CECO Capital Stock vs Total Liab Analysis

CECO Stock  USD 24.59  2.03  9.00%   
CECO Environmental financial indicator trend analysis is way more than just evaluating CECO Environmental Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CECO Environmental Corp is a good investment. Please check the relationship between CECO Environmental Capital Stock and its Total Liab accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental 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 main economic indicators.

Capital Stock vs Total Liab

Capital Stock vs Total Liab Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CECO Environmental Corp Capital Stock account and Total Liab. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between CECO Environmental's Capital Stock and Total Liab is -0.41. Overlapping area represents the amount of variation of Capital Stock that can explain the historical movement of Total Liab in the same time period over historical financial statements of CECO Environmental Corp, assuming nothing else is changed. The correlation between historical values of CECO Environmental's Capital Stock and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Capital Stock of CECO Environmental Corp are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Capital Stock i.e., CECO Environmental's Capital Stock and Total Liab go up and down completely randomly.

Correlation Coefficient

-0.41
Relationship DirectionNegative 
Relationship StrengthVery Weak

Capital Stock

The total amount of a company's capital funded by shareholders through the issue and subscription of shares.

Total Liab

The total amount of all liabilities that a company has, including both short-term and long-term liabilities.
Most indicators from CECO Environmental's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CECO Environmental 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental 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 main economic indicators.
At this time, CECO Environmental's Selling General Administrative is very stable compared to the past year. As of the 31st of October 2024, Enterprise Value Over EBITDA is likely to grow to 23.72, while Tax Provision is likely to drop about 4.4 M.
 2021 2022 2023 2024 (projected)
Interest Expense3.0M5.4M13.4M14.1M
Depreciation And Amortization9.9M10.6M12.5M13.1M

CECO Environmental fundamental ratios Correlations

0.90.310.940.980.970.88-0.250.860.990.50.860.950.650.960.960.920.990.970.480.830.650.920.640.760.78
0.90.340.830.840.870.880.010.760.890.470.760.840.430.910.880.720.910.860.720.830.530.750.420.570.55
0.310.340.480.220.360.21-0.040.450.230.00.450.420.00.210.360.210.350.410.540.030.280.130.080.00.42
0.940.830.480.890.940.75-0.290.940.880.490.940.980.590.840.890.860.960.990.470.630.660.890.60.650.85
0.980.840.220.890.940.82-0.320.820.970.470.820.910.730.910.920.960.940.940.360.80.70.920.660.840.79
0.970.870.360.940.940.85-0.190.840.940.540.840.950.570.890.930.870.960.960.490.740.640.880.570.690.75
0.880.880.210.750.820.850.020.570.930.50.570.760.420.970.880.690.90.780.640.920.370.710.490.560.44
-0.250.01-0.04-0.29-0.32-0.190.02-0.39-0.220.35-0.39-0.25-0.7-0.13-0.08-0.58-0.22-0.280.29-0.11-0.2-0.51-0.5-0.62-0.58
0.860.760.450.940.820.840.57-0.390.770.361.00.90.610.710.80.830.860.930.370.520.70.850.580.660.86
0.990.890.230.880.970.940.93-0.220.770.480.770.880.640.980.950.90.970.920.490.90.570.880.620.760.7
0.50.470.00.490.470.540.50.350.360.480.360.510.080.490.510.30.510.50.290.40.370.370.250.170.19
0.860.760.450.940.820.840.57-0.391.00.770.360.90.610.710.80.830.860.930.370.520.70.850.580.660.86
0.950.840.420.980.910.950.76-0.250.90.880.510.90.610.830.880.870.950.990.430.620.720.910.60.670.85
0.650.430.00.590.730.570.42-0.70.610.640.080.610.610.550.50.840.590.64-0.040.50.680.810.840.970.75
0.960.910.210.840.910.890.97-0.130.710.980.490.710.830.550.940.820.960.870.570.940.480.820.590.680.59
0.960.880.360.890.920.930.88-0.080.80.950.510.80.880.50.940.820.950.910.510.810.590.790.520.630.66
0.920.720.210.860.960.870.69-0.580.830.90.30.830.870.840.820.820.880.90.210.710.680.950.730.910.87
0.990.910.350.960.940.960.9-0.220.860.970.510.860.950.590.960.950.880.970.540.820.60.890.620.70.75
0.970.860.410.990.940.960.78-0.280.930.920.50.930.990.640.870.910.90.970.450.680.730.920.650.720.85
0.480.720.540.470.360.490.640.290.370.490.290.370.43-0.040.570.510.210.540.450.560.210.220.190.080.09
0.830.830.030.630.80.740.92-0.110.520.90.40.520.620.50.940.810.710.820.680.560.290.680.520.650.38
0.650.530.280.660.70.640.37-0.20.70.570.370.70.720.680.480.590.680.60.730.210.290.650.720.690.74
0.920.750.130.890.920.880.71-0.510.850.880.370.850.910.810.820.790.950.890.920.220.680.650.720.860.85
0.640.420.080.60.660.570.49-0.50.580.620.250.580.60.840.590.520.730.620.650.190.520.720.720.810.66
0.760.570.00.650.840.690.56-0.620.660.760.170.660.670.970.680.630.910.70.720.080.650.690.860.810.73
0.780.550.420.850.790.750.44-0.580.860.70.190.860.850.750.590.660.870.750.850.090.380.740.850.660.73
Click cells to compare fundamentals

CECO Environmental Account Relationship Matchups

CECO Environmental fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets408.6M419.3M416.2M504.7M613.1M643.8M
Short Long Term Debt Total76.6M81.9M72.5M119.7M155.5M163.3M
Other Current Liab21.3M543K1.5M3.2M33.4M35.0M
Total Current Liabilities115.2M109.4M116.7M146.7M203.1M213.3M
Total Stockholder Equity193.0M202.7M204.6M213.2M232.6M244.3M
Property Plant And Equipment Net28.9M27.6M26.8M32.2M42.5M44.6M
Net Debt41.0M45.9M42.6M74.1M100.0M105.0M
Retained Earnings(46.3M)(38.1M)(36.7M)(19.3M)(6.4M)(6.7M)
Cash43.7M35.6M36.0M45.5M55.4M58.2M
Non Current Assets Total229.1M235.8M227.2M264.1M331.7M348.3M
Non Currrent Assets Other2.7M3.8M3.2M3.1M4.7M4.9M
Cash And Short Term Investments43.7M35.6M36.0M45.5M55.4M58.2M
Net Receivables103.2M108.5M126.4M154.1M179.3M188.3M
Common Stock Shares Outstanding35.5M35.5M35.6M35.0M35.3M18.5M
Liabilities And Stockholders Equity408.6M419.3M416.2M504.7M613.1M643.8M
Non Current Liabilities Total100.4M106.3M93.6M139.9M172.5M181.1M
Inventory20.6M17.3M17.1M26.5M34.1M35.8M
Other Stockholder Equity253.5M254.9M253.0M250.2M255.0M267.7M
Total Liab215.6M215.7M210.2M286.6M375.6M394.4M
Total Current Assets179.5M183.5M189.0M240.7M281.4M295.5M
Short Term Debt2.5M3.1M2.2M3.6M17.3M18.1M
Intangible Assets45.6M42.6M35.5M44.8M60.0M63.0M
Other Assets2.7M3.8M3.7M3.9M4.5M3.0M
Accounts Payable78.3M85.0M84.1M107.2M87.7M92.1M
Other Current Assets10.1M9.9M11.5M12.2M12.6M6.8M
Common Stock353K355K350K344K348K214.8K
Current Deferred Revenue34.4M20.7M28.9M32.7M64.8M35.4M
Accumulated Other Comprehensive Income(14.5M)(14.5M)(12.1M)(18.0M)(16.3M)(15.5M)
Good Will152.0M161.8M161.2M183.2M211.3M122.0M
Other Liab19.0M20.8M17.0M18.3M16.4M17.7M
Net Tangible Assets(4.6M)(1.7M)7.9M(14.7M)(16.9M)(17.8M)
Long Term Debt63.0M69.5M61.6M107.6M126.8M92.2M
Deferred Long Term Liab1.8M3.8M3.2M8.7M10.0M10.5M
Net Invested Capital258.5M275.3M268.3M324.4M372.4M321.5M
Short Long Term Debt2.5M3.1M2.2M3.6M13.0M13.6M
Capital Stock353K355K350K344K348K279.9K
Non Current Liabilities Other20.4M20.6M14.8M23.6M12.6M15.9M
Net Working Capital64.3M74.1M72.3M94.0M78.3M80.7M
Property Plant Equipment28.9M27.6M26.8M20.8M18.7M20.2M

Pair Trading with CECO Environmental

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

Moving together with CECO Stock

  0.67FSS Federal SignalPairCorr

Moving against CECO Stock

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The ability to find closely correlated positions to CECO Environmental could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CECO Environmental 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 CECO Environmental - 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 CECO Environmental Corp to buy it.
The correlation of CECO Environmental 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 CECO Environmental moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CECO Environmental 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 CECO Environmental 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 CorrelationCorrelation Matching
When determining whether CECO Environmental Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of CECO Environmental's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ceco Environmental Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ceco Environmental Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CECO Environmental 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 main economic indicators.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Industrial Machinery & Supplies & Components space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CECO Environmental. If investors know CECO will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CECO Environmental listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.34)
Earnings Share
0.33
Revenue Per Share
15.853
Quarterly Revenue Growth
(0.09)
Return On Assets
0.0424
The market value of CECO Environmental Corp is measured differently than its book value, which is the value of CECO that is recorded on the company's balance sheet. Investors also form their own opinion of CECO Environmental's value that differs from its market value or its book value, called intrinsic value, which is CECO Environmental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CECO Environmental's market value can be influenced by many factors that don't directly affect CECO Environmental's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CECO Environmental's value and its price as these two are different measures arrived at by different means. Investors typically determine if CECO Environmental is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CECO Environmental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.