Brookfield Other Assets vs Net Receivables Analysis
BIPC Stock | CAD 62.42 0.24 0.38% |
Brookfield Infrastructure financial indicator trend analysis is way more than just evaluating Brookfield Infrastructure prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Brookfield Infrastructure is a good investment. Please check the relationship between Brookfield Infrastructure Other Assets and its Net Receivables accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Infrastructure 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 board of governors.
Other Assets vs Net Receivables
Other Assets vs Net Receivables Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Brookfield Infrastructure Other Assets account and Net Receivables. At this time, the significance of the direction appears to have pay attention.
The correlation between Brookfield Infrastructure's Other Assets and Net Receivables is -0.78. Overlapping area represents the amount of variation of Other Assets that can explain the historical movement of Net Receivables in the same time period over historical financial statements of Brookfield Infrastructure Corp, assuming nothing else is changed. The correlation between historical values of Brookfield Infrastructure's Other 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 Other Assets of Brookfield Infrastructure Corp 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 Other Assets i.e., Brookfield Infrastructure's Other Assets and Net Receivables go up and down completely randomly.
Correlation Coefficient | -0.78 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Other Assets
Net Receivables
Most indicators from Brookfield Infrastructure's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Brookfield Infrastructure 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 Brookfield Infrastructure 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 board of governors. As of the 26th of November 2024, Enterprise Value is likely to grow to about 15.3 B, while Selling General Administrative is likely to drop about 42.1 M.
2021 | 2023 | 2024 (projected) | Depreciation And Amortization | 236M | 365M | 287.2M | Interest Income | 741M | 852.2M | 894.8M |
Brookfield Infrastructure fundamental ratios Correlations
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Brookfield Infrastructure Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Brookfield Infrastructure fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.9B | 9.3B | 10.1B | 10.2B | 23.9B | 13.0B | |
Short Long Term Debt Total | 3.8B | 4.6B | 3.7B | 4.6B | 12.1B | 12.7B | |
Other Current Liab | 262M | 2.1B | 4.2B | 3.3B | 5.0B | 5.2B | |
Total Current Liabilities | 493M | 2.7B | 5.1B | 4.2B | 6.4B | 6.7B | |
Total Stockholder Equity | 1.7B | (1.7B) | (2.1B) | (1.1B) | (399M) | (379.1M) | |
Other Liab | 2.6B | 2.5B | 1.8B | 1.7B | 1.5B | 1.8B | |
Net Tangible Assets | (2.9B) | (5.2B) | (5.3B) | (4.5B) | (4.0B) | (4.2B) | |
Property Plant And Equipment Net | 4.5B | 5.1B | 4.8B | 4.7B | 14.2B | 14.9B | |
Net Debt | 3.3B | 4.4B | 3.2B | 4.2B | 11.5B | 12.1B | |
Retained Earnings | 585M | 33M | (193M) | 901M | 1.1B | 1.2B | |
Accounts Payable | 90M | 505M | 605M | 781M | 85M | 80.8M | |
Cash | 204M | 192M | 469M | 445M | 539M | 318.4M | |
Non Current Assets Total | 9.3B | 8.8B | 8.1B | 9.2B | 21.1B | 11.7B | |
Non Currrent Assets Other | 89M | (27M) | (30M) | 613M | 185M | 165.2M | |
Cash And Short Term Investments | 204M | 192M | 469M | 445M | 539M | 318.4M | |
Net Receivables | 356M | 394M | 1.5B | 566M | 2.2B | 2.3B | |
Good Will | 667M | 528M | 489M | 518M | 1.7B | 1.8B | |
Liabilities And Stockholders Equity | 9.9B | 9.3B | 10.1B | 10.2B | 23.9B | 13.0B | |
Non Current Liabilities Total | 6.1B | 7.2B | 6.4B | 6.3B | 13.5B | 7.8B | |
Other Current Assets | 34M | 49M | 1.1B | 681M | 1.4B | 1.4B | |
Other Stockholder Equity | 638M | (1.8B) | (2.0B) | (2.4B) | (2.1B) | (2.0B) | |
Total Liab | 6.6B | 9.9B | 11.5B | 10.5B | 19.8B | 10.8B | |
Total Current Assets | 594M | 586M | 2.0B | 1.0B | 2.8B | 2.9B | |
Accumulated Other Comprehensive Income | (567M) | (1.8B) | (2.0B) | 306M | 473M | 496.7M | |
Intangible Assets | 3.9B | 2.9B | 2.7B | 2.8B | 3.7B | 2.9B | |
Property Plant Equipment | 4.5B | 5.1B | 4.8B | 4.7B | 5.4B | 4.8B | |
Current Deferred Revenue | 141M | 156M | 153M | 175M | 255M | 183.0M | |
Long Term Debt | 3.5B | 4.6B | 3.7B | 4.6B | 11.0B | 5.6B | |
Net Invested Capital | 5.2B | 2.9B | 1.6B | 3.5B | 11.7B | 12.2B | |
Net Working Capital | 101M | (2.2B) | (3.1B) | (3.2B) | (3.6B) | (3.4B) | |
Short Term Debt | 256M | 11M | 131M | 26M | 1.0B | 1.1B |
Pair Trading with Brookfield Infrastructure
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 Brookfield Infrastructure 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 Brookfield Infrastructure will appreciate offsetting losses from the drop in the long position's value.Moving against Brookfield Stock
The ability to find closely correlated positions to Brookfield Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brookfield Infrastructure 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 Brookfield Infrastructure - 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 Brookfield Infrastructure Corp to buy it.
The correlation of Brookfield Infrastructure 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 Brookfield Infrastructure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Brookfield Infrastructure 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 Brookfield Infrastructure 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Brookfield Infrastructure 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 board of governors. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.