National Investments vs Free Cash Flow Analysis

NA Stock

CAD 137.81 0.41 0.30%

National Bank financial indicator trend analysis is infinitely more than just investigating National Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether National Bank is a good investment. Please check the relationship between National Bank Investments and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of National Bank Investments account and Free Cash Flow. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between National Bank's Investments and Free Cash Flow is -0.48. Overlapping area represents the amount of variation of Investments that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of National Bank of, assuming nothing else is changed. The correlation between historical values of National Bank's Investments and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Investments of National Bank of are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Investments i.e., National Bank's Investments and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Investments

Securities or assets acquired for generating income or appreciating in value, not used in daily operations.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from National Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into National Bank 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in National Bank of. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

As of the 22nd of November 2024, Selling General Administrative is likely to grow to about 4.2 B, while Tax Provision is likely to drop about 590.1 M.

	2021	2022	2023	2024 (projected)
Interest Expense	4.3B	13.2B	15.2B	15.9B
Depreciation And Amortization	481M	524M	602.6M	632.7M

Interest Expense Depreciation And Amortization

National Bank 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	Cash	Non Current Assets Total	Non Currrent Assets Other	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	Other Assets	Good Will	Short Term Investments	Intangible Assets	Common Stock
Total Assets		0.89	-0.83	0.91	1.0	0.75	0.4	0.99	0.5	0.94	0.99	0.34	0.93	0.89	0.16	0.93	0.83	0.58	1.0	0.86	0.44	1.0	0.78	-0.15	0.68	0.83
Short Long Term Debt Total	0.89		-0.96	0.99	0.9	0.81	0.74	0.89	0.35	0.83	0.87	0.42	0.83	0.79	0.35	0.97	0.79	0.49	0.89	0.84	0.45	0.89	0.77	-0.05	0.68	0.84
Other Current Liab	-0.83	-0.96		-0.96	-0.84	-0.75	-0.75	-0.83	-0.43	-0.76	-0.83	-0.41	-0.77	-0.7	-0.39	-0.92	-0.74	-0.37	-0.83	-0.76	-0.43	-0.83	-0.83	0.09	-0.78	-0.88
Total Current Liabilities	0.91	0.99	-0.96		0.92	0.82	0.71	0.91	0.41	0.84	0.9	0.44	0.84	0.81	0.31	0.98	0.82	0.49	0.91	0.85	0.42	0.91	0.78	-0.07	0.69	0.84
Total Stockholder Equity	1.0	0.9	-0.84	0.92		0.75	0.42	1.0	0.46	0.95	0.98	0.4	0.93	0.9	0.19	0.94	0.87	0.62	0.99	0.87	0.47	1.0	0.76	-0.15	0.65	0.83
Property Plant And Equipment Net	0.75	0.81	-0.75	0.82	0.75		0.53	0.77	0.41	0.74	0.73	0.28	0.82	0.79	0.22	0.82	0.64	0.55	0.75	0.95	0.51	0.73	0.55	0.31	0.39	0.62
Net Debt	0.4	0.74	-0.75	0.71	0.42	0.53		0.4	0.24	0.23	0.38	0.31	0.27	0.42	0.36	0.61	0.36	0.06	0.4	0.41	-0.03	0.42	0.55	0.03	0.5	0.53
Retained Earnings	0.99	0.89	-0.83	0.91	1.0	0.77	0.4		0.46	0.95	0.98	0.41	0.94	0.9	0.16	0.94	0.88	0.65	0.99	0.89	0.5	0.99	0.74	-0.12	0.62	0.81
Accounts Payable	0.5	0.35	-0.43	0.41	0.46	0.41	0.24	0.46		0.31	0.53	0.1	0.35	0.6	-0.05	0.37	0.32	0.09	0.5	0.42	-0.07	0.49	0.7	-0.17	0.57	0.61
Cash	0.94	0.83	-0.76	0.84	0.95	0.74	0.23	0.95	0.31		0.93	0.37	0.97	0.78	0.21	0.89	0.85	0.66	0.94	0.87	0.67	0.93	0.65	-0.1	0.57	0.77
Non Current Assets Total	0.99	0.87	-0.83	0.9	0.98	0.73	0.38	0.98	0.53	0.93		0.29	0.92	0.87	0.15	0.92	0.8	0.51	0.99	0.83	0.4	0.98	0.78	-0.16	0.71	0.83
Non Currrent Assets Other	0.34	0.42	-0.41	0.44	0.4	0.28	0.31	0.41	0.1	0.37	0.29		0.27	0.36	0.16	0.4	0.79	0.53	0.34	0.41	0.32	0.39	0.21	-0.28	0.07	0.26
Cash And Short Term Investments	0.93	0.83	-0.77	0.84	0.93	0.82	0.27	0.94	0.35	0.97	0.92	0.27		0.79	0.09	0.89	0.78	0.63	0.93	0.9	0.67	0.9	0.64	0.12	0.56	0.76
Net Receivables	0.89	0.79	-0.7	0.81	0.9	0.79	0.42	0.9	0.6	0.78	0.87	0.36	0.79		0.04	0.82	0.76	0.65	0.89	0.88	0.3	0.91	0.65	-0.06	0.45	0.67
Common Stock Shares Outstanding	0.16	0.35	-0.39	0.31	0.19	0.22	0.36	0.16	-0.05	0.21	0.15	0.16	0.09	0.04		0.27	0.18	0.05	0.16	0.17	0.16	0.19	0.38	-0.45	0.31	0.34
Non Current Liabilities Total	0.93	0.97	-0.92	0.98	0.94	0.82	0.61	0.94	0.37	0.89	0.92	0.4	0.89	0.82	0.27		0.82	0.54	0.93	0.87	0.49	0.92	0.73	-0.06	0.64	0.82
Other Current Assets	0.83	0.79	-0.74	0.82	0.87	0.64	0.36	0.88	0.32	0.85	0.8	0.79	0.78	0.76	0.18	0.82		0.73	0.83	0.81	0.55	0.85	0.57	-0.21	0.42	0.66
Other Stockholder Equity	0.58	0.49	-0.37	0.49	0.62	0.55	0.06	0.65	0.09	0.66	0.51	0.53	0.63	0.65	0.05	0.54	0.73		0.58	0.72	0.68	0.61	0.16	0.07	-0.07	0.31
Total Liab	1.0	0.89	-0.83	0.91	0.99	0.75	0.4	0.99	0.5	0.94	0.99	0.34	0.93	0.89	0.16	0.93	0.83	0.58		0.86	0.43	0.99	0.78	-0.15	0.68	0.83
Property Plant And Equipment Gross	0.86	0.84	-0.76	0.85	0.87	0.95	0.41	0.89	0.42	0.87	0.83	0.41	0.9	0.88	0.17	0.87	0.81	0.72	0.86		0.6	0.85	0.57	0.18	0.39	0.66
Total Current Assets	0.44	0.45	-0.43	0.42	0.47	0.51	-0.03	0.5	-0.07	0.67	0.4	0.32	0.67	0.3	0.16	0.49	0.55	0.68	0.43	0.6		0.41	0.23	0.25	0.15	0.45
Other Assets	1.0	0.89	-0.83	0.91	1.0	0.73	0.42	0.99	0.49	0.93	0.98	0.39	0.9	0.91	0.19	0.92	0.85	0.61	0.99	0.85	0.41		0.78	-0.2	0.66	0.82
Good Will	0.78	0.77	-0.83	0.78	0.76	0.55	0.55	0.74	0.7	0.65	0.78	0.21	0.64	0.65	0.38	0.73	0.57	0.16	0.78	0.57	0.23	0.78		-0.33	0.94	0.96
Short Term Investments	-0.15	-0.05	0.09	-0.07	-0.15	0.31	0.03	-0.12	-0.17	-0.1	-0.16	-0.28	0.12	-0.06	-0.45	-0.06	-0.21	0.07	-0.15	0.18	0.25	-0.2	-0.33		-0.3	-0.21
Intangible Assets	0.68	0.68	-0.78	0.69	0.65	0.39	0.5	0.62	0.57	0.57	0.71	0.07	0.56	0.45	0.31	0.64	0.42	-0.07	0.68	0.39	0.15	0.66	0.94	-0.3		0.9
Common Stock	0.83	0.84	-0.88	0.84	0.83	0.62	0.53	0.81	0.61	0.77	0.83	0.26	0.76	0.67	0.34	0.82	0.66	0.31	0.83	0.66	0.45	0.82	0.96	-0.21	0.9

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National Bank Account Relationship Matchups

National Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	331.6B	355.8B	403.7B	423.6B	487.1B	511.5B
Short Long Term Debt Total	36.7B	43.6B	46.0B	53.5B	61.5B	64.6B
Other Current Liab	(16.6B)	(22.0B)	(21.4B)	(26.0B)	(23.4B)	(22.3B)
Total Current Liabilities	16.6B	22.0B	21.4B	26.0B	29.9B	31.4B
Total Stockholder Equity	16.4B	18.9B	21.7B	23.7B	27.2B	28.6B
Property Plant And Equipment Net	1.2B	1.2B	1.4B	1.6B	1.8B	1.9B
Net Debt	7.4B	9.8B	14.1B	18.3B	21.0B	22.1B
Retained Earnings	10.4B	13.0B	15.1B	16.7B	19.3B	20.2B
Accounts Payable	3.3B	3.8B	4.4B	5.1B	5.9B	3.2B
Cash	29.1B	33.9B	31.9B	35.2B	40.5B	42.5B
Non Current Assets Total	106.5B	110.8B	114.1B	126.2B	145.2B	152.4B
Non Currrent Assets Other	(106.5B)	(416M)	(389M)	(634M)	(570.6M)	(599.1M)
Cash And Short Term Investments	34.7B	36.8B	36.3B	39.1B	45.0B	47.3B
Net Receivables	2.5B	3.4B	5.0B	6.2B	7.1B	7.5B
Common Stock Shares Outstanding	337.6M	340.9M	340.8M	340.8M	306.7M	265.6M
Liabilities And Stockholders Equity	331.6B	355.8B	403.7B	423.6B	487.1B	511.5B
Non Current Liabilities Total	23.1B	25.4B	21.4B	32.7B	37.6B	39.4B
Other Current Assets	13.3B	150.7B	171.1B	171.9B	197.6B	207.5B
Other Stockholder Equity	94M	47M	1.6B	1.6B	1.4B	1.5B
Total Liab	315.2B	336.9B	382.0B	399.9B	459.9B	482.9B
Property Plant And Equipment Gross	1.2B	1.8B	2.1B	2.5B	2.8B	3.0B
Total Current Assets	37.2B	40.2B	41.3B	45.3B	40.8B	25.2B
Other Assets	187.9B	204.9B	248.3B	252.0B	289.8B	304.3B
Accumulated Other Comprehensive Income	(118M)	(32M)	202M	420M	483M	507.2M
Good Will	1.4B	1.5B	1.5B	1.5B	1.7B	1.3B
Short Term Investments	5.6B	2.9B	4.5B	3.9B	3.5B	5.2B
Intangible Assets	1.4B	1.5B	1.4B	1.3B	1.4B	1.0B
Common Stock	3.1B	3.2B	3.2B	3.3B	3.8B	2.6B
Short Term Debt	13.4B	18.2B	17.1B	20.9B	24.0B	16.2B
Other Liab	19.4B	20.1B	22.3B	21.5B	24.7B	21.8B
Net Tangible Assets	9.5B	11.1B	14.3B	17.2B	19.8B	10.9B
Long Term Debt	22.7B	24.2B	27.8B	32.2B	37.1B	23.6B
Long Term Investments	102.5B	106.5B	109.9B	121.9B	140.1B	82.5B
Short Long Term Debt	14.1B	18.2B	17.1B	20.8B	18.7B	16.0B
Property Plant Equipment	490M	1.2B	1.2B	1.4B	1.6B	1.1B
Long Term Debt Total	20.9B	23.3B	24.8B	28.4B	32.7B	22.6B
Capital Surpluse	57M	51M	47M	56M	50.4M	45.6M
Earning Assets	103.4B	115.0B	137.0B	137.2B	157.8B	123.0B
Inventory	(143.0B)	(150.7B)	(171.1B)	(171.9B)	(154.7B)	(162.4B)

Pair Trading with National Bank

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

Moving together with National Stock

0.76	AMZN	Amazon CDR	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr

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

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

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

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National Investments vs Free Cash Flow Analysis

Investments vs Free Cash Flow

Investments vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Investments

Free Cash Flow

National Bank fundamental ratios Correlations

National Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

National Bank fundamental ratios Accounts

Pair Trading with National Bank

Moving together with National Stock

Other Information on Investing in National Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Liab	+ 1.0	Total Assets
Other Assets	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Other Assets	+ 1.0	Total Stockholder Equity
Retained Earnings	+ 0.99	Total Assets

Total Current Liabilities	- 0.96	Other Current Liab
Other Current Liab	- 0.96	Short Long Term Debt Total
Non Current Liabilities Total	- 0.92	Other Current Liab
Common Stock	- 0.88	Other Current Liab
Total Stockholder Equity	- 0.84	Other Current Liab
Good Will	- 0.83	Other Current Liab