ACT Intangible Assets vs Net Receivables Analysis
| ACX Stock | 4.68 0.23 4.68% |
ACT Energy financial indicator trend analysis is way more than just evaluating ACT Energy Technologies prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ACT Energy Technologies is a good investment. Please check the relationship between ACT Energy Intangible Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ACT Energy Technologies. 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.
Intangible Assets vs Net Receivables
Intangible Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ACT Energy Technologies Intangible Assets account and Net Receivables. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ACT Energy's Intangible Assets and Net Receivables is 0.95. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of ACT Energy Technologies, assuming nothing else is changed. The correlation between historical values of ACT Energy's Intangible Assets and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of ACT Energy Technologies are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Intangible Assets i.e., ACT Energy's Intangible Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | 0.95 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Net Receivables
Most indicators from ACT Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ACT Energy Technologies 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in ACT Energy Technologies. 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, ACT Energy's Sales General And Administrative To Revenue is very stable compared to the past year. As of the 2nd of August 2025, Enterprise Value is likely to grow to about 276 M, though Tax Provision is likely to grow to (9.6 M).
| 2022 | 2023 | 2024 | 2025 (projected) | Total Operating Expenses | 281.2M | 511.4M | 588.1M | 617.5M | Cost Of Revenue | 248.1M | 438.5M | 449.2M | 275.0M |
ACT Energy fundamental ratios Correlations
Click cells to compare fundamentals
ACT Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Pair Trading with ACT Energy
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 ACT Energy 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 ACT Energy will appreciate offsetting losses from the drop in the long position's value.Moving against ACT Stock
| 0.59 | TGO | TeraGo Inc Earnings Call This Week | PairCorr |
| 0.52 | WRG | Western Energy Services | PairCorr |
| 0.41 | INC-UN | Income Financial Trust | PairCorr |
| 0.39 | NET-UN | Canadian Net Real | PairCorr |
| 0.35 | AKT-A | AKITA Drilling | PairCorr |
The ability to find closely correlated positions to ACT Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACT Energy 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 ACT Energy - 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 ACT Energy Technologies to buy it.
The correlation of ACT Energy 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 ACT Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ACT Energy Technologies 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 ACT Energy 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 ACT Stock
Balance Sheet is a snapshot of the financial position of ACT Energy Technologies at a specified time, usually calculated after every quarter, six months, or one year. ACT Energy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of ACT Energy 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 ACT currently owns. An asset can also be divided into two categories, current and non-current.