Franco Total Revenue vs Non Recurring Analysis
FNV Stock | CAD 172.42 3.58 2.12% |
Franco Nevada financial indicator trend analysis is much more than just examining Franco Nevada latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Franco Nevada is a good investment. Please check the relationship between Franco Nevada Total Revenue and its Non Recurring accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franco Nevada. 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. To learn how to invest in Franco Stock, please use our How to Invest in Franco Nevada guide.
Total Revenue vs Non Recurring
Total Revenue vs Non Recurring Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Franco Nevada Total Revenue account and Non Recurring. At this time, the significance of the direction appears to have strong relationship.
The correlation between Franco Nevada's Total Revenue and Non Recurring is 0.75. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Franco Nevada, assuming nothing else is changed. The correlation between historical values of Franco Nevada's Total Revenue and Non Recurring is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Franco Nevada are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Total Revenue i.e., Franco Nevada's Total Revenue and Non Recurring go up and down completely randomly.
Correlation Coefficient | 0.75 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Total Revenue
Total revenue comprises all receipts Franco Nevada generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Non Recurring
Most indicators from Franco Nevada's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Franco Nevada 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franco Nevada. 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. To learn how to invest in Franco Stock, please use our How to Invest in Franco Nevada guide.As of the 26th of November 2024, Enterprise Value is likely to grow to about 23.6 B, while Selling General Administrative is likely to drop about 22 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 300K | 100K | 3.0M | 2.9M | Depreciation And Amortization | 299.6M | 286.2M | 273.1M | 206.7M |
Franco Nevada fundamental ratios Correlations
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Franco Nevada Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Franco Nevada fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 5.3B | 5.6B | 6.2B | 6.6B | 6.0B | 4.3B | |
Other Current Liab | 46.6M | 49.7M | 34.7M | 43.2M | 33.5M | 30.9M | |
Total Current Liabilities | 53.4M | 53.2M | 43.2M | 50.2M | 39.0M | 36.6M | |
Total Stockholder Equity | 5.1B | 5.4B | 6.0B | 6.4B | 5.7B | 4.2B | |
Net Debt | (49.5M) | (529.8M) | (533.2M) | (1.2B) | (562.8M) | (590.9M) | |
Retained Earnings | (164.4M) | (34.4M) | 484.9M | 940.4M | 211.2M | 221.8M | |
Cash | 132.1M | 534.2M | 539.3M | 1.2B | 568.5M | 476.5M | |
Non Current Assets Total | 5.0B | 4.9B | 5.5B | 5.2B | 4.4B | 3.6B | |
Cash And Short Term Investments | 132.1M | 534.2M | 539.3M | 1.2B | 1.4B | 1.5B | |
Net Receivables | 97.8M | 93.4M | 159.5M | 135.7M | 110.4M | 83.3M | |
Common Stock Total Equity | 5.1B | 5.2B | 5.4B | 5.6B | 6.4B | 4.5B | |
Common Stock Shares Outstanding | 188M | 190.7M | 191.5M | 191.9M | 192M | 169.9M | |
Liabilities And Stockholders Equity | 5.3B | 5.6B | 6.2B | 6.6B | 6.0B | 4.3B | |
Non Current Liabilities Total | 165M | 95.9M | 141.5M | 159M | 184.8M | 131.6M | |
Other Current Assets | 26.9M | 19.2M | 33.3M | 28.7M | 80.9M | 84.9M | |
Total Liab | 218.4M | 149.1M | 184.7M | 209.2M | 223.8M | 168.3M | |
Total Current Assets | 278.7M | 663.7M | 751.4M | 1.4B | 1.6B | 1.7B | |
Accumulated Other Comprehensive Income | (178.3M) | (115.9M) | (104.3M) | (233.7M) | (191.0M) | (181.5M) | |
Common Stock | 5.4B | 5.6B | 5.6B | 5.7B | 5.7B | 4.9B | |
Property Plant And Equipment Net | 4.8B | 4.6B | 5.2B | 4.9B | 4.0B | 3.6B | |
Short Term Investments | 13.4M | 10.5M | 9.6M | 654.8M | 846.1M | 888.5M | |
Property Plant And Equipment Gross | 4.8B | 4.6B | 8.5B | 8.5B | 7.9B | 4.3B | |
Accounts Payable | 6.8M | 3.5M | 8.5M | 7M | 5.5M | 5.3M | |
Other Liab | 85M | 95.9M | 141.5M | 159M | 182.9M | 192.0M | |
Net Tangible Assets | 5.1B | 5.4B | 6.0B | 6.4B | 7.4B | 5.1B | |
Other Assets | 43.3M | 88.4M | 66.2M | 84.9M | 1.0 | 0.95 | |
Inventory | 5.4M | 4.4M | 500K | 100K | 497.4K | 472.6K | |
Long Term Investments | 145.6M | 238.4M | 235.1M | 224.6M | 246.4M | 181.0M | |
Property Plant Equipment | 4.8B | 4.6B | 5.2B | 4.9B | 5.7B | 4.4B | |
Short Long Term Debt Total | 82.6M | 4.4M | 6.1M | 6.0M | 5.7M | 5.4M | |
Cash And Equivalents | 13.4M | 10.5M | 9.6M | 655.1M | 753.4M | 791.0M | |
Net Invested Capital | 5.1B | 5.4B | 6.0B | 6.4B | 5.8B | 6.0B | |
Net Working Capital | 225.3M | 610.5M | 708.2M | 1.3B | 1.6B | 817.2M | |
Capital Stock | 5.4B | 5.6B | 5.6B | 5.7B | 5.7B | 6.1B |
Pair Trading with Franco Nevada
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 Franco Nevada 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 Franco Nevada will appreciate offsetting losses from the drop in the long position's value.Moving together with Franco Stock
Moving against Franco Stock
The ability to find closely correlated positions to Franco Nevada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Franco Nevada 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 Franco Nevada - 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 Franco Nevada to buy it.
The correlation of Franco Nevada 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 Franco Nevada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Franco Nevada 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 Franco Nevada 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Franco Nevada. 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. To learn how to invest in Franco Stock, please use our How to Invest in Franco Nevada guide.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.