InterRent Total Other Income Expense Net vs Income Before Tax 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 Total Other Income Expense Net and its Income Before Tax 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.
Total Other Income Expense Net vs Income Before Tax
Total Other Income Expense Net vs Income Before Tax Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of InterRent Real Estate Total Other Income Expense Net account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between InterRent Real's Total Other Income Expense Net and Income Before Tax is 0.93. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Income Before Tax 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 Total Other Income Expense Net and Income Before Tax 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 Other Income Expense Net of InterRent Real Estate are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Total Other Income Expense Net i.e., InterRent Real's Total Other Income Expense Net and Income Before Tax go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Total Other Income Expense Net
Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on InterRent Real income statement and is an important metric when analyzing InterRent Real Estate profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.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 Revenue | 185.1M | 216.4M | 237.1M | 249.0M | Depreciation And Amortization | 109.9M | 56.1M | 100.9M | 106.0M |
InterRent Real fundamental ratios Correlations
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InterRent Real Account Relationship Matchups
High Positive Relationship
High Negative Relationship
InterRent Real fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 2.8B | 3.2B | 4.1B | 4.3B | 4.4B | 4.7B | |
| Short Long Term Debt Total | 908.4M | 999.6M | 1.5B | 1.7B | 1.7B | 1.8B | |
| Other Current Liab | 23.2M | 23.7M | 34.9M | 39.4M | 22.3M | 15.2M | |
| Total Current Liabilities | 30.4M | 27.4M | 38.9M | 45.9M | 1.8B | 1.8B | |
| Total Stockholder Equity | 1.7B | 2.1B | 2.4B | 2.5B | 2.6B | 2.7B | |
| Property Plant And Equipment Net | 1.7M | 2.4M | 3.9M | 5.1M | 3.9M | 3.7M | |
| Net Debt | 907.6M | 948.0M | 1.5B | 1.7B | 1.7B | 1.8B | |
| Retained Earnings | 955.7M | 1.1B | 1.4B | 1.4B | 1.5B | 1.6B | |
| Accounts Payable | 7.2M | 3.8M | 4.0M | 6.5M | 7.1M | 3.8M | |
| Cash | 753K | 51.6M | 2.1M | 4.3M | 2.5M | 4.3M | |
| Non Current Assets Total | 2.8B | 3.1B | 4.1B | 4.3B | 4.4B | 4.6B | |
| Cash And Short Term Investments | 753K | 51.6M | 2.1M | 4.3M | 2.5M | 4.3M | |
| Common Stock Shares Outstanding | 117.4M | 134.9M | 142.8M | 144.5M | 146.2M | 153.5M | |
| Liabilities And Stockholders Equity | 2.8B | 3.2B | 4.1B | 4.3B | 4.4B | 4.7B | |
| Non Current Liabilities Total | 1.0B | 1.1B | 1.7B | 1.8B | 109.8M | 104.3M | |
| Total Liab | 1.1B | 1.1B | 1.7B | 1.8B | 1.9B | 2.0B | |
| Total Current Assets | 5.0M | 66.2M | 10.7M | 16.0M | 58.1M | 61.0M | |
| Common Stock | 766.3M | 1.0B | 1.0B | 1.1B | 1.1B | 1.1B | |
| Net Receivables | 2.0M | 3.1M | 5.7M | 9.1M | 7.8M | 8.1M | |
| Other Current Assets | 467K | 1.4M | (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 Other | 2.8B | 3.1B | 4.1B | 4.3B | 4.3B | 4.5B | |
| Short Term Debt | 908.4M | 999.6M | 1.5B | 1.7B | 1.7B | 1.8B | |
| Current Deferred Revenue | (908.4M) | (999.6M) | (1.5B) | (1.7B) | 32.9M | 34.6M | |
| Inventory | 1.8M | 10.0M | 21.3M | 68.4M | 78.7M | 82.6M | |
| Other Liab | 11.7M | 13.3M | 16.7M | 18.2M | 21.0M | 13.3M | |
| Net Tangible Assets | 1.7B | 2.1B | 2.4B | 2.5B | 2.9B | 1.6B | |
| Other Assets | 11.7M | 11.2M | 10.9M | 8.9M | 10.2M | 18.1M | |
| Long Term Debt | 908.4M | 999.6M | 1.5B | 1.7B | 1.9B | 1.1B | |
| Deferred Long Term Liab | 239K | 197K | 323K | 387K | 445.1K | 320.8K | |
| Property Plant Equipment | 2.8B | 3.1B | 4.1B | 4.3B | 4.9B | 2.8B | |
| Long Term Investments | 25.2M | 28.0M | 30.6M | 32.5M | 48.0M | 45.6M | |
| Non Current Liabilities Other | 65.1M | 60.0M | 59.0M | 43.7M | 28.6M | 45.7M | |
| Net Invested Capital | 2.6B | 3.1B | 3.9B | 4.2B | 4.3B | 3.4B | |
| Net Working Capital | (25.4M) | 38.7M | (28.2M) | (29.8M) | (1.7B) | (1.6B) | |
| Capital Stock | 766.3M | 1.0B | 1.0B | 1.1B | 1.1B | 1.0B |
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
Moving against InterRent Stock
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| 0.67 | ERC | Eros Resources Corp | PairCorr |
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.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.