Bragg Common Stock Shares Outstanding vs Non Current Liabilities Total Analysis
BRAG Stock | CAD 4.60 0.10 2.22% |
Bragg Gaming financial indicator trend analysis is way more than just evaluating Bragg Gaming Group prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bragg Gaming Group is a good investment. Please check the relationship between Bragg Gaming Common Stock Shares Outstanding and its Non Current Liabilities Total accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bragg Gaming Group. 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.
Common Stock Shares Outstanding vs Non Current Liabilities Total
Common Stock Shares Outstanding vs Non Current Liabilities Total Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Bragg Gaming Group Common Stock Shares Outstanding account and Non Current Liabilities Total. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Bragg Gaming's Common Stock Shares Outstanding and Non Current Liabilities Total is 0.15. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Non Current Liabilities Total in the same time period over historical financial statements of Bragg Gaming Group, assuming nothing else is changed. The correlation between historical values of Bragg Gaming's Common Stock Shares Outstanding and Non Current Liabilities Total is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Bragg Gaming Group are associated (or correlated) with its Non Current Liabilities Total. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Current Liabilities Total has no effect on the direction of Common Stock Shares Outstanding i.e., Bragg Gaming's Common Stock Shares Outstanding and Non Current Liabilities Total go up and down completely randomly.
Correlation Coefficient | 0.15 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Non Current Liabilities Total
Most indicators from Bragg Gaming's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bragg Gaming Group 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 Bragg Gaming Group. 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, Bragg Gaming's Selling General Administrative is very stable compared to the past year. As of the 23rd of November 2024, Enterprise Value Over EBITDA is likely to grow to 8.43, while Tax Provision is likely to drop about 692 K.
Bragg Gaming fundamental ratios Correlations
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Bragg Gaming Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Bragg Gaming fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 43.9M | 72.1M | 83.4M | 104.4M | 103.4M | 108.5M | |
Other Current Liab | 1.5M | 23.4M | 13.7M | 18.8M | 2.9M | 3.5M | |
Total Current Liabilities | 20.8M | 30.0M | 15.3M | 24.3M | 27.9M | 29.3M | |
Total Stockholder Equity | 6.6M | 39.9M | 66.2M | 69.5M | 70.2M | 73.8M | |
Net Debt | 177K | (25.4M) | (15.4M) | (3.9M) | (5.5M) | (5.2M) | |
Retained Earnings | (46.7M) | (61.2M) | (68.7M) | (72.2M) | (76.1M) | (72.3M) | |
Cash | 682K | 26.1M | 16.0M | 11.3M | 8.8M | 9.2M | |
Cash And Short Term Investments | 682K | 26.1M | 16.0M | 11.3M | 8.8M | 9.2M | |
Common Stock Shares Outstanding | 7.3M | 8.6M | 19.5M | 21.4M | 22.6M | 23.7M | |
Liabilities And Stockholders Equity | 43.9M | 72.1M | 83.4M | 104.4M | 103.4M | 108.5M | |
Other Stockholder Equity | 13.3M | 39.0M | 32.2M | 27.8M | 23.4M | 12.1M | |
Total Liab | 37.3M | 32.2M | 17.2M | 34.9M | 33.1M | 34.8M | |
Total Current Assets | 8.3M | 36.8M | 27.0M | 29.7M | 29.1M | 30.5M | |
Accumulated Other Comprehensive Income | (212K) | (150K) | 2.5M | 4.1M | 2.9M | 2.5M | |
Net Receivables | 6.2M | 10.4M | 8.5M | 16.6M | 18.6M | 19.6M | |
Accounts Payable | 8.9M | 6.4M | 1.5M | 4.3M | 7.5M | 7.9M | |
Property Plant And Equipment Net | 1.0M | 980K | 831K | 1.2M | 3.9M | 4.1M | |
Current Deferred Revenue | 10.3M | 102K | 27K | 746K | 16.8M | 17.6M | |
Non Current Assets Total | 35.5M | 35.3M | 56.4M | 74.7M | 74.3M | 78.0M | |
Non Currrent Assets Other | 38K | 87K | 28K | 47K | 348K | 365.4K | |
Other Assets | 1.2M | 2.6M | 3.8M | 7.4M | 8.5M | 8.9M | |
Non Current Liabilities Total | 16.5M | 2.2M | 1.9M | 10.5M | 5.2M | 4.6M | |
Other Current Assets | 333K | 263K | 20K | 128K | 372K | 390.6K | |
Short Long Term Debt Total | 859K | 726K | 600K | 7.4M | 3.3M | 3.4M | |
Short Term Debt | 185K | 133K | 149K | 403K | 709K | 744.5K | |
Intangible Assets | 14.6M | 14.3M | 30.8M | 41.7M | 38.1M | 40.0M | |
Common Stock | 40.2M | 62.3M | 100.3M | 109.9M | 120.0M | 62.2M | |
Net Tangible Assets | (26.7M) | 8.1M | 14.4M | 3.5M | 4.0M | 4.2M | |
Long Term Debt Total | 674K | 593K | 451K | 7.0M | 8.0M | 8.4M | |
Capital Surpluse | 11.1M | 14.3M | 18.4M | 20.7M | 23.9M | 13.2M | |
Property Plant Equipment | 1.0M | 980K | 831K | 1.2M | 1.4M | 1.5M | |
Cash And Equivalents | 682K | 26.1M | 16.0M | 11.3M | 13.0M | 11.3M |
Pair Trading with Bragg Gaming
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 Bragg Gaming 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 Bragg Gaming will appreciate offsetting losses from the drop in the long position's value.Moving against Bragg Stock
The ability to find closely correlated positions to Bragg Gaming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bragg Gaming 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 Bragg Gaming - 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 Bragg Gaming Group to buy it.
The correlation of Bragg Gaming 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 Bragg Gaming moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bragg Gaming Group 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 Bragg Gaming 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 Bragg Gaming Group. 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 Commodity Directory module to find actively traded commodities issued by global exchanges.