Royal Return On Assets from 2010 to 2026
| RY Stock | CAD 233.98 2.99 1.29% |
Return On Assets | First Reported 2010-12-31 | Previous Quarter 0.007882 | Current Value 0.006066 | Quarterly Volatility 0.00192055 |
Check Royal Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Royal Bank's main balance sheet or income statement drivers, such as Depreciation And Amortization of 3.7 B, Interest Expense of 85.5 B or Selling General Administrative of 27.9 B, as well as many indicators such as Price To Sales Ratio of 2.19, Dividend Yield of 0.0415 or PTB Ratio of 1.5. Royal financial statements analysis is a perfect complement when working with Royal Bank Valuation or Volatility modules.
Royal | Return On Assets |
Evaluating Royal Bank's Return On Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Royal Bank of's fundamental strength.
Latest Royal Bank's Return On Assets Growth Pattern
Below is the plot of the Return On Assets of Royal Bank of over the last few years. It is a profitability ratio that indicates the percentage of profit a company earns in relation to its overall resources. It is calculated by dividing net income by total assets. Royal Bank's Return On Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Royal Bank's overall financial position and show how it may be relating to other accounts over time.
| Return On Assets | 10 Years Trend |
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Return On Assets |
| Timeline |
Royal Return On Assets Regression Statistics
| Arithmetic Mean | 0.01 | |
| Geometric Mean | 0.01 | |
| Coefficient Of Variation | 23.68 | |
| Mean Deviation | 0 | |
| Median | 0.01 | |
| Standard Deviation | 0 | |
| Sample Variance | 0.00000369 | |
| Range | 0.0079 | |
| R-Value | (0.01) | |
| Mean Square Error | 0.00000393 | |
| R-Squared | 0.000088 | |
| Significance | 0.97 | |
| Slope | (0.00000356) | |
| Total Sum of Squares | 0.000059 |
Royal Return On Assets History
About Royal Bank Financial Statements
Royal Bank investors utilize fundamental indicators, such as Return On Assets, to predict how Royal Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Return On Assets | 0.01 | 0.01 |
Pair Trading with Royal 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 Royal 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 Royal Bank will appreciate offsetting losses from the drop in the long position's value.Moving against Royal Stock
| 0.41 | XIM | Ximen Mining Corp | PairCorr |
| 0.4 | THRM | Therma Bright | PairCorr |
| 0.34 | QBR-A | Quebecor Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Royal 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 Royal 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 Royal 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 Royal Bank of to buy it.
The correlation of Royal 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 Royal Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Royal 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 Royal 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.Check out the analysis of Royal Bank Correlation against competitors. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.