Accounts Payable | 3.4B | 8.0B | 6.4B | 10.3B | 2.2B | 3.0B | |
Cash | 4.3B | 16.3B | 25.3B | 11.7B | 5.8B | 7.7B | |
Cash And Short Term Investments | 10.6B | 16.3B | 25.3B | 11.7B | 8.0B | 10.5B | |
Short Term Investments | 6.3B | 8.5B | 9.7B | 3.3B | 2.2B | 2.1B | |
Other Liab | 22.9B | 24.5B | 30.3B | 32.7B | 37.6B | 23.7B | |
Net Tangible Assets | 6.8B | 6.3B | 9.1B | 9.7B | 11.1B | 7.4B | |
Long Term Debt | 7.2B | 8.8B | 7.8B | 8.6B | 8.9B | 6.8B | |
Inventory | 694.5M | 645.6M | 547.3M | 668.2M | 768.4M | 426.7M | |
Long Term Investments | 33.9B | 26.1B | 26.7B | 42.1B | 57.6B | 32.9B | |
Short Long Term Debt | 763.4M | 1.9B | 647.6M | 693.4M | 790.6M | 858.5M | |
Property Plant Equipment | 2.7B | 2.8B | 2.3B | 2.9B | 3.3B | 1.7B | |
Long Term Debt Total | 8.7B | 10.3B | 7.8B | 9.7B | 11.2B | 8.5B | |
Treasury Stock | (587.5M) | (661.1M) | (732.8M) | (808.1M) | (727.3M) | (763.7M) | |
Cash And Equivalents | 3M | 0.0 | 554.3M | 40.6M | 36.5M | 34.7M |
Pair Trading with Fairfax Financial
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 Fairfax Financial 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 Fairfax Financial will appreciate offsetting losses from the drop in the long position's value.Moving against Fairfax Stock
0.93 | DII-B | Dorel Industries | PairCorr |
0.82 | TC | Tucows Inc | PairCorr |
0.8 | SLF-PH | Sun Lif Non | PairCorr |
0.5 | AIM | Aimia Inc | PairCorr |
The ability to find closely correlated positions to Fairfax Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fairfax Financial 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 Fairfax Financial - 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 Fairfax Financial Holdings to buy it.
The correlation of Fairfax Financial 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 Fairfax Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fairfax Financial 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 Fairfax Financial 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 Fairfax Stock
Balance Sheet is a snapshot of the financial position of Fairfax Financial at a specified time, usually calculated after every quarter, six months, or one year. Fairfax Financial Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Fairfax Financial 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 Fairfax currently owns. An asset can also be divided into two categories, current and non-current.