Wajax End Period Cash Flow vs Stock Based Compensation Analysis

WJX Stock

CAD 21.46 0.36 1.65%

Wajax financial indicator trend analysis is more than just analyzing Wajax current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Wajax is a good investment. Please check the relationship between Wajax End Period Cash Flow and its Stock Based Compensation accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wajax. 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.

End Period Cash Flow vs Stock Based Compensation

End Period Cash Flow vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Wajax End Period Cash Flow account and Stock Based Compensation. At this time, the significance of the direction appears to have weak contrarian relationship.

The correlation between Wajax's End Period Cash Flow and Stock Based Compensation is -0.06. Overlapping area represents the amount of variation of End Period Cash Flow that can explain the historical movement of Stock Based Compensation in the same time period over historical financial statements of Wajax, assuming nothing else is changed. The correlation between historical values of Wajax's End Period Cash Flow and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which End Period Cash Flow of Wajax are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of End Period Cash Flow i.e., Wajax's End Period Cash Flow and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.06

Relationship Direction	Negative
Relationship Strength	Insignificant

View All Relationships

End Period Cash Flow

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Most indicators from Wajax's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Wajax 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wajax. 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.

As of the 27th of November 2024, Enterprise Value is likely to grow to about 1.2 B, while Selling General Administrative is likely to drop about 227 M.

	2021	2022	2023	2024 (projected)
Gross Profit	331.9M	390.3M	444.2M	247.1M
Total Revenue	1.6B	2.0B	2.2B	1.4B

Gross Profit Total Revenue

Wajax fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Net Debt	Other Assets	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Other Current Liab	Total Current Liabilities	Property Plant And Equipment Net	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Inventory	Other Current Assets	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Accounts Payable
Total Assets		0.71	0.96	0.78	-0.24	0.8	0.7	-0.23	0.77	0.45	0.91	0.89	0.66	-0.62	0.8	-0.36	-0.61	0.96	0.68	0.68	0.46	0.78	0.98	0.8	0.74	0.85
Short Long Term Debt Total	0.71		0.6	0.96	-0.09	0.57	1.0	-0.08	0.95	0.34	0.54	0.7	0.82	-0.63	0.9	-0.1	-0.62	0.61	0.47	0.89	0.41	0.84	0.68	0.86	0.51	0.6
Total Stockholder Equity	0.96	0.6		0.7	-0.36	0.88	0.59	-0.35	0.72	0.4	0.94	0.81	0.66	-0.66	0.76	-0.32	-0.65	0.96	0.77	0.68	0.42	0.8	0.96	0.77	0.83	0.83
Net Debt	0.78	0.96	0.7		-0.1	0.63	0.94	-0.1	0.97	0.42	0.68	0.72	0.86	-0.76	0.93	-0.19	-0.75	0.73	0.48	0.9	0.41	0.89	0.75	0.92	0.56	0.74
Other Assets	-0.24	-0.09	-0.36	-0.1		-0.47	-0.1	1.0	-0.19	0.41	-0.38	-0.3	-0.21	0.16	-0.26	0.22	0.14	-0.35	-0.38	-0.28	-0.32	-0.23	-0.32	-0.25	-0.38	-0.15
Common Stock Shares Outstanding	0.8	0.57	0.88	0.63	-0.47		0.56	-0.45	0.66	0.14	0.78	0.8	0.51	-0.5	0.71	-0.31	-0.47	0.83	0.92	0.64	0.58	0.74	0.82	0.7	0.96	0.77
Non Current Liabilities Total	0.7	1.0	0.59	0.94	-0.1	0.56		-0.09	0.95	0.29	0.52	0.69	0.81	-0.61	0.9	-0.09	-0.6	0.59	0.47	0.89	0.41	0.84	0.67	0.85	0.51	0.59
Other Stockholder Equity	-0.23	-0.08	-0.35	-0.1	1.0	-0.45	-0.09		-0.19	0.42	-0.37	-0.29	-0.21	0.15	-0.25	0.22	0.13	-0.34	-0.37	-0.27	-0.31	-0.23	-0.31	-0.24	-0.36	-0.14
Total Liab	0.77	0.95	0.72	0.97	-0.19	0.66	0.95	-0.19		0.3	0.71	0.68	0.92	-0.8	0.96	-0.15	-0.79	0.73	0.5	0.96	0.34	0.95	0.75	0.94	0.58	0.76
Other Current Liab	0.45	0.34	0.4	0.42	0.41	0.14	0.29	0.42	0.3		0.33	0.25	0.31	-0.39	0.27	0.08	-0.39	0.38	0.15	0.27	-0.04	0.31	0.42	0.35	0.2	0.24
Total Current Liabilities	0.91	0.54	0.94	0.68	-0.38	0.78	0.52	-0.37	0.71	0.33		0.73	0.7	-0.74	0.75	-0.39	-0.73	0.97	0.59	0.65	0.31	0.78	0.92	0.8	0.68	0.91
Property Plant And Equipment Net	0.89	0.7	0.81	0.72	-0.3	0.8	0.69	-0.29	0.68	0.25	0.73		0.46	-0.32	0.76	-0.58	-0.32	0.8	0.71	0.52	0.73	0.67	0.83	0.73	0.75	0.7
Retained Earnings	0.66	0.82	0.66	0.86	-0.21	0.51	0.81	-0.21	0.92	0.31	0.7	0.46		-0.89	0.89	-0.07	-0.9	0.67	0.3	0.93	0.06	0.93	0.66	0.9	0.4	0.68
Cash	-0.62	-0.63	-0.66	-0.76	0.16	-0.5	-0.61	0.15	-0.8	-0.39	-0.74	-0.32	-0.89		-0.71	-0.05	0.99	-0.72	-0.32	-0.84	-0.02	-0.8	-0.66	-0.77	-0.41	-0.74
Non Current Assets Total	0.8	0.9	0.76	0.93	-0.26	0.71	0.9	-0.25	0.96	0.27	0.75	0.76	0.89	-0.71		-0.35	-0.71	0.75	0.5	0.88	0.38	0.97	0.75	0.98	0.61	0.76
Non Currrent Assets Other	-0.36	-0.1	-0.32	-0.19	0.22	-0.31	-0.09	0.22	-0.15	0.08	-0.39	-0.58	-0.07	-0.05	-0.35		0.02	-0.32	-0.13	0.07	-0.44	-0.26	-0.24	-0.39	-0.24	-0.33
Cash And Short Term Investments	-0.61	-0.62	-0.65	-0.75	0.14	-0.47	-0.6	0.13	-0.79	-0.39	-0.73	-0.32	-0.9	0.99	-0.71	0.02		-0.69	-0.28	-0.82	-0.01	-0.8	-0.64	-0.78	-0.38	-0.72
Net Receivables	0.96	0.61	0.96	0.73	-0.35	0.83	0.59	-0.34	0.73	0.38	0.97	0.8	0.67	-0.72	0.75	-0.32	-0.69		0.68	0.68	0.39	0.76	0.97	0.77	0.74	0.9
Common Stock Total Equity	0.68	0.47	0.77	0.48	-0.38	0.92	0.47	-0.37	0.5	0.15	0.59	0.71	0.3	-0.32	0.5	-0.13	-0.28	0.68		0.51	0.69	0.54	0.73	0.47	0.98	0.57
Inventory	0.68	0.89	0.68	0.9	-0.28	0.64	0.89	-0.27	0.96	0.27	0.65	0.52	0.93	-0.84	0.88	0.07	-0.82	0.68	0.51		0.23	0.9	0.71	0.86	0.57	0.67
Other Current Assets	0.46	0.41	0.42	0.41	-0.32	0.58	0.41	-0.31	0.34	-0.04	0.31	0.73	0.06	-0.02	0.38	-0.44	-0.01	0.39	0.69	0.23		0.27	0.45	0.34	0.64	0.32
Property Plant And Equipment Gross	0.78	0.84	0.8	0.89	-0.23	0.74	0.84	-0.23	0.95	0.31	0.78	0.67	0.93	-0.8	0.97	-0.26	-0.8	0.76	0.54	0.9	0.27		0.75	0.96	0.66	0.79
Total Current Assets	0.98	0.68	0.96	0.75	-0.32	0.82	0.67	-0.31	0.75	0.42	0.92	0.83	0.66	-0.66	0.75	-0.24	-0.64	0.97	0.73	0.71	0.45	0.75		0.76	0.76	0.84
Short Term Debt	0.8	0.86	0.77	0.92	-0.25	0.7	0.85	-0.24	0.94	0.35	0.8	0.73	0.9	-0.77	0.98	-0.39	-0.78	0.77	0.47	0.86	0.34	0.96	0.76		0.59	0.77
Common Stock	0.74	0.51	0.83	0.56	-0.38	0.96	0.51	-0.36	0.58	0.2	0.68	0.75	0.4	-0.41	0.61	-0.24	-0.38	0.74	0.98	0.57	0.64	0.66	0.76	0.59		0.66
Accounts Payable	0.85	0.6	0.83	0.74	-0.15	0.77	0.59	-0.14	0.76	0.24	0.91	0.7	0.68	-0.74	0.76	-0.33	-0.72	0.9	0.57	0.67	0.32	0.79	0.84	0.77	0.66

Click cells to compare fundamentals

Wajax Account Relationship Matchups

Wajax fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.0B	981.4M	1.1B	1.2B	1.5B	766.5M
Short Long Term Debt Total	406.8M	379.3M	321.6M	303.0M	500.9M	525.9M
Total Stockholder Equity	316.8M	325.6M	389.9M	449.8M	496.2M	285.7M
Net Debt	403.6M	372.6M	311.6M	461.5M	500.9M	525.9M
Other Assets	1.8M	6.9M	8.3M	5.1M	1.0	0.95
Common Stock Shares Outstanding	20.4M	20.5M	22.0M	22.2M	22.3M	19.9M
Liabilities And Stockholders Equity	1.0B	981.4M	1.1B	1.2B	1.5B	766.5M
Non Current Liabilities Total	404.8M	376.9M	323.0M	286.0M	493.7M	518.4M
Other Stockholder Equity	7.2M	7.7M	8.4M	9.0M	6.2M	5.9M
Total Liab	728.3M	655.7M	690.9M	800.1M	977.1M	1.0B
Other Current Liab	78.4M	86.6M	107.5M	148.6M	153.9M	81.7M
Total Current Liabilities	323.4M	278.9M	367.9M	514.1M	483.4M	284.2M
Property Plant And Equipment Net	236.3M	230.0M	219.8M	206.2M	223.2M	118.4M
Retained Earnings	131.0M	143.3M	176.2M	228.1M	278.1M	292.0M
Cash	3.2M	6.6M	10.0M	(158.4M)	(142.6M)	(135.5M)
Non Current Assets Total	317.6M	327.6M	399.5M	389.8M	429.7M	451.2M
Non Currrent Assets Other	(315.8M)	(320.7M)	(391.2M)	(376.9M)	74.3M	78.1M
Cash And Short Term Investments	3.2M	6.6M	10.0M	(158.4M)	(142.6M)	(135.5M)
Net Receivables	265.3M	238.3M	265.0M	369.1M	384.5M	211.6M
Common Stock Total Equity	175.9M	180.4M	181.1M	181.3M	208.5M	150.8M
Inventory	414.9M	357.4M	388.7M	462.2M	639.6M	671.6M
Other Current Assets	44.1M	51.4M	17.7M	28.8M	19.5M	16.5M
Property Plant And Equipment Gross	236.3M	230.0M	423.5M	446.6M	491.6M	516.1M
Total Current Assets	727.5M	653.8M	681.4M	860.1M	1.0B	557.9M
Short Term Debt	20.7M	23.9M	30.5M	36.6M	35.8M	37.6M
Common Stock	181.1M	181.3M	206.7M	207.6M	211.3M	164.6M
Accounts Payable	216.1M	160.5M	209.3M	308.2M	270.8M	193.4M
Good Will	50.7M	56.1M	98.8M	103.3M	115.9M	70.2M
Accumulated Other Comprehensive Income	(2.4M)	(6.6M)	(1.4M)	5.1M	570K	598.5K
Intangible Assets	28.8M	34.6M	72.5M	67.4M	74.3M	78.1M
Current Deferred Revenue	8.3M	7.9M	20.6M	20.6M	22.8M	15.2M
Other Liab	18.7M	21.5M	32.0M	19.6M	22.5M	18.2M
Net Tangible Assets	237.2M	234.9M	218.5M	279.1M	320.9M	245.7M
Long Term Debt	279.7M	226.2M	153.4M	139.4M	324.1M	213.5M
Property Plant Equipment	236.3M	230.0M	219.8M	206.2M	237.2M	170.9M
Long Term Debt Total	386.1M	355.4M	291.0M	266.5M	306.4M	269.7M
Capital Surpluse	7.2M	7.7M	8.4M	9.0M	10.3M	8.7M
Capital Lease Obligations	127.1M	153.0M	168.1M	158.4M	175.4M	112.0M

Pair Trading with Wajax

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

Moving against Wajax Stock

0.78	BOFA	Bank of America	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.72	RY-PS	Royal Bank Earnings Call This Week	Pair Corr
0.66	RY-PM	Royal Bank Earnings Call This Week	Pair Corr
0.62	TD-PFI	Toronto Dominion Bank	Pair Corr

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

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

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

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Wajax End Period Cash Flow vs Stock Based Compensation Analysis

End Period Cash Flow vs Stock Based Compensation

End Period Cash Flow vs Stock Based Compensation Correlation Analysis

Correlation Coefficient

End Period Cash Flow

Stock Based Compensation

Wajax fundamental ratios Correlations

Wajax Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Wajax fundamental ratios Accounts

Pair Trading with Wajax

Moving against Wajax Stock

Other Information on Investing in Wajax Stock

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Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Other Stockholder Equity	+ 1.0	Other Assets
Cash And Short Term Investments	+ 0.99	Cash
Total Current Assets	+ 0.98	Total Assets
Short Term Debt	+ 0.98	Non Current Assets Total
Common Stock	+ 0.98	Common Stock Total Equity

Cash And Short Term Investments	- 0.9	Retained Earnings
Cash	- 0.89	Retained Earnings
Inventory	- 0.84	Cash
Inventory	- 0.82	Cash And Short Term Investments
Property Plant And Equipment Gross	- 0.8	Cash And Short Term Investments
Property Plant And Equipment Gross	- 0.8	Cash