Global Capex To Depreciation vs Free Cash Flow Yield Analysis

GLO Stock

CAD 1.09 0.01 0.91%

Global Atomic financial indicator trend analysis is much more than just examining Global Atomic Corp latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Global Atomic Corp is a good investment. Please check the relationship between Global Atomic Capex To Depreciation and its Free Cash Flow Yield accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Atomic Corp. 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.

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Global Atomic Corp Capex To Depreciation account and Free Cash Flow Yield. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Global Atomic's Capex To Depreciation and Free Cash Flow Yield is -0.18. Overlapping area represents the amount of variation of Capex To Depreciation that can explain the historical movement of Free Cash Flow Yield in the same time period over historical financial statements of Global Atomic Corp, assuming nothing else is changed. The correlation between historical values of Global Atomic's Capex To Depreciation and Free Cash Flow Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capex To Depreciation of Global Atomic Corp are associated (or correlated) with its Free Cash Flow Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow Yield has no effect on the direction of Capex To Depreciation i.e., Global Atomic's Capex To Depreciation and Free Cash Flow Yield go up and down completely randomly.

Correlation Coefficient

-0.18

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

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.

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.

Most indicators from Global Atomic's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Global Atomic Corp 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Atomic Corp. 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, Global Atomic's Selling General Administrative is very stable compared to the past year. As of the 26th of November 2024, Issuance Of Capital Stock is likely to grow to about 74.6 M, though Enterprise Value Over EBITDA is likely to grow to (54.16).

	2021	2022	2023	2024 (projected)
Gross Profit	805.4K	888.2K	417.6K	594.4K
Total Revenue	957.7K	1.1M	690.0K	655.5K

Gross Profit Total Revenue

Global Atomic fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Investments	Short Term Debt	Short Long Term Debt Total	Non Currrent Assets Other	Current Deferred Revenue	Inventory	Other Assets
Total Assets		0.97	0.94	1.0	0.92	-0.62	-0.24	0.41	0.82	0.99	0.82	-0.16	0.91	0.86	0.49	0.32	0.93	0.97	0.81	0.0	0.86	0.85	0.43	-0.24	-0.32	0.59
Other Current Liab	0.97		0.97	0.96	0.93	-0.54	-0.44	0.42	0.78	0.96	0.78	-0.05	0.82	0.9	0.41	0.36	0.97	0.97	0.78	-0.08	0.89	0.89	0.32	-0.18	-0.22	0.49
Total Current Liabilities	0.94	0.97		0.93	0.89	-0.44	-0.45	0.53	0.7	0.95	0.7	-0.01	0.76	0.94	0.37	0.26	0.99	0.95	0.71	-0.06	0.92	0.9	0.35	-0.19	-0.22	0.42
Total Stockholder Equity	1.0	0.96	0.93		0.91	-0.64	-0.21	0.41	0.83	0.99	0.83	-0.18	0.92	0.84	0.51	0.32	0.92	0.96	0.82	0.01	0.84	0.83	0.44	-0.25	-0.34	0.61
Property Plant And Equipment Net	0.92	0.93	0.89	0.91		-0.46	-0.47	0.28	0.7	0.92	0.7	-0.28	0.79	0.87	0.28	0.5	0.92	0.98	0.67	0.04	0.86	0.87	0.16	-0.3	-0.38	0.4
Net Debt	-0.62	-0.54	-0.44	-0.64	-0.46		-0.05	-0.14	-0.93	-0.52	-0.93	0.15	-0.63	-0.3	-0.92	-0.36	-0.41	-0.49	-0.92	-0.09	-0.32	-0.32	-0.27	0.18	0.3	-0.88
Retained Earnings	-0.24	-0.44	-0.45	-0.21	-0.47	-0.05		-0.01	-0.18	-0.24	-0.18	-0.31	0.03	-0.54	0.14	-0.34	-0.52	-0.4	-0.22	0.02	-0.55	-0.59	0.41	0.15	0.02	0.22
Accounts Payable	0.41	0.42	0.53	0.41	0.28	-0.14	-0.01		0.17	0.44	0.17	0.16	0.38	0.33	0.31	0.06	0.4	0.35	0.2	0.18	0.25	0.14	0.33	-0.21	-0.19	0.3
Cash	0.82	0.78	0.7	0.83	0.7	-0.93	-0.18	0.17		0.75	1.0	-0.13	0.75	0.61	0.81	0.37	0.69	0.74	0.99	0.0	0.63	0.64	0.31	-0.19	-0.29	0.8
Non Current Assets Total	0.99	0.96	0.95	0.99	0.92	-0.52	-0.24	0.44	0.75		0.75	-0.19	0.9	0.88	0.4	0.3	0.94	0.98	0.73	-0.01	0.86	0.85	0.43	-0.24	-0.32	0.52
Cash And Short Term Investments	0.82	0.78	0.7	0.83	0.7	-0.93	-0.18	0.17	1.0	0.75		-0.13	0.75	0.61	0.81	0.37	0.69	0.74	0.99	0.0	0.63	0.64	0.31	-0.19	-0.29	0.8
Net Receivables	-0.16	-0.05	-0.01	-0.18	-0.28	0.15	-0.31	0.16	-0.13	-0.19	-0.13		-0.15	-0.06	-0.12	-0.15	-0.01	-0.21	0.0	0.18	-0.04	-0.04	-0.11	-0.17	0.14	-0.23
Common Stock Shares Outstanding	0.91	0.82	0.76	0.92	0.79	-0.63	0.03	0.38	0.75	0.9	0.75	-0.15		0.61	0.49	0.37	0.73	0.84	0.74	0.25	0.61	0.61	0.41	-0.43	-0.49	0.67
Non Current Liabilities Total	0.86	0.9	0.94	0.84	0.87	-0.3	-0.54	0.33	0.61	0.88	0.61	-0.06	0.61		0.22	0.17	0.97	0.9	0.61	-0.15	0.99	0.97	0.3	-0.13	-0.16	0.24
Other Current Assets	0.49	0.41	0.37	0.51	0.28	-0.92	0.14	0.31	0.81	0.4	0.81	-0.12	0.49	0.22		0.2	0.29	0.33	0.8	0.15	0.23	0.18	0.28	-0.19	-0.33	0.88
Other Stockholder Equity	0.32	0.36	0.26	0.32	0.5	-0.36	-0.34	0.06	0.37	0.3	0.37	-0.15	0.37	0.17	0.2		0.27	0.39	0.36	0.3	0.17	0.21	-0.39	-0.36	-0.37	0.27
Total Liab	0.93	0.97	0.99	0.92	0.92	-0.41	-0.52	0.4	0.69	0.94	0.69	-0.01	0.73	0.97	0.29	0.27		0.96	0.7	-0.12	0.96	0.95	0.32	-0.16	-0.18	0.35
Property Plant And Equipment Gross	0.97	0.97	0.95	0.96	0.98	-0.49	-0.4	0.35	0.74	0.98	0.74	-0.21	0.84	0.9	0.33	0.39	0.96		0.72	-0.01	0.89	0.9	0.31	-0.26	-0.33	0.45
Total Current Assets	0.81	0.78	0.71	0.82	0.67	-0.92	-0.22	0.2	0.99	0.73	0.99	0.0	0.74	0.61	0.8	0.36	0.7	0.72		0.03	0.63	0.64	0.3	-0.22	-0.28	0.78
Short Term Investments	0.0	-0.08	-0.06	0.01	0.04	-0.09	0.02	0.18	0.0	-0.01	0.0	0.18	0.25	-0.15	0.15	0.3	-0.12	-0.01	0.03		-0.15	-0.17	-0.24	-0.96	-0.89	0.14
Short Term Debt	0.86	0.89	0.92	0.84	0.86	-0.32	-0.55	0.25	0.63	0.86	0.63	-0.04	0.61	0.99	0.23	0.17	0.96	0.89	0.63	-0.15		0.98	0.29	-0.13	-0.16	0.24
Short Long Term Debt Total	0.85	0.89	0.9	0.83	0.87	-0.32	-0.59	0.14	0.64	0.85	0.64	-0.04	0.61	0.97	0.18	0.21	0.95	0.9	0.64	-0.17	0.98		0.26	-0.12	-0.14	0.22
Non Currrent Assets Other	0.43	0.32	0.35	0.44	0.16	-0.27	0.41	0.33	0.31	0.43	0.31	-0.11	0.41	0.3	0.28	-0.39	0.32	0.31	0.3	-0.24	0.29	0.26		0.18	0.13	0.43
Current Deferred Revenue	-0.24	-0.18	-0.19	-0.25	-0.3	0.18	0.15	-0.21	-0.19	-0.24	-0.19	-0.17	-0.43	-0.13	-0.19	-0.36	-0.16	-0.26	-0.22	-0.96	-0.13	-0.12	0.18		0.94	-0.2
Inventory	-0.32	-0.22	-0.22	-0.34	-0.38	0.3	0.02	-0.19	-0.29	-0.32	-0.29	0.14	-0.49	-0.16	-0.33	-0.37	-0.18	-0.33	-0.28	-0.89	-0.16	-0.14	0.13	0.94		-0.33
Other Assets	0.59	0.49	0.42	0.61	0.4	-0.88	0.22	0.3	0.8	0.52	0.8	-0.23	0.67	0.24	0.88	0.27	0.35	0.45	0.78	0.14	0.24	0.22	0.43	-0.2	-0.33

Click cells to compare fundamentals

Global Atomic Account Relationship Matchups

Global Atomic fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.6M	53.0M	93.6M	110.3M	177.6M	186.5M
Other Current Liab	213.3K	858.6K	2.0M	3.4M	5.6M	5.8M
Total Current Liabilities	599.8K	1.2M	2.8M	6.8M	10.8M	11.4M
Total Stockholder Equity	53.0M	51.8M	90.7M	101.1M	157.8M	165.6M
Property Plant And Equipment Net	32.7M	37.9M	49.6M	84.4M	137.5M	144.4M
Net Debt	(3.7M)	(2.4M)	(33.9M)	(7.7M)	(13.8M)	(13.1M)
Retained Earnings	9.9M	6.3M	2.2M	(2.4M)	(19.0M)	(18.0M)
Accounts Payable	276.6K	324.6K	612.5K	3.1M	1.2M	598.7K
Cash	3.9M	2.4M	34.2M	8.4M	24.9M	26.1M
Non Current Assets Total	49.3M	50.2M	58.8M	101.2M	151.8M	159.4M
Cash And Short Term Investments	3.9M	2.4M	34.2M	8.4M	24.9M	26.1M
Net Receivables	414.5K	272.9K	309.8K	550.4K	683.3K	793.5K
Common Stock Shares Outstanding	150.6M	149.4M	162.4M	177.6M	198.1M	208.0M
Liabilities And Stockholders Equity	53.6M	53.0M	93.6M	110.3M	177.6M	186.5M
Non Current Liabilities Total	47.9K	0.0	109.4K	1.9M	8.6M	9.0M
Other Current Assets	34.3K	73.1K	498.0K	131.0K	207.7K	106.5K
Other Stockholder Equity	9.0M	9.6M	17.0M	18.8M	21.5M	11.7M
Total Liab	647.8K	1.2M	2.9M	8.7M	19.4M	20.4M
Property Plant And Equipment Gross	32.7M	37.9M	49.9M	86.1M	145.5M	152.8M
Total Current Assets	4.3M	2.8M	34.8M	9.1M	25.7M	27.0M
Accumulated Other Comprehensive Income	(13.9M)	(15.4M)	(24.5M)	(23.7M)	(14.2M)	(13.5M)
Short Term Debt	109.9K	47.9K	163.5K	391.2K	4.1M	4.3M
Non Currrent Assets Other	703.5K	864.3K	187.8K	1.1M	1.4M	1.4M
Other Assets	703.5K	864.3K	2.7M	1.1M	1.3M	639.9K
Net Tangible Assets	50.0M	53.0M	51.8M	90.5M	104.1M	52.8M
Capital Surpluse	9.0M	9.6M	17.0M	18.8M	21.6M	11.1M
Common Stock	48.0M	51.3M	96.1M	108.3M	169.4M	177.9M
Property Plant Equipment	32.7M	37.9M	46.9M	83.4M	95.9M	100.6M
Long Term Investments	15.9M	11.5M	9.0M	16.4M	12.6M	13.2M
Cash And Equivalents	3.9M	2.4M	34.2M	8.4M	9.7M	9.3M
Net Invested Capital	53.0M	51.8M	90.7M	101.1M	161.2M	85.5M
Net Working Capital	3.7M	1.6M	32.1M	2.2M	14.9M	9.6M
Capital Stock	48.0M	51.3M	96.1M	108.3M	169.4M	95.0M

Pair Trading with Global Atomic

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

Moving against Global Stock

0.82	RY-PM	Royal Bank	Pair Corr
0.79	RY-PS	Royal Bank	Pair Corr
0.79	RY-PJ	Royal Bank	Pair Corr
0.77	BOFA	Bank of America	Pair Corr
0.75	JPM	JPMorgan Chase	Pair Corr

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

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

Balance Sheet is a snapshot of the financial position of Global Atomic Corp at a specified time, usually calculated after every quarter, six months, or one year. Global Atomic Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Global Atomic 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 Global 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

Global Capex To Depreciation vs Free Cash Flow Yield Analysis

Capex To Depreciation vs Free Cash Flow Yield

Capex To Depreciation vs Free Cash Flow Yield Correlation Analysis

Correlation Coefficient

Capex To Depreciation

Free Cash Flow Yield

Global Atomic fundamental ratios Correlations

Global Atomic Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Global Atomic fundamental ratios Accounts

Pair Trading with Global Atomic

Moving against Global Stock

Other Information on Investing in Global Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Non Current Assets Total	+ 0.99	Total Assets
Total Liab	+ 0.99	Total Current Liabilities
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Total Current Assets	+ 0.99	Cash

Current Deferred Revenue	- 0.96	Short Term Investments
Cash And Short Term Investments	- 0.93	Net Debt
Cash	- 0.93	Net Debt
Total Current Assets	- 0.92	Net Debt
Other Current Assets	- 0.92	Net Debt
Inventory	- 0.89	Short Term Investments