HR-UN Free Cash Flow Yield vs Ptb Ratio Analysis

HR-UN Stock

CAD 10.00 0.19 1.94%

HR Real financial indicator trend analysis is much more than just examining HR Real Estate latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether HR Real Estate is a good investment. Please check the relationship between HR Real Free Cash Flow Yield and its Ptb Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HR Real Estate. 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.

Free Cash Flow Yield vs Ptb Ratio

Free Cash Flow Yield vs Ptb Ratio Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of HR Real Estate Free Cash Flow Yield account and Ptb Ratio. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between HR Real's Free Cash Flow Yield and Ptb Ratio is -0.48. Overlapping area represents the amount of variation of Free Cash Flow Yield that can explain the historical movement of Ptb Ratio in the same time period over historical financial statements of HR Real Estate, assuming nothing else is changed. The correlation between historical values of HR Real's Free Cash Flow Yield and Ptb Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow Yield of HR Real Estate are associated (or correlated) with its Ptb Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Ptb Ratio has no effect on the direction of Free Cash Flow Yield i.e., HR Real's Free Cash Flow Yield and Ptb Ratio go up and down completely randomly.

Correlation Coefficient

-0.48

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Free Cash Flow Yield

A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.

Ptb Ratio

Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.

Most indicators from HR Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into HR Real Estate 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HR Real Estate. 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.

Issuance Of Capital Stock is likely to gain to about 7.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 16 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	661.6M	534.9M	546.6M	492.4M
Total Revenue	1.1B	834.6M	847.1M	737.3M

Gross Profit Total Revenue

HR Real fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Total Current Liabilities	Accounts Payable	Common Stock	Retained Earnings	Short Term Debt	Intangible Assets	Other Current Assets	Current Deferred Revenue	Inventory
Total Assets		0.91	0.98	0.98	0.91	0.18	1.0	0.06	0.13	0.18	0.18	0.94	0.96	-0.53	0.98	0.24	-0.43	-0.16	-0.18	0.87	0.65	0.43	0.17	0.26	-0.18	-0.14
Short Long Term Debt Total	0.91		0.84	0.96	1.0	0.05	0.92	-0.04	-0.08	0.05	0.1	0.75	0.98	-0.37	0.95	0.04	-0.35	-0.3	-0.27	0.7	0.71	0.47	0.27	0.26	-0.38	-0.24
Total Stockholder Equity	0.98	0.84		0.94	0.84	0.16	0.98	0.09	0.14	0.16	0.16	0.93	0.9	-0.64	0.92	0.26	-0.5	-0.17	-0.16	0.86	0.69	0.42	0.15	0.26	-0.15	-0.12
Property Plant And Equipment Net	0.98	0.96	0.94		0.96	0.13	0.98	-0.03	-0.05	0.13	0.05	0.85	0.98	-0.49	0.97	0.07	-0.45	-0.28	-0.17	0.79	0.73	0.41	0.26	0.27	-0.31	-0.21
Net Debt	0.91	1.0	0.84	0.96		0.03	0.92	-0.04	-0.09	0.03	0.1	0.74	0.98	-0.37	0.95	0.03	-0.35	-0.3	-0.28	0.7	0.72	0.47	0.28	0.26	-0.38	-0.24
Cash	0.18	0.05	0.16	0.13	0.03		0.16	0.04	0.3	1.0	0.09	0.32	0.15	-0.09	0.2	0.28	0.17	0.12	0.16	0.25	-0.14	-0.32	-0.06	0.02	0.14	-0.01
Non Current Assets Total	1.0	0.92	0.98	0.98	0.92	0.16		0.05	0.08	0.16	0.14	0.92	0.96	-0.52	0.98	0.19	-0.45	-0.18	-0.15	0.86	0.67	0.42	0.19	0.26	-0.21	-0.16
Non Currrent Assets Other	0.06	-0.04	0.09	-0.03	-0.04	0.04	0.05		0.48	0.04	0.02	0.11	-0.04	-0.17	0.02	0.32	-0.03	0.52	0.32	0.26	-0.1	0.04	-0.64	-0.46	0.48	0.59
Other Assets	0.13	-0.08	0.14	-0.05	-0.09	0.3	0.08	0.48		0.3	0.68	0.33	-0.02	-0.11	0.11	0.92	0.34	0.72	-0.18	0.47	-0.36	0.18	-0.62	-0.18	0.71	0.5
Cash And Short Term Investments	0.18	0.05	0.16	0.13	0.03	1.0	0.16	0.04	0.3		0.09	0.32	0.15	-0.09	0.2	0.28	0.17	0.12	0.16	0.25	-0.14	-0.32	-0.06	0.02	0.14	-0.01
Net Receivables	0.18	0.1	0.16	0.05	0.1	0.09	0.14	0.02	0.68	0.09		0.27	0.14	-0.23	0.19	0.71	0.19	0.14	-0.7	0.27	-0.09	0.57	-0.05	0.15	0.08	-0.02
Common Stock Shares Outstanding	0.94	0.75	0.93	0.85	0.74	0.32	0.92	0.11	0.33	0.32	0.27		0.84	-0.43	0.91	0.41	-0.33	0.02	-0.06	0.94	0.38	0.34	0.04	0.23	0.0	-0.05
Non Current Liabilities Total	0.96	0.98	0.9	0.98	0.98	0.15	0.96	-0.04	-0.02	0.15	0.14	0.84		-0.44	0.97	0.1	-0.39	-0.31	-0.24	0.78	0.68	0.44	0.3	0.3	-0.37	-0.26
Other Stockholder Equity	-0.53	-0.37	-0.64	-0.49	-0.37	-0.09	-0.52	-0.17	-0.11	-0.09	-0.23	-0.43	-0.44		-0.39	-0.26	0.62	0.28	0.27	-0.37	-0.71	-0.44	-0.16	-0.14	0.17	0.05
Total Liab	0.98	0.95	0.92	0.97	0.95	0.2	0.98	0.02	0.11	0.2	0.19	0.91	0.97	-0.39		0.22	-0.33	-0.14	-0.19	0.85	0.59	0.43	0.18	0.27	-0.21	-0.16
Total Current Assets	0.24	0.04	0.26	0.07	0.03	0.28	0.19	0.32	0.92	0.28	0.71	0.41	0.1	-0.26	0.22		0.24	0.62	-0.3	0.5	-0.19	0.33	-0.48	-0.01	0.59	0.44
Other Current Liab	-0.43	-0.35	-0.5	-0.45	-0.35	0.17	-0.45	-0.03	0.34	0.17	0.19	-0.33	-0.39	0.62	-0.33	0.24		0.32	-0.26	-0.29	-0.55	-0.49	-0.22	0.07	0.28	0.05
Total Current Liabilities	-0.16	-0.3	-0.17	-0.28	-0.3	0.12	-0.18	0.52	0.72	0.12	0.14	0.02	-0.31	0.28	-0.14	0.62	0.32		0.35	0.23	-0.57	-0.06	-0.85	-0.47	0.96	0.78
Accounts Payable	-0.18	-0.27	-0.16	-0.17	-0.28	0.16	-0.15	0.32	-0.18	0.16	-0.7	-0.06	-0.24	0.27	-0.19	-0.3	-0.26	0.35		0.02	-0.34	-0.46	-0.32	-0.39	0.37	0.34
Common Stock	0.87	0.7	0.86	0.79	0.7	0.25	0.86	0.26	0.47	0.25	0.27	0.94	0.78	-0.37	0.85	0.5	-0.29	0.23	0.02		0.28	0.36	-0.18	0.04	0.18	0.18
Retained Earnings	0.65	0.71	0.69	0.73	0.72	-0.14	0.67	-0.1	-0.36	-0.14	-0.09	0.38	0.68	-0.71	0.59	-0.19	-0.55	-0.57	-0.34	0.28		0.38	0.41	0.26	-0.5	-0.31
Short Term Debt	0.43	0.47	0.42	0.41	0.47	-0.32	0.42	0.04	0.18	-0.32	0.57	0.34	0.44	-0.44	0.43	0.33	-0.49	-0.06	-0.46	0.36	0.38		-0.02	-0.12	-0.19	0.15
Intangible Assets	0.17	0.27	0.15	0.26	0.28	-0.06	0.19	-0.64	-0.62	-0.06	-0.05	0.04	0.3	-0.16	0.18	-0.48	-0.22	-0.85	-0.32	-0.18	0.41	-0.02		0.79	-0.79	-0.95
Other Current Assets	0.26	0.26	0.26	0.27	0.26	0.02	0.26	-0.46	-0.18	0.02	0.15	0.23	0.3	-0.14	0.27	-0.01	0.07	-0.47	-0.39	0.04	0.26	-0.12	0.79		-0.38	-0.83
Current Deferred Revenue	-0.18	-0.38	-0.15	-0.31	-0.38	0.14	-0.21	0.48	0.71	0.14	0.08	0.0	-0.37	0.17	-0.21	0.59	0.28	0.96	0.37	0.18	-0.5	-0.19	-0.79	-0.38		0.7
Inventory	-0.14	-0.24	-0.12	-0.21	-0.24	-0.01	-0.16	0.59	0.5	-0.01	-0.02	-0.05	-0.26	0.05	-0.16	0.44	0.05	0.78	0.34	0.18	-0.31	0.15	-0.95	-0.83	0.7

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HR Real Account Relationship Matchups

HR Real fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	14.5B	13.4B	10.5B	11.4B	10.8B	8.1B
Short Long Term Debt Total	6.4B	6.4B	3.9B	4.0B	3.7B	4.0B
Total Stockholder Equity	7.0B	6.1B	4.8B	5.5B	5.2B	3.5B
Property Plant And Equipment Net	12.0B	11.2B	8.6B	8.8B	7.8B	7.0B
Net Debt	6.4B	6.3B	3.8B	3.9B	3.7B	3.9B
Cash	48.6M	62.9M	124.1M	76.9M	64.1M	50.4M
Non Current Assets Total	13.7B	12.7B	10.1B	10.7B	10.1B	7.8B
Non Currrent Assets Other	651.1M	576.8M	507.4M	850.4M	8.9B	9.3B
Other Assets	1.2B	845.0M	698.4M	1.0B	1.2B	1.2B
Cash And Short Term Investments	48.6M	62.9M	124.1M	76.9M	64.1M	50.4M
Net Receivables	566.4M	290.3M	197.1M	174.5M	172.0M	143.2M
Common Stock Shares Outstanding	286.1M	286.8M	287.7M	272.7M	263.8M	181.1M
Liabilities And Stockholders Equity	14.5B	13.4B	10.5B	11.4B	10.8B	8.1B
Non Current Liabilities Total	7.2B	7.0B	5.4B	4.7B	4.0B	4.2B
Other Stockholder Equity	(1.4B)	(519.8M)	779.8M	94.8M	217.5M	416.7M
Total Liab	7.4B	7.3B	5.7B	5.9B	5.6B	4.5B
Total Current Assets	809.1M	643.7M	390.8M	672.2M	655.8M	688.6M
Other Current Liab	58.8M	42.3M	52.1M	58.9M	61.8M	64.9M
Total Current Liabilities	286.2M	327.0M	311.2M	1.3B	1.6B	1.6B
Accounts Payable	(609.2M)	(238.4M)	215.2M	181.5M	205.8M	216.1M
Accumulated Other Comprehensive Income	246.5M	159.8M	136.3M	457.8M	326.6M	343.0M
Common Stock	5.4B	5.4B	5.4B	5.1B	5.1B	5.3B
Retained Earnings	1.4B	519.8M	(779.8M)	(94.8M)	(217.5M)	(206.6M)
Short Term Debt	331.9M	795.0M	487.8M	12.5M	333.3M	310.4M
Other Current Assets	194.0M	293.0M	69.5M	420.8M	(332.7M)	(316.1M)
Current Deferred Revenue	41.6M	35.4M	31.4M	1.0B	969.2M	1.0B
Inventory	(5.4M)	(752.0K)	(2.5M)	(38.2M)	752.4M	790.0M
Other Liab	422.2M	360.6M	1.3B	1.5B	1.7B	1.8B
Net Tangible Assets	7.0B	6.1B	4.8B	5.5B	4.9B	5.1B
Long Term Debt	6.4B	5.9B	3.9B	3.9B	3.4B	4.5B
Long Term Investments	1.0B	955.5M	992.7M	1.1B	1.2B	1.1B
Short Long Term Debt	352.5M	581.9M	487.8M	12.5M	304.7M	289.5M
Property Plant Equipment	12.0B	11.2B	8.6B	8.8B	7.9B	9.3B
Short Term Investments	266K	752K	272K	38.2M	28.2M	29.6M
Non Current Liabilities Other	323.2M	197.8M	216.8M	217.7M	177.9M	217.5M
Net Invested Capital	13.4B	12.4B	8.7B	9.4B	8.9B	9.2B
Net Working Capital	(272.2M)	(171.1M)	79.6M	(589.0M)	(927.0M)	(880.7M)
Capital Lease Obligations	32.0M	30.3M	29.1M	30.4M	28.6M	27.6M
Capital Stock	5.4B	5.4B	5.4B	5.1B	5.1B	4.2B

Pair Trading with HR Real

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 HR Real 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 HR Real will appreciate offsetting losses from the drop in the long position's value.

Moving together with HR-UN Stock

0.76

CMC

Cielo Waste Solutions

Pair Corr

Moving against HR-UN Stock

0.65	MATE	Blockmate Ventures Earnings Call Tomorrow	Pair Corr
0.54	LQWD	LQwD FinTech Corp	Pair Corr
0.34	ERC	Eros Resources Corp	Pair Corr

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

The correlation of HR Real 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 HR Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if HR Real Estate 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 HR Real 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 HR-UN Stock Analysis

When running HR Real's price analysis, check to measure HR Real'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 HR Real is operating at the current time. Most of HR Real's value examination focuses on studying past and present price action to predict the probability of HR Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HR Real's price. Additionally, you may evaluate how the addition of HR Real to your portfolios can decrease your overall portfolio volatility.

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