InterRent Ebit vs Research Development Analysis

IIP-UN Stock  CAD 10.98  0.28  2.62%   
InterRent Real financial indicator trend analysis is infinitely more than just investigating InterRent Real Estate recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether InterRent Real Estate is a good investment. Please check the relationship between InterRent Real Ebit and its Research Development accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in InterRent 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 employment.

Ebit vs Research Development

Ebit vs Research Development Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InterRent Real Estate Ebit account and Research Development. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between InterRent Real's Ebit and Research Development is -0.58. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Research Development in the same time period over historical financial statements of InterRent Real Estate, assuming nothing else is changed. The correlation between historical values of InterRent Real's Ebit and Research Development is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of InterRent Real Estate are associated (or correlated) with its Research Development. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Research Development has no effect on the direction of Ebit i.e., InterRent Real's Ebit and Research Development go up and down completely randomly.

Correlation Coefficient

-0.58
Relationship DirectionNegative 
Relationship StrengthVery Weak

Ebit

Research Development

Most indicators from InterRent Real's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into InterRent 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 InterRent 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 employment.
At present, InterRent Real's Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value is expected to grow to about 3.8 B, whereas Issuance Of Capital Stock is forecasted to decline to about 679.2 K.
 2021 2022 2023 2024 (projected)
Total Revenue185.1M216.4M237.1M249.0M
Depreciation And Amortization109.9M56.1M100.9M106.0M

InterRent Real fundamental ratios Correlations

0.980.640.610.990.940.971.00.360.111.00.110.970.450.990.590.990.83-0.71-0.88-0.570.980.98-0.37-0.340.78
0.980.670.640.960.940.990.970.430.010.980.010.950.431.00.560.950.87-0.72-0.85-0.60.950.99-0.42-0.310.83
0.640.67-0.030.60.650.680.590.67-0.020.64-0.020.70.810.680.140.610.48-0.19-0.540.080.620.66-0.51-0.750.4
0.610.64-0.030.590.510.630.610.1-0.090.6-0.090.52-0.420.620.70.560.65-0.81-0.46-0.950.590.65-0.120.520.81
0.990.960.60.590.930.951.00.30.170.990.170.960.450.970.611.00.81-0.69-0.89-0.550.980.96-0.34-0.340.75
0.940.940.650.510.930.930.940.280.040.940.040.870.510.940.470.920.84-0.64-0.84-0.460.920.94-0.16-0.440.79
0.970.990.680.630.950.930.950.45-0.050.98-0.050.940.440.990.510.930.84-0.72-0.84-0.590.940.99-0.39-0.320.82
1.00.970.590.611.00.940.950.290.131.00.130.950.430.970.590.990.83-0.71-0.87-0.570.980.97-0.33-0.320.77
0.360.430.670.10.30.280.450.29-0.250.36-0.250.480.40.440.030.320.23-0.03-0.380.010.30.41-0.61-0.290.23
0.110.01-0.02-0.090.170.04-0.050.13-0.250.11.00.180.120.020.610.23-0.020.14-0.070.070.10.03-0.13-0.12-0.1
1.00.980.640.60.990.940.981.00.360.10.10.970.460.990.580.990.83-0.71-0.88-0.560.980.98-0.37-0.340.78
0.110.01-0.02-0.090.170.04-0.050.13-0.251.00.10.180.120.020.610.23-0.020.14-0.070.070.10.03-0.13-0.12-0.1
0.970.950.70.520.960.870.940.950.480.180.970.180.530.960.580.970.76-0.61-0.89-0.480.950.94-0.54-0.390.68
0.450.430.81-0.420.450.510.440.430.40.120.460.120.530.45-0.160.470.250.09-0.480.410.440.42-0.35-0.980.01
0.991.00.680.620.970.940.990.970.440.020.990.020.960.450.550.960.85-0.72-0.86-0.580.960.99-0.41-0.320.81
0.590.560.140.70.610.470.510.590.030.610.580.610.58-0.160.550.630.51-0.52-0.43-0.670.580.58-0.250.240.62
0.990.950.610.561.00.920.930.990.320.230.990.230.970.470.960.630.77-0.66-0.89-0.520.970.95-0.34-0.360.72
0.830.870.480.650.810.840.840.830.23-0.020.83-0.020.760.250.850.510.77-0.63-0.64-0.610.790.89-0.39-0.170.9
-0.71-0.72-0.19-0.81-0.69-0.64-0.72-0.71-0.030.14-0.710.14-0.610.09-0.72-0.52-0.66-0.630.570.75-0.69-0.730.09-0.18-0.67
-0.88-0.85-0.54-0.46-0.89-0.84-0.84-0.87-0.38-0.07-0.88-0.07-0.89-0.48-0.86-0.43-0.89-0.640.570.42-0.88-0.830.270.36-0.59
-0.57-0.60.08-0.95-0.55-0.46-0.59-0.570.010.07-0.560.07-0.480.41-0.58-0.67-0.52-0.610.750.42-0.55-0.60.1-0.51-0.77
0.980.950.620.590.980.920.940.980.30.10.980.10.950.440.960.580.970.79-0.69-0.88-0.550.94-0.33-0.320.78
0.980.990.660.650.960.940.990.970.410.030.980.030.940.420.990.580.950.89-0.73-0.83-0.60.94-0.41-0.310.84
-0.37-0.42-0.51-0.12-0.34-0.16-0.39-0.33-0.61-0.13-0.37-0.13-0.54-0.35-0.41-0.25-0.34-0.390.090.270.1-0.33-0.410.2-0.19
-0.34-0.31-0.750.52-0.34-0.44-0.32-0.32-0.29-0.12-0.34-0.12-0.39-0.98-0.320.24-0.36-0.17-0.180.36-0.51-0.32-0.310.20.07
0.780.830.40.810.750.790.820.770.23-0.10.78-0.10.680.010.810.620.720.9-0.67-0.59-0.770.780.84-0.190.07
Click cells to compare fundamentals

InterRent Real Account Relationship Matchups

InterRent Real fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets2.8B3.2B4.1B4.3B4.4B4.7B
Short Long Term Debt Total908.4M999.6M1.5B1.7B1.7B1.8B
Other Current Liab23.2M23.7M34.9M39.4M22.3M15.2M
Total Current Liabilities30.4M27.4M38.9M45.9M1.8B1.8B
Total Stockholder Equity1.7B2.1B2.4B2.5B2.6B2.7B
Property Plant And Equipment Net1.7M2.4M3.9M5.1M3.9M3.7M
Net Debt907.6M948.0M1.5B1.7B1.7B1.8B
Retained Earnings955.7M1.1B1.4B1.4B1.5B1.6B
Accounts Payable7.2M3.8M4.0M6.5M7.1M3.8M
Cash753K51.6M2.1M4.3M2.5M4.3M
Non Current Assets Total2.8B3.1B4.1B4.3B4.4B4.6B
Cash And Short Term Investments753K51.6M2.1M4.3M2.5M4.3M
Common Stock Shares Outstanding117.4M134.9M142.8M144.5M146.2M153.5M
Liabilities And Stockholders Equity2.8B3.2B4.1B4.3B4.4B4.7B
Non Current Liabilities Total1.0B1.1B1.7B1.8B109.8M104.3M
Total Liab1.1B1.1B1.7B1.8B1.9B2.0B
Total Current Assets5.0M66.2M10.7M16.0M58.1M61.0M
Common Stock766.3M1.0B1.0B1.1B1.1B1.1B
Net Receivables2.0M3.1M5.7M9.1M7.8M8.1M
Other Current Assets467K1.4M(18.4M)2.6M(20.6M)(19.6M)
Other Stockholder Equity(955.7M)(1.1B)(1.4B)(1.4B)(1.5B)(1.4B)
Non Currrent Assets Other2.8B3.1B4.1B4.3B4.3B4.5B
Short Term Debt908.4M999.6M1.5B1.7B1.7B1.8B
Current Deferred Revenue(908.4M)(999.6M)(1.5B)(1.7B)32.9M34.6M
Inventory1.8M10.0M21.3M68.4M78.7M82.6M
Other Liab11.7M13.3M16.7M18.2M21.0M13.3M
Net Tangible Assets1.7B2.1B2.4B2.5B2.9B1.6B
Other Assets11.7M11.2M10.9M8.9M10.2M18.1M
Long Term Debt908.4M999.6M1.5B1.7B1.9B1.1B
Deferred Long Term Liab239K197K323K387K445.1K320.8K
Property Plant Equipment2.8B3.1B4.1B4.3B4.9B2.8B
Long Term Investments25.2M28.0M30.6M32.5M48.0M45.6M
Non Current Liabilities Other65.1M60.0M59.0M43.7M28.6M45.7M
Net Invested Capital2.6B3.1B3.9B4.2B4.3B3.4B
Net Working Capital(25.4M)38.7M(28.2M)(29.8M)(1.7B)(1.6B)
Capital Stock766.3M1.0B1.0B1.1B1.1B1.0B

Pair Trading with InterRent 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 InterRent 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 InterRent Real will appreciate offsetting losses from the drop in the long position's value.

Moving together with InterRent Stock

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Moving against InterRent Stock

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  0.67ERC Eros Resources CorpPairCorr
The ability to find closely correlated positions to InterRent 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 InterRent 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 InterRent 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 InterRent Real Estate to buy it.
The correlation of InterRent 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 InterRent Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if InterRent 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 InterRent 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 CorrelationCorrelation Matching

Other Information on Investing in InterRent Stock

Balance Sheet is a snapshot of the financial position of InterRent Real Estate at a specified time, usually calculated after every quarter, six months, or one year. InterRent Real Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of InterRent Real 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 InterRent currently owns. An asset can also be divided into two categories, current and non-current.