Sierra Earning Assets vs Short Term Debt Analysis

BSRR Stock

USD 31.72 1.12 3.66%

Sierra Bancorp financial indicator trend analysis is much more than just breaking down Sierra Bancorp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sierra Bancorp is a good investment. Please check the relationship between Sierra Bancorp Earning Assets and its Short Term Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Sierra Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Sierra Stock, please use our How to Invest in Sierra Bancorp guide.

Earning Assets vs Short Term Debt

Earning Assets vs Short Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sierra Bancorp Earning Assets account and Short Term Debt. At this time, the significance of the direction appears to have strong relationship.

The correlation between Sierra Bancorp's Earning Assets and Short Term Debt is 0.75. Overlapping area represents the amount of variation of Earning Assets that can explain the historical movement of Short Term Debt in the same time period over historical financial statements of Sierra Bancorp, assuming nothing else is changed. The correlation between historical values of Sierra Bancorp's Earning Assets and Short Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Earning Assets of Sierra Bancorp are associated (or correlated) with its Short Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Short Term Debt has no effect on the direction of Earning Assets i.e., Sierra Bancorp's Earning Assets and Short Term Debt go up and down completely randomly.

Correlation Coefficient

0.75

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Earning Assets

Short Term Debt

Most indicators from Sierra Bancorp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sierra Bancorp 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 Sierra Bancorp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

To learn how to invest in Sierra Stock, please use our How to Invest in Sierra Bancorp guide.At this time, Sierra Bancorp's Selling General Administrative is relatively stable compared to the past year. As of 11/22/2024, Tax Provision is likely to grow to about 11.8 M, while Enterprise Value Over EBITDA is likely to drop 10.48.

	2021	2022	2023	2024 (projected)
Interest Expense	4.1M	12.2M	50.7M	53.3M
Depreciation And Amortization	4.3M	3.5M	3.2M	3.4M

Interest Expense Depreciation And Amortization

Sierra Bancorp fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Total Current Liabilities	Common Stock Total Equity	Short Term Debt	Common Stock	Other Liab	Accounts Payable	Short Term Investments	Inventory	Other Current Assets
Total Assets		0.79	0.35	0.58	0.99	0.42	0.73	0.53	-0.3	0.31	0.93	0.61	0.02	0.72	0.76	-0.12	0.84	0.68	0.94	0.81	0.73	0.98	0.99	0.92	-0.3	-0.53
Total Stockholder Equity	0.79		0.54	0.09	0.78	0.56	0.28	0.08	0.06	0.6	0.59	0.85	-0.13	0.42	0.77	0.21	0.41	0.39	0.83	0.36	0.96	0.73	0.75	0.68	-0.56	-0.34
Property Plant And Equipment Net	0.35	0.54		-0.3	0.29	0.27	-0.16	-0.27	0.69	0.55	0.08	0.69	-0.2	0.28	0.17	0.7	-0.11	-0.18	0.55	-0.14	0.67	0.33	0.3	0.25	-0.22	0.29
Net Debt	0.58	0.09	-0.3		0.6	-0.28	0.89	0.84	-0.62	-0.44	0.79	-0.01	0.09	0.78	0.27	-0.58	0.87	0.5	0.46	0.89	0.04	0.63	0.62	0.57	0.44	-0.47
Retained Earnings	0.99	0.78	0.29	0.6		0.43	0.76	0.57	-0.37	0.29	0.93	0.61	-0.03	0.7	0.76	-0.17	0.85	0.72	0.92	0.82	0.7	0.97	0.99	0.93	-0.3	-0.58
Cash	0.42	0.56	0.27	-0.28	0.43		0.08	-0.06	-0.05	0.65	0.17	0.42	0.09	-0.29	0.67	0.26	0.17	0.59	0.37	0.1	0.46	0.35	0.4	0.48	-0.77	-0.17
Non Current Assets Total	0.73	0.28	-0.16	0.89	0.76	0.08		0.94	-0.64	-0.32	0.84	0.15	0.09	0.68	0.4	-0.52	0.94	0.8	0.63	0.95	0.19	0.79	0.79	0.75	0.25	-0.5
Non Currrent Assets Other	0.53	0.08	-0.27	0.84	0.57	-0.06	0.94		-0.64	-0.54	0.68	-0.01	0.1	0.57	0.15	-0.59	0.83	0.71	0.46	0.86	-0.01	0.61	0.6	0.54	0.43	-0.39
Other Assets	-0.3	0.06	0.69	-0.62	-0.37	-0.05	-0.64	-0.64		0.4	-0.5	0.33	0.09	-0.18	-0.22	0.91	-0.62	-0.64	-0.09	-0.63	0.23	-0.28	-0.36	-0.32	0.02	0.75
Cash And Short Term Investments	0.31	0.6	0.55	-0.44	0.29	0.65	-0.32	-0.54	0.4		0.03	0.56	-0.07	-0.13	0.62	0.62	-0.13	-0.01	0.31	-0.2	0.61	0.24	0.24	0.38	-0.8	-0.05
Net Receivables	0.93	0.59	0.08	0.79	0.93	0.17	0.84	0.68	-0.5	0.03		0.39	0.14	0.81	0.63	-0.39	0.94	0.67	0.81	0.93	0.5	0.92	0.94	0.83	-0.08	-0.63
Common Stock Shares Outstanding	0.61	0.85	0.69	-0.01	0.61	0.42	0.15	-0.01	0.33	0.56	0.39		-0.18	0.39	0.55	0.44	0.22	0.16	0.76	0.16	0.89	0.57	0.55	0.53	-0.36	-0.12
Other Stockholder Equity	0.02	-0.13	-0.2	0.09	-0.03	0.09	0.09	0.1	0.09	-0.07	0.14	-0.18		-0.09	0.11	0.09	0.21	0.2	-0.12	0.21	-0.19	0.07	0.01	0.02	0.1	0.21
Total Liab	0.72	0.42	0.28	0.78	0.7	-0.29	0.68	0.57	-0.18	-0.13	0.81	0.39	-0.09		0.28	-0.22	0.71	0.2	0.71	0.73	0.45	0.75	0.72	0.59	0.32	-0.36
Property Plant And Equipment Gross	0.76	0.77	0.17	0.27	0.76	0.67	0.4	0.15	-0.22	0.62	0.63	0.55	0.11	0.28		0.12	0.57	0.58	0.64	0.5	0.69	0.7	0.72	0.77	-0.6	-0.39
Total Current Assets	-0.12	0.21	0.7	-0.58	-0.17	0.26	-0.52	-0.59	0.91	0.62	-0.39	0.44	0.09	-0.22	0.12		-0.47	-0.39	0.06	-0.52	0.37	-0.12	-0.18	-0.07	-0.21	0.71
Short Long Term Debt Total	0.84	0.41	-0.11	0.87	0.85	0.17	0.94	0.83	-0.62	-0.13	0.94	0.22	0.21	0.71	0.57	-0.47		0.78	0.68	0.99	0.29	0.86	0.87	0.81	0.06	-0.58
Total Current Liabilities	0.68	0.39	-0.18	0.5	0.72	0.59	0.8	0.71	-0.64	-0.01	0.67	0.16	0.2	0.2	0.58	-0.39	0.78		0.54	0.75	0.23	0.69	0.73	0.74	-0.24	-0.48
Common Stock Total Equity	0.94	0.83	0.55	0.46	0.92	0.37	0.63	0.46	-0.09	0.31	0.81	0.76	-0.12	0.71	0.64	0.06	0.68	0.54		0.64	0.84	0.92	0.93	0.83	-0.22	-0.34
Short Term Debt	0.81	0.36	-0.14	0.89	0.82	0.1	0.95	0.86	-0.63	-0.2	0.93	0.16	0.21	0.73	0.5	-0.52	0.99	0.75	0.64		0.24	0.83	0.84	0.78	0.13	-0.58
Common Stock	0.73	0.96	0.67	0.04	0.7	0.46	0.19	-0.01	0.23	0.61	0.5	0.89	-0.19	0.45	0.69	0.37	0.29	0.23	0.84	0.24		0.67	0.68	0.6	-0.47	-0.16
Other Liab	0.98	0.73	0.33	0.63	0.97	0.35	0.79	0.61	-0.28	0.24	0.92	0.57	0.07	0.75	0.7	-0.12	0.86	0.69	0.92	0.83	0.67		0.98	0.93	-0.18	-0.48
Accounts Payable	0.99	0.75	0.3	0.62	0.99	0.4	0.79	0.6	-0.36	0.24	0.94	0.55	0.01	0.72	0.72	-0.18	0.87	0.73	0.93	0.84	0.68	0.98		0.92	-0.25	-0.53
Short Term Investments	0.92	0.68	0.25	0.57	0.93	0.48	0.75	0.54	-0.32	0.38	0.83	0.53	0.02	0.59	0.77	-0.07	0.81	0.74	0.83	0.78	0.6	0.93	0.92		-0.27	-0.52
Inventory	-0.3	-0.56	-0.22	0.44	-0.3	-0.77	0.25	0.43	0.02	-0.8	-0.08	-0.36	0.1	0.32	-0.6	-0.21	0.06	-0.24	-0.22	0.13	-0.47	-0.18	-0.25	-0.27		0.31
Other Current Assets	-0.53	-0.34	0.29	-0.47	-0.58	-0.17	-0.5	-0.39	0.75	-0.05	-0.63	-0.12	0.21	-0.36	-0.39	0.71	-0.58	-0.48	-0.34	-0.58	-0.16	-0.48	-0.53	-0.52	0.31

Click cells to compare fundamentals

Sierra Bancorp Account Relationship Matchups

Sierra Bancorp fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.6B	3.2B	3.4B	3.6B	3.7B	3.9B
Total Stockholder Equity	309.3M	343.9M	362.5M	303.6M	338.1M	182.2M
Property Plant And Equipment Net	27.4M	27.5M	23.6M	22.5M	16.9M	22.6M
Net Debt	(45.1M)	(36.3M)	(173.1M)	227.4M	366.9M	385.2M
Retained Earnings	186.9M	208.4M	234.4M	243.1M	259.1M	272.0M
Cash	80.1M	71.4M	257.5M	77.1M	78.6M	72.7M
Non Current Assets Total	661.0M	603.1M	1.0B	1.3B	3.6B	3.8B
Non Currrent Assets Other	(13.0M)	(17.4M)	(3.8M)	(27.6M)	3.6B	3.8B
Other Assets	1.2B	2.0B	1.1B	1.2B	20.3M	19.3M
Cash And Short Term Investments	680.9M	615.4M	1.2B	1.0B	78.6M	74.7M
Net Receivables	8.2M	16.1M	11.2M	18.4M	20.3M	21.4M
Common Stock Shares Outstanding	15.4M	15.3M	15.4M	15.0M	14.7M	13.5M
Liabilities And Stockholders Equity	2.6B	3.2B	3.4B	3.6B	3.7B	3.9B
Other Stockholder Equity	(113.2M)	22.1M	15.1M	4.1M	4.6M	4.8M
Total Liab	2.3B	2.9B	84.4M	3.3B	3.4B	3.6B
Property Plant And Equipment Gross	27.4M	27.5M	59.8M	59.7M	47.2M	26.9M
Total Current Assets	689.1M	631.5M	1.2B	1.0B	98.9M	94.0M
Short Long Term Debt Total	54.9M	178.0M	193.3M	304.5M	445.5M	467.7M
Total Current Liabilities	20M	142.9M	2.4B	219M	2.1B	2.2B
Common Stock Total Equity	112.5M	113.2M	117.1M	113.0M	130.0M	136.5M
Accumulated Other Comprehensive Income	5.9M	18.4M	11.2M	(56.6M)	(36.0M)	(34.2M)
Short Term Debt	20M	142.9M	108.8M	219M	360.5M	378.5M
Common Stock	116.5M	117.1M	116.9M	112.9M	110.4M	61.0M
Other Liab	26.6M	35.1M	35.6M	38.7M	44.5M	46.8M
Accounts Payable	2.2B	2.6B	2.8B	2.8B	3.3B	3.4B
Short Term Investments	600.8M	544.0M	973.3M	934.9M	1.0B	1.1B
Inventory	(89.1M)	(88.5M)	(268.9M)	(95.5M)	58.3M	61.2M
Other Current Assets	89.1M	88.5M	268.9M	95.5M	98.9M	94.0M
Intangible Assets	5.4M	4.3M	3.3M	2.3M	1.4M	1.3M
Property Plant Equipment	27.4M	27.5M	23.6M	22.5M	25.8M	24.0M
Other Current Liab	(20M)	(142.9M)	2.3B	(219M)	(360.5M)	(342.5M)
Long Term Debt	34.9M	35.1M	84.4M	85.5M	85.0M	51.7M
Non Current Liabilities Total	34.9M	35.1M	84.4M	219M	3.4B	3.6B
Net Tangible Assets	276.5M	312.2M	331.9M	161.0M	185.2M	243.1M
Retained Earnings Total Equity	186.9M	208.4M	234.4M	243.1M	279.5M	160.7M
Long Term Debt Total	34.9M	35.1M	84.4M	84.7M	97.4M	49.5M
Capital Surpluse	3.3M	3.7M	3.9M	4.1M	4.8M	3.4M
Long Term Investments	2.4B	3.0B	973.3M	1.3B	1.4B	1.3B
Non Current Liabilities Other	35.5M	35.1M	35.6M	265.0M	304.7M	320.0M

Pair Trading with Sierra Bancorp

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 Sierra Bancorp 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 Sierra Bancorp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Sierra Stock

0.89	AX	Axos Financial	Pair Corr
0.9	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.84	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Sierra Stock

0.33

Woori Financial Group

Pair Corr

The ability to find closely correlated positions to Sierra Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sierra Bancorp 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 Sierra Bancorp - 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 Sierra Bancorp to buy it.

The correlation of Sierra Bancorp 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 Sierra Bancorp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sierra Bancorp 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 Sierra Bancorp 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 Correlation Correlation Matching

Additional Tools for Sierra Stock Analysis

When running Sierra Bancorp's price analysis, check to measure Sierra Bancorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sierra Bancorp is operating at the current time. Most of Sierra Bancorp's value examination focuses on studying past and present price action to predict the probability of Sierra Bancorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sierra Bancorp's price. Additionally, you may evaluate how the addition of Sierra Bancorp to your portfolios can decrease your overall portfolio volatility.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC