| BK Stock | | | CAD 11.96 0.13 1.08% |
Bank of New York financial indicator trend analysis is way more than just evaluating Canadian Banc Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Canadian Banc Corp is a good investment. Please check the relationship between Bank of New York Net Debt and its Current Deferred Revenue accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Banc 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 estimate.
Net Debt vs Current Deferred Revenue
Net Debt vs Current Deferred Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Canadian Banc Corp Net Debt account and
Current Deferred Revenue. At this time, the significance of the direction appears to have pay attention.
The correlation between Bank of New York's Net Debt and Current Deferred Revenue is -0.88. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Canadian Banc Corp, assuming nothing else is changed. The correlation between historical values of Bank of New York's Net Debt and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Canadian Banc Corp are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Debt i.e., Bank of New York's Net Debt and Current Deferred Revenue go up and down completely randomly.
Correlation Coefficient | -0.88 |
| Relationship Direction | Negative |
| Relationship Strength | Significant |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.
Current Deferred Revenue
Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.
Most indicators from Bank of New York's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Canadian Banc 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 Canadian Banc 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 estimate.
At this time, Bank of New York's
Selling General Administrative is very stable compared to the past year. As of the 28th of November 2024,
Issuance Of Capital Stock is likely to grow to about 413.6
M, while
Tax Provision is likely to drop about 52.4
K.
Bank of New York fundamental ratios Correlations
Click cells to compare fundamentals
Bank of New York Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bank of New York fundamental ratios Accounts
Pair Trading with Bank of New York
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 Bank of New York 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 Bank of New York will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Bank of New York could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of New York 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 Bank of New York - 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 Canadian Banc Corp to buy it.
The correlation of Bank of New York 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 Bank of New York moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Banc 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 Bank of New York 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 Bank Stock
Balance Sheet is a snapshot of the
financial position of Canadian Banc Corp at a specified time, usually calculated after every quarter, six months, or one year. Bank of New York Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bank of New York 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 Bank currently owns. An asset can also be divided into two categories, current and non-current.