IXAQ Free Cash Flow Yield vs Graham Number Analysis

IXAQ Stock

USD 11.50 0.05 0.43%

IX Acquisition financial indicator trend analysis is infinitely more than just investigating IX Acquisition Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IX Acquisition Corp is a good investment. Please check the relationship between IX Acquisition Free Cash Flow Yield and its Graham Number accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IX Acquisition 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 nation.

Free Cash Flow Yield vs Graham Number

Free Cash Flow Yield vs Graham Number Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IX Acquisition Corp Free Cash Flow Yield account and Graham Number. At this time, the significance of the direction appears to have totally related.

The correlation between IX Acquisition's Free Cash Flow Yield and Graham Number is 0.99. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Graham Number in the same time period over historical financial statements of IX Acquisition Corp, assuming nothing else is changed. The correlation between historical values of IX Acquisition's Free Cash Flow Yield and Graham Number 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 IX Acquisition Corp are associated (or correlated) with its Graham Number. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Graham Number has no effect on the direction of Free Cash Flow Yield i.e., IX Acquisition's Free Cash Flow Yield and Graham Number go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

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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.

Graham Number

Most indicators from IX Acquisition's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IX Acquisition 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 IX Acquisition 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 nation.

As of 11/24/2024, Enterprise Value Over EBITDA is likely to drop to 24.31. In addition to that, Enterprise Value Multiple is likely to drop to 24.31

	2010	2022	2023	2024 (projected)
Interest Expense	10.0M	10.7M	12.3M	11.4M
Depreciation And Amortization	739.0K	1.4M	1.0M	1.2M

Interest Expense Depreciation And Amortization

IX Acquisition fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Total Current Assets	Capital Stock	Net Working Capital	Common Stock
Total Assets		-0.82	-0.9	1.0	0.95	-0.83	-0.99	-0.85	0.81	0.81	1.0	-0.06	1.0	0.81	0.94	0.98	0.88	0.94	0.9	-0.83	0.87	1.0	0.87	1.0	0.97	1.0
Other Current Liab	-0.82		0.93	-0.8	-0.77	0.98	0.89	0.99	-0.35	-0.98	-0.82	0.6	-0.82	-0.98	-0.71	-0.84	-0.99	-0.71	-0.5	0.98	-0.99	-0.8	-0.98	-0.82	-0.94	-0.82
Total Current Liabilities	-0.9	0.93		-0.9	-0.77	0.86	0.92	0.9	-0.61	-0.86	-0.9	0.28	-0.9	-0.86	-0.73	-0.96	-0.95	-0.73	-0.72	0.86	-0.93	-0.9	-0.9	-0.9	-0.94	-0.9
Total Stockholder Equity	1.0	-0.8	-0.9		0.95	-0.81	-0.98	-0.83	0.83	0.79	1.0	-0.04	1.0	0.79	0.94	0.98	0.87	0.94	0.91	-0.81	0.86	1.0	0.86	1.0	0.96	1.0
Other Liab	0.95	-0.77	-0.77	0.95		-0.84	-0.96	-0.84	0.73	0.82	0.95	-0.14	0.95	0.82	1.0	0.88	0.82	1.0	0.82	-0.84	0.84	0.95	0.87	0.95	0.93	0.95
Net Tangible Assets	-0.83	0.98	0.86	-0.81	-0.84		0.91	1.0	-0.34	-1.0	-0.82	0.62	-0.82	-1.0	-0.79	-0.81	-0.97	-0.79	-0.5	1.0	-0.99	-0.81	-1.0	-0.82	-0.94	-0.82
Net Debt	-0.99	0.89	0.92	-0.98	-0.96	0.91		0.92	-0.71	-0.89	-0.99	0.23	-0.99	-0.89	-0.94	-0.97	-0.94	-0.94	-0.81	0.91	-0.94	-0.98	-0.94	-0.99	-0.99	-0.99
Retained Earnings	-0.85	0.99	0.9	-0.83	-0.84	1.0	0.92		-0.38	-1.0	-0.85	0.58	-0.85	-1.0	-0.79	-0.84	-0.99	-0.79	-0.53	1.0	-1.0	-0.83	-1.0	-0.85	-0.96	-0.85
Accounts Payable	0.81	-0.35	-0.61	0.83	0.73	-0.34	-0.71	-0.38		0.31	0.82	0.53	0.81	0.31	0.76	0.79	0.45	0.76	0.99	-0.35	0.43	0.83	0.43	0.82	0.63	0.82
Cash	0.81	-0.98	-0.86	0.79	0.82	-1.0	-0.89	-1.0	0.31		0.8	-0.64	0.8	1.0	0.76	0.8	0.97	0.76	0.47	-1.0	0.99	0.79	0.99	0.8	0.93	0.8
Non Current Assets Total	1.0	-0.82	-0.9	1.0	0.95	-0.82	-0.99	-0.85	0.82	0.8		-0.06	1.0	0.8	0.94	0.98	0.88	0.94	0.9	-0.83	0.87	1.0	0.87	1.0	0.96	1.0
Non Currrent Assets Other	-0.06	0.6	0.28	-0.04	-0.14	0.62	0.23	0.58	0.53	-0.64	-0.06		-0.06	-0.64	-0.07	-0.07	-0.5	-0.07	0.38	0.61	-0.54	-0.04	-0.54	-0.06	-0.32	-0.06
Other Assets	1.0	-0.82	-0.9	1.0	0.95	-0.82	-0.99	-0.85	0.81	0.8	1.0	-0.06		0.8	0.94	0.98	0.88	0.94	0.9	-0.83	0.87	1.0	0.87	1.0	0.97	1.0
Cash And Short Term Investments	0.81	-0.98	-0.86	0.79	0.82	-1.0	-0.89	-1.0	0.31	1.0	0.8	-0.64	0.8		0.76	0.8	0.97	0.76	0.47	-1.0	0.99	0.79	0.99	0.8	0.93	0.8
Net Receivables	0.94	-0.71	-0.73	0.94	1.0	-0.79	-0.94	-0.79	0.76	0.76	0.94	-0.07	0.94	0.76		0.86	0.77	1.0	0.84	-0.79	0.79	0.94	0.83	0.94	0.9	0.94
Common Stock Shares Outstanding	0.98	-0.84	-0.96	0.98	0.88	-0.81	-0.97	-0.84	0.79	0.8	0.98	-0.07	0.98	0.8	0.86		0.9	0.86	0.88	-0.81	0.88	0.98	0.86	0.98	0.95	0.98
Non Current Liabilities Total	0.88	-0.99	-0.95	0.87	0.82	-0.97	-0.94	-0.99	0.45	0.97	0.88	-0.5	0.88	0.97	0.77	0.9		0.77	0.59	-0.97	1.0	0.87	0.98	0.88	0.97	0.88
Inventory	0.94	-0.71	-0.73	0.94	1.0	-0.79	-0.94	-0.79	0.76	0.76	0.94	-0.07	0.94	0.76	1.0	0.86	0.77		0.84	-0.79	0.79	0.94	0.83	0.94	0.9	0.94
Other Current Assets	0.9	-0.5	-0.72	0.91	0.82	-0.5	-0.81	-0.53	0.99	0.47	0.9	0.38	0.9	0.47	0.84	0.88	0.59	0.84		-0.5	0.57	0.91	0.58	0.9	0.75	0.9
Other Stockholder Equity	-0.83	0.98	0.86	-0.81	-0.84	1.0	0.91	1.0	-0.35	-1.0	-0.83	0.61	-0.83	-1.0	-0.79	-0.81	-0.97	-0.79	-0.5		-0.99	-0.81	-1.0	-0.83	-0.94	-0.83
Total Liab	0.87	-0.99	-0.93	0.86	0.84	-0.99	-0.94	-1.0	0.43	0.99	0.87	-0.54	0.87	0.99	0.79	0.88	1.0	0.79	0.57	-0.99		0.86	0.99	0.87	0.97	0.87
Net Invested Capital	1.0	-0.8	-0.9	1.0	0.95	-0.81	-0.98	-0.83	0.83	0.79	1.0	-0.04	1.0	0.79	0.94	0.98	0.87	0.94	0.91	-0.81	0.86		0.86	1.0	0.96	1.0
Total Current Assets	0.87	-0.98	-0.9	0.86	0.87	-1.0	-0.94	-1.0	0.43	0.99	0.87	-0.54	0.87	0.99	0.83	0.86	0.98	0.83	0.58	-1.0	0.99	0.86		0.87	0.97	0.87
Capital Stock	1.0	-0.82	-0.9	1.0	0.95	-0.82	-0.99	-0.85	0.82	0.8	1.0	-0.06	1.0	0.8	0.94	0.98	0.88	0.94	0.9	-0.83	0.87	1.0	0.87		0.96	1.0
Net Working Capital	0.97	-0.94	-0.94	0.96	0.93	-0.94	-0.99	-0.96	0.63	0.93	0.96	-0.32	0.97	0.93	0.9	0.95	0.97	0.9	0.75	-0.94	0.97	0.96	0.97	0.96		0.96
Common Stock	1.0	-0.82	-0.9	1.0	0.95	-0.82	-0.99	-0.85	0.82	0.8	1.0	-0.06	1.0	0.8	0.94	0.98	0.88	0.94	0.9	-0.83	0.87	1.0	0.87	1.0	0.96

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IX Acquisition Account Relationship Matchups

Pair Trading with IX Acquisition

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

Moving together with IXAQ Stock

0.72	AB	AllianceBernstein	Pair Corr
0.67	AC	Associated Capital	Pair Corr

Moving against IXAQ Stock

0.51

Pintec Technology

Pair Corr

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

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

Additional Tools for IXAQ Stock Analysis

When running IX Acquisition's price analysis, check to measure IX Acquisition's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IX Acquisition is operating at the current time. Most of IX Acquisition's value examination focuses on studying past and present price action to predict the probability of IX Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IX Acquisition's price. Additionally, you may evaluate how the addition of IX Acquisition to your portfolios can decrease your overall portfolio volatility.

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